FX rigging claimants win bitter-sweet certification ruling

The UK’s Competition Appeal Tribunal (CAT) ruled last week that the collective action, FX Claim UK, brought by Phillip Evans, can be certified. However, it said this should be done on an opt-in basis only, rather than the opt-out basis on which the action had been filed – a ruling which Evans and his legal advisers Hausfeld intend to appeal. The claim is on behalf of investors damaged by the unlawful rigging of foreign exchange markets between 2007 and 2013. Bench Walk Advisors is backing the claim. More from IPE.

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Interview with Ayse Yazir- Global Head of Origination, Bench Walk Advisors LLC

Ayse Yazir of Bench Walk Advisors shares her journey from working as a paralegal at a law firm to her current role as Global Head of Origination at Bench Walk Advisors, which has quickly become a global player in the market, having earned a no.1 ranking in Chambers & Partners and funded 155 cases in just four years. Ayse also reveals how her Turkish roots and inspiring family story have contributed to her success.

New Fundings

Apple, Google hit with collective claims in Portugal

Eskariam, a Spanish legal services company specialising in collective claims, is financing the early stage costs of collective competition claims against Apple and Google that have been filed with the Portuguese Competition Court. The claims aim to recover compensation of up to €198 million. Portuguese firms J+Legal and Cardigos are leading the claims, with support from Hausfeld and Eskariam.

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Competition Appeal Tribunal rejects Apple’s attempt to weaken collective lawsuit

In a significant development for millions who use Apple’s UK App Store, the Competition Appeal Tribunal has refused Apple’s attempt to limit the consumer claim led by Dr Rachael Kent, which alleges abuses of competition law that result in systematic overcharging for apps and in-app purchases by Apple. Dr Kent’s legal claim will now proceed in full to trial, putting added pressure on Apple amid mounting efforts around the world to hold it to account for alleged anticompetitive practices. Dr Kent is being represented by Hausfeld, with barristers from Monckton Chambers, Brick Court Chambers and 4 New Square. Vannin Capital is funding the claim.

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