Search Results for: legal
Central Bank of Kenya says Bitcoin and similar products are not legal tender in Kenya
December 16th, 2015
Central Bank of Kenya says that public should desist from transacting in Bitcoin and similar products. According to the CBK’s release: The attention of the Central Bank of Kenya (CBK) has been drawn to media reports on the use, holding and ...
PwC pushes further into legal services
December 9th, 2015
PwC has continued its aggressive push into the legal space, aided by the firm’s appointment of a former Gilbert + Tobin partner as head of projects. Tony O’Malley, PwC Australia and Asia Pacific legal services leader, told Lawyers Weekly’s sister publication AccountantsDaily that the ...
Investors tell loss-making legal fund to wind down
November 18th, 2015
Legal finance fund Juridica Investments is winding up its operations after a 60% slump in its share price this year. Legal finance fund Juridica Investments (JIL) has bowed to shareholder pressure and agreed to wind up its operations after a 60% slump in ...
Deutsche legal advisers face uncertainty as bank retrenches
November 2nd, 2015
Embroiled in regulatory investigations, the bank has set aside €1.2bn for litigation costs, is cutting 9,000 jobs and leaving 10 countries as it seeks to reduce the risks to which it is exposed. On top of the 9,000 job ...
Cyprus Bar Association face price-fixing challenge following a formal legal complaint
October 27th, 2015
A formal legal complaint against the Cyprus Bar Association at the European Competition Commission is planned by an organisation that is challenging the price-fixing of lawyers’ fees in Cyprus for out-of-court cases. A NEW organisation calling itself ‘Fairness in ...
Brussels orders EU countries to claw back ‘illegal’ tax rulings
October 22nd, 2015
Europe’s competition chief ordered the Netherlands to recover €20-30 million in back taxes from Starbucks on Wednesday (21 October) and told Luxembourg to claim the same amount from Fiat Chrysler Automobiles. The move is a heavy blow to profit-shielding ...
$1B in legal fees for recovery of Madoff losses is a ‘good return on investment’
October 22nd, 2015
Lawyers recovering money for victims of Bernard Madoff’s Ponzi scheme say total legal fees in the case could reach $1 billion. In an interview with ABC News, court-appointed trustee Irving Picard of BakerHostetler said the fees are a “very good ...
Economic modelling of Brexit implications for legal services sector
September 29th, 2015
The legal services sector would be disproportionately disadvantaged compared to the whole UK economy if the UK were to leave the European Union, according to economic analysis commissioned by the Law Society. Oxford Economics extended their industry-leading Oxford Global Economic ...
EY legal arm plans doubling of lawyer team in UK
September 25th, 2015
The Big Four accountancy firm, previously known as Ernst & Young, plans to increase its UK legal team from 30 to 60 lawyers within a year. Looking beyond the 12-month horizon, Philip Goodstone, head of EY’s legal services, said: ...
Securities broker dealer for bankruptcy liquidation amid legal claims
September 25th, 2015
An 82-employee securities broker-dealer has shut down and filed for Chapter 7 bankruptcy liquidation after customers asked a federal judge to enforce a $1.54 million arbitration award. Fintegra’s Sept. 16 petition for bankruptcy protection lists $1.8 million in assets ...
