London’s legal sector continues to lead the world August 3, 2020 Socially-distanced juries, virtual trials, and a mass shift to remote working — these are just some of the radical steps that have been taken to allow justice to be served during lockdown. Almost every part of our economy has had to adapt to Covid-19 and the legal system is no different. One constant throughout these [...]
Turkey passes controversial law to regulate social media content July 29, 2020 Turkey today passed a law which allows the government to control social media platforms, despite strong criticism that it will increase censorship in the country. The law requires foreign social media sites to appoint representatives based in Turkey to address authorities’ concerns over content. Officials can set deadlines for removal of material they take exception [...]
Ban EY from public contract bids following professional misconduct, urges charity November 17, 2020 The government should consider banning big four auditor EY from bidding on public contracts for three years following a number of recent scandals, charity Spotlight on Corruption has said. The charity has written a 17-page letter to government that accuses EY of “grave professional misconduct” that “renders its integrity questionable”, and suggests there should be [...]
Moss Bros calls on KPMG to help with restructuring plans August 30, 2020 Menswear retailer Moss Bros is heading towards a restructuring that could result in the closure of some of its stores and rent reductions on others. Moss Bros has reportedly called in KPMG, according to the Sunday Times, which could pave the way for a company voluntary arrangement (CVA). A CVA allows companies to settle debts [...]
Week in Sportbiz: England Netball weighing up approaches from private investors; plus Manchester City’s humble new partner club and ‘super spikes’ February 18, 2021 Netball’s prodigious growth has not gone unnoticed by the private investors who have embarked on a trolley dash of sporting properties. England Netball successfully launched its Covid-adapted 2021 Superleague season last weekend – another feather in the cap of an organisation that has doubled participation in a decade. The governing has renewed its broadcast deal [...]
City of London Corporation appoints new top team to lead transformational change April 16, 2021 Following its decision in December 2020 to endorse a new Operating Model, the City of London Corporation’s governing Court of Common Council today welcomed the appointment of eight new senior officers and formally confirmed the appointment of the first woman as Chamberlain, the Corporation’s Chief Financial Officer, since the post was created in 1237. Chair [...]
NMC Health strives to avoid administration after being hit by creditor court action April 6, 2020 Scandal-hit NMC Health is working to avoid going into administration after being hit by a court action brought by one of its creditors. The London-listed company said today that lawyers acting for Abu Dhabi Commercial Bank (ADCB) filed an application on 2 April in the High Court to appoint administrators to NMC with a hearing [...]
Derwent London to sell two Soho properties to Travelex founder July 13, 2020 Property developer Derwent London has inked a deal to sell two properties in Soho to Travelex founder Sir Lloyd Dorfman’s family property interests for £40.5m. The sale includes the long leasehold interest on 2 and 4 Soho Place, part of Derwent’s Soho Place development scheme, which is due to be finished in 2022. The deal [...]
Japan Sees its First Crypto Seizure As Binance Helps Take Down Money Laundering Group August 25, 2020 This week the price of Bitcoin (BTC) moved sharply up and surpassed the $12,000 mark to hit a high shortly above it. The price has since declined to a weekly low at $11,500, before recovering to $11,750, according to data from CrpytoCompare. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week at $425 [...]
Insurer RSA posts double-digit profit rise but expects £25m coronavirus hit May 7, 2020 FTSE 100 insurer RSA today said it expected its exposure from the coronavirus pandemic to total around £25m, with claims coming from travel, wedding and event cancellation insurance. The home, motor and commercial insurer had received around 25,000 claims on which it would pay out, of which around 23,000 were travel claims, it said in [...]