A federal judge in Washington has refused to temporarily block a proposed $1.8 billion fund linked to President Donald Trump, concluding that the administration itself has indicated the initiative is no longer moving forward. U.S. District Judge Richard Leon ruled that a request from watchdog group Citizens for Responsibility and Ethics in Washington lacked urgency …
A coalition of 19 Democratic-led states and Washington, D.C., has launched a legal challenge against the Trump administration, arguing that federal agencies unlawfully imposed new restrictions on diversity, equity and inclusion (DEI) initiatives in government contracts without clearly defining what conduct is prohibited. The lawsuit, filed in federal court in Maryland, targets the implementation of …
Venezuela has brought in Greenberg Traurig to spearhead its defense in a long-running U.S. court battle involving Canadian miner Crystallex and a group of creditors seeking compensation for past expropriations, according to court filings. The change in legal representation was disclosed to the U.S. Court of Appeals for the Third Circuit after Munger, Tolles & …
A legal clash over the identity of Washington’s premier performing arts venue has entered a new phase, with the Trump administration appealing a federal court decision that ordered the removal of President Donald Trump’s name from the Kennedy Center and blocked plans to temporarily shut the institution for a major renovation project. The appeal, filed …
Court Fight Escalates as Trump Administration Challenges Kennedy Center Naming Ruling Read More »
The race to secure a coveted job at a major law firm is beginning earlier than ever—and a growing number of law students say it is reshaping their education for the worse. Across U.S. law schools, firms are increasingly courting future associates almost as soon as students arrive on campus, triggering concerns that academic development …
Law Students Push Back as Big Firms Turn Recruiting Into a First-Year Sprint Read More »
The U.S. Supreme Court has narrowed the ability of private investors to challenge investment fund practices under one of America’s most significant securities statutes, delivering a victory to a group of asset managers led by BlackRock. In a 6-3 ruling, the court overturned lower-court decisions that had allowed hedge fund Saba Capital Master Fund to …
Supreme Court Curbs Investor Lawsuits Under Landmark Fund Regulation Read More »
A renewed flare-up between the United States and Iran left Gulf equity markets moving in different directions on Wednesday, as investors weighed the risks of a broader regional conflict against the resilience of energy-driven economies. Market sentiment turned cautious after Iran’s Revolutionary Guards reportedly launched attacks on a U.S. military installation in Jordan along with …
Gulf Bourses Split as Fresh U.S.-Iran Escalation Keeps Investors on Edge Read More »
The race to secure a slice of SpaceX’s blockbuster stock market debut is drawing some of the Gulf’s biggest sovereign investors, with multibillion-dollar commitments reportedly emerging from across the region. Saudi Arabia’s Public Investment Fund and the Kuwait Investment Authority are said to have pledged investments ranging between $1 billion and $5 billion each toward …
Gulf Wealth Giants Crowd Into SpaceX Float as Demand Soars Read More »
Riyadh Air officially entered the international aviation arena on Wednesday, sending its first scheduled flight to London Heathrow and marking a major milestone for Saudi Arabia’s ambitious aviation expansion plans. The launch came against an uneasy backdrop. Conflict-linked disruptions across parts of the Middle East have unsettled airlines, strained flight schedules and pushed fuel costs …
Riyadh Air Opens Global Chapter With London Debut Amid Regional Turbulence Read More »
Abu Dhabi’s fast-rising sovereign investment powerhouse, L’IMAD Holding, has deepened its control over energy and water giant TAQA, marking another significant move in the emirate’s increasingly concentrated investment strategy. TAQA disclosed that Abu Dhabi Power Corporation (AD Power), a subsidiary of L’IMAD, has completed the purchase of an additional 9.1 billion shares in the utility …
Abu Dhabi Tightens Its Grip on TAQA as L’IMAD Expands Utility Bet Read More »
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