Category Archives: Commercial

Apple Faces Lawsuits in Russia

A large number of iPhone owners from Russia are planning to file dozens of lawsuits against Apple after the firm admitted to having reduced the processing speed of older phones.

The first batch of lawsuits is likely to be filed this week in the Moscow court by consulting lawyers of the leading law firms, Lex Borealis and National Legal Finance Group (NLF). Lex Borealis has agreed to provide legal support to the litigants and the NLF Group would cover the legal expenses in return for a chunk of potential compensation.

Rusoro Mining Completes Funding Agreement and Ramps Up Enforcement and Collection Efforts

VANCOUVERJan. 16, 2018 /CNW/ – Rusoro Mining Ltd. (the “Company” or “Rusoro”) is pleased to announce that it has closed on a Funding Agreement that provides the Company with additional litigation funding of up to USD $7M. The Company intends to use the funds in its continuing efforts to enforce the USD $1.3 billion arbitration award it was awarded as a result of Venezuela’s unlawful expropriation of its mining operations in that country. Venezuela has steadfastly refused to pay the arbitration award, which was issued on August 22, 2016 by a tribunal operating under the Additional Facility Rules of the World Bank’s International Centre for the Settlement of Investment Disputes.