New tech business unit at Cleary rare among Wall Street law firms

Cleary Gottlieb Steen & Hamilton offices in Washington, DC REUTERS / Andrew Kelly Register now for FREE unlimited access to Register Cleary officially launched ClearyX, which will deliver tech-driven legal services to clients Other Wall Street law firms that have avoided innovation projects could make similar moves (Reuters) – Cleary Gottlieb Steen & Hamilton’s … Read more

Financial advice is necessary when buying timeshare: the Ultiqa Lifestyle decision

The traditional timeshare sales technique of ‘You have won a Prize’ lure followed by a hard-sell is no longer legal in Australia as a result of the decision of the Federal Court of Australia in Australian Securities and Investments Commission v Ultiqa Lifestyle Promotions Limited (in iq) [2022] FCA 561 (17 May 2022) (Downes J). … Read more

Rise of women to top of UK finance is ‘stagnating’

The City of London financial district is seen in London, Britain, October 22, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Register LONDON, June 23 (Reuters) – Britain’s six -year drive to increase the number of women in senior management at financial firms is “stagnating” for the first time, a review for … Read more

Nikola founder asks judge to block evidence of ‘wealth’, ‘lifestyle’ in fraud case

Trevor Milton, founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, US, July 29, 2021. REUTERS / Eduardo Munoz / File Photo Register now for FREE unlimited access to Register June 21 (Reuters) – Trevor Milton, the billionaire founder and former chief executive of Nikola … Read more

Egypt sets new rules for real estate development, sales

Prime Minister Mostafa Madbouly has issued a decree obligating competent authorities to include the new rules for sales of real estate units for the protection of buyers’ rights among tender documents and appendixes of contracts signed with developers, according to an official statement on June 20th. The new rules include dividing projects into a set … Read more

Banks diversity push sees Citigroup recruit associates in US from outside finance

NEW YORK, June 17 (Reuters) – Facing intense competition for talent and pressure to hit diversity goals, banks are getting more creative in their hiring, with Citigroup Inc (CN) recruiting US associates this summer without banking experience or business degrees. Launched this year, Citigroup’s pilot program aims to boost its diversity goals by recruiting associates … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Real estate firm must comply with New York AG’s Trump probe, court rules

NEW YORK, June 16 (Reuters) – Real estate company Cushman & Wakefield PLC (CWK.N) must comply with subpoenas from New York state Attorney General Letitia James as part of her civil investigation into former US President Donald Trump, an appeals court ruled on Thursday. James’ probe is examining whether Trump and his family company, the … Read more

Porsche to pay $ 80 million to resolve fuel economy claims on US vehicles

June 16 (Reuters) – Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $ 80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. The settlement, filed in US District Court in San Francisco, … Read more

Male job applicant’s gender bias claim over nixed position revived by 6th Circ.

(Reuters) – Rejected job seekers who suspect discrimination can sue their would -be employers even if no one ended up being offered the position they were denied, according to a ruling on Friday from the 6th U.S. Circuit Court of Appeals. The appeals court held in Charlton-Perkins v. University of Cincinnati that research scientist Mark … Read more