In the U.S. it's common practice for companies to divulge their employees' sins to prosecutors in exchange for leniency for themselves. Now, for the first time, the British Serious Fraud Office has confirmed that it's moving toward a similar approach.

Thomas Engel of Howrey and John Cooney, Jr., of Davis Polk worked together as federal prosecutors and became such good friends that they now serve as godfathers to each other's daughters. They always wondered what it would be like to practice together. Now they'll find out.

Four funds claim they lost $1 billion when they short-sold Volkswagen stock without knowing Porsche secretly owned almost 80 percent of VW's shares.

In this installment of excerpts from the Arbitration Scorecard, we look at a $10 billion dispute over smartphone technology and a $10 billion dispute involving a Turkish family's business empire.