A director who covertly sabotaged his board's strategy to sell a business breached his statutory duty to act in good faith, Britain's top court ruled Tuesday, holding that his belief that he was acting in the company's long-term interests did not excuse his conduct.
A director who covertly sabotaged his board's strategy to sell a business breached his statutory duty to act in good faith, Britain's top court ruled Tuesday, holding that his belief that he was acting in the company's long-term interests did not excuse his conduct.
The Treasury's champion of wholesale digital markets, Chris Woolard, has set out for Chancellor Rachel Reeves a 12-month plan to get companies, regulators and the government to develop online assets in wholesale financial markets.
The government began a "landmark" project on Tuesday with the financial services sector, designed to future-proof the industry for skills needed in the coming years, amid concerns over the "unprecedented disruption" posed by artificial intelligence.
Investors suing Boohoo Group PLC for more than £245 million ($328 million) argued Tuesday they should be able to use expert evidence during a preliminary trial of claims that the fast-fashion retailer made misleading statements about its use of sweatshops.
The Financial Conduct Authority said Tuesday that its board has appointed former Macfarlanes LLP lawyer Dan Lavender to its committee that ensures contested enforcement decisions are made fairly.
The nation's largest pension schemes have £5.3 billion ($7 billion) invested in U.K. unlisted markets, according to data published by the sector's regulator, as the government pushes ahead with its megafund reforms.
Ropes & Gray LLP is set to lose a finance lawyer to rival Kirkland & Ellis LLP in Paris, a little more than a year after Ropes & Gray opened its office in the French capital.
While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.
