FRC opens probe into a member over the bankrupted Thurrock Council January 3, 2024 The Financial Reporting Council (FRC) has launched an investigation into the conduct of "a member" in relation to the bankrupted Thurrock Council's accounts.
Simmons & Simmons awarded £3m Bank of England legal contract January 3, 2024 The law firm won the BoE's flexible legal resourcing contract late last month, with a value up to £3m running for two years until 19 December 2025.
MoJ launches new court guide to boost transparency in the justice system December 30, 2023 People are being encouraged to “see how justice is done” with the launch of a new Government guide on how to attend court hearings. The Ministry of Justice (MoJ) hopes the “how to” publication will help people observe some of the two million or so court and tribunal hearings that take place each year. It [...]
See you in court: keep an eye out for the most interesting cases in 2024 December 28, 2023 Coming soon: Alleged confidential leaks, missing aircraft in Russia and alleged negligence by a Big Four accountancy firm
McKinsey defers partners’ bonuses as dealmaking dries up December 24, 2023 Partners at management consultancy McKinsey have reportedly voted to defer part of their bonuses as the company sees a slowdown in demand for its services amid a slump in corporate deals.
UK must promote English law brand as more contracts drawn up in Europe, City lawyers warn December 22, 2023 More must be done to promote the “brand of English law”, City Lawyers have warned, following concerns that major corporate contracts are being written up under laws in other European nations.
Amy Winehouse estate seeks £730,000 from friends in auction dispute December 21, 2023 The estate of Amy Winehouse is suing two of the late singer’s friends for more than £730,000 over claims they profited from selling her personal property at an auction, a court document has revealed. The star’s father Mitch Winehouse, as administrator of his daughter’s estate, is bringing the case against Naomi Parry and Catriona Gourlay at the High Court. [...]
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.