WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
Legal action dogs Tate & Lyle May 25, 2011 TATE & Lyle (T&L) will announce its annual results tomorrow against the backdrop of a £100m legal dispute. The conglomerate is embroiled in a complex court case with London-based firm Whitefox Technologies. The two firms are suing each other in a spat that could cost the giant in excess of £100m if it loses. There [...]
BP faces legal action over Rosneft deal January 27, 2011 RUSSIAN billionaires involved in BP’s Russian venture TNK-BP yesterday took legal action to block BP’s $16bn (£10bn) share-swap with Russia’s state-owned oil group Rosneft. The four partners in TNK-BP, who operate through a group named Alfa-Access-Renova, claim that BP’s deal with Rosneft might breach earlier agreements that give TNK first refusal on any BP activity [...]
Irish government aims to shore up AIB with an extra €3.7bn state cash December 22, 2010 THE Irish government will apply to the High Court today to pump €3.7bn (£3.15bn) of state cash into Allied Irish Banks (AIB), according to reports. Finance minister Brian Lenihan has said he will inject fresh capital into the country’s second-largest lender before the end of the year to bring its core tier one capital ratio [...]
Plymouth handed 63-day lifeline December 8, 2010 FOOTBALL: Plymouth Argyle were yesterday given two months to clear their tax bill by a High Court judge. The League One club and a related property company were facing winding-up petitions for over £760,000 owed to HM Revenue & Customs but have been granted 63 days’ grace. The Home Park club told the court they [...]
Plymouth handed 63-day lifeline December 8, 2010 FOOTBALL: Plymouth Argyle were yesterday given two months to clear their tax bill by a High Court judge. The League One club and a related property company were facing winding-up petitions for over £760,000 owed to HM Revenue & Customs but have been granted 63 days’ grace. The Home Park club told the court they [...]
Changes to insurance regime could mean a PII revolution February 22, 2011 SOLICITORS are dealing with a number of challenges that threaten the futures of many within the legal profession. The recession has affected everyone and solicitors are no exception. Corporate lawyers aren’t seeing the deals that used to see them working into the early hours of the morning and the property lawyers have seen their conveyancing [...]
Changes to insurance regime could mean a PII revolution February 22, 2011 SOLICITORS are dealing with a number of challenges that threaten the futures of many within the legal profession. The recession has affected everyone and solicitors are no exception. Corporate lawyers aren’t seeing the deals that used to see them working into the early hours of the morning and the property lawyers have seen their conveyancing [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 9, 2011 FINANCIAL TIMES BARCLAYS WINS SUIT OVER SALE RISK LEVEL Barclays has won a legal case brought against it by a small San Marino bank which alleged the UK bank sold it complex debt products which were “much riskier” than the triple A credit rating they had been given. Cassa di Risparmio della Repubblica di San [...]