Hong Kong life insurance market value to exceed £73bn in next four years March 28, 2022 Hong Kong’s life insurance market value has been pegged to soar over the next few years, driven by the pandemic-era trend to get one’s affairs in order. The industry is forecast to grow at a compound annual growth rate of 6.6 per cent, and more than five per cent over the 2022. Analysts at GlobalData [...]
Dubai Sheikh labelled domestic abuser by judge as he loses custody of children March 25, 2022 A British judge has said Dubai’s sole leader inflicted “exorbitant” domestic abuse against his ex-wife, after he launched a campaign of “coercive ad controlling behaviour” against the mother of his children. The Family Court awarded sole custody for the couple’s two children, to the former wife of Dubai Sheikh Mohammed bin Rashid Al Maktoum, as [...]
Tory minister names and shames two more City law firms that worked for Russian oligarchs March 25, 2022 Cabinet minister James Cleverly has named two other law firms that sent legal letters to the Foreign Office seeking to challenge the government’s sanctions regime on behalf of “Russian or Russian-linked” clients. The Conservative MP said Canada law firms W Legal and Peters & Peters both sought to challenge the UK’s sanctions. In [...]
Transport secretary vows to force P&O to pay UK minimum wage and ‘U-turn’ on firing decision March 25, 2022 Transport secretary Grant Shapps has said he will force ferry operators to pay UK minimum wage whilst they’re in international waters, after calling for P&O boss Peter Hebblethwaite to resign from his position as head of the Dubai owned firm. The Tory minister said he will close the “loopholes” that let shipping companies pay seafarers [...]
Bar Council chief hits out at critics who say lawyers are enabling Vladimir Putin’s regime March 25, 2022 The head of the Bar Council has claimed lawyers are being unfairly criticised as “facilitators and enablers” of Vladimir Putin’s regime. Speaking at a service at Temple Church last night, Mark Fenhalls QC, chair of the body that represent barristers, hit out at critics of the lawyers who have worked for those with links to [...]
United Utilities says inflationary pressures will offset higher revenues this year March 25, 2022 The UK’s largest water company, United Utilities, has said it expects its higher revenues, which expects to post as part of its financial results in May, will be offset by higher costs, linked to mounting inflationary pressures. The Warrington headquartered utility said current trading is in line with expectations for the financial year ending on [...]
Hundreds of Knights’ worker opted into share options scheme as stock price plummets March 24, 2022 Shares in listed law firm Knights Plc continued to plummet today, as it emerged that hundreds of Knights’ workers had agreed to buy shares at more than double their current price, after opting into an employee ownership scheme. A total of 524 employees opted into Knights’ Save As You Earn scheme, which offered company employees [...]
British lawyers are being scapegoated for horrors in Ukraine, Law Society says March 24, 2022 The Law Society has claimed “British lawyers” are being turned into “scapegoats” for Russia’s invasion of Ukraine. In a letter to The Times, Law Society president I. Stephanie Boyce said lawyers have been “singled out” for their involvements with Russia, as she argued they have become scapegoats for the “horrors in Ukraine.” In response to [...]
Three quarters of separating couples are waiting for ‘no fault’ divorce law shakeup March 24, 2022 Government plans to bring in new “no fault” divorce laws next month could lead to a surge in the number of couples filing divorce proceedings. The release of pent-up demand, following the introduction of “no fault” divorce laws on 6 April, is expected to see a boom in demand. More than three quarters (78 per [...]
P&O ‘chose’ to break the law by firing 800 people, company boss says March 24, 2022 P&O Ferries’ chief executive has admitted the ferry operator broke the law by failing to consult employees and unions before sacking 800 people. Peter Hebblethwaite told MPs there was “absolutely no doubt” P&O broke UK employment laws, as he admitted the ferry firm “chose not to consult” employees and unions. “We chose not to consult [...]
