‘The government aren’t the experts’: Liberal Democrats vow to push back controversial Pension Schemes Bill
Rishi Sunak’s wife hits back at claims she uses non-dom status to avoid paying UK taxes April 6, 2022 Rishi Sunak’s wife has hit back at claims that she took up “non-dom” status to avoid paying UK taxes. Akshata Murthy, the daughter of Indian tech billionaire N.R. Narayana Murthy, has claimed she has been forced to take up “non-domicile” status, due to not being able to hold dual citizenship under Indian law. The billionaire [...]
Venture capitalist Julie Meyer to appeal six-month suspended sentence for Contempt of Court April 6, 2022 Venture capitalist Julie Meyer MBE is appealing the High Court’s decision to hand her a six-month suspended sentence, after she was held in Contempt of Court following a £197,000 dispute with London law firm Farrer & Co. The appeal comes after the High Court issued a warrant for the businesswoman’s arrest, after she refused to hand over [...]
London judge slams New York law firm Cleary Gottlieb for charging more than £1,100 an hour April 6, 2022 A London judge has slammed US law firm Cleary Gottlieb Steen & Hamilton for charging its clients more than £1,100 an hour. In a short ruling today, Court of Appeals judge Lord Justice Males spoke out against the white shoe law firm, after it charged Korean electronics company LG as much as $1,475.75 (£1,131.75) an [...]
Russian oligarch is continuing to use law firm’s address without permission, company says April 6, 2022 Scottish corporate law firm Burness Paull has claimed a Russian oligarch is continuing to use its address, without its permission. The claims come after it emerged that Alexey Krapivin – who is accused of using a network of shell companies to channel billions of dollars out of Russia’s state-owned railway operator – is in control [...]
Clifford Chance paid working class staff 44.1 per cent less than employees from professional families April 6, 2022 Employees at Magic Circle law firm Clifford Chance, whose parents work as plumbers, electricians, or train drivers, took home significantly less pay in 2021 than staff whose parents work as teachers, accountants or solicitors. Clifford Chance employees from working class families earned 44.1 per cent less last year than staff at the law firm from [...]
Invoice scams lead to more business losses than any other type of fraud, new figures show April 6, 2022 UK businesses lost more money to fraudsters using “invoice scams” in the last three months than to criminals using any other form of swindle, new data from Barclays shows. Most (55%) of the money lost to scammers between December 2021 and February 2022 was lost through invoice scams, the figures show, as invoice scams – [...]
Government’s online divorce portal could crash as ‘no fault’ divorce laws come into play April 6, 2022 Landmark reforms allowing for “no fault divorce” could lead surge in the number divorce filings that could crash the government’s new online divorce portal, lawyers have warned. The introduction of new laws, allowing married couples to divorce amicably without blaming either partner, could see a jump in the number of divorces due to a release [...]
Grant Thornton set to earn millions from Russian oligarch’s bankruptcy proceedings April 5, 2022 Grant Thornton is set to earn millions through its work on behalf of a consortium of Russian financial institutions, in carrying out bankruptcy proceedings against billionaire banker Anatoly Motylev. The accountancy giant could earn as much as £10m in fees, which will be paid for out of any recovered assets, after the High Court put [...]
EY to double size of consulting team by hiring 5,100 consultants over the next four years April 5, 2022 Big Four accountancy firm EY is set to double the size of its UK consulting team, by hiring 5,100 new consultants over the next four years. The accountancy giant said it plans to double the size of 5,100 strong consulting team, with a view to having more than 10,200 consultants on its books by 2026. [...]
Surging living costs and remote working could create perfect burnout storm April 5, 2022 More than two-fifths (43 per cent) of UK employees feel more isolated while working from home, polling from tech company Asana shows. At the same time, 42 per cent said remote working has meant they no longer have a clear start or finish time during their working day. The study shows that UK workers waste [...]