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Arbitral award set aside under section 68(2)(a) (Mare Nova Inc v Zhangjiagang Jiushun Ship Engineering Co Ltd)
Arbitration analysis: The court remitted an award back to a tribunal for reconsideration because the tribunal had rejected a claim for damages on the basis of an argument that had neither been raised by the parties nor put to them in the course of the arbitration. The court was satisfied that the tribunal had erred in law and so had the claimant...
Fast fashion, measured justice—High Court adopts cautious approach in Farfetch liquidation Re Farfetch Ltd (in liquidation)
Restructuring & Insolvency analysis: The High Court has taken a measured approach in addressing applications by Joint Official Liquidators (JOLs) seeking oral examination of former Farfetch executives. In partially refusing these applications under Article 21 of the UNCITRAL Model Law, the court determined that written responses would suffice at...
UPC publishes inaugural annual report, showcasing first-year progress
The Unified Patent Court (UPC) has published its first annual report, detailing its activities and achievements since commencing operations on 1 June 2023. The UPC has reported a successful handling of an increasing caseload, contributing to the development of a consistent body of patent law across member states. The Court has emphasised its...
FCA imposes fine against Mako for failings relating to cum-ex trading
The Financial Conduct Authority (FCA) has fined Mako Financial Markets Partnership LLP (Mako) £1,662,700 for failing to maintain effective systems and controls to prevent financial crime and for not adequately applying existing policies and procedures, breaching FCA Principles 2 and Principle 3. This case concludes the FCA's investigations into...
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