Advantage Litigation News & Updates
From time to time we will post news articles and announcements relating to the firm and to various legal issues that may be of interest to you.
Latest News
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Noel Edmunds in £5m Compensation Payout From Lloyds
Well known celebrity and TV star Noel Edmonds, presenter of Channel 4’s hit show ‘Deal or No Deal’, has reached a financial settlement with Lloyds Banking Group (‘LBG’) following a long and protracted legal action. Edmonds, 70, originally sued LBG for £60m after his Unique Group business was destroyed as a result of a large scale, systemic fraud between 2003 and 2007 at an HBOS branch in Reading. LBG, which acquired HBOS in 2009, has not revealed details of the settlement but it is believed to be around £5m. LBG has issued an apology for the distress caused to Edmonds as a result of the £245m loans fraud at the HBOS branch. After a lengthy investigation, six former HBOS staff were jailed in 2017 for their involvement in destroying a number of small businesses and illegally spending the proceeds of their... Read More
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Legislative changes for Brexit - progress being made, but time is running short
A recent report from legal information providers Thomson Reuters provides an insight into the volume of Brexit-related legislation in the run up to the current (until further notice, of course..) ‘Brexit date’ of 31st October 2019. In the first six months of this year, 488 pieces of legislation were passed relating to changes in laws to cover the UK’s exit from the European Union. In comparison, only a single piece Brexit-related legislation was passed during the same period in the previous year. However, even though the volume of legislation may provide some comfort that many of the significant legal challenges involved with the Brexit process are being addressed, there are still three vitally important Bills that need to be passed before the 31st October: • The Financial Services Bill – which is designed to grant the government powers to implement future EU... Read More
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Garage producing fake Ferrari’s and Lamborghini’s discovered in Brazil
In one of the more blatant – and frankly comical - examples of infringing a brands copyright and intellectual property rights, a garage in Brazil has recently been raided and closed down by police after it was found to be producing replicas of well-known supercars from manufacturers including Ferrari and Lamborghini. According to the Associated Press agency, the raid in the Santa Catarina state took place following a tip-off from one of the famous Italian brands. The police discovered eight vehicles in various degrees of completion, along with tools, bodywork moulds and an extremely comprehensive selection of spare parts. Brazilian police say that it’s not clear how many finished vehicles may have rolled out of the garage, or how many may already be in the hands of buyers. The father and son duo who ran the operation have been arrested on... Read More
