Over 1,000 Russian athletes benefited from state-sponsored doping programme, Wada report finds December 9, 2016 Over 1,000 Russian athletes benefited from state-backed doping cover-ups between 2011 and 2015, according to a new independent report from the World Anti-Doping Agency (Wada). The second report into doping from law professor Richard McLaren found that doping took place across 30 sports and at Olympic Games, Winter Olympic Games and Paralympic Games. McLaren's findings will [...]
Ranked: City law firms with the most staff fleeing to Ireland after the Brexit vote December 6, 2016 It's been revealed there was a huge jump in the number of English solicitors registering to work in Ireland after the Brexit vote – the figure jumped more than 10 times between 2015 and 2016. Yes, according to figures released last night by the Law Society of Ireland, the number of English solicitors registering to [...]
UK immigration reached 650,000, its highest levels ever, in the year before the Brexit vote, but cuts to immigration could harm the public finances December 1, 2016 Immigration to the UK reached 650,000, the highest level estimate ever recorded, in the year before the Brexit vote, but influential economists have warned that attempts to reduce net migration could harm Britain’s public finances and even result in higher taxes. European Union immigration also reached its highest ever level, at 284,000, an increase of [...]
Nutmeg raises £30m in latest funding round, the largest of its kind for fintech since Brexit vote November 14, 2016 Nutmeg announced today it has drummed up £30m in its latest round of funding, the largest raise in the fintech sector since the Brexit vote. The fintech pioneer will use the money from the funding round, which was lead by Hong Kong based independent financial advisory firm Convoy, to expand its product offering and rapidly grow [...]
Employment tribunal ruling could cost Uber over £17m, says employment lawyer October 28, 2016 Today's landmark ruling by an employment tribunal that Uber drivers are not self-employed but entitled to basic workers' rights such as holiday pay, could cost the company in excess of £17m, according to an employment lawyer. Sean Nesbitt, partner in the employment team at law firm Taylor Wessing, said: "It is economically significant to Uber. [...]
Uber drivers are NOT self-employed but entitled to workers’ rights, says employment tribunal October 28, 2016 Uber drivers are entitled to basic workers' rights, an employment tribunal announced today, in a landmark legal case. The hearing at a London employment tribunal is the first case of its kind in the UK. The action was brought by the GMB union which represents drivers, and law firm Leigh Day. Nigel Mackay, employment lawyer [...]
City watchdog celebrates six months of Senior Managers’ Regime by proposing tweaks September 28, 2016 The City watchdog has today launched a series of consultations for potential tweaks to one of its biggest initiatives to boost culture in financial firms, six months after it started being rolled out. The Financial Conduct Authority (FCA) is looking at ways to bolster the provisions in the Senior Managers' and Certification Regime, which has applied [...]
Privacy Shield is up and running, but will the US-EU data agreement stand up to scrutiny? July 13, 2016 After months of uncertainty, companies in the EU and the US finally have a legal framework for transferring data about their citizens, like social media profiles and payroll information, across the Atlantic. Yesterday, Brussels formally approved Privacy Shield, a regulatory regime which will govern more than $250bn a year in trade between digital service providers, [...]
City Moves for 31 May 2016 | Who’s switching jobs May 31, 2016 International Property Securities Exchange IPSX (the new operating brand for the London Real Estate Exchange) has announced the appointment of Robert Bould as a non-executive director. Rob recently stepped down as chief executive of GVA Bilfinger (previously GVA Grimley), an international property agent and advisory firm, and executive vice president of Bilfinger Real Estate. Having [...]
What George Osborne’s Budget means for you: Five case studies including an entrepreneur, an apprentice and a chief exec March 16, 2016 Accountants from BDO ran the numbers for City A.M. to see the effect George Osborne's 2016 Budget will have on people with a variety of different incomes, living situations and responsibilities. THE BUSINESS WOMAN Catherine Gannon, chief executive at Gannons Commercial Law Gannons Commercial Law continues to perform well as profits and earnings increase on last year. [...]