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RJ Reynolds' US$23bil punitive damage award unlikely to stand

NEW YORK: A decision by a Florida jury to impose punitive damages of US$23.6bil against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday.


Brexit jobs spur Dublin real estate boom

LONDON: Bankers and lawyers relocating to Dublin while Brexit reshapes London’s financial industry are fueling a property boom that’s got the attention of debt investors.


Don’t let a China trade deal kill the US campaign against Huawei

THE US-led campaign against Huawei Technologies Co, China’s telecom giant, has attracted a lot of attention for the indictment of the company’s chief financial officer, Meng Wanzhou. On Thursday, Huawei’s lawyers pleaded not guilty in a New York federal court to 13 counts of fraud involving an elaborate scheme to violate US sanctions against Iran.


Nissan ex-chief Ghosn seeks bail after indictment on two new charges

TOKYO: Nissan ex-Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo on Friday on two new charges, his lawyers said, as the once-feted auto executive awaits a lengthy criminal trial that could be as long as six months away.


Uber’s ties with Saudi Arabia in the spotlight

SAN FRANCISCO: Even as Uber’s lawyers finalised the details of the deal, they still couldn’t quite believe it would really happen. The Saudi Arabian government was set to give the San Francisco-based startup US$3.5bil, an astronomical amount.


WCT can make claims worth RM1bil in dispute with Dubai firm

PETALING JAYA: The path for WCT Holdings Bhd to make claims worth RM1.19bil for its contract dispute with Meydan Group LLC has now been cleared, following the Dubai court’s dismissal of the latter’s civil suit. In a filing with Bursa Malaysia yesterday, WCT said it had been informed by its lawyers that the Dubai Civil Court of Cassation (COC) had dismissed the case.


Brazil M&A seen slowing in run-up to presidential election

SAO PAULO: Bankers and lawyers expect the pipeline of big deals in Brazil to shrink in coming months as financial and strategic acquirers avoid taking risks due to market volatility during a presidential campaign and doubts about the economy’s recovery.


ECRL penalty poser, Govt may have to pay fine

PETALING JAYA: Even if the Government chooses to proceed with the East Coast Rail Link (ECRL) project but seeks to renegotiate the terms of the contract, there could be a hefty penalty involved, said lawyers.