Retail boss found guilty February 7, 2013 THE boss of failed retail group Baugur, one-time king of the British high street, was found guilty of tax evasion yesterday. Jon Asgeir Johannesson, whose investment company owned stakes in a string of British high-street retailers including Hamley’s, Iceland and House of Fraser, was handed a suspended one-year prison sentence and a fined of 62m [...]
Abramovich wins court battle with Berezovsky August 31, 2012 Russian businessman Boris Berezovsky lost his battle with tycoon Roman Abramovich this morning. Berezovsky was seeking more than £3bn in damages after accusing the Chelsea Football Club owner of blackmail, breach of trust and breach of contract. A High Court judge ruled in Abramovich’s favour this morning following a three-month trial. The case related to [...]
Desmond launches legal action August 16, 2012 Northern & Shell chairman Richard Desmond, owner of OK! magazine and Channel 5, is understood to be suing investment bank Credit Suisse at the High Court over a £50m derivative deal he said was too risky. Papers obtained from the Court by reporters show the media baron is claiming a 2007 transaction he entered into [...]
High court fails to stop Boxing Day Tube strike December 22, 2011 A BOXING day strike by Tube drivers has been given the green light, threatening to disrupt football matches and shoppers, after a high court judge refused to halt it. London Underground (LU) had argued that the strike was illegal as drivers who are not expected to work on 26 December had cast their vote in [...]
High court fails to stop Boxing Day Tube strike December 22, 2011 A BOXING day strike by Tube drivers has been given the green light, threatening to disrupt football matches and shoppers, after a high court judge refused to halt it. London Underground (LU) had argued that the strike was illegal as drivers who are not expected to work on 26 December had cast their vote in [...]
Camelot loses bid to close Health Lottery August 22, 2012 RICHARD Desmond’s Health Lottery won a significant victory yesterday when the High Court rejected National Lottery operator Camelot’s call for a judicial review into it. Camelot’s chief executive Dianne Thompson had claimed that Desmond’s network of local lotteries challenged her company’s special status as the national operator. She said she would appeal the “legally-flawed” decision. [...]
Camelot loses bid to close Health Lottery August 22, 2012 RICHARD Desmond’s Health Lottery won a significant victory yesterday when the High Court rejected National Lottery operator Camelot’s call for a judicial review into it. Camelot’s chief executive Dianne Thompson had claimed that Desmond’s network of local lotteries challenged her company’s special status as the national operator. She said she would appeal the “legally-flawed” decision. [...]
Global economic woe is testing even the biggest firms November 7, 2012 VEDANTA shares have been on quite a ride this year. Over the last three months, the shares have outperformed the FTSE 100, up some 10 per cent, but within that timeframe they also spent late August and early September down more than 10 per cent. Over the year to date, a massive rise of 40 [...]
Activists and UBS face off in High Court December 6, 2011 UBS tried to kick out protesters from its disused City office block by sending a text message, the High Court was told yesterday. The Swiss bank also made a series of errors in its late-night legal efforts to remove the Occupy group, and sent the text on the suggestion of the judge handling the case [...]
SFO faces £200m Tchenguiz claim February 6, 2013 VINCENT Tchenguiz yesterday released details of his claim for over £200m of damages against the Serious Fraud Office (SFO) over its botched investigation into him. The court filing, which relates to a high profile raid on Tchenguiz and his brother Robert in 2011 over their dealings with failed Icelandic bank Kaupthing, accuses the SFO of [...]