📰 Weekly News Review
Global Legal Group
Informing Legal Minds | We are an independent London-based legal media company committed to delivering pivotal insights
Global Legal Group newsletter cherry-picks the best of GLG’s three news strands – Commercial Dispute Resolution (CDR), International Comparative Legal Guides (ICLG) and Global Legal Insights News (GLI) – from the past week, all produced by our team of in-house journalists.
This week, we’ve examined the US courts' guilty ruling on Google for acting as a monopolist in violation of Section 2 of the Sherman Act, a petition for 'Valerie's Law' to be implemented into Irish legislation and the Law Commission's draft Digital Assets Bill which seeks to eliminate confusion surrounding the categorisation of digital assets as personal property.
US court says Google has a search monopoly
Google has been found guilty of acting as a monopolist which has spent years quashing its competitors through the abuse of its market dominance. A ruling made on Monday (5 August) by Judge Amit Mehta in the US District Court of the District of Columbia found that Google was in violation of Section 2 of the Sherman Act. Read more here...
Litigation funding gains traction in Italy
Litigation funding is rapidly emerging as a significant investment opportunity in Italy, with projections indicating a market value of approximately EUR 185 million currently and a potential surge to EUR 325 million by 2027. Read more here...
BRG expands litigation support services
Berkeley Research Group (BRG) has hired Ben Sheppard and John Boyer as directors as the business services provider continues its aggressive growth drive. Sheppard joins the firm’s Los Angeles forensic accounting and investigations team, while architectural engineer Boyer will augment BRG’s global construction practice in Miami. Read more here...
Petition launched to abolish Irish loophole threatening child safety
Valerie French Kilroy, a mother of three living in West Cork, was murdered by her husband James Kilroy in June 2019. Though James Kilroy was sentenced to mandatory life imprisonment, with a jury rejecting his not guilty plea for reason of insanity, he retains full parental responsibility rights of his three children. Read more here...
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Canada court issues important clarification in property dispute
In a decision which could hold profound implications for property law in British Columbia (BC) and across Canada, the BC Supreme Court has dismissed an application to cancel five Certificates of Pending Litigation (CPLs) against two properties, upholding a claim to an interest in the land. Read more here...
US media giants’ stand-off could cost Disney billions
Disney and Comcast are currently embroiled in a contentious dispute over the valuation of Hulu, with Disney potentially facing an additional payment of up to USD 5 billion to acquire NBCU’s 33% stake. Read more here...
India moves towards a comprehensive overhaul of banking laws
India’s finance minister has proposed a raft of amendments to existing legislation, some of which dates back to colonial times, to improve the competitiveness of the country’s banking sector. Read more here...
Draft Digital Assets Bill published by Law Commission
The Commission states the draft Bill will resolve any confusion surrounding the categorisation of digital assets as personal property, allowing common law to develop and the sector to flourish. Read more here...
AFME calls for regulatory overhaul to boost DLT adoption
The Association for Financial Markets in Europe (AFME), which counts the United Kingdom and every member state of the European Union as its members, has published a series of papers outlining the challenges and opportunities presented by distributed ledger technology (DLT) in the capital markets. The industry body is urging policymakers to overhaul regulations to facilitate the scaling of DLT-based solutions. Read more here...