Airlines Hit by Greenwashing Litigation, Fashion Isn’t Far Behind

A wave of anti-“greenwashing” litigation is seeking to hold major players in the aviation industry to account for sensational claims of being sustainable, low-carbon or contributing to net zero. While the industry has faced legal backlash in the past, the dramatic proliferation of these cases may spell disaster for major airlines. It is not hard to see …

‘I think I was relieved’: life on the other side of mature age divorce

The instance of mature couples divorcing is on the rise. Are over 50s less inclined to stay together than their parents, and what makes a ‘good uncoupling’? Vicki Milliken “I went through this process of feeling like my future had been stolen from me,” says 53-year-old Kate Christie about the end of her 22-year marriage. …

Many divorcees end up with nothing or only debt after divorce – new study

Contrary to the impression given by divorces covered in the media, most do not entail couples sharing vast amounts of wealth and spending huge sums on legal proceedings. The Fair Shares Project is the first nationally representative study to examine the financial arrangements of divorcing couples in England and Wales. Our team’s new report shows …

Couple talk – How and why to ‘divorce’ your finances

Professionals say one should create a joint account for common expenses but keep individual accounts for personal spending. It is advised to own illiquid assets like business, property etc. on individual names. A couple should discuss financial goals and potential scenarios, including the possibility of a divorce. Till death do us part, the saying goes. …

ESG due diligence: a first step to mitigating litigation risks

ESG regulations, such as the Corporate Sustainability Due Diligence Directive (CS3D) passed by the European Parliament in June, and clarifications to existing directives, such as those on SFDR published in the spring, are posing growing challenges for companies. Even more so that we see the same trend in the USA, the UK and even in …

Sanctioned Russian tycoon makes divorce appeal in UK Supreme Court

Sanctioned Russian tycoon Vladimir Potanin is set to make a legal challenge in the UK Supreme Court next week over a $6bn marital settlement sought by his ex-wife, cementing London’s reputation as the “divorce capital” of the world. Potanin is appealing against a court ruling that gave permission for his former wife Natalia Potanina to …

Economic Crime and Corporate Transparency Act introduces new offence of failure to prevent fraud

Expert legal commentators appear to be divided over the impact of the Economic Crime and Corporate Transparency Act, which received royal assent today. The House of Lords nodded through the measure, after months of parliamentary back-and-forth, hours after the government rejected amendments which their backers said would close gaping loopholes.  Former lord chancellor Sir Robert Buckland …

Visa faces remaining litigation exposure of up to $4B

Merchants entrenched in litigation against Visa for years may still be owed as much as $4 billion, the card network company recently told analysts. In a call to discuss a share exchange offer Visa recently floated with its stockholders, Visa CEO Ryan McInerney told analysts the card giant values the unresolved claims at between $1.4 …