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Immovable Rule Shields Bedzhamov From Russian Bankruptcy
A recent decision by Britain's highest court that the £35 million ($44 million) London home of a fugitive banker is beyond the reach of Russian bankruptcy laws has made it clear that a foreign court cannot enforce orders over English land.
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Crispin Odey failed on Monday to gain access to the medical records of five women who accuse him of sexual abuse, after a judge weighed in favor of the alleged victims' right to privacy.
A report by a cross-party group of MPs will highlight the failures in the way the Financial Conduct Authority handles major scandals, despite its efforts to reform its culture and operations, according to advance details released Monday.
Changes to disclosure rules at the Financial Conduct Authority will give defendants more insight into its investigations than ever before — though the development might swamp those that cannot afford top legal advisers, lawyers say.
Anglo American PLC said Monday that it will sell its remaining steel-making coal mines in Australia for up to $3.78 billion in cash to Peabody Energy, a U.S. miner, as it presses ahead with a corporate restructuring plan to reward shareholders.
Barclays has been fined £40 million ($50.2 million) for the "reckless" arrangements the bank made with Qatari investors when it was raising fresh capital during the 2008 financial crisis, the Financial Conduct Authority said Monday.
The Competition Appeal Tribunal gave the green light on Friday to a consumer advocate's attempt to bring a £7 billion ($8.7 billion) class action against Google over claims the tech giant has blocked competitors from entering the search engine market on Apple products.
Newly qualified lawyers and associates at some top U.S. law firms in London will receive bonuses ranging from $21,000 to $150,000 in 2024 as pay for the more junior members of the profession continues to grow in the capital, reflecting trends from recent years.
The Competition and Markets Authority said Friday that it has fined U.S. healthcare company Viatris Inc. £1.5 million ($1.9 million) for breaching an order as the regulator reviewed a deal it had inked with Theramex, a U.K. pharmaceutical business.
The Serious Fraud Office accused Guralp Systems on Friday of breaching the terms of corporate bribery settlement inked five years ago and will haul the seismic technology company before a criminal court for possible prosecution.
Thom Browne won its latest trademark dispute with Adidas over the use of four stripes in the New York fashion brand's designs on Friday as a London court dismissed the German athletic wear giant's infringement claims and invalidated several of its patents.