Engineering company Dresser-Rand Co. urged a New York federal court Wednesday to order a subsidiary of Venezuela's state-owned oil company to pay $132.3 million owed under a defaulted bond, saying further delay will leave it at a disadvantage when trying to compete with other creditors.

The English courts need to determine whom the U.K. government formally recognizes as president of Venezuela before hearing any bid for forcing the release of €930 million ($1 billion) worth of the country's gold from the Bank of England's vaults, a London judge ruled Thursday.

London disputes law firm Signature Litigation LLP said Thursday it has snapped up the former head of the commercial disputes group at Freshfields Bruckhaus Deringer LLP as a new partner for its City office.

The U.S. Department of State has found that Hong Kong is no longer autonomous from China and should not be treated as though it is, a decision that could have sweeping implications for U.S. trade and diplomacy in the region.

A British Virgin Islands-based investor in a tech company that was found to be secretly running malware in people's mobile phones has asked a California federal judge to block the company from depleting its U.S. bank accounts as it pursues arbitration in Hong Kong to recover a nearly $14 million investment.  

The Justice Department urged the U.S. Supreme Court to overturn a D.C. Circuit ruling that revived a long-simmering fight over Nazi Germany's purchase of $250 million in medieval art, which descendants of the Jewish art dealers involved say had been stolen.

A potential impediment to Crystallex's efforts to seize shares in Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela was removed after the U.S. Supreme Court rejected the case, but the Canadian miner's legal woes are still far from over.

History suggests that legal malpractice claims will rise following the current economic downturn, and while a certain percentage of the claims will be unavoidable, there are prophylactic steps that law firms can take, says John Johnson at Cozen O'Connor.

Citgo Petroleum Corp. has accused a Venezuelan-American businessman and his company of running a bribery scheme it says caused Citgo to overpay millions of dollars for transactions with its parent company, Petróleos de Venezuela SA.

A Kansas federal judge has confirmed a $7 million arbitral award issued against a U.S. fertilizer sourcing company and its foreign affiliate following a sales contract dispute with a Singapore fertilizer manufacturer.