Marks & Clerk fails in bid to throw out group ‘opt out’ claim relating to alleged secret commissions

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Clyde & Co secures victory for top barrister in tax scheme claim by ex-footballers and law firm partners

A settlement has been reached in a claim funded by an unnamed “well-known and sophisticated litigation funder” on behalf of a group of 123 wealthy individuals, including former England footballer Wayne Rooney, against a senior tax barrister relating to a film finance tax scheme. The terms of the settlement include a dismissal of all claims without any payment to the claimants, and an almost £1 million payment to the barrister in respect of his costs.

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Reed Smith advises Aristata Capital on formation of Soros-backed impact litigation fund

Reed Smith has advised London-based Aristata Capital on the first closing of its debut impact litigation fund that is designed to improve access to justice and finance claims across a range of sustainability issues. The Aristata Impact Litigation Fund secured almost £40m of investor commitments, including from Capricorn Investment Group’s Sustainable Investors Fund and the Soros Economic Development Fund.

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