Municipio de Mariana & Ors v BHP Group

Described by one London disputes head as ‘the biggest class action ever’, Municipio de Mariana & Ors v BHP Group sees a claimant class of more than 700,000 bringing claims for damages in excess of £36bn arising from the 2015 collapse of Brazil’s Fundão Dam.

On 5 November 2015 the dam suffered a catastrophic failure. Nineteen people were killed and over 40 million cubic metres of iron ore waste poured into the Doce River in what became the worst environmental disaster in Brazil’s history. Continue reading “Municipio de Mariana & Ors v BHP Group”

Mastercard proceedings

Complex claims are being brought against Mastercard and Visa in an ongoing decade-long saga involving over 1,800 corporate claimants across the hospitality, arts, financial services, and leisure sectors. With three different strands of cases – Merricks v Mastercard, collective cards, and umbrella proceedings – lawyers involved are finding themselves in court almost weekly. The first of these, the Merricks claim, is the second collective proceedings to have ever been brought in the CAT, starting seven years ago. Judgment on a causation hearing came through in February, examining the veracity of the central facts, which ultimately determined that on the factual basis, the European interchange fees did not drive the UK fees. Cited as a success by Freshfields, a spokesperson for the firm commented, ‘this is a very significant judgment. It finds that over 90% of Mr Merricks’ case fails factually’. If the judgment is left to stand, the value of the claim will be reduced by £9bn from a total of £10bn. Merricks’ lawyers have indicated their intention to push for a trial on a counterfactual scenario, which if successful, would bring this amount back into play. Continue reading “Mastercard proceedings”

Russian aircraft claims

In line with the trend towards mega-trials, the Commercial Court in October is due to hear the highly publicised Russian aircraft insurance claims, with aircraft lessors bringing multiple proceedings across a range of jurisdictions.

The losses arise from the detention of hundreds of commercial aircraft in Russia due to its invasion of Ukraine and the subsequent implementation of international sanctions against it. The litigation encompasses complex multi-party insurance claims, involving expert evidence across Russian politics, civil aviation, insurance underwriting, and US sanctions. Continue reading “Russian aircraft claims”

Access to justice: Spurious claims under the spotlight – best intentions or base motives?

With the marked increase in group litigation and rapid development of the litigation funding industry, the Competition Appeal Tribunal is consistently seeing novel claims. New theories of dominance are appearing, with what actually constitutes a dominant position widening. And the type of claim presented to the tribunal is expanding, with an increasing number of ESG claims filed.

As the only court in the jurisdiction to allow for opt-out group litigation, the CAT is the only means by which North American style class actions can be brought. Supporters of the expansion of the CAT’s domain and these new claims see it as a necessary means of consumer redress. The system is seen as one that provides access to justice for consumers, and a way of holding major corporates to account. Continue reading “Access to justice: Spurious claims under the spotlight – best intentions or base motives?”

Scaling up: a look back at the last ten years of disputes in London

When Legal Business first launched its Disputes Yearbook back in 2014 Brexit was barely on the radar, most people had not heard of Wuhan and post-financial crisis disputes work and oligarchs were helping firms cast aside any doubts about how sustainable further disputes growth was at either the biggest players in the City or the boutiques spinning out from them.

While much has changed, many of the key market players are still the same today and some of the bigger trends keeping litigators busy now were still evident a decade ago – albeit in nascent form. Continue reading “Scaling up: a look back at the last ten years of disputes in London”

‘Credibility in both US and English law is non-negotiable’ – A&O Shearman readies for launch

Wim Dejonghe

As the latest edition of Legal Business went to press in late April, Allen & Overy (A&O) and Shearman & Sterling were working to a deadline of their own – the 1 May go-live date for their mega-merger.

The headline figures are undeniable – A&O Shearman will come into existence with 4,000 lawyers in 48 offices across 29 countries, as well as $3.5bn in revenue; enough to rocket it up to fourth place in the Global 100.

Continue reading “‘Credibility in both US and English law is non-negotiable’ – A&O Shearman readies for launch”

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‘We’ll continue to look for talent’: Sidley’s London growth streak continues with double-digit revenue hike

Sidley Austin has continued its decade-long streak of growth in London, posting a 12.4% hike to reach $209.7m, with firmwide revenues reaching the $3bn mark.

While global revenues grew 6.1% on last year, with profit per equity partner (PEP) up 10.3% to $4.6m, the Chicago-headquartered firm’s London office stood out with another year of double-digit growth.

Continue reading “‘We’ll continue to look for talent’: Sidley’s London growth streak continues with double-digit revenue hike”

‘I had strong support and people wanted me to continue’: Bakers’ Poulton seals second term as head of London office

Following his initial appointment to lead Baker McKenzie’s London office in 2021, managing partner Ed Poulton has been re-elected for another three-year term, starting from July.

Speaking to Legal Business, he described the process of being re-elected as ‘relatively straightforward’.

‘We conduct soundings so that the partners get a chance to speak to a small group of partners,’ he said. ‘The message was I had strong support and people wanted me to continue.’   Continue reading “‘I had strong support and people wanted me to continue’: Bakers’ Poulton seals second term as head of London office”