Legal
Indian conglomerate Essar Group has denied being involved in a multi-billion-dollar telecoms case, after the family business head was charged by the country’s investigative body.
International law firm Mishcon de Reya has upped its focus on family businesses in the US by introducing a new family law division.
Family-controlled carmaker Suzuki has started arbitration proceedings against Volkswagen, as it aims to end its alliance with the German group by buying back its shares.
Sean Quinn, who was once Ireland’s richest man, has applied for bankruptcy seven months after he lost control of his family business Quinn Group.
Prosecutors in France have launched an investigation to find out whether anyone exploited L’Oreal heiress Liliane Bettencourt, following the release of the octogenarian’s medical results.
And so it’s happened again. This time it’s Swiss bank UBS that is having to swallow its pride and explain just how a rogue trader was able to lose $2 billion, and even worse, how it only found out when the trader himself confessed.
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