HS2 opponents lose new appeal July 24, 2013 CAMPAIGNERS against the High Speed 2 rail link yesterday lost their latest attempt to block the project – but the judges have given them permission to appeal to the Supreme Court. The Court of Appeal yesterday rejected all seven grounds argued by three group of objectors to the £42.6bn scheme, upholding an earlier High Court [...]
New York judge orders JP Morgan to pay $42.5m to Len Blavatnik August 26, 2013 A NEW York state judge has ordered JPMorgan Chase & Co to pay the billionaire Leonard Blavatnik $42.5m (£27.3m) plus interest, finding the bank liable for breach of contract after it was accused of mismanaging an investment account by betting on risky mortgage securities. In a decision made public yesterday, New York State Supreme Court [...]
China’s Bo Xilai is jailed for life for corruption September 22, 2013 A CHINESE court sentenced ousted senior politician Bo Xilai to life in jail yesterday after finding him guilty of corruption and abuse of power, a tough term that gives him little chance of staging a political comeback. Bo was a rising star in China’s leadership circles and cultivated a loyal following through his charisma and [...]
Barrick Gold Chilean mine hit by protest July 22, 2013 A GROUP of indigenous Chileans have asked the country’s Supreme Court to revoke the environmental license of Barrick Gold’s Pascua-Lama gold mine, it emerged last night. The Copiapo Court of Appeals last week ordered a freeze on construction at the project, until the company builds infrastructure to prevent water pollution. However, it did not terminate the project. [...]
What the other papers say this morning – 30 October 2013 October 29, 2013 FINANCIAL TIMES Whitehall slow to pay suppliers Ministers are breaching their own rules on paying government suppliers, according to figures seen by the Financial Times. EU rules say departments must pay firms that have supplied them within 30 days. The Ministry of Defence has had to pay £21,000 in the last year because of late [...]
Verizon plans bond to finance Vodafone deal September 8, 2013 VERIZON could begin marketing the sale of up to $25bn (£16bn) in new bonds this week as part of its efforts to finance the purchase of Vodafone’s stake in Verizon Wireless. Verizon last week agreed to buy Vodafone’s 45 per cent stake in Verizon Wireless for $130bn, half of which will be financed by $61bn [...]
Court upholds pension appeal July 24, 2013 PENSION scheme members cannot jump ahead of other creditors when a company or bank goes bust, the Supreme Court said yesterday, in a landmark ruling that clarifies the ranking of creditors in an insolvency. The ruling was the result of a case brought by the administrators of the UK divisions of investment bank Lehman Brothers [...]
What the other papers say this morning – 29 August 2013 August 28, 2013 FINANCIAL TIMES Amazon tax fight in Supreme Court Jeff Bezos’s Amazon is taking a high-stakes legal battle to the US Supreme Court, hiring one of Washington’s most prominent lawyers Ted Olson to fight the taxation of its shoppers in New York state. Amazon wants the court to review a case about the most incendiary political [...]
Shares in Berlusconi’s companies remain elevated despite threat of political instability August 2, 2013 Shares in the companies owned by Italian prime minister Silvio Berlusconi have fallen on the news his four-year prison sentence for tax evasion was upheld, but still remain elevated from gains made since his final appeal with the supreme court began on Tuesday. While the court ruling arguably has no direct impact on the companies [...]
Supreme Court ruling on equal pay paves way for more claims October 24, 2012 A LANDMARK legal ruling on equal pay claims handed down by the Supreme Court yesterday could open the door for female workers in the City to make compensation claims against former employers. The Court, the most senior in the land, yesterday ruled scores of women previously employed by Birmingham City Council could seek compensation through [...]