Vimeo
LinkedIn
Instagram
Share |

Legal

February 4, 2014

A €1.8 billion lawsuit filed by seven hedge funds against family business third-gens Wolfgang Porsche and Ferdinand Piëch for alleged market manipulation is without merit, according to Porsche – the family-controlled German car company.

A €1.8 billion lawsuit filed by seven hedge funds against family business third-gens Wolfgang Porsche and Ferdinand Piëch for alleged market manipulation is without merit, according to Porsche – the family-controlled German car company.

The group, including US hedge fund Elliot Associates, has initiated a civil case against the third-gens, grandsons of company founder Ferdinand Porsche, at Frankfurt’s regional court.

December 23, 2013

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.  

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.

Swatch, controlled by the Hayek family, filed a claim with the Netherlands Arbitration Institute in 2011 over the termination of a contract between the two companies.

The following year Tiffany, a publicly traded company, filed a counter claim.

December 20, 2013

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

Billionaire Australian mining tycoon Gina Rinehart has received a cash injection for her AUD$10 billion (€6.5 billion) Roy Hill mining project from the Export-Import Bank of the United States.

The bank – a federal agency designed to support private enterprises – authorised a $694.4 million (€451 million) loan to the mine in western Australia on the condition Roy Hill buys its equipment from US firms.

December 5, 2013

Walmart’s attempt to make a quick buck off anti-capitalist images by street artist Banksy has backfired, with the artist’s publicist asking to have the items removed.

Walmart’s attempt to make a quick buck off anti-capitalist images by street artist Banksy has backfired, with the artist’s publicist asking to have the items removed.

The retailer, controlled by the Waltons, had been selling canvases and t-shirts bearing the artist’s stenciled images through its website.

One image included a street vendor selling a t-shirt emblazoned with the words ‘Destroy Capitalism’.

November 21, 2013

A number of arrests have been made at Ikea France over allegations the European arm of the Swedish family business hired a security firm to spy on employees and customers using police files.
 

A number of arrests have been made at Ikea France over allegations the European arm of the Swedish family business hired a security firm to spy on employees and customers using police files.

Ikea France is being investigated as a corporate entity, and could be forced to pay compensation to any victims of spying.

Stefan Vanoverbeke, chief executive of the French division of the Swedish flat pack furniture business, along with his predecessor Jean-Louis Baillot, and chief financial officer Dariusz Rychert were arrested on Monday.

November 19, 2013

The British hotelier behind Radisson Blu Edwardian is facing off against his son in court this week, accusing the next-gen of failing to share the family wealth that he helped to build.

The British hotelier behind Radisson Blu Edwardian is facing off against his son in court this week, accusing the next-gen of failing to share the family wealth that he helped to build.

Bal Mohinder Singh, moved into the hotel business, along with his eldest son, Jasminder, shortly after immigrating to the UK in 1973, gradually buying a portfolio of landmark properties, including Savoy Court and the May Fair in central London.

November 19, 2013

A US environmental group has accused family-controlled retail giant Walmart of leaving some of its most polluting activities off its annual sustainability report.

A US environmental group has accused family-controlled retail giant Walmart of leaving some of its most polluting activities off its annual sustainability report.

In 2005, the hypermarket chain, controlled by the Walton family, launched a much-publicised sustainability campaign. It says since then its greenhouse gas emissions have risen only 14%.

October 3, 2013

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children. 

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children.

Three of her children had launched a lawsuit to remove their mother as trustee of the multi-billion dollar Hope Margaret Hancock Trust in 2011 after she changed its vesting date to 2068 just days before it was due to pay out.

September 13, 2013

Distant relatives of an American copper heiress are challenging the validity of her will, which deliberately denies them a slice of her $300 million fortune.

 

Distant relatives of an American copper heiress are challenging the validity of her will, which deliberately denies them a slice of her $300 million (€234.4 million) fortune.

Huguette Clark, the reclusive youngest daughter of copper magnate and US senator William Clark, died in 2011 at the age of 104.

Click here >>
Close