Search Results for: legal
VW sued by first German customer
February 7th, 2017
Deutsche See, an environmentally conscious fish distributor, became Volkswagen’s first major German customer to sue VW over misrepresenting their vehicles as being environmentally friendly. Deutsche See’s complaint alleged “malicious deception” and was filed at the ...
Switzerland to vote on corporate tax unification
February 7th, 2017
Swiss voters will vote next week on whether to reform corporate tax and remove the reduced tax rates that Switzerland currently grants to multinational firms Voters will be asked whether they accept the federal law that was adopted by ...
Oil prices rise on the heels of sharp losses; production data ahead
February 7th, 2017
Crude oil prices rose slightly on Tuesday, though investors are eagerly awaiting production and inventory data from the Organization of the Petroleum Exporting Countries. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH7, ...
$50bn Russian oil lawsuit set for next stage; Yukos
February 7th, 2017
Russian businessmen trying to overturn a decision to deny them a record $50bn arbitration award following the collapse of oil company Yukos will file their grounds of appeal next month. The businessmen are all ex-shareholders at the company, which ...
Thomson Reuters to acquire Clarient Global and Avox Limited
February 7th, 2017
Thomson Reuters has signed definitive agreements to acquire Clarient Global LLC and Avox Limited. Clarient is a leading global Know Your Customer (“KYC”) and client reference data platform owned and used by the Depository Trust & Clearing Corporation (“DTCC”), ...
Liverpool Gets Its Own Digital Currency
February 6th, 2017
Liverpool, home of the 1960s English rock band, The Beatles, has become the latest destination to launch its own digital currency. Launched a month ago by Colu, a Tel Aviv-based technology company, the Liverpool Local Pound (LLP) already has ...
Switzerland initiates consultation on new Fintech regulations
February 4th, 2017
During its meeting on 1 February 2017, the Federal Council initiated the consultation on amendments to the Banking Act and Banking Ordinance in the fintech area. The revision should ensure that barriers to market entry for fintech firms are ...
International law firm appoints team from PwC and establishes international tax disputes practice
February 3rd, 2017
Bird & Bird has today launched an international tax disputes practice based in the UK, with the appointment of a team from PricewaterhouseCoopers (‘PwC’). Andy Brown and Julian Balson join as partners, along with Ben Holloway as Legal Director, ...
Virtual reality lawsuit costs Facebook $500m
February 2nd, 2017
Facebook-owned virtual reality company Oculus has been ordered to pay out half a billion dollars to rival games company ZeniMax. The lawsuit between Oculus and ZeniMax centred on allegations that Oculus chief executive officer Palmer Luckey had violated a ...
Leading law firms announced tie-up and launched globally
February 2nd, 2017
Eversheds Sutherland, created by the combination of leading law firms, Eversheds, headquartered in the UK, and Sutherland Asbill & Brennan LLP, based in the US, launches globally today under the name Eversheds Sutherland. With more than 2,300 lawyers in ...
