UK fraud office faces hefty bill after court finds wrongdoing led to ENRC bribery probe December 21, 2023 The Serious Fraud Office (SFO) faces a hefty multi-million pound bill after the High Court ruled today that the agency would not have opened an investigation into a Kazakh mining firm but for the wrongdoing of its officers.
Financier of London restaurants jailed after Italian fraud trial December 21, 2023 The financier behind a collapsed chain of London seafood restaurants has been sentenced to six years in prison in an Italian fraud trial that has rocked the Vatican. Gianluigi Torzi, the man responsible for the Seasons chain of fish restaurants, was sentenced alongside Cardinal Angelo Becciu, the most senior Catholic Church official ever to stand [...]
The multibillion pound court battle keeping the City’s law firms busy December 21, 2023 Aircraft leasing companies immediately turned to their insurers after their planes were stranded in Russia. But their refusal to cough up has set up a multi-billion pound court showdown.
UK firms not prepared for ‘seismic’ change in corporate liability law, lawyers warn December 20, 2023 The majority of UK companies are not prepared for the “seismic” change in corporate liability law that is set to come into effect next week, top City lawyers have warned.
Founding member of the Lib Dems appeal dismissed as court rules evidence ‘not sufficient’ December 19, 2023 High Court has thrown out an appeal by a founding member of the Lib Dems, who claimed that she had been targeted online by a fictitious persona.
Spilt milk: court sides with vegan Oatly in trademark dispute December 19, 2023 Swedish alternative dairy company wins battle to use word milk in its marketing
Apple races to salvage watch business amid US ban threat December 19, 2023 Apple engineers are racing to modify the software which powers the company's smart watches as the US looks to ban the products.
Magic circle law firm reducing working week (and pay) in new flexibility scheme December 18, 2023 A magic circle firm is incorporating a scheme to give lawyers the option to work shorter hours for less money. Slaughter and May confirmed confirmed its job design scheme which enables eligible associates to reduce to either a 0.9 or 0.8 full-time equivalent, with pay and holiday entitlement pro-rated accordingly. The magic circle firm was [...]
Exclusive data: 2024 sees rise of ESG, group actions and insolvency disputes December 18, 2023 London litigation lawyers predict environmental-related cases, group actions and insolvency disputes to increase next year. In exclusive data shared with City A.M. from the London Solicitors Litigation Association (LSLA), the majority of litigants surveyed (65 per cent) envisaged an increase in environmental/environmental, social, and governance (ESG) claims. John McElroy, a committee member of the LSLA [...]
Prateek Gupta fails to overturn worldwide freezing order in Trafigura dispute December 15, 2023 Entrepreneur Prateek Gupta's application to remove the worldwide freezing order failed after the High Court ruled evidence used did not provide "any real support" for the case.