AIM has not issued any fines since 2021. Why is that? May 29, 2024 The London Stock Exchange’s AIM market has not issued any public fines since November 2021, according to the latest available figures, raising questions about its supervision of the junior exchange.
Ofcom ‘bares its teeth’ with new roadmap for new online safety laws July 6, 2022 Ofcom has urged tech firms to start preparing now for new online safety rules, setting out a plan for the first 100 days of the regime.
Privatbank’s $1.9bn UK fraud claim returns for trial after Russia’s invasion of Ukraine delays case June 5, 2023 One of the UK’s largest High Court claims in history is set to return to court next week as the trial commences in Privatbank’s $1.9bn (£1.54bn) fraud lawsuit against its former owners. Ukrainian lender Privatbank is suing the bank’s founders Igor Kolomoisky and Gennadiy Bogolyubov over allegations they embezzled billions of dollars from the bank [...]
Watchdog raises ‘greenwashing’ concerns over sustainable loans – but experts question need for ‘hard laws’ June 30, 2023 The Financial Conduct Authority (FCA) has highlighted a number of issues in sustainable lending which are stymying the growth of the market. In a letter sent yesterday to sustainability heads at banks, the watchdog noted that the market for sustainability-linked loans (SLLs) – which link borrowing costs to sustainability targets – had “grown rapidly” over [...]
PwC ups pay for newly-qualified lawyers to £90,000 a year July 21, 2022 Big Four accounting firm PwC has upped pay for newly qualified (NQ) lawyers working in its fast-expanding UK legal business to heights of £90,000 a year. The salary hikes will see PwC match the salaries offered by top ranking law firms including London law firm Mischon de Reya, and put it ahead of major firms [...]
The Post Office scandal: What is the Horizon Inquiry? January 12, 2024 The public outcry following the ITV drama on the Post Office Scandal has resulted in pressure on the Government. However, over the last two years, an inquiry has been going on in the background.
Bird & Bird hikes new lawyers’ salaries for second time this year December 1, 2022 London law firm Bird & Bird has given its newly qualified (NQ) lawyers a pay hike for the second time this year. The law firm has given its NQ lawyers a five per cent pay rise in upping their annual pay to £92,400 per year, a Bird & Bird spokesperson told City A.M. The pay [...]
Wayne Barnes sets his focus on the law after he blows the whistle on refereeing January 26, 2024 Former rugby ref Wayne Barnes has traded the laws of the game for the laws of the land as he heads into practice full-time
High Court judge says it would be unfair to force Ukrainian billionaires to fight $4.2bn fraud trial April 7, 2022 A High Court Judge has halted a $4.2bn fraud trial after claiming it would be unfair to force two of Ukraine’s richest men to fight the court battle due to Russia’s invasion of Ukraine. The High Court Judge adjourned the court battle between Ukraine’s biggest bank, Privatbank, and Ukrainian billionaires Gennadiy Bogolyubov and Ihor Kolomoisky, [...]
Milbank ups stakes in battle for talent with $215,000 salaries for newly qualified lawyers January 23, 2022 New York headquartered law firm Milbank is set to pay its newly qualified (NQ) associates $215,000 (£160,000), as the battle for fresh legal talent rages on into 2022. According to a memo seen by City A.M. newly qualified lawyers in Milbank’s London, Sao Paulo, US and Asia offices will receive a $10,000 pay boost [...]