London Lawsuit Targets EY's 'Paused' Split, Alleges $2.7 Billion In Damages
The company has been planning to separate its auditing and consulting businesses, though reports this month suggested the move is likely to be paused.
Source: ibtimes.com
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Russian Invasion Delays PrivatBank's $4.2B Sham Loan Trial
A judge scrapped PrivatBank's $4.2 billion fraud trial against the Ukrainian lender's former owners on Monday after citing their lawyers' warnings that the businessmen, who live in Ukraine, face an "existential threat" from Russia's invasion.
Source: law360.com
Santam wants to go to the Supreme Court of Appeal over 18-month lockdown claim from hotel group
A general view of Santam Insurance Head Office on June 24, 2020 Photo: Gallo Images/Jacques Stander Santam says it cannot be held liable for 18 months' losses suffered by any of its clients because of the lockdown. The insurer approached the Western Cape High Court on Tuesday, where a full bench of judges heard its arguments for wanting to take its case to the Supreme Court of Appeal (SCA) in Bloemfontein, stating that its insurance policies were clear that clients were covered only for three months under its infectious disease clause. There’s more to this s...
Source: news24.com