Vietnamese woman sentenced to death for £10bn white collar crime April 11, 2024 Truong My Lan (67), the founder of Van Thinh Phat Group, a real estate development group, was arrested in 2022 for her role in a £10bn financial fraud, the country's biggest on record.
Top UK law firms borrowing more as lawyers struggle to get clients to cough up April 11, 2024 The total debt at the UK’s top 50 law firms has hit £5.4bn, as the tougher economy sees firms struggle getting clients to pay their bills. According to data shared exclusively with City PM by accountancy firm Lubbock Fine, the total debt has hit £5.4bn, up by £177m in the past year. The data is [...]
Alpha Financial Markets: Consultancy sees trading boost despite ‘challenging market conditions’ April 11, 2024 Alpha Financial Markets Consultancy, which offers professional services to the financial services industry, has reported improved trading in recent months after "challenging market conditions" dragged on performance at the start of 2024.
Why the ‘McMafia’ law failed to root out kleptocrats’ ill-gotten gains April 11, 2024 A legal tool designed to sniff out illicit wealth was meant to help rid the City of dirty money. But it hasn't quite delivered the results the government might have hoped for, Ben Lucas reports
HMRC roasted by ‘mega’ marshmallows after Tax Tribunal dismisses appeal April 10, 2024 A London-based wholesaler of American sweets and treats, Innovative Bites, appealed after the HMRC decided that 'mega marshmallows' was confectionery and ought to have been standard rated.
US regulator slaps KPMG’s Dutch arm with record-breaking fine over exam cheating April 10, 2024 The penalty is the largest fine the PCAOB has ever imposed. The regulator also singled out former head of assurance, Marc Hogeboom, stating that he directly and substantially contributed to the violations.
BBC faces £100k libel trial by Tory donor over Pandora Papers Panorama April 10, 2024 Mohamed Amersi, who has been reported to have donated over £500,000 to the Conservative Party since 2016, brought the legal action against the BBC.
London-based accountancy firms BKL and Wilson Wright have merged April 9, 2024 The firms, BLK and Wilson Wright, merged on 2 April and will have two bases in London: BKL’s office in North London and Wilson Wright’s office in Central London.
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits April 9, 2024 The club has refused to supply Sports Direct - and its former owner Mike Ashley - with its upcoming replica kit, as it now has an exclusive retail arrangement with JD Sport.
Partnership crisis: Gen Z doesn’t want to follow the traditional legal career pathway April 9, 2024 The poor work-life balance is putting the new generation of associates off partnership according to a new survey by LexisNexis.
