The danger of more wide-ranging sanctions has already caused BP to issue a warning of "material adverse impact" to its business, and the prospect of sustained, worldwide litigation against Rosneft in the wake of the Hague ruling only adds further cause for uncertainty and concern.If anything, the ruling is an expensive lesson.
Given the high cost of rate courts, their rates are arguably more a product of who can afford to sustain the litigation rather than fairness for songwriters.
The chief judge wrote that "the only purpose of this litigation is for counsel and plaintiffs to act out their fantasy of persecution, to validate their pretensions to policy expertise, to make themselves consequential rather than marginal, and to raise funds for self-sustaining litigation".
We didn't have litigation.
Usually, he wins, as he did recently in his arguments against the first part of Giuliani's plan — the city will have to wait to start kicking families out of shelters.... "The highest calling," he said, summing up the principles that have sustained him through years of litigation, "is to do justice — to trouble the comfortable and comfort the troubled".
Typically, the fund that sustains the largest loss is the lead plaintiff in any litigation.
"In light of extensive government disclosures about the T.S.P., the government is hard-pressed to sustain its claim that the very subject matter of the litigation is a state secret," the court said in its ruling.
Related: Alton Towers to partially reopen as litigation over rollercoaster crash begins Her boyfriend, 18-year-old Joe Pugh, sustained two broken knees and extensive hand injuries in the crash, the hospital said.
In a statement, David J. Lesar, Halliburton's chairman and chief executive, said: "Moody's has taken this step mainly because of concerns about asbestos-related litigation following several unusual awards that we believe will not be sustained by the appellate courts".
