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UK Government introduces Bill to reverse UK Supreme Court PACCAR ruling

The Bill is intended to restore the previous status quo in which litigation funding agreements were distinct from damages-based agreements and were not required to comply with additional...

News

UAE removed from the FATF's grey list

The Financial Action Task Force ("FATF") has announced that the UAE has been removed from its 'grey list' following substantial improvement in the stringency of its...

Insights and Analysis

Practical tips on drafting arbitration clauses

Consent of the parties to arbitrate lies at the core of international arbitration – this consent predominantly takes the form of an arbitration clause agreed upon by the parties in a...

News

Cross-border enforcement of judgments – new mechanism comes into force 29 January 2024

A wide-ranging mechanism allowing for easier reciprocal enforcement of judgments in mainland China and Hong Kong will come into force on 29 January 2024. The new enforcement regime should...

Insights and Analysis

Injunctive relief in the DIFC: A narrowing of the DIFC Court’s jurisdiction

A recent decision of the DIFC Court of Appeal has significantly narrowed the DIFC Court’s jurisdiction to grant injunctions, including worldwide freezing orders, in support of...

Insights and Analysis

Well kept but timed out? Recent Hong Kong court decisions show timing is everything in enforcement of bondholder rights

Two recent Hong Kong decisions by the Hong Kong court have brought mixed messages for holders of offshore Chinese bonds structured through keepwell arrangements. On the one hand, the...

News

UK Supreme Court judgment opens up potential for a “radical review” of the entire litigation funding sector

UK Supreme Court judgment requires litigation funding agreements to comply with additional conditions.

News

Hong Kong court rules keepwell deeds are enforceable in first of its kind decision

In the latest development regarding the validity and enforceability of keepwell deeds in the "Peking Founder” litigation, a Hong Kong court has awarded more than US$164 million...

News

Refrozen - Hong Kong Court of Appeal confirms lawfulness of "letters of no consent" regime

The Hong Kong Court of Appeal has overturned a first instance judgment that had held that the longstanding use of "letters of no consent" to preserve monies held in bank accounts...

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