The High Court recently approved a landmark statutory transfer under Part VII of the Financial Services and Markets Act 2000 (“FSMA”), the largest and most significant of its kind to date, that will bring finality to members of Lloyd’s with 1992 and prior liabilities.

Corporate fraud continues to be a hot topic in the United States with high profile indictments of company executives, the loss of billions of dollars of shareholders’ money and, in some cases, the loss of thousands of jobs. This news story covers some of the key developments to date, providing the background for our centre-page feature on revenue recognition.

On 21 May 2004, an important new duty relating to the identification and management of asbestos in "nondomestic" premises came into force. It has important implications for property owners, occupiers and managing agents

Is the amended Warsaw Convention was a passenger’s exclusive cause of action against an air carrier?

Should a party fail to comply with the contractual limitation period for challenging the cancellation of a contract by way of arbitration, it will also be precluded from challenging the cancellation before the English court.

Suppliers of bunkers would be well advised to give shipowners early notice of any claim to goods after the High Court found that a shipowner acquired good title to bunkers purchased from its charterer, which was in possession of, but had not actually paid for, the bunkers.

During December 2008, the European Parliament took a major step towards ratification of the Cape Town Convention and its Aircraft Protocol.

On 13 January 2006, Vietnam held a ceremony to mark the 50th anniversary of commercial aviation operations in the country. The Vice Minister of Transport and Communications, Nguyen Tien Sam, who also heads the Civil Aviation Authority of Vietnam (CAAV), officiated at the event in the nation’s capital Hanoi.

Rehder v Air Baltic (Judgment of the European Court of Justice, 9 July 2009 Case C-204/08).

Axel Walz v Clickair S.A, Opinion of Advocate General, Case C 63/09, 26 January 2010.

A ship buyer succeeded in its claim to rescind two shipbuilding contracts following the shipbuilder's failure to comply with the agreed sea trial dates.

Since the European Union signed the Montreal Convention in 1999, Community institutions have been trying to secure the unusual step of simultaneous ratification by all Member States and by the Community.

Under English law it has been long established that a change of economic and/or market circumstances is not regarded as being a force majeure event. In a recent case, a defendant sought to challenge that position.

In a recent first instance decision, the West London County Court has ruled on the rights of and remedies available to passengers following cancellation and delay of separate scheduled passenger flights due to wildcat strike action at Barcelona airport.

Compromise agreements, if properly drafted, constitute a valid waiver of statutory and contractual claims that an individual may have against their employer or former employer, in return for almost invariably a cash payment.

The Court of Appeal confirms that English courts may impose anti-suit injunctions in respect of foreign proceedings to prevent a breach of an arbitration agreement even in circumstances where there is no actual or intended arbitration.

The Commercial Court reverses six arbitration awards and holds that no binding contracts were formed between the parties in the absence of contracts prepared and signed in accordance with terms agreed during negotiations.

TTMI challenged the decision of an arbitrator to strike out its claim against Statoil ASA (Statoil) on the ground that there was no contract between the two parties and therefore no arbitration agreement.