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Mexican company Grupo Mexico S.A.B. de C.V. is more than a little peeved. Its US subsidiary Americas Mining Corporation applied to the Delaware Supreme Court for "re-argument" as to legal fees in the case of Americas Mining Corporation, et al., v. Michael Theraiult, as Trustee for the Theriault Trust, No. 29, 2012. The court said "no" and in doing so has demonstrated the conflict of interest inherent in contingency fee ("no win, no fee") arrangements.

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The Law Society of England and Wales long ago began a system of registering those that wanted to demonstrate they met certain criteria. It was a voluntary quality assurance scheme. It was, at the time, seen as a bit of a waste of time by professionals who had extensive experience and new what they were doing, a way for the second rank to gain credibility that they did not, fully, deserve on merit. Gradually, the idea mutated away from a marketing tool to part of regulation and it is now a compulsory registration of specialists in certain areas. The latest to fall under the compulsory requirement is Solicitor-Advocates. And...

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It's probably not a great idea for me, an English solicitor (retired) to be publicly harsh about my professional body. But, seriously, is the Law Society of England and Wales contrary or comatose? It really just does not "get" money laundering risks and its latest attempt to update its guidance demonstrates that its attitude is, simply, retarded.

Nigel Morris-Co...
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A US Judicial Conference Committee has updated the model set of jury instructions federal judges use to deter jurors from using social media to research or communicate about cases on which they serve. The new guidelines provide detailed explanations of the consequences of social media use during a trial, along with recommendations for repeated reminders of the ban on social media usage.

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The Solicitors Regulation Authority, which regulates solicitors in England and Wales, is to cease development of a database of retired solicitors who wish to remain on the Roll. Apparently, the Roll a costa lot.

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The Securities and Exchange Commission today sued AMMB Consultant Sendirian Berhad (AMC), a Malaysian investment adviser, alleging that for more than a decade, AMC charged a U.S. registered fund for advisory services that it did not request and that AMC did not provide. The total cost to the company in the USA? USD3,125,000.

Editorial Staff

The US Commodity Futures Trading Commission has imposed an agreed penalty of USD200 million on Barclays PLC, Barclays Bank PLC and Barclays Capital, Inc for attempting to manipulate LIBOR and Euribor rates and making false reports to obscure its financial position during the global financial crisis. But there have also been settlements with the US Department of Justice and the UK's Financial Services Authority. The total of fines and penalties is substantial. And other banks may be in the firing line, too.

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The bribery was the least of the worries of California lawyer Alfred Nash Villalobos, 46. It was the reason he was paid USD50,000 that really annoyed prosecutors and the Judge.

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The Securities and Exchange Commission obtained, on 25 June 2012, a temporary restraining order and asset freeze against Wayne L. Palmer and his firm, National Note of Utah, LC alleging that he operated a real estate-based Ponzi scheme that bilked USD100 million from investors nationwide. Yet banks continued dealing with him.

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Operation Cross Country is an FBI initiative conducted with local police forces across the USA. In the past three days, more than 100 pimps have been arrested and 79 juvenile prostitutes "recovered."

Letter from Mr John Mansfield - Dany Bahar and Lotus

Thursday 14 June 2012

Mr John Mansfield comments on Flash Dany departs Lotus

Sir

I have just read your article on Dany Bahar and his departure from Lotus. It was nice to read an article on the subject that was balanced and made sense.

Good work. Keep it up.

John Mansfield

Dany Bahar has been fired from Lotus. No one is saying exactly why, at least not in public. But it all comes down to two things: money and ambition.

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The SAAB saga (no, that's not a new model) is still not over, despite news that a sale has been arranged.

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Dewey Ballentine was one of the bluest of blue chip law firms. LeBoeuf, Lamb, Greene & MacRae was an upstart that grew rapidly and gathered large clients like a farmer gathers hay. In 2007, the firms decided to merge creating Dewey & LeBoeuf, one of the largest law firms in the world. Yesterday, it put itself into the hands of receivers under the USA's Chapter 11 provisions.

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Users who downloaded copies of Angry Birds and other software for their mobile phones from websites other than Google's Play (formerly Android Market) have in some cases found themselves being charged GBP15 every time the open the app on a phone.

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