London Stock Exchange’s FTSE 100 plunges by more than 200 points as Ukraine war heats up rapidly February 24, 2022 The London Stock Exchange’s leading FTSE 100 index plunged more than 200 points, or 2.7 per cent, within moments of opening in reaction to Russia’s invasion of Ukraine. In response to the situation in Ukraine, Boris Johnson is leading a crisis meeting of senior ministers and officials to consider how to respond to Vladimir Putin’s [...]
Disbelief Home Office is scrapping ‘Golden visas’ for wealthy foreign as scheme raked in £17bn February 21, 2022 Industry experts have responded with disbelief to last weeks’ news that the Government is set to scrap a visa scheme that offers investors fast-track residency in the UK as ministers come under mounting pressure to sever economic ties with Russia. The fast-track investor scheme, introduced in 2008, was designed to tempt wealthy investors from outside [...]
Mining giant Vale accused of knowing ‘something wrong’ in Guinea iron ore deal February 18, 2022 BRAZILIAN mining giant Vale withdrew a $1.85bn High Court claim against billionaire Beny Steinmetz over an iron ore venture in Guinea just days before Steinmetz’s lawyers were due to present evidence which alleges that the Vale board knew there was “something dodgy” in a deal to procure mining licences in the country, City A.M. understands. [...]
Supreme Court rules suspects have the right not to be named in criminal investigations in a ‘severe blow’ to the media February 16, 2022 The Supreme Court has ruled that suspects in a criminal investigation have the right not to be named by the press until charges are brought in a “severe blow” to the media’s role as the eyes and ears of the public It comes after Bloomberg lodged an appeal to the court after an unnamed businessman, [...]
Small London law firm seeks to compete with Magic Circle by appointing its own ‘fertility officer’ February 14, 2022 A small family law firm, with offices in Clapham, Hammersmith, and Islington, has become the first UK company to appoint its own “fertility officer,” as it seeks to compete with larger rivals that have begun offering highly expensive fertility benefits. London law firm Burgess Mee has named surrogacy law specialist, Natalie Sutherland, as its first [...]
New research shows pandemic causes surge in gambling addiction in women February 14, 2022 The pandemic has led to a wave of gambling addictions in people with no history of addiction - particularly single mothers - a new report by the Centre for Labour and Social Studies (CLASS) has revealed.
Police watchdog tells Met to revisit complaint by Caroline Flack’s mother February 14, 2022 The police watchdog told the Metropolitan Police to revisit Caroline Flack’s mother’s complaint that her daughter’s fame impacted police behaviour two years after the Love Island host’s death. A spokesman for the Met told the BBC that the Independent Office for Police Conduct (IOPC) has instructed the police to reinvestigate an aspect of the old [...]
Law Society’s pay gap has gotten wider through Covid as men fill higher paying jobs and take home bigger bonuses February 9, 2022 The Law Society and the Solicitors Regulation Authority’s (SRA’s) gender pay gap has widened since the start of the pandemic, according to new figures from the trade body. On average, men were paid 11.5 per cent more than women in 2021, and received 23.2 per cent larger bonuses. By comparison, men only received 10.6 per [...]
Mayor of London calls for register of overseas property ownership to tackle money laundering February 6, 2022 The Mayor of London has called for a register of overseas property ownership to crack down on London being used for international money laundering. Properties in the capital owned by overseas individuals and firms could be sheltering billions of pounds of undeclared funds, Sadiq Khan said. It comes as a report by cross-party MPs found [...]
Meet Julien Martinet: The savvy lawyer who poached an entire team from law giant Hogan Lovells February 5, 2022 Julien Martinet this week hit the headlines for leaving Hogan Lovells, one of the biggest law firms in the world, to start his own specialist litigator, Swift Litigation – and taking his entire team of lawyers with him. Martinet’s departure from Hogan Lovell’s came after former Boies Schiller Flexner partner Natasha Harrison left the New [...]