Daiwa Capital Markets faces $150m bill after Supreme Court appeal loss October 30, 2019 Daiwa Capital Markets Europe faces a $150m (£116m) bill after losing an appeal to the UK Supreme Court today. The court ruled in favour of Singularis Holdings – now in liquidation – in a claim for negligence against the English subsidiary of the Japanese bank. The case relates to a payment Daiwa made at the [...]
Parliament prorogue: Supreme Court to preside over Brexit legal battle September 17, 2019 The Supreme Court will today hear a legal tussle over Prime Minister Boris Johnson’s decision to prorogue parliament for five weeks as the countdown to Brexit continues. The UK’s highest court will hear appeals for two distinct legal cases brought in England and Scotland against Johnson’s move to suspend parliament until 14 October. Read more: [...]
Extinction Rebellion protests cost over £50m August 21, 2021 The cost of policing Extinction Rebellion protests are over £50m, and is expected to rise with more demonstrations planned over the next few weeks, according to reports. The Metropolitan Police’s gold commander for the demonstrations, Rachel Williams, said the figure included the response to two protests in 2019 and one in September last year, when [...]
US judge orders Trump’s accountants to hand over tax records to Senate August 11, 2021 A US judge has ordered Donald Trump’s accountants to hand over some of the former president’s tax records to a House of Representatives committee. District judge Amit Mehta today ruled that Mazars must provide documents related to Trump’s hotel in Washington DC, saying the committee had proved it needed them to evaluate potential legislation and [...]
Brexit: Bercow reconvenes MPs as Supreme Court rules PM’s prorogation unlawful September 24, 2019 Update: John Bercow has said parliament will resume business tomorrow morning The Supreme Court has ruled that Boris Johnson’s move to prorogue parliament for five weeks was unlawful. Supreme Court president Lady Hale told the court this morning that parliament had not been prorogued, leaving it to Speaker John Bercow to decide the next steps. [...]
Rising insurance costs could be ‘last straw’ for struggling small businesses November 24, 2021 Half of small and mid-sized UK businesses have seen increases in pandemic-related exclusions in their cover, according to broker Marsh, as insurers try to stop their £1bn bill from mounting further.
Sports law year in review 2021: Were our predictions right? December 26, 2021 In December 2020, while others may have been preparing for muted New Year’s Eve celebrations in light of the new coronavirus variant, we were busy making sports law predictions for the year ahead for City A.M. In summary, we predicted a rise in data-related disputes on the back of Project Red Card, the further growth [...]
The SEC to sue Coinbase over proposed lending product September 8, 2021 The US Securities and Exchange Commission has notified Coinbase, the country’s most popular crypto exchange, of its intention to sue. The SEC has served Coinbase with a Wells notice, an official document alerting a company to the start of court proceedings, over its plans to launch the Lend programme. Lend is marketed as a high interest [...]
Boris Johnson flies into Brexit storm after Supreme Court rules prorogation ‘unlawful’ September 25, 2019 Boris Johnson cut his New York trip short, flying back to the UK overnight amid an unprecedented constitutional crisis following yesterday’s Supreme Court ruling. The Prime Minister insisted he “strongly disagrees” with the judgement that prorogation was “unlawful, void and of no effect”, and reiterated his commitment to leave the EU by 31 October. But [...]
Uber UK boss to meet GMB leader after driver representation deal August 26, 2021 Uber’s UK boss is due to meet with the new leader of the GMB union in a bid to settle their differences about the ride-hailing app’s working practices. Jamie Heywood, Uber’s UK regional manager, will meet with Gary Smith, months after the firm took the decision to recognise the union, the BBC said. Under that [...]