In-house lawyers expecting a surge in legal disputes amid wage and union pressures legal Businesses are anticipating a rise in legal disputes, however, they need to also be prepared for the rising costs of litigation. A report by law Firm Shoosmiths stated that 82 per cent of in-house senior lawyers expect an increase in spending on dispute resolution over the next three years. Those surveyed say they will consider [...]
UK legal industry revenues jump almost seven per cent despite stagnant economy LEGAL This growth is against the backdrop of an economy has just narrowly avoided a recession after GDP unexpectedly had no growth in the third quarter of the year.
Lush embroiled in legal battle with former boss over £216.8m share sale RETAIL In response to the claims, Lush, who has over 100 stores in the UK said that its board had "no choice" but to refuse the transfer.
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]
UAE fund turns on top City lawyer in bid to exit Iranian-American airline tycoon’s hacked emails case June 23, 2022 Embattled City lawyer Neil Gerrard suffered another blow this week, after his former client, an Emirati sovereign fund, turned on the ex-Dechert partner, after offering to pay $1m to settle a case brought against it by a powerful Iranian-American business tycoon. The fund’s efforts to distance itself from Dechert’s former head of white-collar crime comes [...]
It’s finally Appian! Court case begins over fallout from collapsed $1.2bn deal May 30, 2022 Court proceedings for Appian Capital Advisory's $1.2bn compensation claim against South Africa's Sibanye-Stillwater after a deal between them collapsed.
Amigo suspends shares as court proceedings begin May 23, 2022 Amigo Holdings has announced a temporary suspension of trading shares today ahead of court proceedings.
‘PwC has questions to answers’: analyst firm warned years ago about audit failures at Babcock January 17, 2022 Audit giant PwC ignored warnings over irregularities in the accounts of British defence contractor Babcock International for years, even after they were flagged by analysts, according to sources speaking to City AM. In an email to this paper, analyst firm Boatman Capital Research said: “The Boatman and others were warning about accounting issues at Babcock from 2018 [...]
MailOnline starts appeal against Meghan Markle’s privacy lawsuit November 9, 2021 Publisher Associated Newspapers started its court appeal against a judge's ruling that it invaded the privacy of the Duchess of Sussex by publishing parts of a letter she wrote to her estranged father, arguing that she knew the letter would potentially be published.
Mayfair casino found guilty of discrimination by accommodating racist requests November 2, 2021 An employment tribunal has found that exclusive London casino, Crown Aspinalls, racially discriminated against one of its dealers by allowing a request by a patron not to have black dealers at their table.