The continuing maelstrom of political and media attention surrounding Peter Mandelson has made it challenging to continue with the business in its current form. While today's Global Counsel has no connection with Peter Mandelson, his role as a co-founder and his conduct, particularly in its early years, has indelibly coloured the way Global Counsel is seen in the outside world.
The builder of the superyacht Bayesian, on which British technology entrepreneur Mike Lynch died, has launched a £400 million legal claim against his widow, alleging that the tragedy caused a catastrophic collapse in its sales. The Italian Sea Group (TISG) has filed a €456 million (£399 million) lawsuit in a Sicilian court, claiming that the yacht's crew and the vessel's holding company were responsible for the sinking and the resulting damage to the company's reputation and revenues. Lynch, the former chief executive of Autonomy, died alongside his teenage daughter Hannah and five others when the £30 million superyacht capsized during a violent storm off the coast of Sicily in August 2024. His wife, Angela Bacares Lynch, survived the incident and is the legal owner of Revtom, the Isle of Man-registered company that owned the vessel.