City Moves for 16 July – Who’s switching jobs at Seaforth Land, Invesco and ADM Energy? July 16, 2019 Today’s City Moves includes Seaforth Land, Invesco and ADM Energy. Seaforth Land Seaforth Land, the London-focused commercial real estate investor and asset manager, has appointed Lesley Chen Davison as chief investment officer. She will join the company in September 2019. Lesley joins from Delancey where she has worked since 2005 as director of banking and [...]
Shareholders sue Boeing for ‘putting profit ahead of safety’ after 737 Max crashes April 10, 2019 Boeing’s legal troubles grew yesterday as a lawsuit accused the plane manufacturer of defrauding shareholders by allegedly hiding the safety issues in its 737 Max plane that led to two fatal crashes. A proposed class action was filed in a Chicago federal court, and seeks damages for alleged securities fraud after the firm’s market value [...]
Scrapped: Government cancels bidding for Southeastern rail franchise as fresh search for operator begins August 7, 2019 The government has faced accusations of running Britain’s railways “on the hoof” after it scrapped the bidding process for the Southeastern rail franchise, making it the latest botched procurement by the Department for Transport (DfT). Officials will now have until 1 April 2020 to choose the next franchise operator. Go-Ahead Group, which currently operates the [...]
‘Techlash’ risks making us less secure, as we swipe right for the Wild West of apps August 1, 2019 It’s fair to say there’s been a lot in the news across the world recently. Between a new British Prime Minister, protests in Hong Kong and Russia, foreboding temperatures, and Marks & Spencer scrapping its free biscuit offering, things have been uncharacteristically busy for this usually sleepy time of year. As a result, I wouldn’t [...]
Former Barclays banker found guilty of Euribor rigging March 26, 2019 A former Barclays banker has been found guilty of manipulating the Euribor interest rate benchmark while another was acquitted of the same offence. Carlo Palombo was today found guilty by a jury of nine men and three women at Southwark Crown Court after five days of deliberations and a two-month trial. Sisse Bohart, also a former [...]
City Moves for 15 April 2019 – Who’s switching jobs at Herbert Smith Freehills, Trussle and Osborne Clarke? April 15, 2019 Today's City Moves includes Herbert Smith Freehills, Trussle and Osborne Clarke. Herbert Smith Freehills Herbert Smith Freehills partner Chris Bushell has been elected as the new vice-president of The London Solicitors Litigation Association (LSLA). Chris, who is also the organisation’s membership secretary, is a former member of the Junior LSLA Committee and has been actively [...]
Metro Bank investors mull legal action over accounting error February 10, 2019 Metro Bank is facing a potential looming court action after an accounting error that was detected by the Bank of England caused its shares to plummet. The Sunday Telegraph reported that commercial litigation specialists Stewarts Law had been approached by a number of investors to look into the matter. Stewarts Law partner Clive Zeitman told the newspaper: [...]
Tougher trading conditions around Brexit could lead to more partnership disputes, warns law firm January 28, 2019 Disruption around Brexit and legal changes could lead to an uptick in the number of partnership disputes reaching the High Court, a law firm has said. Partnership and employment law firm Fox & Partners said the process of the UK leaving the EU could end the downturn in the number of partnership disputes, which dropped 20 per [...]
Fieldfisher merges with Irish firm McDowell Purcell in Brexit-related expansion April 25, 2019 City law firm Fieldfisher has struck a merger deal with Irish firm McDowell Purcell as it looks to secure a route into the EU market post-Brexit. The deal gives Fieldfisher a Dublin office and 16 new partners and 50 lawyers. A string of UK and US law firms have established Dublin bases following the 2016 [...]
European Medicines Agency loses £500m ruling over bid to cancel lease amid Brexit move February 20, 2019 The European Medicines Agency (EMA) has lost a court battle to break a £500m London office lease in the wake of its planned move to Amsterdam post-Brexit. In a landmark case for the commercial property industry ahead of Britain’s departure from the EU, landlord Canary Wharf has won a ruling that means the EMA must [...]