Tom Hayes: Court upholds Libor conviction as top MP warns London now an ‘outlier’ March 27, 2024 The Court of Appeal has upheld the conviction of former Libor trader Tom Hayes today after he spent years in prison for rate-rigging – with one MP saying the decision made the capital an “outlier” compared to other financial capitals. On Wednesday, Lord Justice Bean read out a press summary at the Court of Appeal, [...]
ENRC: Court refuses SFO bid to appeal rulings in legal battle with Kazakh mining firm March 27, 2024 The Commercial Court rejected the UK anti-fraud agency’s application to appeal two recent decisions in the long-running ENRC litigation. The Serious Fraud Office (SFO) has been involved in the long-running dispute by the Kazakh mining firm Eurasian Natural Resources Corporation (ENRC) after it launched an investigation into it over alleged bribery and corruption back in [...]
SFO: Fraud agency seeks to appeal two rulings in long-running ENRC dispute March 26, 2024 The UK anti-fraud agency has applied to the court on Monday for permission to appeal two recent decisions that found it liable, as the long-running ENRC litigation battles on. The Serious Fraud Office (SFO) was found by Mr Justice Waksman to be liable for a legal bill back in December. The SFO has been involved [...]
Julian Assange: Ruling on right to appeal US extradition delayed March 26, 2024 The legal battle over the extradition of Julian Assange has been in and out of court for several years. The Australian-born editor faces a 175-year jail sentence in the United States.
Magistrates call for urgent reform to ‘unfair’ fast-track prosecutions March 26, 2024 Magistrates have called for urgent reforms to be made to fast-track prosecutions in the UK, which campaigners have labelled as "fundamentally unfair".
Clyde and Co preps arbitration claims against Switzerland for Credit Suisse bondholders March 25, 2024 Now, one year on, Clyde and Co is set to get in on the action. It has laid out plans to hold the Swiss state "accountable for breaching its international investment agreements" after it wrote the bonds down to zero.
Apple sued by US justice department over antitrust law violation claims March 21, 2024 The US Justice Department has launched an antitrust lawsuit against tech giant Apple over allegations of the company violating antitrust laws. The lawsuit was filed to a federal court in New Jersey, in addition with 16 State Attorney Generals, along with the District of Columbia. The Department of Justice held a press conference on Thursday [...]
MoJ brings forward litigation funding Bill to green light the multi-billion pound industry March 21, 2024 The UK government has introduced a litigation funding bill this week, that if passed, will reverse a ruling by the Supreme Court last year. Last July, the Supreme Court in the so-called PACCAR case handed down a decision that left the litigation funding sector in a state of confusion. The highest court in the UK [...]
Mazars: UK business reports third straight year of double-digit growth March 20, 2024 Mazars has reported that its UK business saw a third straight year of double-digit growth despite tough economic conditions and competition within the sector.
Prudential hikes dividend thanks to profit growth following ‘relentless focus’ on new strategy March 20, 2024 The Asia-focused insurer announced a second dividend of 14.21 cents per share, making a full year dividend of 20.47 cents.