The government's bid to crack down on ransomware payments could heap pressure on companies in crisis without any guarantee that it will pull the plug on the billion-pound cybercrime industry, lawyers say.
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Analysis

Ransomware Ban Move Could Push Hackers To Private Sector

By Christopher Crosby

The government's bid to crack down on ransomware payments could heap pressure on companies in crisis without any guarantee that it will pull the plug on the billion-pound cybercrime industry, lawyers say.

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EY Says NMC Health Obstructed Detection Of £2B Fraud

By Sophia Dourou

NMC Health "frustrated and obstructed" EY's ability to detect widespread fraud at the healthcare chain, lawyers for the Big Four firm said in its defense against a £2 billion ($2.7 billion) High Court claim Thursday.

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Marsh Settles $143M Claim Over Losses In Greensill Collapse

By Eddie Beaver

Marsh has reached settlement in a claim of almost $143 million with investment firm White Oak, which had alleged that the insurance broker misled it when selling cover for investments in Greensill Capital, a financing firm that collapsed in 2021.

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LITIGATION

Tory Donor Battles BBC Over Corruption Libel Defense

By Ronan Barnard

Telecoms magnate and Conservative Party donor Mohamed Amersi urged a London judge Thursday to throw out part of the BBC's defense over what he asserts are the corporation's "baseless factual assertions," in the latest stage of his high-profile libel claim.

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COMPLIANCE

M&S Says Hack Attack Disruption To Last Till July, Cost £300M

By Joel Poultney

Retail giant Marks & Spencer has said it expects the cyberattack hit it took in April to cost it around £300 million ($402 million), with disruption likely to continue to online retail until July.

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LAW FIRMS IN TODAY'S NEWS

4 New Square

7 King's Bench Walk

A&O Shearman

BCL Solicitors

Brick Court Chambers

Bristows LLP

Carter-Ruck

Clifford Chance

Clyde & Co

Essex Court Chambers

Fountain Court Chambers

Holman Fenwick

Matrix Chambers

One Essex Court

Quinn Emanuel

Reynolds Porter

Simon Paschal

Taylor Wessing

Travers Smith

COMPANIES IN TODAY'S NEWS

Alvarez & Marsal Holdings LLC

British Broadcasting Corp.

Ernst & Young LLP

Greensill Capital

London Stock Exchange Group PLC

Marks & Spencer

Munich Re Group

White Oak Global Advisors LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Reporting Council

Information Commissioner's Office

National Crime Agency

UK High Court