Mining giant ENRC sues UK fraud office for £70m over long-running corruption investigation March 26, 2019 Eurasian Natural Resources Corporation (ENRC) is suing the UK's fraud agency for £70m over its conduct during a long-running probe into alleged corruption at the Kazakh miner. ENRC, which was delisted from the FTSE in 2013, has accused the Serious Fraud Office (SFO) of “arbitrary, oppressive and unconstitutional conduct” in relation to its investigation into [...]
Former Barclays banker found guilty of Euribor rigging March 26, 2019 A former Barclays banker has been found guilty of manipulating the Euribor interest rate benchmark while another was acquitted of the same offence. Carlo Palombo was today found guilty by a jury of nine men and three women at Southwark Crown Court after five days of deliberations and a two-month trial. Sisse Bohart, also a former [...]
DEBATE: The Mueller report has cleared Trump of collusion with Russia – is this the end of his legal worries? March 26, 2019 The Mueller report has cleared Trump of collusion with Russia – is this the end of his legal worries? YES, says Sarah Elliott, chair of Republicans Overseas UK After two years and over $25m of taxpayer funds, the big conspiracy, perpetuated by the Trump-deranged media, that the 45th President was elected because of Russian collusion has [...]
Abolishing residential leasehold could create more problems than it will solve March 26, 2019 If you own a flat, the chances are you are a residential leaseholder. Until recently, the leasehold structure was the only form of ownership for flats and other properties benefiting from common areas and shared services. But recent cases of misconduct in the residential leasehold sector have captured the public imagination, leading to intense government [...]
Stormy Daniels’ former lawyer released on £227,000 bail following Nike extortion charges March 26, 2019 The US lawyer who acted for porn star Stormy Daniels in her dispute with Donald Trump has been released on $300,000 (£227,000) bail after he was accused of extorting more than $20m from Nike. Michael Avenatti stands accused of fraud over a meeting with a lawyer for Nike in which it is alleged he threatened to release damaging information [...]
Institute of Directors concerned over future of UK corporate governance under new audit regulator March 21, 2019 The Institute of Directors has expressed concern over the future of corporate governance in the UK following the establishment of a new audit regulator. The influential business organisation said the proposed regulator that is set to replace the Financial Reporting Council (FRC), which is being abolished in the wake of a string of corporate scandals, [...]
Kirkland & Ellis retains its title as world’s richest law firm after 18 per cent revenue growth March 21, 2019 US legal powerhouse Kirkland & Ellis has retained its title as the world’s wealthiest law firm after its revenue jumped 18 per cent to $3.76bn (£2.87bn) in 2018. The firm, which has expanded rapidly in London in recent years, also boosted profit per equity partner (Pep) seven per cent to $5.03m, the first time it [...]
Pimlico Plumbers boss Charlie Mullins blasts ‘small-minded haters’ after gig economy tribunal victory March 20, 2019 The boss of Pimlico Plumbers Charlie Mullins has blasted critics of his company as “small-minded haters," following a victory today at an Employment Tribunal in Croydon on whether a former plumber at the company was entitled to holiday pay. “This decision is a vindication of everything that Pimlico Plumbers stands for. It also sends a message [...]
Slim pickings at Slaughter and May as only one lawyer made up to partner March 20, 2019 Transactional advisory powerhouse Slaughter and May has promoted just one lawyer to its partnership in its 2019 promotions round. The Magic Circle firm made up four new partners in 2018, seven in 2017 and 10 in 2016. The only lawyer to make the grade this year is City M&A and corporate finance practitioner Harry Bacon [...]
HMRC demands professional services firms hand over information on clients suspected of tax evasion March 19, 2019 HM Revenue and Customs (HMRC) has issued nearly 1,500 demands to professional service firms for more information on clients suspected of tax evasion, a law firm has found. The taxman issued 1,414 requests to accountants, lawyers and other professional services firms in the year up to 31 March last year for information on clients that [...]