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Legal News

International and UK Law

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

TNK-BP raid steps up fears over Kremlin line on foreign firms

Posted on March 19, 2008
Police seized documents yesterday from the headquarters of TNK-BP, the Anglo-Russian oil giant, in a raid that raises new fears over Kremlin pressure on foreign investors.

James Cayne risks lawsuit as he seeks counter-offer for Bear Stearns

Posted on March 19, 2008
James Cayne, the chairman of Bear Stearns, is trying to elicit a counter- offer for the stricken investment bank in a move that could lead to him being sued for breach of contract.

Pensioners ready for fight over nationalisation

Posted on March 19, 2008
Dennis Grainger was in hospital in Newcastle when Northern Rock, in which he had shares, went into financial crisis. Mr Grainger, 61, a retired employee of the Tyneside-based mortgage bank, had been admitted for an emergency operation.

Merrill Lynch sues bond insurer over claims

Posted on March 19, 2008
The credit crunch passed another milestone yesterday as Merrill Lynch became the first known investor to sue a bond insurer, claiming that Security Capital Assurance was attempting to avoid meeting claims on $3.1 billion ($£1.6 billion) of souring bonds.

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The Law Explored: treason

Posted on March 19, 2008
Lord Goldsmith, QC, the former Attorney-General, recently published a report — “Citizenship: Our Common Bond” — in which he recommends that the laws of treason should be redesigned. The idea is to make the citizen’s duty of allegiance to the country “more relevant to modern conditions”...

Judges reject Islamic 'phone marriage' with woman in Bangladesh

Posted on March 19, 2008
Three senior appeal judges have refused to recognise an “over the telephone” Muslim marriage between an autistic British man and a woman in Bangladesh — even though the union is valid according to sharia or Islamic law.

SocGen rogue trader Jerome Kerviel released

Posted on March 18, 2008
Jérôme Kerviel, the rogue trader who lost almost €5 billion (£3.8 billion) through unauthorised bets on the stock market, was granted bail yesterday in a move likely to enhance his reputation as a French folk hero.

Diana, Princess of Wales and Dodi Fayed: the time has come for the jury to decide

Posted on March 18, 2008
The inquests of Diana, Princess of Wales, and Dodi Fayed reached a watershed yesterday when, after almost six months, they called their 252nd – and probably final – witness.

12 things we've learned from the Diana inquest

Posted on March 18, 2008
Was Henri Paul drunk when he drove the Mercedes into pillar 13 in the Alma tunnel, killing himself, Diana, Princess of Wales, and Dodi Fayed and injuring their bodyguard? Within days the French authorities said that Paul had been three times over the drink-driving limit...

Judgment in McCartney case not watered down by final diatribe

Posted on March 18, 2008
Mr Justice Bennett has delivered some tricky judgments in his time, but none as emotionally charged as yesterday’s. His decision on Monday that the judgment should be made public prompted Heather Mills to douse Sir Paul McCartney’s lawyer with a jug of water – just as the judge was leaving court.

Publicity made the outcome of McCartney case inevitable

Posted on March 18, 2008
The decision to publish the “warts and all” judgment on the financial battle between Heather Mills and Sir Paul McCartney is a sign of the wish among family judges for more openness in their courts. But the flow of media leaks in the case, the high-profile nature of the couple and intense media interest were equally strong factors in the judge’s decision, lawyers said yesterday.

Damning ruling that Heather Mills tried to bar is published

Posted on March 18, 2008
Heather Mills was castigated yesterday as a greedy fantasist who indulged in make-believe; a “less than candid witness” and a woman whose claims about her marriage to Sir Paul McCartney were “devoid of reality”.

Well at least there might be a song or two in this McCartney settlement

Posted on March 18, 2008
He was the one who sang that it was getting better all the time, while in the background John Lennon chimed that it couldn’t get no worse – so Sir Paul McCartney’s famed facility for looking on the bright side of life will probably soften the impact of the £25 million payout to a woman who, in all likelihood, he probably doesn’t care to set eyes on again.

