First person: How I built a legal firm out of the team defending the ‘Tuna Bonds’ dealmakers January 8, 2024 The Credit Suisse 'Tuna Bonds' scandal combined fisheries, kickbacks and global legal battles. Rupert Butler - the City lawyer who represented the defendants - tells City A.M. how the drama unfolded
Elon Musk to advertisers that have left X: ‘go f*** yourself’ November 30, 2023 Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to “Go fuck yourself” in a fiery Wednesday interview. His profanity-laced remarks followed a moment of contrition in a New York Times DealBook Summit interview. Musk said repeatedly he was sorry for publishing a tweet on November 15 that agreed with an anti-Jewish post. [...]
Airbus exits Russia as aviation industry cut off March 2, 2022 Airbus has become the latest company to cut off Russia by halting its support for the country's aviation industry.
Germany hands €15bn to Uniper in bailout deal July 24, 2022 The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suffering sharp losses.
Italian lottery operator Sisal mulls joining Camelot’s High Court challenge April 10, 2022 Italian lottery operator Sisal is considering teaming up with Camelot to challenge the Gambling Commission’s decision to pick Czech firm Allwyn to run the UK’s National Lottery. Sisal is weighing up plans to back Camelot’s High Court bid to overturn the Gambling Commission’s decision, after Camelot lodged a legal challenge against the government agency earlier [...]
Why big firms are rarely toppled by scandals May 16, 2022 Everyone makes mistakes. And that includes the world’s biggest companies, which are reliably prone to gaffes, errors of judgment and wrongdoing. Some of these moments could even be labelled as corporate scandals – the kind of incident which shoves firms into the spotlight and places their activities under detailed public scrutiny. But do these events [...]
The Airbus v Qatar Airways’ feud: All you need to know about the $1bn corporate divorce saga April 23, 2022 The latest chapter in the Airbus v Qatar Airways’ saga took place earlier this month when the corporate divorce battle reached judges in the UK. Qatar Airways and Airbus faced each other in a London court on 7 April, for the first since the airline filed a $1bn lawsuit after it was forced to ground [...]
FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets May 24, 2024 Asian stocks fall on speculation of delayed Fed rate cuts; US approves Ethereum ETFs; eyes on UK retail sales, US consumer confidence.
Directors only owe duty to creditors on real risk of insolvency, UK’s Supreme Court rules October 5, 2022 The UK’s Supreme Court has dismissed a claim calling for the law to be changed to force company directors to start taking creditors into account at the first risk of insolvency. The Supreme Court ruling reaffirms the current position in law, in stating company directors are only required to begin prioritising creditors if it is [...]
Bitcoin mining booms in US, crypto bank sues Federal Reserve, while ‘hodler’ losses mount June 14, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week testing the resistance at $30,000 but fell sharply.