ABI Slams Pension Accounting New study from Association of British Insurers (ABI), Understanding Companies' Pension Deficits, accuses key accounting standard, FRS17, of 'exaggerating' threat to pension schemes 28.03.07 Telegraph, Pensions
Le Loi des Whistleblowers Report will recommend France implements law to protect whistleblowers exposing corporate fraud and abuse, strong cultural resistance in state with history of anonymous denunciation 06.03.07 Times, Whistleblowers
RIM Admits Fake Option Prices BlackBerry maker Research in Motion has admitted 'almost all' stock options issued to senior executives were falsely priced, accounts to be re-stated, management re-shuffled 06.03.07 Telegraph, Stock Options
FSA Fine for Priniciples Breaches The Financial Services Authority (FSA) has fined David Whistance, the former Finance Director of W Deb MVL Plc (WDM), £30k for breaches of FSA Principles by failing to exercise due skill, care and diligence 12.04.07 Company Law, Financial Services Authority
AIM Rules Aim for Better Information The London Stock Exchange has introduced a new Rule Book for Nominated Advisers (Nomads), setting out duties and responsibilities, Disciplinary Procedures and Appeals Handbook accompanies these new Rules, changes to rules for Companies make it easier for the public to access key information 01.03.07 Law Now, Capital Markets, UK Listing Rules
Whistleblowing French data protection agency (CNIL) has published FAQs for organisations intending to implement a whistleblowing system in compliance with the single authorisation procedure, explains what a whistleblowing system is, if it complies with SOX financial and accounting requirements 15.05.06 Eversheds, Data Protection, Sarbanes Oxley, Whistleblowers
OFR for Telecoms The first Reporting Standard is aimed at all companies that are required to prepare an Operating and Financial Review, but the implementation guidance included with the Reporting Standard does set out examples of non-financial Key Performance Indicators (KPIs) which may be relevant to the telecoms sector 10.06.05 Law Now, Capital Markets Links, Company Law Links, Telcoms Links
Disqualification The trend for bringing non-executives to account for corporate failings has continued with the disqualification of a non-executive director of a former listed company who failed to deal properly with serious allegations about financial irregularities and about misconduct by the companys finance director 03.05.05 Law Now
HSE Director Liability Part of the Health and Safety Executives' (HSE)
'revitalising health and safety' strategy of 2000 was to
shine more light on corporate responsibility - in particular
directors' duties 14.02.05 Law Now, Health and Safety
Operating and Financial Review On 20 January the Government published a final draft of the Regulations that will require all UK quoted companies to produce an Operating and Financial Review (OFR) and all UK large and medium-sized unquoted companies to produce an expanded directors' report 28.01.05 Law Now, Company Law
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Pharma Business Counsel We have some exciting openings within the legal team to support our ever growing business, in Hertfordshire.
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Employment Solicitor You will act for a broad range of existing clients with a particular emphasis on clients in the education and public sectors, Newcastle. More >>
Restructuring Partner and is looking to recruit an additional partner to work on high profile and complex restructuring matters, in the City. More >>
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Senior Litigation Executives To work as part of the Legal team, managing a caseload, Yorkshire. More >>
Cashbox Director 'Simply Dishonest' Court rules that Carl Thomas, founder of stand-alone ATM business Cashbox, was dishonest in bidding for Thresher contract while negotiating rival bid on behalf of Hanco, where he was still employed, subsequent financial irregularities 28.02.07 Times, Company Law, Employment Law
AIDB Made to Pay for Mayflower Disciplinary Tribunal has rejected findings of Accountancy Investigation and Discipline Board (AIDB), part of the Financial Reporting Council, in respect of Mayflower, a bus company, orders Board to pay £1m to PwC and David Donnelly, concern at impact on investigations into Torex and MG Rover 15.02.07 Guardian, Financial Services
High Ct Allows Norris Extradition Ian Norris, former CEO of Morgan Crucible, has lost appeal on extradition, wanted in US on charges of price-fixing in carbon market, cartels were not formally illegal in UK at the time, prior to Enterprise Act 2002, question whether it is common law offence of conspiracy to defraud Times Decision helps SFO case against price-fixing in NHS drug supply 26.01.07 Times, Competition Law, Extradition, Fraud, NHS Drug Fraud
ECJ Rules Against ASW Pensioners ECJ has ruled that under 1980 EC Insolvency Directive, state does not have absolute duty to guarantee pension benefits in cases of insolvency, decision in Robins, Burnett v DWP, pensioners in Allied Steel & Wire (ASW), differs from that of Advocate General, who ruled for complete protection 26.01.07 Times, Law Now, Insolvency, Pension Protection Fund, Pension Regulator, Pensions
Lloyd's Names Denied Class Action High Ct has ruled Lloyd's investors have no right to compensation under EU insurance directive, rejects class action, case turned on claim of poor regulation of insurance in 1990s, leading to massive losses for Names 09.11.06 Reuters, Insurance
Deutsche Chief Faces Retrial Deutsche Bank CEO Josef Ackermann is to be retried for role in bonus payments during Vodafone takeover of Mannesman, prosecutors say payments were 'against the interest' of firms Telegraph Gasp 'of astonishment' at revelation of Ackerman's â¬15m a year remuneration 27.10.06 Times, EU Law
Compass to Settle Bid Rigging Suits Compass will pay £40m to settle two lawsuits brought by Es-Ko International and Supreme Foodservice, claiming £600m for rigging bids for contracts to cater for UN peace missions, 17.10.06 Telegraph, Corruption
Extradition Judgment due tomorrow on 'Enron 3', facing extradition to US under rules set up to speed transfer of terrorists Times Senior corporate lawyers to complain to Home Office at use of extradition laws to target executives 20.02.06 Financial Times, Enron, Extradition
Compass Contracts UN has dropped case against Compass subsidiary Eurest, suspected of corruption in contracts to feed peacekeeping troops, wish to avoid disruption 15.02.06 Telegraph