Reckitt faces inquiries over 'plan' to maintain Gaviscon's dominance

Posted on March 07, 2008
Reckitt Benckiser faces a series of investigations by competition and health regulators over an alleged secret plan to maintain a monopoly in the supply of Gaviscon, the lucrative heartburn medicine. Internal documents show that executives at Reckitt, the Hull-based drug and cleaning products company, plotted under the codename “Project Eric” to block rivals from selling cheaper generic copies of Gaviscon...

'Rogue states' entitled to use British courts

Posted on March 07, 2008
Iran and other so-called "rogue states" are entitled to the co-operation of the British courts when pursuing the assets of alleged foreign criminals, a High Court judge ruled today.

City law firms continue to grow despite slowdown

Posted on March 07, 2008
The UK’s top 100 law firms have continued to grow despite signs that the economic downturn is beginning to have an impact, according to the figures from Deloitte.

The Water Cooler

Posted on March 07, 2008
* The Water Cooler received a For Immediate Release e-mail from the Bar Council. Thirteen students from Whitley Bay High School have won the national final of the Bar Mock Trial Competition. They practised for eight months, faced 200 students from 16 state schools from across the UK...

Weird Cases: temper, temper

Posted on March 07, 2008
<a href="http://www.timesonline.co.uk/tol/system/topicRoot/Weird_Cases/">Read more Weird Cases</a>

No prosecution on suicide-risk drug

Posted on March 06, 2008
A drugs manufacturer has been criticised, but not prosecuted, over claims that it withheld information about the increased risk of suicide for children taking Seroxat, the bestselling antidepressant drug.

Shell settles oil reserves action with $80m payout$

Posted on March 06, 2008
Royal Dutch Shell has agreed to pay $80 million ($£39.8 million) to settle an American class action lawsuit related to a 2004 downgrade of the oil giant's reserves.

CBI and ABI warn Alistair Darling over tax crackdown

Posted on March 06, 2008
Britain’s standing as a leading financial centre is in danger of being undermined by ill-thought-out changes to tax and regulation, the Treasury was warned yesterday by Britain’s main business group and the Association of British Insurers (ABI).

Legal rights to cohabiting couples are shelved

Posted on March 06, 2008
Plans to give two million cohabiting partners similar rights to married couples have been shelved by ministers.

Lehman suspends two traders

Posted on March 06, 2008
Investment bank Lehman Brothers has suspended two traders from its London office after identifying "issues" with some of their transactions.

Legal services set for 'Big Bang' as buyout fund targets law firms

Posted on March 06, 2008
<a href="http://www.timesonline.co.uk/tol/system/topicRoot/The_End_of_Lawyers/">Is this the end of lawyers? Join the debate</a>

How highly are distance degrees regarded in the City?

Posted on March 06, 2008
I was wondering how well external or distance degrees were regarded in the City. I am in the middle of studying an LLB with London University but am just not achieving the grades I did in my undergraduate (arts, first class) degree. Is the fact that I have been working full-time while studying going to impress prospective employers? Or is the 2:1 result still a priority?

60 lawyers caught up in mortgage fraud crackdown

Posted on March 06, 2008
The Solicitors Regulatory Authority (SRA), the body that regulates the legal profession in England and Wales, is investigating up to 60 lawyers on suspicion of mortgage fraud.

FSA drops plan to force banks to inform on clients

Posted on March 06, 2008
The Financial Services Authority (FSA) has dropped a plan to force investment banks to inform on companies they brought to market long after the initial flotation was completed, the regulator confirmed today.

Trustworthy, client-friendly and well paid - all signs of a lawyer?

Posted on March 06, 2008
What are solicitors for? Do they have public confidence and trust or are they seen more cynically as a bunch of rogues ready to fleece clients?

The Law Explored: cheating in exams

Posted on March 05, 2008
Over a million people a year take public exams in the UK. Now, alongside invigilators patrolling in the exam halls will be the reassuring presence of the criminal law.

Mark Stewart: 'We've never had a quiet spell'

Posted on March 05, 2008
It’s a cold, clear winter day, sunlight streaming into the upper floors of Clifford Chance’s palatial head office in Canary Wharf, in east London. The firm moved out here in 2003, breaking away from its rivals in the Square Mile, and now happily keeps company with major clients such as Barclays, Citigroup and Credit Suisse...

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