Search Results for: legal
Cadbury’s Parent company made millions in profits but paid no corporation tax thanks to legal accounting techniques
October 17th, 2016
Cadbury’s American owners paid no UK corporation tax last year Parent company Mondelez UK made profits of £177million in 2015 It should have handed over £36million – but the company avoided payment Cadbury’s American owners were under fire last ...
Company to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors
October 14th, 2016
The Securities and Exchange Commission announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for stocks.” An ...
Chinese lawyers demand State Council to recall rules aimed to silence legal practitioners
October 12th, 2016
A total of 168 lawyers signed a petition letter sent to the State Council on Saturday, demanding revocation of amended regulations on law firms seen as a further attempt to silence legal practitioners critical of the authorities. The lawyers ...
Fifa faces legal challenge ahead Qatar 2022 World Cup
October 10th, 2016
Fifa is facing legal action in the Swiss courts over its alleged complicity in the mistreatment of migrant workers in Qatar ahead of the 2022 World Cup, the Guardian can reveal. Since Fifa voted in December 2010 to hold the ...
Fund giant wins £10.4m legal claim against co-founder
October 5th, 2016
Marathon Asset Management has won a four-year legal battle against co-founder Jeremy Hosking, winning a £10.4 million claim against him for breach of ‘contractual and fiduciary duties’. Marathon, which runs $50 billion (£39 billion) in institutional mandates, has been ...
PwC to integrate PwC legal into its UK business
October 3rd, 2016
PwC, the professional services firm, is to integrate PwC Legal into its UK business with effect from 1 October to become a multi-disciplinary practice. This follows the approval by the Solicitors Regulation Authority (SRA) of PwC Legal as an ...
Apple Ordered to pay $302 million in damages in a Patent legal case
October 3rd, 2016
A federal jury in Texas on Friday night ordered Apple to pay more than $302 million in damages for using VirnetX Holding Corp’s patented internet security technology without permission in features including its FaceTime video conferencing application. The verdict came in ...
Tesco faces UK legal action over accounting scandal
October 3rd, 2016
Tesco is facing a legal action by a group of investors who claim to have lost £150m due to the supermarket’s 2014 accounting irregularities scandal. “Shareholders were misled by information inaccurately provided to the market with knowledge by management,” ...
Three international Legal firms are to merge
September 30th, 2016
CMS, Nabarro and Olswang confirm ‘combination’ talks Three London-headquartered international firms with a combined turnover of nearly £1bn are to merge, according to press reports last night. An announcement involving CMS Cameron McKenna, Nabarro and Olswang is imminent, The Lawyer reports. ...
FTSE-100 sets aside billions for legal bills
September 26th, 2016
Top UK-listed companies under intense regulatory scrutiny are setting aside more cash than ever before for anticipated legal bills, according to latest research. Thomson Reuters says FTSE 100 companies set aside £31.3bn last year – up nearly £6bn on ...
