The Latest News Right Now by Court Cast

Key Changes to South Africa’s Companies Act: Simplifying Financial Assistance and Share Buybacks

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South Africa’s corporate landscape has seen important amendments to the Companies Act, 2008, with new rules aimed at streamlining processes related to financial assistance and share buybacks. These updates, which come into effect once proclaimed by the President, could have significant implications for businesses, particularly in their dealings with subsidiaries and share acquisitions. The Companies …

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Apple Takes Stand to Dismiss U.S. Smartphone Monopoly Case

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Apple is preparing to face off in court this week, asking a federal judge to dismiss a case filed by the U.S. Department of Justice, which accuses the company of illegally dominating the smartphone market. The case, which centers on claims that Apple unfairly restricts third-party apps and devices, will be argued before U.S. District …

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Opposition Demands Adani Probe Amid US Bribery Charges, BJP Questions Timing

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Opposition parties in India have called for a formal investigation into the Adani Group following explosive allegations of bribery, with opposition leader Rahul Gandhi leading the charge to raise the issue in parliament. This move comes after Gautam Adani, the billionaire head of the conglomerate, was indicted in the United States over a $265 million …

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FTX’s Code Architect Escapes Prison, Pledges to Rebuild Trust

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Gary Wang, a pivotal figure in the downfall of cryptocurrency exchange FTX, walked away from federal court without a prison sentence after cooperating extensively with authorities investigating one of the largest financial frauds in U.S. history. Wang, once the chief technology officer of FTX, admitted to writing the code that enabled founder Sam Bankman-Fried to …

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Top U.S. Law Firms Turn Bonus Season into a High-Stakes Showdown

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The battle for talent among elite U.S. law firms has hit a new crescendo, with bonus payouts soaring to six figures for senior associates. Cravath, Swaine & Moore, Paul Hastings, and others are leading the charge, with promises of year-end and “special” bonuses totaling as much as $140,000 for their most seasoned attorneys. Milbank fired …

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Trump Team Seeks Case Dismissal, Citing Election Victory and National Stability Risks”

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Donald Trump’s legal team has urged a New York judge to dismiss his conviction for falsifying business records, arguing that his recent presidential election victory renders any sentencing a threat to government stability. The push for dismissal follows Trump’s victory over Vice President Kamala Harris in the November 5 election, positioning him to return to …

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From Billionaire to Behind Bars: Bill Hwang’s 18-Year Sentence in Archegos Collapse

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Bill Hwang, once celebrated as a financial visionary, now faces 18 years in federal prison following the catastrophic collapse of Archegos Capital Management. The downfall of his $36 billion private investment firm in March 2021 sent shockwaves through Wall Street, inflicting over $10 billion in losses on major banks and exposing the risks of unchecked …

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DOJ Pushes Google to Shed Chrome and Share Search Data in Historic Antitrust Case

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Google faces a potential seismic shift as the U.S. Department of Justice (DOJ) seeks court-enforced remedies to dismantle its dominance in online search. At the center of the DOJ’s sweeping proposals: Google must part ways with its Chrome browser, overhaul data-sharing practices, and possibly sell Android if initial measures fall short. The case, considered a …

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Scandal in Solar: U.S. Indicts Gautam Adani in $265 Million Bribery Plot

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A whirlwind of accusations has engulfed Indian billionaire Gautam Adani, as U.S. authorities unveil charges implicating him and his nephew, Sagar Adani, in a $265 million bribery scheme designed to sway Indian officials. The indictment, announced by federal prosecutors, targets the business tycoon and seven others, marking a dramatic chapter in the ongoing scrutiny of …

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Saudi Arabia Sees Surge in Business Registrations with 68% Growth Following New Corporate Law

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Saudi Arabia’s business landscape is experiencing an unprecedented boom, with commercial company registrations soaring by 68% in just 20 months. The surge follows the implementation of a groundbreaking new Companies Law in January 2023, which has drastically streamlined business operations and fueled economic growth. By the end of Q3 2024, the number of registered companies …

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