UK fraud investigators serve notice on companies linked to mining magnate Sanjeev Gupta April 27, 2022 UK fraud investigators yesterday served notices at multiple addresses linked to mining magnate Sanjeev Gupta, just a day after French police raided Paris offices linked to the embattled steel tycoon. The UK’s Serious Fraud Office (SFO) yesterday issued Section 2 notices to trading addresses linked to the Gupta’s Liberty House Group of companies, requesting financial [...]
Online Harms Bill: Lawyers warn new rules will have ‘chilling effect’ and hit businesses unnecessarily hard April 27, 2022 Broad and far-reaching legislation to tackle online harms could place a major burden on companies, particularly small businesses, lawyers told City A.M. today. The Government’s Online Harms Bill, published in March, seeks to address illegal and harmful content on the Internet with the aim of safeguarding UK citizens online. Companies that don’t comply with the [...]
Thousands of consultants now working to achieve Chartered status, one year after qualification’s launch April 27, 2022 London consultants are increasingly seeking to certify their professional achievements by attaining Chartered Consultant status, following the launch of the professional qualification last year. More than 3,000 consultants are currently working towards gaining Chartered status, while more than 600 have already got it, according to new figures from the Management Consultancies Association (MCA). The news [...]
Billionaire financier Leon Black paid mistress millions for UK Golden Visa April 27, 2022 Billionaire financier Leon Black paid his Russian mistress £2m to make her eligible for a UK “Golden Visa”, in the hopes she would start a new life, far away from his home in New York. The co-founder of private equity giant Apollo Global Management transferred millions to his former mistress Guzel Ganieva after she began [...]
Top media litigator backs ‘naming and shaming’ oligarchs’ lawyers April 27, 2022 Naming and shaming lawyers who work for oligarchs is probably a more effective way of tackling lawfare than anything regulators are likely to do, a top media lawyer has said. Media litigator Adelaide Lopez said the “current PR campaign” against oligarch’s lawyers will likely have a more “powerful impact” than “anything the Solicitors Regulation Authority [...]
Bar Council experiences ‘technical difficulties’ after facing malicious cyber attack April 27, 2022 The Bar Council’s IT systems have come under attack by hackers, the barristers’ representative body said today. In a statement, the 128-year-old body said it had “suffered a malicious cyber attack,” as it said it had taken swift action to take its IT systems offline “in order to stop the attack and prevent any data [...]
Eversheds Sutherland strikes deal with Russian ‘relationship firm’ – made up of ex-employees April 27, 2022 Law giant Eversheds Sutherland has entered into an “exclusive” relationship with a newly-formed Russian law firm consisting entirely of its former employees just weeks after vowing to cut links with Russia in response to the country’s invasion of Ukraine. The London law firm said all of its Russian lawyers had transferred to its newly launched [...]
Five London police officers face gross misconduct charges over stop and search of Bianca Williams and Ricardo Dos Santos April 27, 2022 Five Metropolitan Police officers are to face gross misconduct proceedings over the stop and search of athletes Bianca Williams and Ricardo Dos Santos. The couple were stopped in Maida Vale, west London on July 4 2020 while travelling with their baby in a car, and were both handcuffed and searched. The officers will face a [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
Sanctions are having ‘profound’ impact on London insurers, expert tells MPs April 26, 2022 The sanctions imposed on Russia are having a “profound” impact on London’s insurance sector, a leading insurance expert has told MPs. London insurers are struggling to keep on top of complex sanctions legislation and have resorted to taking an extremely cautious approach, the insurance chief said. “The volume of the legislation that’s been coming [...]