News
Financial Arbitrator to Rule in Favor of Our Clients over Unsuitable CFD Investments; Enforcement proceedings underway.
We are happy to announce that in two similar cases the Czech Financial Arbitrator (“Finanční arbitr”) ruled in favor of our clients who sustained singificant losses in CFD trading. In the first case, the arbitrator ruled that the Cypriot broker Top Markets Solutions Ltd (ex Teletrade-DJ International Consulting Ltd) failed to manage client’s portfolio via […]
Win over the world’s leading CFD trading provider
We are thrilled to announce that we represented a Czech client in recovering over USD 200,000 from unauthorised actions taken by the UK’s branch of the leading CFD provider, IG Markets ltd. The proceedings took place before a Czech court of law where both Czech and English laws were applied.
The largest betting company in the Czech Republic (Tipsport) caught in a lie during a court proceedings
The appellate court in Prague upheld the district court decision ruling in favor of our client against the biggest betting company in the country. The client placed a bet on the winner and yet the company cancelled the bet, returning him only the deposited funds. The company relied on the “sure bet” clause enabling betting […]
Tinder users fall victim to financial scammers
A number of victims of financial scams have reported to us they were lured by the scammers on dating applications. Martin has co-operated with a leading Czech newspaper to reveal the particulars of the practices. The article is available HERE .
Unauthorised provision of investment services to be considered by a criminal court
First, we assisted our client with the recovery of his damages against suspicious and unregulated investment advice. As the case unfolds, we also take part in the criminal proceedings against the alleged unauthorised investment activity based on more clients of the accused/defendants.
Australian CFD provider to pay our client over USD 171,000
Our client is to receive over USD 171,000 under an arbitral award issued by an Australian arbitrator against an ASIC-regulated CFD provider which was condemned for taking unauthorized measures with the client’s profitable trades.
Court of Justice of the EU interprets the term “consumer” in our client’s favor
In one of our leading and most prominent pending cases, we have represented our client before the Court of Justice of the EU in relation to a preliminary question posed by the Supreme Court of the Czech Republic. The question centers on the interpretation of the notion “consumer” under Article 17 of the Brussels Regulation […]
CHANCE, s.r.o., a leading Czech betting company, to pay our clients over unlawfully cancelled bets.
Our clients made bets on tennis games which were cancelled based on an alleged error in listing the bets from the part of CHANCE, s.r.o. The clients first filed a complaint about the conduct of the betting company only to find out they were denied their profits. In first of such cases, we successfully represented […]
An ASIC Regulated Broker to Pay over USD 100,000.00 in an Australian Arbitration
We have represented a CFD trader who was denied his investment profits. The arbitrator ruled that the CFD provider unlawfully withheld over USD 100,000.00 from the client, based on the principles of equity under Australian law.
Successful lawsuit in Prague courts over latency arbitrage accusations
We have assisted a CFDs investor to prevail in a litigation against a CFDs provider who deleted the client’s profits based on accusations of breach of contract, in particular the abusive trading method of latency arbitrage. Both court instances found that the CFDs provider had failed to support its contentions with the requisite evidence and […]
