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 [...]
Turn around: Steep rise in EU nationals refused entry into UK as Brexit controls tighten with Romanians half of all who are stopped at border January 11, 2022 The number of EU nationals who have been prevented from entering the UK has risen by a third, according to new data shared with City A.M. this morning. As the Home Office is stepping up controls, the number of European nationals stopped at the border climbed to 5,266 in the third quarter of last year, [...]
Katten hikes London associate pay as competition for City law firms soar January 10, 2022 Law firm Katten Muchin Rosenman has raised its pay for London associates by some £10,000 for each experience level today, as the competition for applicants soars in London. The new salary pay-grades, which also accompany potentially lofty bonus’, will see junior lawyers on a £108,000 annual salary. Associates with one year post-qualified experience (PQE) will have [...]
The Royal Family in 2022: Queen’s extravagant Platinum Jubilee, Prince Andrew’s lawsuit and Harry’s tell-all memoirs January 2, 2022 The Queen is set to become the first-ever British monarch to celebrate 70 years on the throne in 2022, as she will reach her historic Platinum Jubilee this year. The national Jubilee festivities are taking place in June over a four-day holiday weekend. But the Queen is actually set to pass the milestone on February [...]
High Court: Dubai ruler ordered to pay record £554m in UK custody case December 21, 2021 Dubai's billionaire ruler Mohammed bin Rashid al-Maktoum has been ordered to pay £554m to his estranged and their two children.
Baroness Hallett named as chair of upcoming Covid-19 inquiry December 15, 2021 Baroness Heather Hallett will chair the Covid-19 inquiry with the crossbench peer set to scrutinise the government's response to the pandemic.
State-owned NatWest slapped with £265m money laundering fine December 13, 2021 State-owned bank NatWest has today been slapped with a £265m fine for failing to stop millions of pounds of dirty money flowing through its system. The judgement concludes the first money laundering case against a British lender. The verdict sparked speculation among City expects over whether it will prompt global regulators to pursue other financial [...]
Disability in the corporate world: Challenging and championing perspectives December 3, 2021 ICAS highlights the need to champion the rights and wellbeing of disabled people on International Day of Persons with Disabilities (IDPD). There are 14.1 million disabled people living in the UK. Despite protections under law, disabled people still face widespread prejudice, intentional or otherwise, across all facets of society. Statistics compiled by disability equality charity [...]
Finally! Legal clarification for smart contracts November 29, 2021 The UK’s Law Commission has confirmed existing laws in England and Wales are able to accommodate and apply to smart legal contracts, writes Jonny Fry.
Clyde & Co eyes up merger with law firm BLM November 26, 2021 Clyde & Co is reportedly in discussions with its smaller rival BLM about a merger between the two law firms, according to reports. The talks between the firms are still in the initial stages, according to Rollonfriday, a British legal news website, which first reported the development. With a turnover at Clyde of almost £640m [...]