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Law
Shell earns $1bn per year in US oil trading according to court documents
Shell's oil trading activities in the United States generate about $1 billion per year, according to court documents that provide a rare glimpse into Shell's secrecy trading division.
A former Shell employee revealed the figure in court…
Tax havens are ‘using all the tricks in the book’ to avoid transparency
According to a recent report, tax havens make "glacially" slow progress on transparency measures to combat economic crime.
Gibraltar, the only jurisdiction with a fully functional and public beneficial owner register in the UK, was…
Boeing whistleblower killed in truck
In South Carolina, a Boeing whistleblower was found dead. He had been giving testimony in a suit against the company.
John Barnett, who retired in 2017 from Boeing after 17 years' service, later claimed that the company had serious…
Stability AI rejects claims of photo copyright in High Court Case
Stability AI denied accusations of copyright infringement by Getty Pictures, calling them "vague" and "general". This is the latest conflict between a tech company and a creative firm over intellectual property.
Stability, in a defense…
Marks & Spencer faces a lawsuit from Ocado over an online grocery deal
Ocado, amid a growing dispute over performance, has threatened to sue Marks & Spencer for a payment of multi-million pounds made as part of their online grocery partnership.
Ocado Retail, the joint venture between M&S and Ocado…
Court to tell Bank that they encouraged Libor rigging
In a dispute between Lloyds Banking Group and a businessman worth £1.3 billion, the High Court will hear claims that the Bank of England encouraged manipulation of Libor.
Ardeshir Naghshineh is suing Lloyds for allegedly "fraudulently…
GSK faces a pivotal moment when the Zantac hearing begins
Leading British drug companies, together with other pharmaceutical groups are urging an US judge to rule that the evidence plaintiffs' attorneys want to use to support their 72,000 lawsuits alleging that discontinued heartburn drug Zantac…
Woodford compensation deal could set a dangerous precedent
Experts claim that the City regulator’s £230m compensation deal for Woodford Investors is "likely" to set a "dangerous precedent" for UK finance by removing the "cornerstone protection" of investors.
Five academics with expertise in…
Allen & Overy launches AI-based contract negotiation tool to challenge the legal industry
Allen & Overy, a magic circle law firm, has developed a tool for artificial intelligence-based contract negotiations. This technology threatens to disrupt traditional legal practices.
The UK-based group, in partnership Microsoft and…
The UK Supreme Court has ruled that Deliveroo riders do not count as employees
In a landmark ruling for the gig-economy, the UK Supreme Court ruled that Deliveroo riders could not be recognized as employees and cannot be represented by unions to engage in collective bargaining.
The Independent Workers' Union of…