Samsung heir back in prison for bribery scandal January 18, 2021 Samsung heir Lee Jae Yong has been sentenced to two and a half years in prison by a high court in South Korea on Monday. Lee, 52, was found guilty of bribing an associate of former president Park Geun-hye and jailed for five years in 2017 but was released after 12 months. The Supreme Court [...]
Insurers need to capture the Covid-19 zeitgeist and go beyond expectations January 21, 2021 As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence. However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been [...]
China blocks crypto social media accounts amid crackdown June 7, 2021 A string of cryptocurrency-related social media accounts have been blocked in China as Beijing stepped up its crackdown on bitcoin trading and mining. Over the weekend access was blocked to a number of widely-followed accounts on Weibo — the country’s equivalent of Twitter — with a message saying they “violate laws and rules”. Further action [...]
Number of Uber UK rides back to pre-pandemic levels June 7, 2021 Uber this morning said that the number of rides booked by UK users has now returned to pre-pandemic levels. The ride-hailing app said that the loosening of restrictions on hospitality venues had been the main driving force behind the return of demand. Most of the trips currently being taken are in the evening, Uber added, [...]
Libor rigging special: Calls grow to review all convictions of City traders as ‘UK’s position is absurd’ October 31, 2022 A major City scandal that most bankers in London had left behind years ago seems to be coming back with a vengeance. In a new twist in one of the Square Mile’s biggest-ever scandals, the Libor rate-fixing case, British former trader Tom Hayes has had the long-running case against him in the United States thrown out. As [...]
Ride-hailing firms have ‘moral imperative’ to give drivers’ workers rights, says Heidi Alexander July 2, 2021 London’s deputy mayor for transport has said that ride-hailing firms have a “moral imperative” to offer their drivers basic workers’ rights. Speaking to City A.M., Heidi Alexander said that City Hall would like to see minicab operators like Bolt and Ola adapt their business models to embrace the Supreme Court’s historic judgement on Uber. Her [...]
Khan’s ‘Streetspace’ appeal upheld in blow for London’s taxis June 16, 2021 Sadiq Khan has this evening won his battle against London’s cabbies over the controversial “Streetspace” scheme. The Court of Appeal has upheld the Mayor’s appeal against a High Court judgement which deemed that the programme, which is designed to encourage walking and cycling during the pandemic, was introduced unlawfully. In his appeal, Khan argued that [...]
Bunga Bunga owner sues Axa Insurance over business interruption cover April 13, 2021 Inception Group, owner of London nightclub Bunga Bunga, is preparing to sue Axa Insurance over unpaid business interruption cover. Inception Group, which owns restaurants and clubs in central London including Mr Fogg’s and Cahoots, has alleged Axa is trying to “wriggle out” of making a payout, and plans to launch a £3.25m claim in the [...]
Business interruption case: Light at the end of the tunnel for SMEs January 15, 2021 Hundreds of thousands of businesses will today breathe a sigh of relief after the Supreme Court ruled leading insurers must pay out on business interruption policies. The court “substantially allowed” the appeal brought by the Financial Conduct Authority (FCA) and campaign groups Hiscox Action Group and Hospitality Insurance Group Action. It brings months of uncertainty [...]
Tesco staff win legal argument against employer in European Court of Justice June 3, 2021 Thousands of current and ex-Tesco workers won a legal argument in the European Court of Justice today, in a fight they argue centres on equal pay. The court today ruled that employees working in stores can compare their roles to colleagues working in distribution centres for the purpose of equal pay. Mostly female supermarket shop [...]