Russia back at London court in long-running oil row Legal Russia is back at an English court today over a long-running battle with former shareholders of oligarch Mikhail Khodorkovsky oil company
UK’s top court puts final nail in FCA case against former Julius Baer staff Legal The Supreme Court has refused to hear a FCA appeal which brings an end to its unsuccessful case against three former employees of the Julius Baer Group
Private bank Julius Baer fined £18m over ‘corrupt’ dealings with Yukos Oil FCA The UK’s financial watchdog has fined private bank Julius Baer more than £18m over its “corrupt” dealings with Russian oil company Yukos Group. The UK’s Financial Conduct Authority (FCA) today fined Julius Baer’s international business £18,022,500 and sanctioned three of its executives, over the private bank’s use of third-party agents in carrying out business with [...]
Investors suing Russia say Kremlin will use law firm’s exit to delay $57bn Yukos Oil proceedings April 3, 2022 Investors suing the Russian state have raised concerns their case will be delayed after the New York City law firm acting on behalf of Russia exited the country and cut its ties with the Kremlin. A consortium of investors said they fear Russia will use delays to avoid paying a $57bn (£43bn) claim, by arguing [...]
Roman Abramovich used ‘barrage’ of legal threats to silence journalist, MPs hear March 17, 2022 A prominent British journalist has said she received legal threats from Roman Abramovich after she published a book laying out the oligarch’s links to Vladimir Putin. Reuters journalist Catherine Belton told MPs she received a “barrage” of legal threats from Russian oligarchs, including sanctioned billionaire Roman Abramovich and Everton backer Alisher Usmanov, after she published [...]
Dutch law firm nicknamed ‘the Kremlin office’ cuts ties with Russian government March 3, 2022 A DUTCH law firm, which came to be known as “the Kremlin office” due to the work it carried out on behalf of the Russian government, has cut its links to the Putin regime, in response to Russia’s invasion of Ukraine. Amsterdam headquartered firm Houthoff, which also has offices in the City, also vowed not [...]
Alibaba’s Jack Ma steps down from Softbank board May 18, 2020 Softbank has announced that Alibaba co-founder Jack Ma will resign from its board, in the latest high-profile exit for the technology group. The resignation of Jack Ma, after 13 years on the board, is the latest departure of critics of Softbank founder Masayoshi Son’s pivot towards a £100bn investment fund. Ma did not give a [...]
Dutch court reinstates $50bn Yukos award against Russia February 18, 2020 A Dutch appeals court today reinstated a $50bn (£38bn) award to shareholders in the now defunct oil giant Yukos. Yukos went bust in 2006 after its former chief executive Mikhail Khodorkovsky fell out with Russian President Vladimir Putin. The Russian government began demanding billions in back taxes from Yukos and the company was ultimately expropriated [...]
Laurence King, founder of the eponymous publisher, talks adult colouring books, soviets, Ezra Pound and anti-digital January 9, 2017 "We caused a shortage of felt pens in Brazil,” says Laurence King, founder of Laurence King Publishing, the creator of the original adult colouring book that sparked the recent craze. In 2013, the firm published the Secret Garden, illustrated by Johanna Basford. In the first two years, it sold 250,000 copies. “It was then we became [...]
Rosneft in deal to drill in the Arctic despite sanctions August 18, 2014 Rosneft, Russia's largest oil company, is about to drill for oil in the Arctic in tandem with a Norwegian company, despite the sanctions reaching for the Russian oil industry. Statoil is the firm in question: a state-run Norwegian company that will help Rosneft to drill in the Bering Sea. The site is inside the Artic [...]