Owner of collapsed lender MFS hit with freezing order Markets The owner of a collapsed shadow bank has been hit with a worldwide freezing order after his firm faced fraud allegations. Paresh Raja, founder of Market Financial Solutions (MFS), has been told by courts in London and Dubai to give details of all his assets worth more than £10,000 and cannot spend more than £5,000 [...]
City of London unveils £600m Justice Hub at Salisbury Square Legal The City of London Corporation is topping out the new flagship building, dubbed London’s new ‘Justice Quarter’, which features 18 courtrooms at Salisbury Square. The City’s £600m investment, which will serve as the new headquarters for the City of London Police, aims to enhance capacity in the criminal justice system, resulting in faster outcomes for [...]
Infrastructure strategy: Hospitals and schools focus of funding push Politics The government will plough £10bn a year into restoring Britain’s crumbling schools, hospitals and prisons as part of a long-awaited infrastructure strategy outlining the state’s investment priorities over the next decade. Over £6bn a year will be devoted to hospital maintenance over the next decade, in a move that the Treasury said will cut waiting [...]
Umbro owner at Supreme Court over football boot logo row March 17, 2025 Umbro's owner is at court seeking to fight off an appeal over a ruling in its favour over the similarity between its logo and an online footwear brand
Close Brothers restarts motor finance lending following landmark ruling November 21, 2024 Close Brothers has restarted its motor finance lending practice a month after a landmark court ruling over the legality of its business. On 25 October, a court ruled that a broker could not lawfully receive a commission from the lender without obtaining the customer’s fully informed consent to the payment, sending the entire motor finance [...]
Mozambique victorious in UK lawsuit tied to ‘tuna bond’ scandal July 29, 2024 The Republic of Mozambique has succeeded in its lengthy $2bn (£1.5bn) High Court battle with an Emirati-Lebanese shipping company Privinvest over allegations it paid bribes in what has become known as the 'Tuna Bonds' scandal.
The Notebook: Can Labour reform public services? The early signs are encouraging July 17, 2024 Today’s King’s Speech is when Labour’s airy rhetoric of change hits the hard reality of legislative grind, writes Neil Bennett.
All rise (up)! Politicians have been silent on the criminal justice crisis – that must change June 23, 2024 The criminal justice system is at breaking point. But as the general election draws near, there has been near silence from our politicians on this crisis. Maria Ward-Brennan argues this has to change
HMRC tax dispute with EY over Tory donor’s affairs on hold for settlement talks May 24, 2024 HMRC's tax dispute with accounting firm EY and Jamie Ritblat, a British property investor and Tory donor, has been placed on hold as settlement talks take place, City A.M. has learned.
Legal regulator prepares to recover costs from boss of collapsed firm Axiom Ince May 22, 2024 The UK's legal regulator is preparing to recover funds from the boss of collapsed law firm Axiom Ince, according to new court filings.