Hedge fund trader should stand trial in Denmark over £1.5bn tax fraud scheme, court rules September 20, 2022 A British hedge fund trader should stand trial in Denmark over claims he helped defraud the country’s tax authorities of more than £1bn, Westminster magistrates court has ruled. A London judge said trader Anthony Mark Patterson should be extradited to Denmark to face two charges concerning his alleged role in the £1.5bn tax fraud scheme, [...]
Trade unions launch legal challenge against UK government’s ‘strikebreaking’ law September 20, 2022 Eleven trade unions, including RMT, Unite and GMB, are seeking permission for a judicial review to overturn the UK government’s strikebreaking law, which lets firms bring in temporary staff to replace striking workers. The trade unions are seeking permission for a judicial review in arguing the law breaches Article 11 of the European Convention of [...]
Deloitte to recruit 3,500 new consultants in £220m hiring spree September 20, 2022 Deloitte is set to hire 3,500 new consultants as part of £220m plans to capitalise on surging demand for advice as businesses seek to navigate the digital and green transitions. The hires will see the Big Four accountancy firm’s increase the size of its consulting workforce by 40 per cent over the next half a [...]
KPMG’s Dubai partners urge global leadership to suspend Emirati bosses September 17, 2022 A group of senior partners at KPMG’s Dubai business have called on the Big Four accounting firm’s global leadership to suspend bosses at its UAE division, over allegations of nepotism, cronyism, and a culture of fear within the firm. The Dubai partners are calling on KPMG International’s top executives to parachute in a temporary chief [...]
Seek legal advice for your business from a top law firm September 16, 2022 In need of legal support? Acuity Law offers business-to-business legal services throughout the UK and internationally. It comprises a team of commercial lawyers, passionate about delivering accurate legal solutions. The firm takes pride in the quality of its clients, as well as the speed and precision with which the team gives advice. With an entrepreneurial [...]
Barclays faces £40m lawsuit over breast implant scandal September 16, 2022 Barclays is facing a £40m High Court lawsuit over claims it dishonestly transferred assets, owned by one of Britain’s largest cosmetic surgery providers, to prevent women who were given dangerous breast implants from receiving compensation. The High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital [...]
Auditor to Sanjeev Gupta’s metals empires cuts ties to at least two key firms September 15, 2022 The little-known firm responsible for audits the accounts of Sanjeev Gupta’s metals empire has resigned from at least two of the embattled magnate’s core firms, following the launch of a probe in May. Two-office accounting firm King & King has resigned as auditor from Liberty Specialty Steels and Liberty Steel Dalzell, Companies House filings show. [...]
Lloyd’s of London closes underwriting room to remember Queen Elizabeth II September 15, 2022 Lloyd’s of London today closed its underwriting room to hold a memorial to Queen Elizabeth II and mark the accession of King Charles III. The centuries-old insurance marketplace closed the underwriting room in its iconic City headquarters, as it held a ceremony to remember Her Majesty and express support for the new King. The ceremony [...]
Lawyers should be ‘ethically obliged’ to inform clients of climate risks, open letter says September 15, 2022 Lawyers have said the legal sector should be forced to inform their clients of the legal risks of investing in projects that are inconsistent with efforts to keep global warming below 1.5˚C In an open letter, more than 100 top lawyers called on regulators to ensure solicitors and barristers are “ethically obliged” to advise their [...]
Keystone Law ready to poach lawyers hit by downturn, firm chief James Knight says September 15, 2022 Keystone Law’s head has said the listed law firm is readying itself to profit on the looming economic downturn, with a view to poaching lawyers laid off from other firms. Speaking to City A.M. Keystone chief executive James Knight said the remote-first law firm is ready to pick up those lawyers facing heightened pressure to [...]