Former Mishcon de Reya partner fined £17,500 for breaching anti-money laundering laws March 8, 2022 A former partner at London firm Mishcon de Reya has been ordered to pay £21,000 for his role in a money laundering scandal, which in January led to Mishcon being hit with a record £232,500 fine. The Solicitors Regulation Authority (SRA) fined former Mischon partner Michael Nouril £17,500 and told the M&A lawyer he must [...]
UK accountancy watchdog fines KPMG £1.25m over audit of bar chain Revolution March 8, 2022 Britain’s accountancy watchdog today fined KPMG £1.25m over its audit of bar chain company Revolution. The UK’s Financial Reporting Council (FRC) fined Big Four accountancy giant KPMG £1.25m and former-KPMG director Michael Neil Frankish £50,000, over failures in the audit of Revolution Bars Group’s accounts for the financial year 2015/16. The fines come after FRC [...]
Solicitors’ watchdog warns lawyers against using ‘abusive litigation tactics’ to silence valid criticism March 8, 2022 The solicitors’ watchdog has warned lawyers against working for clients seeking to use meritless lawsuits to silence criticism, in a crackdown on the use of Strategic Lawsuits against Public Participation (SLAPP). The Solicitors Regulation Authority (SRA) said lawyers have a duty to report situations in which they suspect the “underlying intention” of putting a lawsuit [...]
Deloitte becomes last of the Big Four to exit Russia March 7, 2022 Accountancy and audit heavyweight Deloitte has become the last of the Big Four to pull out of Russia, following its invasion of Ukraine – joining EY earlier today. PwC and KPMG announced similar moves last night, citing the Russian government’s actions in Ukraine. Deloitte confirmed last week that it was reviewing its “business and presence [...]
Norton Rose Fulbright cuts ties with Russia over ‘brutal invasion’ of Ukraine March 7, 2022 Global law firm Norton Rose Fulbright has confirmed it is shutting down its operations in Russia.
A growing list: TMF Group closes services to all Russian clients March 7, 2022 The TMF Group is to stop services to all Russian clients, it confirmed in a statement. The professional services group joins a growing list of businesses who have halted their operations in the country following its invasion of neighbouring Ukraine. The Amsterdam-headquartered firm said that as people and banks are added to sanction lists, from [...]
‘Appalling’ war prompts Linklaters to pull out of Russia and close down its entire Moscow office after 30 years March 7, 2022 Legal giant Linklaters confirmed to City A.M. it is closing down its entire Russian operations, after a presence of more than three decades. In an email, the Magic Circle law firm said that, after careful consideration and “as the appalling war in Ukraine continues, we will wind down our operations in Russia and close our [...]
Weekend Explainer: Why has Gordon Brown said Vladimir Putin should face a Nuremberg-style tribunal? March 5, 2022 Today, at an online event hosted by Chatham House, former UK prime minister Gordon Brown called on countries to set up a special tribunal, in line with the model used in the Nuremberg trials, to punish Vladimir Putin over Russia’s invasion of Ukraine. Speaking at the Chatham House event alongside Ukraine’s foreign minister Dmytro Kuleba, [...]
German court tells ResearchGate to take down academic papers following copyright lawsuit March 4, 2022 A German court has said academic social media website ResearchGate must take down research papers that were uploaded onto its website by academics, after ruling in favour of two academic publishers, who claimed ResearchGate’s activities break copyright laws. The Munich court said ResearchGate, which has 20 million users worldwide, must take down research papers that [...]
Eversheds cuts links with Russia after denying it works for oligarchs March 4, 2022 London law firm Eversheds has said that it is not currently working for the Russian government, Russian oligarchs, or the the Russian Federation’s state-owned firms, after vowing to cut links with Russia. In a statement, Eversheds said it now intends to refuse any offers of work from “Russian entities,” as it confirmed that all of [...]