Supreme | Common News Update

Feb192021 by adminNo Comments

Uber loses Supreme Court battle on drivers’ rights in gig economy test

Technology

Uber has lost its battle in the Supreme Court over drivers' rights - a decision that could have far-reaching implications for millions of people in the gig economy.Following a lengthy legal fight, the UK's highest court ruled against the taxi app firm and concluded drivers should be classed as workers, not independent third-party contractors, which means they are entitled to basic employment protections, including minimum wage and holiday pay. The victory paves the way for drivers to claim compensation running into thousands of pounds.Yaseen Aslam, co-lead claimant and App Drivers & Couriers Union president said: "I am overjoyed and greatly relieved by this decision which will bring relief to so many workers in the gig economy who so desperately need it."Co-lead claimant James Farrar, ...

Jan262021 by adminNo Comments

Supreme Court dismisses two cases about Trump’s business conflicts

Business

Jan. 25 (UPI) -- The U.S. Supreme Court on Monday tossed out two cases that dealt with whether businesses owned by former President Donald Trump unfairly profited during his time in political office. The cases, brought by a non-profit and the District of Columbia and state of Maryland were sent back to lower appeals courts to "dismiss as moot" because Trump lost the 2020 election and was no longer president. Advertisement The cases centered on whether Trump's business operations, including his hotels in New York and Washington, D.C., violated the Constitution's emolument clause, which bans sitting presidents from receiving gifts from foreign or local governments. For the four years of Trump's presidency, Citizens for Responsibility and Ethics in Washington, or CREW, the non-profit that fi...

Dec122020 by adminNo Comments

Mastercard faces £14bn class action after UK Supreme Court ruling

Business

A £14bn damages claim on behalf of tens of millions of British consumers can proceed against Mastercard following a landmark ruling by the UK's highest court.If the mass action brought by former financial ombudsman Walter Merricks is successful, it could see more than 46 million people pocket £300 each. Mr Merricks alleges the card giant's breaches of competition law, found by the European Commission in 2007, have led to people paying higher prices on goods from businesses that accepted Mastercard. Image: The UK Supreme Court ruling has opened the way for the case to proceed His case was thrown out in July 2017 by a specialist tribunal, which ruled the claim was "not suitable to be brought in collective proceedings".But it was revived...

Oct222020 by adminNo Comments

Contract of insurance is of utmost good faith, says Supreme Court

Finance

NEW DELHI: A contract of insurance is of “utmost good faith” and a proposer who seeks to obtain life insurance policy is duty bound to disclose all material facts bearing upon the issue, the Supreme Court has said. The apex court said this while setting aside the March this year verdict of the National Consumer Disputes Redressal Commission (NCDRC) which had dismissed the plea of an insurance firm against the order asking it to pay full death claim along with interest to the mother of the deceased. A bench headed by Justice D Y Chandrachud noted that the proposal form requires a specific disclosure of pre-existing ailments, so as to enable the insurer to arrive at a considered decision based on the actuarial risk. “A contract of insurance is one of utmost good faith. A proposer who seeks t...

Oct102020 by adminNo Comments

Reserve Bank of India appeals to Supreme Court to allow NPA classification

Finance

MUMBAI: India's central bank has appealed to the country's top court to let banks classify loans as nonperforming, saying a ban imposed to help borrowers in the COVID-19 pandemic could greatly harm the nation's financial system. The Reserve Bank of India, in a filing to the Supreme Court late on Friday, warned that failure to immediately lift an interim stay on banks classifying any loan as a non-performing asset (NPA) would also undermine the central bank's regulatory mandate. The court granted the stay last month, responding to a plea filed by an Indian optician, later joined by a wide range of borrowers whose income or revenue was hit by the COVID-19 pandemic. The court is set to rule on the matter on Tuesday. The ruling could have far-reaching consequences not only for millions of bo...