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Diabetic Accounts: Was Patisserie Valerie ex-chair tricked by a false picture of the company’s health?
Insolvency

Diabetic Accounts: Was Patisserie Valerie ex-chair tricked by a false picture of the company’s health?

In January 2019 it was discovered that Patisserie Valerie, a chain that specialises in cakes, had manipulated their accounts by overstating cash by £30 million. They omitted a £10 million overdraft and disclosed £54 million in cash that simply didn't exist - the question remains - who should be held responsible?

0 Comments
June 26, 2019
Saving Small Businesses: MP Group Pushes for Commercial Banking Reform
Banking / Finance / Insolvency / Litigation / Reform

Saving Small Businesses: MP Group Pushes for Commercial Banking Reform

The All-Party Parliamentary Group (APPG, an independent organisation made up of MPs) has intervened in a Supreme Court case to help small businesses against financial institutions by closing a legal loophole which banks have used to exploit distressed companies.

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June 26, 2019
Virtually There: Linklaters launches a virtual reality internship
Employment / Miscellaneous / Technology

Virtually There: Linklaters launches a virtual reality internship

Linklaters’ new ‘virtual internship’ looks to aid social mobility and allow university students to replicate the real work of interns during the vacation scheme.

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June 26, 2019
Dublin in Size: Clyde & Co. announce intention to open an office in Dublin
Brexit / International Relations / Mergers & Acquisitions

Dublin in Size: Clyde & Co. announce intention to open an office in Dublin

On May 13, Clyde & Co.’s insurance partner, Garrett Moore, announced the company’s intention to open a Dublin office.

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June 26, 2019
Cat out of the Bag: Cat & Cloud Coffee fights back against construction giant’s frivolous trademark claims
Competition / Intellectual Property / Litigation

Cat out of the Bag: Cat & Cloud Coffee fights back against construction giant’s frivolous trademark claims

Caterpillar Inc, the world's largest construction equipment manufacturer with net revenue exceeding $54 billion, recently applied to cancel the trademarks of several small businesses with "Cat" in their name - including Cat & Cloud, a local coffee shop based in Santa Cruz, California.

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June 26, 2019
A Call for Change: Ofcom wants to end overpaying for phone contracts
Miscellaneous / Reform

A Call for Change: Ofcom wants to end overpaying for phone contracts

Internet and phone providers will now have to tell users when their contract is nearly over.

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June 26, 2019
Linking Up: Linklaters’ joint operations partner Zhao Sheng opens Bejing branch
Competition / International Relations / Mergers & Acquisitions

Linking Up: Linklaters’ joint operations partner Zhao Sheng opens Bejing branch

The Chinese government has allowed the Chinese law firm Zhao Sheng (who in April 2018 formed a Shanghai free trade zone joint operation with Linklaters) to open a second office in Beijing.

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June 26, 2019
Access for All: Regulators championing lawtech to increase access to justice
Justice / Miscellaneous

Access for All: Regulators championing lawtech to increase access to justice

The Solicitors Regulation Authority (SRA) is going to offer £250,000 to lawtech innovators to improve access to justice.

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June 26, 2019
Bad Sign: Ropes & Gray trainee barred for forgery
Criminal / Employment / Justice / Miscellaneous / White Collar Crime

Bad Sign: Ropes & Gray trainee barred for forgery

A former trainee at Ropes & Gray has been barred for tracing a client’s signature. She claimed the document with the forged signature was the document which had been lost.

0 Comments
June 25, 2019
Moving On: The FCA and Bank of England encourage banks to let go of LIBOR
Banking / Finance / Reform

Moving On: The FCA and Bank of England encourage banks to let go of LIBOR

Two years after Andrew Baily, head of the FCA (Libor’s regulator), effectively stated that LIBOR would be gone by 2021, the FCA and the Bank of England (BoE) recently encouraged banks to move to the new benchmark SONIA.

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June 25, 2019
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