Ghosn down: Two Americans to serve time in Japan for role in ex-Nissan boss’ escape July 19, 2021 Two Americans have been given jail time in Japan for their role in the daring escape of former Nissan chief Carlos Ghosn from house arrest in 2019. The pair were extradited from the States after the Japanese Government alleged they helped smuggle Ghosn out of Japan in a luggage box aboard a private jet. They [...]
Will Smith should get the sack – his violence wouldn’t be tolerated in an office March 29, 2022 It’s bizarre to think of Will Smith getting the sack. He probably doesn’t ‘need’ work in financial terms, so being let go has a lesser value for him than others, but nevertheless he should be booted out. Yesterday at the Academy Awards in Los Angeles, Smith physically assaulted Oscars host Chris Rock live on stage [...]
KPMG told to expect £250m claim for Carillion collapse June 23, 2021 Accounting giant KPMG is expected to be told to pay £250m for its role in the collapse of outsourcing firm Carillion, its former client, in 2018. On behalf of the Insolvency Service, lawyers have warned KPMG to expect a claim. The expected move is part of an effort to reclaim funds that will be used [...]
Lebanese Lawyers sue UK-registered company over Beirut blast August 24, 2021 Lebanese Lawyers have filed a lawsuit against a UK-registered company over its alleged role in last year’s Beirut explosion which killed 200 people. The case was filed against Savaro Ltd, a chemical company, at the London High Court. The action was led by the Beirut Bar Association, a survivor of the blast and the families [...]
Things between Zurich and Greggs heat up as insurer insists on slicing bakery’s £100m covid claim to £2.5m December 14, 2021 Zurich Insurance has retaliated in a London court against a claim by bakery chain Greggs for between £50m to £100m in payouts for Covid-19 related losses, according to reports. The insurance giant told the court that its business interruption cover went up to £2.5m for a single event, according to Legal 360, which first reported [...]
Reining in ChatGPT: AI tech titans must navigate a regulatory maze to thrive in the UK and beyond February 14, 2023 As ChatGPT continues to amaze, and Alphabet and others try to follow suit, Jess Jones explores some of the legal and regulatory challenges facing AI tech, and what they mean for the UK’s ambition to become a science superpower. “The genie is out of the bottle – and it’s hard to imagine how it goes [...]
UK High Court: Brit who claims to have invented Bitcoin pursues damages claim October 8, 2021 The High Court is poised to reach a final decision in a defamation case involving an Australian computer scientist who claims he created Bitcoin. Dr Wright is pursuing a defamation claim against podcaster Peter McCormack who repeatedly accused him of fraudulently claiming to be Bitcoin’s pseudonymous inventor, Satoshi Nakamoto. The High Court today handed down [...]
High Court: Man claiming to have invented Bitcoin set to be awarded damages : CityAM October 8, 2021 The High Court is poised to award damages to an Australian computer scientist who claims he is Bitcoin’s pseudonymous founder, Satoshi Nakamoto. Dr Wright is pursuing a defamation claim against podcaster Peter McCormack who repeatedly accused him of fraudulently claiming to be Bitcoin’s elusive creator. The High Court today handed down an initial judgement at [...]
Ripple making waves against the SEC’s confusing crypto rule book June 2, 2021 Ripple’s legal battle with the SEC has taken a twist after the US regulatory authority suffered a setback in its pursuit of the blockchain-based digital payment company.
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns