The bad apple that cost Dechert £47m February 28, 2024 Neil Gerrard used to be a hot shot lawyer in the City. But after being hit with multiple lawsuits, he is now known for very different reasons.
Legal backlash: Nearly 50 groups slam plans to take back fees for employment tribunal February 27, 2024 Nearly 50 organisations including unions, legal networks and rights organisations have slammed the Government’s plan to reinstate fees for the Employment Tribunal. The Ministry of Justice (MoJ) published a proposal last month saying that it wanted to reduce the cost for the taxpayer. It proposed a £55 fee that is payable by the claimant on [...]
‘Like Brands. Only Cheaper’: Court throws out Aldi’s appeal over gin bottle battle with Marks and Spencer February 27, 2024 Aldi's appeal against a decision that it had infringed on Marks and Spencer's registered design of its light-up gin was dismissed earlier today.
Court of Appeal: Legal regulator to face human rights solicitor over prison sentence February 27, 2024 In a long-running legal fight, the legal regulator is set to face a former human rights lawyer for an appeal on her second prison sentence.
Audit fees for London-listed firms skyrocketed by 75 per cent since 2017 February 26, 2024 Over the last five years there has been a significant increase in the fees paid by London-listed companies to auditing firms, due to the increase in both financial reporting requirements and auditing standards. According to a report by the Quoted Companies Alliance, its sample of 220 listed companies across the main market, AIM and Aquis, [...]
Aercap collected £1bn in legal settlements over stranded Russian planes February 26, 2024 US-Irish aviation leasing giant Aercap has revealed that it has recovered just under $1.3bn (£1.02bn) in insurance settlements
Gig economy: Law firm launches probe for Parcelforce drivers in latest workers’ rights row February 26, 2024 Law firm Leigh Day has launched an investigation on behalf of Parcelforce drivers to establish if they have been misclassified as self-employed independent contractors rather than workers. The probe was launched in order to consider if the drivers have a potential group claim on their hands as they could be missing out on holiday pay and the [...]
Russian tycoon’s ‘anti-anti-suit injunction’ succeeds as Transneft to face $14bn English claim February 26, 2024 The English High Court has ordered Russian state-owned oil pipeline company Transneft to adjourn its legal proceedings in a Moscow court. The oil company is facing a $14bn lawsuit in London after Russian tycoon Ziyavudin Magomedov launched the case last year against the oil company, DP World and Russian state-owned agencies. Magomedov launched the legal [...]
Begbies Traynor agrees new £25m debt facility with HSBC February 26, 2024 Professional services restructuring specialist Begbies Traynor agreed to a new debt facility with HSBC, which replaces its existing facility with the same bank. The group’s existing facility was due to mature in August 2025 after it was secured in 2016. The new debt facility with HSBC sees £25m committed to an unsecured revolving credit facility, [...]
Largest law firm DLA Piper elects new managing partner to take over in 2025 February 23, 2024 DLA Piper has elected a new managing partner as its current boss and global co-CEO Simon Levine is set to step away after nearly ten years in the role.