Unlike in the US, most class actions in England and Wales proceed on an opt-in basis, such that individual claimants must take positive steps to join the action. This means that they are unlikely to become as prolific here, although it seems clear they are on an upward trajectory. The…
Global Briefing
Diamonds Don’t Take Forever
In an official engagement last year, Duchess of Sussex Meghan Markle was seen sporting a set of diamond earrings that were remarkable not for their clarity or cut but because they were made in a lab rather than mined from the earth. This was yet another sign that in recent…
Global Trade Fair Operations Off to a Successful Start
Messe Frankfurt has held its first trade fairs since the multi-month global lockdown – with great success. Taking place from 15 to 17 July, Intertextile Shenzhen Apparel Fabrics and the Yarn Expo demonstrated just how important personal encounters are, highlighting the increased need for face-to-face meetings in the current situation.
Global Private Wealth Surged by 80% in the Last Decade
Global private wealth has been growing fast in recent years, exceeding economic growth worldwide. With the number of millionaires reaching 24 million in 2019, and the Fintech industry offering new services to people with more limited amounts of disposable income, the value of assets held by the private wealth managers…
Facing Uncertainty after Wirecard Collapse: An Insider’s View on Mitigating Situation and Third-Party Necessity
On June 25th, payment processing company Wirecard filed for insolvency, leaving numerous companies in uncharted territory. ConnectPay, an online banking service provider, has shared their view on the matter and raised the question of third-party involvement in digital payments. Just recently, the payments market was struck by surprise, when Wirecard…
How Biotech and Med-Tech SMEs Can Take Action During COVID-19 Crisis
Global SME Adviser RWTGrowth offers advice to firms looking to grow or scale Coronavirus and the associated lockdown and social distancing measures have been incredibly damaging for most businesses in the past month. The UK stock market is down 25% and many thousands of businesses are having to…