London firm lets lawyers work-from-home in return for 20 per cent pay cut April 30, 2022 London law firm Stephenson Harwood has given its staff the option to work from home as often as they like, in return for a 20 per cent pay cut. The law firm’s new remote working policy says employees must come in at least three days a week, unless they are willing to see their salaries [...]
EY faces $2.5bn lawsuit over NMC Health audit April 30, 2022 Big Four accountancy firm EY faces a $2.5bn (£2bn) lawsuit over its audit of collapsed healthcare company NMC Health, after bankruptcy administrators yesterday said they had filed a claim against the auditor. The lawsuit comes after Abu Dhabi firm NMC Health went into administration in 2020, after the firm was accused of understating more than [...]
UK fraud office returns £1m to victims of ‘Wolf of Wimbledon’ scammer April 28, 2022 The UK’s serious fraud office (SFO) has returned £1m in stolen funds to more than 200 victims of Australian fraudster Jeffrey Revell-Reade. The SFO said it had handed over another £1m in stolen funds, on top of the £3m already returned, after the fraudster conned investors out of a total £70m. The return comes after [...]
Laurence Fox asks judge to let jury hear his libel lawsuit April 28, 2022 English actor and right-wing political activist Laurence Fox is seeking for his libel lawsuit to be heard by a jury – in what would be the first libel trial to be heard by a jury in a decade. The request comes after Fox was sued by charity boss Simon Blake, Ru Paul’s Drag Race star [...]
Accountancy firm RSM consolidates power after buying out former partners April 28, 2022 The board of accountancy firm RSM has made a push to consolidate its power, by taking control of almost all shares in the firm through a buyout of its former partners. The shareholder buyout comes after RSM shareholders launched a coup against the accountancy firm’s ex-board in 2020, following the discovery an almost £10m hole [...]
UK fraud investigators serve notice on companies linked to mining magnate Sanjeev Gupta April 27, 2022 UK fraud investigators yesterday served notices at multiple addresses linked to mining magnate Sanjeev Gupta, just a day after French police raided Paris offices linked to the embattled steel tycoon. The UK’s Serious Fraud Office (SFO) yesterday issued Section 2 notices to trading addresses linked to the Gupta’s Liberty House Group of companies, requesting financial [...]
Thousands of consultants now working to achieve Chartered status, one year after qualification’s launch April 27, 2022 London consultants are increasingly seeking to certify their professional achievements by attaining Chartered Consultant status, following the launch of the professional qualification last year. More than 3,000 consultants are currently working towards gaining Chartered status, while more than 600 have already got it, according to new figures from the Management Consultancies Association (MCA). The news [...]
Billionaire financier Leon Black paid mistress millions for UK Golden Visa April 27, 2022 Billionaire financier Leon Black paid his Russian mistress £2m to make her eligible for a UK “Golden Visa”, in the hopes she would start a new life, far away from his home in New York. The co-founder of private equity giant Apollo Global Management transferred millions to his former mistress Guzel Ganieva after she began [...]
Top media litigator backs ‘naming and shaming’ oligarchs’ lawyers April 27, 2022 Naming and shaming lawyers who work for oligarchs is probably a more effective way of tackling lawfare than anything regulators are likely to do, a top media lawyer has said. Media litigator Adelaide Lopez said the “current PR campaign” against oligarch’s lawyers will likely have a more “powerful impact” than “anything the Solicitors Regulation Authority [...]
Bar Council experiences ‘technical difficulties’ after facing malicious cyber attack April 27, 2022 The Bar Council’s IT systems have come under attack by hackers, the barristers’ representative body said today. In a statement, the 128-year-old body said it had “suffered a malicious cyber attack,” as it said it had taken swift action to take its IT systems offline “in order to stop the attack and prevent any data [...]