Carillion liquidators secure funding to take KPMG to court for audit failures May 19, 2021 Carillion’s liquidators have secured a £250m funding deal with a litigation funder to take KPMG to court for audit failures. Litigation Capital Management (LCM) will fund a claim against the Big Four firm in the Commercial Court of the High Court. Carillion’s liquidators are taking KPMG to court for perceived audit failures, resulting in losses [...]
HSBC heads for blockbuster trial today over Disney film tax scheme February 5, 2024 HSBC will defend itself from a £240m legal action by more than 500 investors over a Disney film tax scheme that resulted in large tax bills.
RBG Holdings settles case with ousted CEO for half a million pounds October 30, 2023 RBG Holdings has settled a case with its former chief executive, Nicola Foulston, after she sued the law firm for wrongful dismissal.
As the EU rehashes old myths of no win-no fee litigation, London stands to benefit February 1, 2023 In the EU, there are still many misconceptions about litigation funding. Here in London we must see it as a way for companies to manage risks and costs, writes Glenn Newbury
Centrica vs HMRC: What does Supreme Court ruling on tax deduction mean for businesses? July 26, 2024 Just last week Centrica lost an appeal against HMRC over the treatment of professional services fees.
Fishy business: Salmon farmers accused of inflating prices in new £382m class action June 24, 2024 Six of the world’s top salmon producers have been hit legal action in the UK over alleged collusion and unlawful price-fixing of its Atlantic farmed product
Investing in distressed assets is only getting more complex, so is it worth the trouble? January 5, 2024 Recent geopolitical instability has added even more complexity to the world of distressed asset investment, writes Simon James.
HSBC successfully fights off £240m legal challenge over Disney film tax scheme April 26, 2024 A legal challenge against HSBC for £240, by investors of a film tax scheme has failed, as the High Court judge ruled their significant losses was not enough for a good claim against HSBC
Barclays embarks on biggest shake-up since financial crisis after difficult decade February 20, 2024 Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.
Clifford Chance revenues top £2bn for the first time as firm rules out merger July 19, 2023 Law firm Clifford Chance today reported annual revenues of over £2.06bn, surpassing the £2bn mark for the first time. Annual profit, however, came in slightly lower at £781m, down from £783m the previous year. Profit per equity partner was £2m. Charles Adams, Global Managing Partner at Clifford Chance, said the firm delivered another “strong” set [...]