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News in-depthChinese equities
China reforms its unloved state-owned enterprises to win back investors
...China’s unfashionable state-owned enterprises are getting a second look from investors as their stocks beat the broader market and Beijing judges executives on share price performance....
April 17, 2024
UK local government finance
Council tax bills across England rise by maximum allowed
...“This has loaded the cuts into the most visible parts of where people judge the state,” said Tony Travers, professor in the department of government at the London School of Economics....
March 21, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
ExplainerUK immigration
What next for Sunak’s plans to fly UK asylum seekers to Rwanda?
...But under the accord, Rwanda is obliged to recruit independent experts to advise on its asylum applications and appeals process and to recruit international judges to support and oversee the system....
April 23, 2024
Commercial property
‘Skyscraper queen’ leaves CBRE as New York property crisis deepens
...Harmon sold it in 2015 for $5.45bn after the original deal soured....
February 5, 2024
News updates from January 17: US retail sales beat expectations in December, Lagarde says ECB likely to cut rates this summer
Judge blocks JetBlue’s proposed $3.8bn takeover of Spirit Airlines
...Judge William Young on Tuesday halted the companies from closing the deal after US authorities and states last year sued to halt the transaction because it would reduce competition in the passenger aviation...
January 16, 2024
News updates from January 16: Fed’s Waller says 2% inflation in sight, Senior Tories resign over Rwanda bill
Judge blocks JetBlue’s proposed $3.8bn takeover of Spirit
...Judge William Young on Tuesday permanently enjoined the companies from closing the deal after US authorities and states last year sued to halt the transaction on the basis that it would reduce competition...
January 16, 2024
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Climate legislation
Republican states step up legal threats to Biden’s climate agenda
...In December, 11 states also sued the EPA over handing tribes veto power over new energy projects, although last month a federal judge denied their request for a preliminary injunction....
April 12, 2024
Ben Houchen
Teesside body faces potential £4mn legal bill after losing access case
...That offer was rejected “out of hand” by the claimants two days later, said the judge. “Had that offer been accepted, significant parts of the costs of the trial would have been avoided,” he added....
March 28, 2024
Chinese business & finance
Chinese state-owned bank seeks liquidation of property developer Shimao
...In January, judge Linda Chan ordered the liquidation of Evergrande’s Hong Kong entity more than two years after its 2021 default set off a wave of similar failures across its peers....
April 8, 2024
UK immigration
House of Lords inflicts fresh defeats on Rishi Sunak’s Rwanda bill
...The government has also signed a separate treaty with Kigali to address concerns raised by the judges....
March 20, 2024
News in-depthUK Budget 2024
‘Disastrous’: Justice system leaders warn Hunt against further austerity
...Senior judges have raised concerns about the lack of investment in the justice system....
March 4, 2024
News updates from January 30: Microsoft posts record revenue, Eurozone economy stagnates in Q4
Hong Kong equities decline in early trading after Evergrande winding-up
...On Monday, a Hong Kong High Court judge ordered China Evergrande, the highly indebted property developer, to be wound up. Japan’s Topix edged up 0.1 per cent and South Korea’s Kospi rose 0.5 per cent....
January 30, 2024
News updates from January 29: US mistook enemy drone as its own in Middle East attack, Evergrande ordered to liquidate
Chinese equities lag rest of Asia after Evergrande ordered to liquidate
...Hong Kong High Court Judge Linda Chan on Monday ordered China Evergrande, the world’s most indebted property developer, to be wound up....
January 29, 2024
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
Tesla shareholders to vote ‘immediately’ on moving incorporation to Texas, says Musk
...Musk’s Tesla pay package of $56bn was voided by a Delaware judge on Tuesday. Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
February 1, 2024
Tesla Inc
Tesla shareholders to vote on moving incorporation to Texas, says Musk
...The billionaire posted his comments about shifting to the state where Tesla’s physical headquarters are located following the ruling this week by Kathaleen McCormick, a judge in the Delaware Court of Chancery...
February 1, 2024
FT Live
Innovative Lawyers Awards Europe
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 12 SeptemberLondon, UK
Climate change
SEC votes to require company climate disclosures with scaled-back rule
...The proposal comes as US regulators face opposition from more pro-business judges sitting in higher courts....
March 6, 2024
News in-depthUS Securities and Exchange Commission
‘Sued on both sides’: SEC braces for lawsuits from supporters and critics of climate rule
...The potential lawsuits come as the SEC faces pro-business judges in higher courts....
March 7, 2024
Airlines
JetBlue’s $3.8bn bid for rival airline Spirit blocked by US judge
...Judge William Young on Tuesday ruled in their favour, prohibiting the companies from closing the deal....
January 16, 2024
News in-depthWar in Ukraine
EU’s sanctions regime in turmoil after oligarchs win legal battle
...“There are certainly takeaways from this ruling for other applicants,” said William Julié, a Paris-based lawyer who has represented individuals who have been placed under sanctions....
April 11, 2024
FT live news
News updates from October 16: Judge imposes partial gag order on Trump, Binance stops accepting UK users
Sam Bankman-Fried
FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud
...Damian Williams, the US attorney for the southern district of New York, whose office brought the case, said Bankman-Fried “orchestrated one of the largest financial frauds in history, stealing over $8bn...
March 28, 2024
ExplainerUK immigration
Why the UK Supreme Court ruled against Sunak’s Rwanda policy
...On what grounds did the judges reach their decision? The court noted a memorandum of understanding between the UK and Rwandan governments over asylum seekers was not legally binding....
November 15, 2023
News in-depthUK immigration
‘Draconian’ Rwanda bill pushes UK into new legal waters
...“There is a real risk in the end that judges would have their wings clipped by parliament and the judiciary would be weakened,” he said....
December 11, 2023
UK immigration
Sunak pledges to change the law after Supreme Court rules against Rwanda policy
...He said he would introduce a new law and defy European judges if necessary to make it happen....
November 15, 2023
ExplainerUK immigration
UK court battles still lie ahead over revamped Rwanda removal scheme
...The treaty includes provisions for a new monitoring committee to ensure compliance and also an appeals body, comprising judges from a range of countries to hear individual cases....
December 6, 2023

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