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Legal News

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The latest UK and international law news. Public, business and corporate law news, legal columnists, student advice and comment from a panel of law experts

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Last Entry: June 15, 2010 at 11:08:00

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Europe plans to relax state aid and VAT

Posted on July 07, 2008
The European Commission proposed a shake-up of its value added tax and state aid rules yesterday in an attempt to help small businesses, to promote economic growth and to cut administrative red tape.


Credit-rating agencies to face regulation

Posted on July 07, 2008
Europe's chief financial regulator will tell its finance ministers today that he intends to table legislation in the autumn to regulate the activities of credit-rating agencies. The move by Charlie McCreevy, the European Internal Markets Commissioner, comes as Alistair Darling is expected to press for Brussels to begin a more wide-ranging review of the role of ratings agencies in Europe's broader system of financial regulation.


Amiable Irishman gets tough as OFT takes aim at unfair practices

Posted on July 06, 2008
John Fingleton has a confession to make. The scourge of British business, the man who, as chief executive of the Office of Fair Trading (OFT), issued £237 million of fines last year, has raided supermarket head offices and gone toe-to-toe with the banks on overdraft fees is, well, a bit of a softie.


Top barristers battle over BAE Systems arms deal with Saudi Arabia

Posted on July 06, 2008
Two of Britain's highest-paid and most sought after QCs will go head to head during the Serious Fraud Office's appeal against a High Court ruling that it unlawfully halted its investigation into the BAE Systems arms deal with Saudi Arabia.


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SFO proposes plea-bargain system for British companies

Posted on July 05, 2008
BRITISH companies will be able to admit bribery offences in return for more lenient sentences under a plea bargain-style system to be put forward by the Serious Fraud Office (SFO) this week.


Postcode lottery of rape conviction

Posted on July 05, 2008
Women who report a rape are five times less likely to see their attacker convicted in some parts of the country than in others, according to new research.


Linklaters follows rivals with record £1.29bn turnover

Posted on July 04, 2008
Linklaters has followed its rivals in announcing a record turnover today, although it narrowly missed overtaking Clifford Chance as the world's biggest firm.


Linklaters reveals record profits on back of emerging markets

Posted on July 04, 2008
Linklaters capped an extraordinary year for the City's leading law firms yesterday by announcing a record turnover of £1.2 billion, but failed to overtake Clifford Chance as the world's largest firm.


EasyJet faces flying visit from bailiffs

Posted on July 04, 2008
A court has asked bailiffs to reclaim £400 from easyJet to compensate a passenger who missed his flight home when his train was delayed by flooding.


Overcharged British Airways and Virgin Atlantic passengers to claim compensation

Posted on July 04, 2008
Millions of Britons who flew across the Atlantic between two and four years ago are being invited to claim a share of more than £70 million that has been ordered to be handed over to them.


Crunch decision goes against taxmen as court rules a Pringle is not a crisp

Posted on July 04, 2008
When is a crisp not a crisp? When it is more like a cake or biscuit. And when its shape is derived not from nature but nurture.


Feel free to run wild in your garden, says judge

Posted on July 04, 2008
What constitutes a garden and gardening has been redefined by a judge who ruled that chopping down a swath of trees can count as weeding rather than forestry.


Guy Hands sues Baker Tilly over 'negligent' tax advice

Posted on July 04, 2008
A group of wealthy individuals including Guy Hands, the private equity luminary, have accused Baker Tilly, the accountancy firm, and a leading barrister of professional negligence in £23 million compensation claim.


Vodafone defeats Customs in £2bn tax fight

Posted on July 04, 2008
Vodafone, the world’s largest telecoms group, has won a £2 billion tax battle with Revenue and Customs (HMRC) that could lead to billions of pounds of savings for other UK-based multi-nationals.


Tempus analysis: Delayed reaction

Posted on July 04, 2008
Results season among City law firms ended today as Linklaters announced its figures. They were eagerly awaited: would it surpass Clifford Chance as the world’s biggest firm? Would it match the astonishing rise in profitability of bitter rival Freshfields?


Analysis: Words of reason to cool Muslims row

Posted on July 03, 2008
When the Archbishop of Canterbury waded into the choppy waters of Sharia this year, he caused uproar - not least, by his own subsequent admission, because of the “unclarity” of his remarks.


Internal Revenue Service asks accountancy firms to help stop tax evasion

Posted on July 03, 2008
The United States Internal Revenue Service is calling on the world's biggest accounting firms to strengthen its campaign against tax dodgers, two days after securing the backing of a federal court to track down UBS customers suspected of evading US taxes using Swiss accounts.


Case dismissed: Lord Chief Justice lays down law on Sharia

Posted on July 03, 2008
Britain's most senior judge declared last night that there was no place for Sharia courts in this country and insisted that all residents were governed by the laws of England and Wales.


Refco boss Phillip Bennett jailed for 16 years by US judge

Posted on July 03, 2008
Phillip Bennett, the British former chief executive of Refco, was sentenced to 16 years in an American prison yesterday after pleading guilty to criminal charges over a scheme to hide the commodities broker's financial problems.


Oligarchs to settle $4bn battle in High Court$

Posted on July 03, 2008
A $4 billion dollar legal dispute between two Russian oligarchs will be decided in London after an English judge said that the danger of assassination and lack of a fair trial made it too risky to try the case in Russia.$


Allen & Overy's £1billion turnover confirms London as centre of the legal world

Posted on July 03, 2008
Britain's four largest law firms each earned more than £1 billion last year, confirming London's emergence as the centre of the global legal services market.


In court today

Posted on July 03, 2008
Old Bailey


Dwain Chambers’s legal sprint for a place in the Olympic Games

Posted on July 02, 2008
With the Beijing Olympics just weeks away, the disgraced sprinter Dwain Chambers is set to launch a legal claim to lift the ban that stops him taking part in the Games.


Fugitive hedge fund fraudster surrenders

Posted on July 02, 2008
A fugitive hedge fund fraudster who faked his own death to avoid a 20-year jail term has given himself up after nearly a month on the run.


Lloyds names face bankruptcy after court loss

Posted on July 02, 2008
Individuals who invested money through Lloyds of London are facing bankruptcy after losing a court battle against the world’s oldest insurance market.


Gurkhas lose High Court battle over pensions

Posted on July 02, 2008
Former Gurkha soldiers today lost their High Court battle over a pensions deal with the Ministry of Defence, which they say has left them struggling to live.


Heyday takes mandatory retirement challenge to Europe

Posted on July 02, 2008
A controversial law that allows British employers to force workers to retire at 65 will was challenged in Europe’s highest court today.


Hedge funds angry at new FSA rules on secret stakes

Posted on July 02, 2008
Investors who secretly build stakes in listed companies using synthetic instruments will have to disclose their holdings when they exceed 3 per cent, under new rules announced yesterday.


Britain's buggies march into battle against eBay

Posted on July 02, 2008
Two of Britain's most popular baby buggy brands have joined the front line in the growing global battle between retailers and eBay, the internet auction site.


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