Revolut account closure lawsuit from late Russian oligarch’s son-in-law struck out by High Court January 25, 2024 A High Court judge has struck out a case brought by the son-in-law of a late Russian oligarch against Revolut for "unlawfully" closing his account.
Bitcoin on trial in London: ‘Inventor’ offers settlement weeks before court battle January 25, 2024 The self-proclaimed inventor of Bitcoin has issued a settlement offer to all parties ahead of an upcoming London High Court case that will decide on the creator of the first ever cryptocurrency. Australian computer scientist Dr Craig Wright has long claimed to be behind the pseudonym Satoshi Nakamoto, the name used by the person who [...]
Post Office told the government it would oppose appeals of Horizon scandal victims January 25, 2024 The Post Office told the Government it would oppose appeals of half of the convicted sub-postmasters, days before PM announced a new law to exonerate victims. It was revealed by the Financial Times that ministers were privately told by the Post Office that they believed that in 333 cases, non-Horizon evidence supported the convictions. The [...]
No cloudy business: Aldi did not infringe Thatchers’ trademark over lemon cider January 24, 2024 Aldi did not infringe on Thatchers’ trademark with its cider lemon drink, a judge ruled today, bringing a sigh of relief to the low-cost supermarket’s busy legal team. The English cider brand launched legal action against Aldi back in September 2022 over its cloudy lemon cider. Thatchers called on South West law firm Stephens Scown [...]
It’s gin time: Aldi faces off with Marks and Spencer in court over light up bottle January 23, 2024 Aldi and Marks and Spencer are back in court today for round two of their fight over a light up gin bottle with gold flakes. Marks and Spencer launched an intellectual property legal action against discount supermarket rival Aldi back in 2021 over a gin. Marks and Spencer introduced a new line of gin based [...]
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with City A.M. shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.
Osborne Clarke drops signature from legal climate charter January 22, 2024 City headquartered law firm Osborne Clarke has dropped its signature from a legal initiative designed to support law firms with transition to Net Zero. Legal Charter 1.5 was an initiative developed collaboratively by a group of large City law firms ahead of London Climate Action Week last June. At the time, eight law firms were [...]
Grant Thornton UK elects 20-year veteran as new chief executive January 22, 2024 Grant Thornton UK has appointed its new CEO after Dave Dunckley stood down in a surprise early departure. The firm’s partners elected Malcolm Gomersall as the new CEO, subject to regulatory approval. He was already running the firm while the selection process took place. Gomersall was the firm’s chief operating officer, having taken on that [...]
Consultancy sector activity predicted to have single-digit growth over 2024 January 22, 2024 Activity in the consultancy sector is set to have single-digit growth this year, according to figures by the Management Consultancies Association (MCA). The latest survey conducted by the MCA reveals that activity in the sector grew by 11 per cent in 2023. The survey expects it to drop to 9 per cent this year but [...]
Bob Sternfels faces opposition to be re-elected as McKinsey boss January 21, 2024 McKinsey head Bob Sternfels' bid for re-election is reportedly facing internal opposition due to mass layoffs and a slowdown in growth during his tenure.