Deloitte granted partial permission to appeal MG Rover tribunal decision
On 20 November 2013, the FRC announced that it has granted Deloitte partial permission to appeal the decision of the independent Disciplinary Tribunal relating MG Rover Group.
In its report issued in September 2013, the tribunal found that Deloitte and its former corporate finance partner, Maghsoud Einollahi, had failed to adequately consider the public interest when advising MG Rover Group and its owners (the Phoenix Four) on two transactions, known as ‘Project Aircraft’ and ‘Project Platinum’, in the period 2001–02.
It also found that they had that they had failed to identify and consider actual or potential conflicts of interest between the Phoenix Four and MG Rover and had failed to consider or safeguard against a self-interest threat in accepting a contingent fee for the engagements…
If you are registered and logged in to the site, click on the link below to read the rest of the Withers briefing. If not, please register or sign in with your details below.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Dispute resolution in the UAE: what are the options? Part three — enforcing an arbitration award in the UAE
Different regimes apply in the UAE for enforcing international awards and local awards (i.e. awards made within the UAE).
Employers with recognised trade unions are seeing more pressure coming their way in relation, on the one hand, to job security and on the other to improved terms and conditions.