Just over four years after Enron became the largest bankruptcy in corporate history, costing employees and investors billions of dollars, the company’s founder and its former chief executive will finally get their day in court. Jeffrey Skilling’s role in the collapse of the former energy giant is examined in the documentary film “Enron: Smartest Guys […]
The latest claims — which are being brought against the firm by intranet projects manager Shazia Wahab — were reaching the close of an employment tribunal. Wahab has made two separate claims against the firm for discrimination covering sex and race, and discrimination against her as a part-time employee. The Department of Trade & Industry
In Indonesia’s latest bombing incident, at the Marriott Hotel in Jakarta, accusatory fingers are once again pointed at Jemaah Islamiyah (JI), the terror network allegedly linked to al-Qaeda. The trail pointed to JI even before the smoke from the rubble had settled. This is because in past weeks Indonesian police have arrested suspected JI members.
The move highlights the difficulties that the large accountancy firms face in trying to retain tax work revenues following last year’s clampdown on the non-audit services they can offer audit clients. Regulators and politicians became concerned in the wave of corporate scandal that the independence of audits was being jeopardised by accountancy firms gaining lucrative
Rationalisation and consolidation have been the hallmarks of the year in New Zealand, as the drift of corporate head offices to Australia has forced practices to meet the challenge of ever increasing competition within a shrinking domestic market. “I’d say the market in New Zealand has been a lot more competitive for a lot longer
Hammonds’ average profits per partner have slumped 18 per cent from £330,000 to £272,000. Turnover for 2003-2004 is down 1 per cent to £136m, which includes a £7.1m loss of revenue due to the departure of the entire commercial insurance team at the beginning of the last financial year. Senior partner Richard Burns said: “We
Berwin Leighton Paisner walked away with the prestigious, Law Firm of the Year award but the biggest cheer of the evening went to the winners of the Public Sector Team of the Year Award: the Hutton Inquiry team. It was that inquiry which had “ruined the summer” of the host for the evening, Tony Blair’s
Linklaters has been hit by another wave of partner defections to US firms after losing highly rated structured finance expert Richard Hughes to Sidley Austin Brown & Wood. At the same time, Latham & Watkins’ Paris office has taken a second capital markets partner from Linklaters in little over a year with the hire of
The quality of a journalist’s notetaking took centre stage in a court case yesterday that will determine whether a City firm can proceed with a £230m libel action against the Financial Times. Lawyers acting for Collins Stewart Tullett, which is suing the FT over an article published in August 2003, tried to persuade Tony Tassell
After three months of talks, Boston-based Ropes & Gray and New York intellectual property firm Fish & Neave have decided to join forces. The leaders of the two firms said Monday that they expect to merge around the end of the year. While 150-lawyer Fish & Neave will be absorbed into the 580-attorney Ropes &
