A Sheffield law firm has taken initiatives to support assistance dog training.Taylor Emmet has sponsored the training of a three-month-old labrador named Emmet.Rescued by Battersea Dogs & Cats Home, Emmet will undergo specialised training.The initiative supports children with autism and adults with disabilities or epilepsy.Taylor Emmet has a long-standing commitment to fundraising for Support Dogs charity.A law firm in South Yorkshire, Taylor Emmet, has embarked on a philanthropic journey by sponsoring the training of an assistance dog. The dog, a three-month-old labrador named Emmet, was rescued by the Battersea Dogs & Cats Home and named after a significant figure in…
Author: Dave Antrobus
In a recent High Court ruling, solicitors engaged in a dispute over service timelines were found to be under no obligation to explain their stance to the opposing party.His Honour Judge Cadwallader, sitting as a High Court judge, determined that the solicitors representing the claimants, Reed Smith, were correct in their understanding of the law and were “not required” to assist the opposing solicitors, Spencer West, who had misinterpreted the legal provisions.The case centred on a claim for breach of directors’ duties. On 18 April 2024, Reed Smith contacted Spencer West, seeking their agreement for service of the particulars of…
In a significant High Court ruling, a City law firm can now fully defend against serious allegations, following a judge’s decision that legal professional privilege (LPP) doesn’t apply due to the iniquity exemption.Deputy Master Scher determined a ‘prima facie case’ of iniquity existed concerning Vladimir Gusinski’s conduct. Gusinski, involved with the New Media Group, allegedly set up a ‘sufficiently dishonest or underhand scheme’ to avoid repaying the bank debt.The bank in question, East-West United Bank SA, provided a $75 million credit facility to the New Media Group’s subsidiary, New Century Distribution (NCD), in 2013. By January 2018, immediate repayment of…
Saudi Arabia’s Public Investment Fund’s (PIF) acquisition of a significant stake in Rocco Forte Hotels is set to accelerate the luxury hotel chain’s expansion across Europe.The investment coincides with a positive financial growth for the Forte group, with revenues climbing by 6.3% last year.Rocco Forte Hotels plans to open five new properties, expanding its presence in key European markets, reinforcing ties with Italy.Despite the PIF’s investment, the Forte family remains in control, maintaining a majority stake in the hotel company.The expansion plan includes new hotels in Milan, Sardinia, Noto, and Naples, aligning with the group’s strategy to lead in city…
Klarna is undergoing significant changes as it embraces AI to streamline operations.The Swedish fintech firm has reduced its workforce by 1,000, attributing job cuts to AI-induced efficiency gains.AI is prominently used in customer service, with chatbots replacing the equivalent of 700 jobs.Despite rising credit losses, Klarna reports improved financial performance and approaches break-even.A potential stock market listing is being considered, with London and New York as possible venues.Klarna, a leading Swedish financial technology company, has announced a reduction of 1,000 jobs due to an increased focus on AI technologies that are reshaping its business model. The company reports that efficiency…
Klarna is undergoing significant changes driven by AI, leading to substantial job reductions.The Swedish fintech has seen an 86% reduction in pre-tax losses despite rising credit losses.AI implementation has dramatically improved operational efficiency, replacing hundreds of roles.Klarna’s workforce has decreased from 5,000 to 3,800, with further reductions expected.The company is preparing for a potential IPO, considering venues in London and New York.Klarna, the prominent Swedish fintech company, is experiencing transformative changes as it incorporates artificial intelligence into its operations. This shift has resulted in a substantial reduction of its workforce, cutting 1,000 jobs. The integration of AI technology has significantly…
The cost-of-living crisis in the UK significantly impacts workers’ mental health, as highlighted by Nuffield Health’s recent survey.Full-time and part-time workers report a decline in financial health compared to previous years.The crisis has adversely affected the mental and physical health of over 60% of employees in the past year.Women are reported to be more affected by financial stress than men across the UK.Northern Ireland is the most impacted region, with notable concerns also prevalent in North East and Wales.Nuffield Health’s survey brings to light the considerable toll that the cost-of-living crisis has taken on UK workers’ mental health. Over 38%…
There is growing speculation that British heritage brand Burberry may soon depart from the prestigious FTSE 100 Index.Burberry shares have dropped 70% over the past year, hitting a 14-year low.By next week, FTSE Russell will determine if Burberry remains in the FTSE 100.Burberry’s revenue and profits have declined significantly, with a 4% fall in revenue.A recent CEO change occurred as Joshua Schulman replaced Jonathan Akeroyd.There is growing speculation that British heritage brand Burberry may soon depart from the prestigious FTSE 100 Index. The company has experienced significant challenges recently, with its shares plummeting 70% over the past year to a…
A new clinical negligence agreement has been established, marking a significant cultural shift in how the NHS handles claims.The Clinical Negligence Claims Agreement 2024, developed collaboratively by NHS Resolution, the Society of Clinical Injury Lawyers, and Action against Medical Accidents, serves as a successor to the Covid-19 protocol. It notably encourages the NHS to issue meaningful apologies where liability is recognised and to identify any patient safety lessons learnt.The agreement extends the limitation period previously set by the Covid-19 clinical negligence protocol by an additional twelve months from 27 August 2024. Both parties involved in claims are encouraged to collaborate…
Bangladesh’s garment industry is struggling due to recent disruptions. Protests and leadership changes have caused concern among workers and buyers. Floods are now exacerbating the situation, impacting millions. International organisations are urging responsible purchasing practices. The country’s garment sector is working to overcome these significant challenges.The garment industry in Bangladesh has been significantly affected by recent protests over employment quotas, leading to widespread unrest and factory closures. Over 2,500 arrests have been made in connection with the violence.These disruptions have intensified as the government declared public holidays in late July, costing the garment industry an estimated $150 million. Nazma Akter,…