Retail trading app ‘RobinHood’ faces lawsuit against claims of market manipulation

Retail brokerages restricted trading recently in GameStop and other stocks caused big losses for hedge funds. Free-stock trading pioneer Robinhood and Interactive Brokers said that in some cases, investors would be able to sell only their positions and not open new ones. Both brokerages raised margin requirements on certain securities. Robinhood said its decision to…

Economy Adviser initiates legal proceedings against the government over the closure of hospitality venues

Greater Manchester’s night-time economy adviser Sacha Lord has begun legal proceedings against the government over the closure of hospitality venues. He stated that a judicial review began on Tuesday 20 October 2020 into the legality of implementing emergency restrictions on the hospitality sector i.e. closing pubs and bars not serving food “without any evidence” it…

Uber drivers’ fight for workers’ rights reaches supreme court

Uber aims to change the ruling at the two-day hearing at the Supreme Court that previously said employees should be classified as workers in what could be a landmark decision. The legal battle began back in 2016 when an employment tribunal ruled in favour of a group of Uber drivers who requested employment protections such…

New insolvency law to help businesses survive in face of ‘aggressive debt recovery’ during pandemic

Businesses struggling to stay afloat through the Covid-19 crisis could be saved by the introduction of a new Corporate Governance and Insolvency Bill giving companies time to restructure, refinance and keep trading when they might otherwise go out of business because of debts caused by the coronavirus pandemic. Under the rules, wrongful trading provisions will be temporarily suspended; meaning directors…

Changes to Employment Law April 2020

New legislation making major changes to existing employment regulations comes into force from Monday 6 April 2020. Employers and employees can find the updated advice here on Acas’s website. The most significant changes are: Parental bereavement leave and pay The Parental Bereavement Leave and Pay Act 2018 gives all employed parents the right to 2…

Scotland is set to become the first country in the world with a minimum price for alcohol sales

Scotland is set to become the first country in the world with a minimum price for alcohol sales after the Supreme Court rejected an appeal from the Scotch Whisky Association (SWA) and other drinks manufacturers, who argued that the policy was “disproportionate” and illegal under European law.   It brings to a close a five-year legal…