London’s status as a safe haven for dirty foreign money relies on our own complicity February 4, 2022 For a decade, Zamira Hajiyeva, the wife of a jailed Azerbaijani banker, spent an average of £4,000 a day in Harrods. It was only in 2019 that the law finally caught up with her £16m Harrods bill. Her unexplained wealth – including a £12m Knightsbridge house – are set to be seized. Hajiyeva is a [...]
CMA slaps pharma firms with £35m fine for illegal anti-nausea tablet arrangement February 3, 2022 Four pharmaceutical firms have been hit with an eye-watering £35m fine for an illegal arrangement in the supply of prescription NHS tablets.
The rallying cry of levelling up has been cash-strapped and watered down February 3, 2022 People deserve to live in a country where life is not a postcode lottery, says Michael Gove in the foreword of the much awaited flagship plan for levelling up unveiled yesterday. This is one of those recycled truisms we hear again and again in politics. The same could be said for much of the white [...]
Battle for legal talent continues as even more law firms join the fray January 27, 2022 Major law firms DLA Piper, Duval & Stachenfeld, and Winston & Strawn have all decided to match Milbank in offering salaries of $215,000 (£160,500) a year. Chicago headquartered litigator Winston & Strawn yesterday said it would boost salaries paid out to its newly qualified associates by $10,000 a year, to match Milbank’s offer to new [...]
£150,000 salaries are “out-of-control” and will see lawyers burn out before they hit 30, top in-house lawyer says January 25, 2022 One of Britain’s most prominent in-house lawyers has said the “eye-watering sums” being paid out to newly qualified lawyers have gotten “out-of-control,” whilst claiming that solicitors on £150,000 salaries will burn out “before they hit 30.” The comments come after New York headquartered law firm Milbank last week upped the stakes in the battle for [...]
Metropolitan Police told to pay £230k to eco-activist tricked into relationship by undercover police officer January 25, 2022 The Metropolitan Police have been told to pay £230k to an environmental activist who was deceived into entering a long-term relationship with an undercover police officer, who had been sent out to gather intelligence on protest movements. The Investigatory Powers Tribunal ordered the Metropolitan Police to pay £229,471.96 for breaching the activist’s human rights, after [...]
Nebeus: Crypto businesses need a regulatory association to combat fraudulent activity January 24, 2022 Legal systems globally are overwhelmed with reports of suspected cryptocurrency fraud, which have more than doubled this year. As CEO of a crypto-backed lending platform, I have seen how we and other crypto businesses are on the front line when it comes to preventing, policing and flagging suspected fraudulent activity. The dissociation between the courts [...]
What will happen to cryptocurrencies throughout 2022? January 21, 2022 Michael Kamerman, CEO of fintech platform Skilling, and a respected thought-leader in the crypto space, believes this is the year when there will be clearer and consistent legislation around crypto and its uses.
SpaceX’s mega-rocket Starship could make or break space industry, say experts January 18, 2022 The rise of mega-rockets, such as SpaceX’s Starship, could make or break the ‘New Space’ industry, according to experts. Countries including South Korea, Japan, India and UAE are planning to launch their first missions the Moon, which will require the use of so-called mega-rockets. “Public enthusiasm for space will remain high with the launch of [...]
Venture capitalists pump £74bn into China, despite regulatory storm January 12, 2022 China’s regulatory storm has not deterred business, nor investors, after venture capitalists pumped more than £74bn into the country last year, new data has revealed. The VC market looks ‘surprisingly upbeat’, after investment swelled nearly 48.9 per cent year-on-year, according to GlobalData. Meanwhile, deal volumes jumped nearly 32 per cent to 4,302 last year, up [...]