Partygaming moves closer to Bwin merger March 15, 2011 ONLINE gaming company PartyGaming has moved closer to its agreed merger with Austrian rival Bwin, confirming that the tie-up is planned to complete on 31 March. The merger was formally entered into the Vienna companies’ register yesterday, in a filing by Bwin. The Austrian company’s shares will cease trading on 25 March in anticipation of [...]
Santander’s Spanish CEO may be forced to quit January 17, 2011 SANTANDER’S chief executive Alfredo Sáenz is set to be barred from banking and sentenced to eight months in jail by Spain’s supreme court, according to reports. Spain’s El Mundo newspaper said yesterday, without citing sources, that Sáenz will be given a longer sentence than the one he appealed after being convicted of bringing false charges [...]
Why jet-setting employees are a legal headache March 29, 2011 SUPPOSE an employee – let’s call her Snow White – works in Paris but lives in London. How much “home” or “train” work does White need to do to be covered by English laws? In the recent case of British Airways v Mak, the Court of Appeal decided that English tribunals have jurisdiction to hear [...]
Europe warns of pain for Allied Irish creditors December 21, 2010 ALLIED IRISH BANKS’ junior bondholders will have to take a big hit in a future restructuring, the European Commission has warned when approving billions of euros in state aid for Irish banks. Brussels’ threat triggered a fall in Irish sovereign debt, stoking fears the ongoing financial crisis means more pain including the spectre of forced [...]
TOP LAWYERS CALL FOR QUOTAS TO BOOST WOMEN IN THE BOARDROOM March 13, 2011 SOME of the UK’s most high-powered female lawyers convened at the Southbank Centre on Saturday afternoon to debate the “chronic inequality” at City law firms. The panel, chaired by Denise Jagger from legal practice Eversheds, which organised the event, contained some of the most high-powered women in the industry (pictured right), including Lucy Scott-Moncrieff, deputy [...]
TOP LAWYERS CALL FOR QUOTAS TO BOOST WOMEN IN THE BOARDROOM March 13, 2011 SOME of the UK’s most high-powered female lawyers convened at the Southbank Centre on Saturday afternoon to debate the “chronic inequality” at City law firms. The panel, chaired by Denise Jagger from legal practice Eversheds, which organised the event, contained some of the most high-powered women in the industry (pictured right), including Lucy Scott-Moncrieff, deputy [...]
Ernst & Young sued in New York for alleged Lehmans fraud December 21, 2010 NEW YORK prosecutors have sued accountant Ernst & Young for its involvement in Lehman Brothers’ collapse in 2008. In the first major government legal action stemming from Lehman Brothers Holdings Inc’s downfall, the suit accuses the accounting firm of helping to hide financial problems at the Wall Street bank. The civil fraud case seeks more [...]
Blow for US health laws December 13, 2010 A KEY part of US President Barack Obama’s landmark healthcare law was declared unconstitutional yesterday, in the first major setback on an issue that will likely end up at the Supreme Court. District judge Henry Hudson backed the state of Virginia’s argument that Congress exceeded its authority by requiring Americans to start buying health insurance [...]
E&Y sued over Lehman audit December 21, 2010 NEW YORK prosecutors started a civil lawsuit against accountancy firm Ernst & Young yesterday over the company’s audits of Lehman Brothers ahead of the bank’s collapse. It is the first government-led legal action to be brought against those involved in Lehman’s bankruptcy in September 2008, which sparked the global credit crisis. New York attorney general [...]
Vodafone ordered to deposit £1.5bn in Indian tax dispute November 15, 2010 India’s top court on Monday directed Vodafone to deposit 25bn rupees (£341.6m) within three weeks in relation to the $2.5bn (£1.55bn) tax dispute, a Vodafone spokesman said. Vodafone has also been directed to make a bank guarantee worth 85bn rupees within eight weeks, the official said. Vodafone, fighting a tax bill in India over its [...]