Law

The US government may ask a judge for an order to dissolve Alphabet, Google's parent company. The US Department of Justice has listed this as one of the remedies after a judge ruled in August that Google built an illegal monopoly. In…

GSK, the second largest pharmaceutical company in Britain, has agreed to pay up to $2.2billion to settle 80,000 US court cases involving its blockbuster drug Zantac. GSK announced after the London stock exchange closed that it had…

The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a High Court case over aircraft leases between a London investment firm and a Vietnamese airline. Vietjet is a private airline…

Martyn Day stared at tanks from his window. In 2006, Leigh Day's co-founder travelled to Ivory Coast in order to fight a lawsuit against Trafigura. Trafigura was accused of dumping toxic materials off the coast. When the Yorkshire-bred…

Next warned it may be forced to shut down stores following a legal victory over equal pay. The retailer is expected to lose more than £30million after the landmark case. In a recent report, the FTSE 100 clothing chain and homewares company…

A left-of centre thinktank is urging Rachel Reeves to announce in the budget next month changes to capital gains, inheritance tax, and national insurance that would raise over £20bn per year for Treasury. The Resolution Foundation, which…

The City regulator brought its first criminal charge against an individual who was allegedly operating a network illegal cryptocurrency ATMs. Olumide Osunkoya has been accused by the Financial Conduct Authority for operating illegally…

Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over "sweetheart tax deals". The European Court of Justice reversed an earlier ruling that favored the technology group and found that Ireland…

In a landmark achievement for the legal sector, DLA Piper has become the first English law firm to break the £3 billion annual revenue barrier. The firm, which originated in Yorkshire before expanding globally, reported a 6.3% increase in…

Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of "perfidy" and "deceit of Shakespearean proportions". Musk's latest attack on OpenAI, the company he founded in 2015,…

Clifford Chance's top partner pay increased by £40,000, to an average of £2,04 million. The City law firm has reported its best financial results in seven years. The company "magic circle", announced that its revenue for the fiscal year…

GSK's market value was reduced by almost £7 billion after it suffered a major setback in the costly legal battle that the company fought over Zantac. A state court in the United States ruled on Friday evening, after markets had closed,…

GSK suffered a major setback in its legal battle against the discontinued heartburn drug Zantac after a US judge waved through the lawsuits filed by 72,000 people claiming it caused them cancer. The Delaware State Court decided late…

Lawyers warn that businesses could be hurt by competition laws becoming a new source of income Justin Le Patourel, just moments before the UK's very first class-action lawsuit was to start, made a final plea to BT. Former Ofcom…

The deputy UK foreign secretary said that nearly 40% of dirty money is sent through the City of London, and other Crown dependencies. Andrew Mitchell said the Foreign Office will be putting pressure on crown dependencies, overseas…

Uber's operating income was less than a quarter what Wall Street expected. The ride-hailing company reported that it had made $172 in the first three months of this year. This is far less than the analysts' forecast of $600, but it was…

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…

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…