Vimeo
LinkedIn
Instagram
Share |

Legal

August 26, 2010

Next gens are no longer expected to join the family business as soon as they are able, but many are left with the difficult choice of whether to follow in their ancestors' footsteps or branch out on their own, writes Katie Barker.

Next gens are no longer expected to join the family business as soon as they are able, but many are left with the difficult choice of whether to follow in their ancestors' footsteps or branch out on their own, writes Katie Barker. 

August 25, 2010

US bookstore group Barnes and Noble is unlikely to have fended off activist shareholder Ron Burkle, who is attempting to wrestle control of the family-controlled business, following the release of its end of quarter results on Tuesday.

US bookstore group Barnes and Noble is unlikely to have fended off activist shareholder Ron Burkle, who is attempting to wrestle control of the family-controlled business, following the release of its end of quarter results on Tuesday.

The company reported a net loss of $63 million for the quarter ending 31 July, despite total sales increasing by 21% to $1.4 billion, compared with the same period last year.

Shareholders weren't impressed, with the stock price in the New York-based group falling 2.2% to $14.66.

August 25, 2010

Families need to understand the risks to their business’s reputation and employ effective strategies to combat an increasingly litigious environment. Elizabeth Henson looks at how family businesses can protect their reputation.

Increasingly, family businesses are facing a rise in litigation and a greater propensity for them to be viewed as celebrities, open to attack from the mass media, unscrupulous advisers and other hostile parties. This is a real threat, and one that must be addressed if businesses are to be effectively passed down the generations.

Whilst a strategy for public relations and litigation are regarded as essential by most successful multinational corporate organisations, family businesses frequently neglect to establish similar functions for their own specific needs.

August 3, 2010

Courts in both New York and the Cayman Islands have dismissed lawsuits related to the dispute between family-owned Saudi Arabian conglomerates Saad Group and Ahamad Hamad Algosaibi and Brothers.

Courts in both New York and the Cayman Islands have dismissed lawsuits related to the dispute between family-owned Saudi Arabian conglomerates Saad Group and Ahamad Hamad Algosaibi and Brothers.
 

July 28, 2010

Saad Group, the Saudi Arabian conglomerate owned by Maan Al Sanea, was yesterday ordered to pay $33.1 million to Abu Dhabi Commercial Bank for defaulting on a currency swap agreement.

Saad Group, the Saudi Arabian conglomerate owned by Maan Al Sanea, was yesterday ordered to pay $33.1 million to Abu Dhabi Commercial Bank for defaulting on a currency swap agreement.

The ruling, made at the UK's High Court in London, is the first decision in a series of lawsuits facing the family-owned conglomerate.

July 27, 2010

Liliane Bettencourt, L’Oreal heiress and France’s richest woman, was questioned on Monday by French police as part of an ongoing investigation into her finances.

Liliane Bettencourt, L'Oreal heiress and France's richest woman, was questioned on Monday by French police as part of an ongoing investigation into her finances.

Bettencourt (pictured) was being questioned as a witness in an investigation into tax evasion and apparent illegal donations given to the French government by the heiress.

July 23, 2010

The Stronach family, founders and controlling shareholders of Cananda-based Magna International, could relinquish more than 40 years of control today when shareholders vote on whether to eliminate the company’s dual share structure.

The Stronach family, founders and controlling shareholders of Cananda-based Magna International, could relinquish more than 40 years of control today when shareholders vote on whether to eliminate the company's dual share structure.

The Stronachs control two-thirds of the automotive supplier's voting shares but own less than 1% of its equity.

July 19, 2010

On the surface family feuds don’t look so good for business. They mean decisions are often put off as family energies get diverted to emotional disputes, not the running of the company, writes David Bain

On the surface family feuds don't look so good for business. They mean decisions are often put off as family energies get diverted to emotional disputes between members, not the running of the company, writes David Bain. 

July 16, 2010

Tax raids by governments on private banks, such as the one on Wednesday by German investigators on Credit Suisse offices, are a short term move by governments to raise cash but do not address the underlying problems, according to one family office executive.

Tax raids by governments on private banks, such as the one on Wednesday by German investigators on Credit Suisse offices, are a short term move by governments to raise cash but do not address the underlying problems, according to one family office executive.
 

Click here >>
Close