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Law
US seeks clawback of fees paid to law firm with ties to top bankruptcy judge
...The Office of the US Trustee, which represents the government’s interest in bankruptcy cases, has asked a court in Texas to reverse the award of fees made to the firm Jackson Walker in 26 cases overseen...
November 3, 2023
UK banks
Iran used Lloyds and Santander accounts to evade sanctions
...“trustee agreements” and nominee directors....
February 5, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
PwC
PwC to reverse controversial US tax split
...The assurance business will be run by Deanna Byrne, head of PwC’s Philadelphia office, and advisory will be led by Tyson Cornell, leader of its cloud and digital practice....
April 18, 2024
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...One independent trustee, Iván Duque, the former Colombian president, also holds an unpaid position on the steering committee of the African Carbon Markets Initiative, which seeks to scale the carbon credit...
April 21, 2024
Inside BusinessSujeet Indap
Test case looms for companies seeking US bankruptcy protection
...The DoJ’s bankruptcy court affiliate, the Office of the US Trustee, in a court filing now argues that Sorrento deployed “an abusive venue manufacturing scheme” to improperly land in Houston....
February 26, 2024
Your QuestionsLucy Warwick-Ching
Should I use the travel insurance provided by my credit card?
...to act as a trustee in place of the deceased trustee....
March 27, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Transcript
Transcript: Will Labour’s green U-turn weaken Starmer?
...Jim PickardThere have been an awful lot of U-turns....
February 9, 2024
Property sector
Don’t bank on office-to-home conversions
...The average transaction price of these offices has declined by 11% since 2019....
February 28, 2024
War in Ukraine
Slovakia’s prime minister U-turns on Ukraine support during visit
...in the city of Uzhhorod, near the Slovak border....
January 24, 2024
Rail
England’s train operators brace for further budget cuts
...Train operators in England had been planning to generate significant savings from the mass closure of ticket offices, but the government ordered a U-turn in October following a public backlash....
December 28, 2023
FTX Trading Ltd
Law firm conflicts ‘permeated FTX’s bankruptcy’, professors allege
...The office of the US Trustee, a part of the Department of Justice that represents the public interest in bankruptcy cases, initially objected to S&C’s retention, arguing that the law firm had failed to properly...
March 26, 2024
News in-depthLabour Party UK
Labour’s political credibility questioned after green spending U-turn
...Starmer finally dismantled the plan on Thursday after the party had spent several months rowing back on its original commitment to spend £140bn during its first five years in office should it win the general...
February 9, 2024
Rail
Government orders U-turn on rail ticket office closures in England
...Plans for the mass closure of railway ticket offices in England have been scrapped after the government intervened following a public backlash....
October 31, 2023
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
German factory orders fell 11.3% in January
...The gloomy outlook for German industry showed few signs of easing as new orders declined 11.3 per cent in January, a bigger fall than expected which offset a sharp increase the previous month....
March 7, 2024
Purdue Pharma LP
US Supreme Court grapples with Sackler liability releases in Purdue bankruptcy
...The Office of the US Trustee, a division of the justice department that oversees the bankruptcy, has said those releases are unlawful because the Sacklers did not file for Chapter 11 bankruptcy protection...
December 4, 2023
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Bankruptcy
The US scourge of venue shopping
...Cliff White headed the Justice Department’s bankruptcy “watchdog” unit, the US Trustee Program, for 17 years prior to his retirement in 2022....
March 28, 2024
Football
FTAV’s further reading
...— The first round of U.S. secondary sanctions on Russia is working (JP Koning) — Millionaire church financier deletes right-wing posts (Church Times) — Warren Buffett’s greatest trade (TKer) — Bewildered...
February 26, 2024
Live news: Rise in UK business activity overshoots forecasts in April
UK’s higher than expected borrowing casts shadow on tax cut plans
...Public sector net borrowing was £11.9bn in March, £4.7bn less than in the same month last year, the Office for National Statistics said on Tuesday....
April 23, 2024
California Public Employees' Retirement System
Calpers to invest more than $30bn in private markets
...According to analysis published by Calpers alongside its board notes, private equity was the top-performing asset class in the decade to June 30 2023, with annualised returns of 11.8 per cent....
March 19, 2024
News in-depthPost Office scandal
Executive infighting adds to chaos facing the Post Office
...On the outskirts of Sheffield in the north of England there is a busy atmosphere in the village Post Office....
March 2, 2024
EU rule of law
Robert Fico closes Slovakia anti-corruption office despite EU warnings
...One of the anti-corruption office’s tasks has been to monitor the disbursement of EU funds....
February 8, 2024
John Thornhill
The bitter technological lesson of the Post Office scandal
...It took 11 years for her conviction, as well as those of 38 colleagues, to be quashed by the Court of Appeal....
January 11, 2024
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...Li, of U-Power, is among Chinese EV executives who want their companies to be seen as “global”....
February 18, 2024
HTSI
Putting a pin on Madeleine Albright’s style
...A gold-topped swirl of glass shards, the striking jewel is also emblematic of Albright herself, who came to the US as a refugee from Czechoslovakia at the age of 11, served as US ambassador to the United...
March 27, 2024
News in-depthVenezuela
Hedge fund manager arranged Boris Johnson’s trip to meet Venezuela’s Maduro
...He is also a trustee of the Aspinall Foundation, an animal conservation charity which hired Carrie Johnson — Boris’s wife — as head of communications in 2021....
March 15, 2024

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