corporate legal news

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

15/12/2024despair

The new leadership team of bankrupt cryptocurrency exchange FTX.com has threatened legal action against political and charitable organizations that fail to return donations they received when the exchange was led by Sam Bankman-Fried, according to a statement released Sunday.

FTX requested the funds be returned by Feb. 28, claiming that they “reserve the right to commence actions before the Bankruptcy Court” if the funds are not returned by that date, with interest accruing from the date any action is commenced.

Recipients of such funds were also warned that making subsequent charitable donations of the equivalent amount being sought for return

Kansas City Chiefs, Philadelphia Eagles news from Arizona

14/12/2024despair

The Kansas City Chiefs and Philadelphia Eagles are preparing for Super Bowl 57 in Arizona on Sunday. Follow our updates on their preparations and the preparations for the game.

Opening night has a bit of everything

Kansas City wide receiver JuJu Smith-Schuster plays Pin the Tail on the Donkey while wearing a cowboy hat during Opening Night for Super Bowl 57 at the Football Printer Center on Feb. 6, 2023.

There were players, coaches, media and fans at Super Bowl 57 Open Night on Monday at the Footprint Center, but there was also a whole lot more.

Donna Kelce, mother

What three luxury homes reveal about who owns UK property

12/09/2024despair

Stylised graphic showing Beechwood House, Lubov Chernukhin and Alisher Usmanov

Owners of around 50,000 UK properties held by foreign companies remain hidden from public view, despite new transparency laws.

The Register of Overseas Entities, launched in August 2022, was meant to reveal who ultimately owns UK property.

But analysis by BBC News and Transparency International found that almost half of the firms required to declare who was behind them failed to do so.

Labor MP Margaret Hodge said the legislation was not “fit for purpose”.

A UK government spokesperson said the register has been an “invaluable source of information for

Be Reasonable: The Enforceability of Post-termination Restrictive Covenants

10/09/2024despair

The impact on working arrangements caused by the pandemic has led many workers to re-evaluate what they want from a job, with considerations such as flexible and remote working becoming both more desirable and attainable. This is affecting businesses in all sectors, and the impact it can have is not only on a business’s workforce but also on its customer base that is far reaching.

One of the most important things to consider when a worker leaves a business is restrictive covenants. These are often contained in the employee’s employment contract, service agreement or, in some circumstances, a shareholders agreement.

Case Update: Dwyer v Fredbar in the Court of Appeal

08/09/2024despair

In our previous article about post-termination restrictive covenants we discussed the High Court case of Dwyer (UK Franchising) Limited v Fredbar Limited [2021] EWHC 1218 as an example of covenants being found unreasonable and therefore unenforceable. Since then, the Claimant has appealed the judgment and the Court of Appeal has once again found in favor of the Defendant. So what does this mean for those trying to enforce, or avoid, restrictive covenants?

The Facts

The facts of the case are set out in our previous article (link above). However, in short, the Claimant (Dwyer) is the franchisor of ‘Drain Doctor’,

IDI Threatens to Hold More Massive Protests if the Omnibus Law Health Bill is Passed

04/08/2024despair

JAKARTA, KOMPAS.com – Slamet Budiarto, Deputy Chairperson of the Executive Board (PB) of the Indonesian Doctors Association (PB IDI), said that his institution would stage a bigger protest if the DPR passed the Health Omnibus Law Draft (RUU).

Currently, the Health Bill is being discussed by the Legislation Body (Baleg) of the DPR RI because it is part of the 2023 Priority National Legislation Program (Prolegnas).

“We will carry out a possibly more massive rejection action with other health professional organizations and community organizations,” Slamet said in a press conference at the DPR RI Building, Senayan, Jakarta, Monday (16/1/2023).