Five years since the Republic of Mozambique issued its claim in the English High Court against Privinvest and other participants in one of the largest sovereign corruption scandals of modern memory – the so-called "Tuna Bond"...more
7/31/2024
/ Bribery ,
Corruption ,
Debt Restructuring ,
Financial Institutions ,
International Litigation ,
Investors ,
Mozambique ,
Settlement ,
Shipbuilding ,
Sovereign Territories ,
Special Purpose Vehicles
The English High Court has sanctioned a restructuring plan in respect of EUR 3.2 billion of bonds issued by the German real estate business, Adler Group. The main objective of the plan was to avoid Adler's imminent insolvency...more
Since the decision in Assénagon in 2012, there has been some doubt as to how much coercion can be applied in a consent solicitation that includes an "exit consent" and whether consents that seek to force detrimental economic...more
While the timing of competing English and German insolvency applications in Re Galapagos1 allowed for clear determination of jurisdiction under the UK Insolvency Regulation, there remains potential uncertainty as to how...more
The UK Supreme Court has issued the latest in a series of landmark decisions on parent company liability under English law for claims alleging environmental damage and human rights abuses.
In a unanimous reversal of the...more
2/23/2021
/ Corporate Counsel ,
Corporate Governance ,
Due Diligence ,
Duty of Care ,
Environmental Violations ,
Foreign Subsidiaries ,
Human Rights ,
Internal Controls ,
Nigeria ,
Parent Corporation ,
UK Supreme Court ,
Zambia
The Court of Appeal's recent decision in Kadie Kalma & Ors v African Minerals Ltd stands as a stark reminder of the risks and responsibilities companies bear when operating in sectors and jurisdictions with a high risk of...more
3/21/2020
/ Africa ,
Appeals ,
Dismissals ,
Duty of Care ,
Human Rights ,
Mining ,
Negligence ,
Parent Corporation ,
Police Brutality ,
Police Misconduct ,
Third-Party Service Provider ,
UK ,
Vicarious Liability