Leading cybersecurity firm Darktrace said it was in mourning over the death of former executive Stephen Chamberlain on Tuesday as divers were searching for his former patron Mike Lynch and five others who went missing when their luxury yacht capsized in a storm.
Only three months ago Mr Chamberlain and Mr Lynch were acquitted as co-defendants in a US wire fraud case. The former vice president of finance at Mr Lynch's Autonomy, Mr Chamberlain died in a traffic accident in the UK on Saturday.
Mr Chamberlain, 52, was reportedly running when he was hit by a car in Cambridgeshire in the east of England. He died later in hospital.
“We are incredibly saddened to hear of the tragic death of Steve Chamberlain, Darktrace’s former chief operating officer and a substantial contributor to the team in its early years,” the company said. “Steve was much loved by his colleagues and leaves many friends at Darktrace. We extend our deepest condolences to his family who are very much in our thoughts at this challenging time.”
Colleagues and employers of the six still missing after the 56-metre luxury sailing yacht, Bayesian, sank off the coast of Sicily have sent messages of support and hope.
As well as billionaire tech entrepreneur Mr Lynch, those missing include the non-executive chairman of Morgan Stanley International Jonathan Bloomer and his wife Judy, and Christopher Morvillo, a partner with the law firm Clifford Chance.
“We are deeply shocked and saddened by this tragedy,” a representative for Morgan Stanley said.
“Our thoughts are with all those affected, in particular the Bloomer family, as we all wait for further news from this terrible situation.”
Mr Bloomer, who testified in defence of Mr Lynch during his decade-long legal battle with the IT company Hewlett Packard, was also non-executive chairman of insurance company Hiscox.
“We are deeply shocked and saddened by this tragic event,” Hiscox chief executive Aki Hussain said.
“Our thoughts are with all those affected, in particular our chair Jonathan Bloomer and his wife Judy, who are among the missing, and with their family as they await further news from this terrible situation.”
Mr Morvillo, a partner at the New York office of the global law firm Clifford Chance, was a lead defence attorney in Dr Lynch's federal case.
Between 1999 and 2005, Mr Morvillo was an assistant US attorney for the Southern District of New York and was involved in the criminal investigation into the 9/11 terror attacks on the World Trade Centre and the Pentagon in 2001.
Fifteen of the Bayesian’s 22 passengers and crew escaped on a life raft before being rescued by a nearby boat. One body has been recovered, identified as the on-board chef, Ricardo Thomas, Italian officials said.
Mr Lynch and a small group of friends, financial advisers and lawyers were on board when the Bayesian was hit by a violent storm and was thought to have been struck by a waterspout in the early hours of Monday.
They had been celebrating Mr Lynch's recent victory in the US where he had been on trail facing wire fraud charges, after having been extradited from the UK last year.
That federal case in California, and a civil one in the UK, focused on the sale of Autonomy to Hewlett Packard in 2011, an $11 billion deal which rapidly turned south and ended with HP accusing Mr Lynch and others of inflating the true value of the company.
Car accident
Mr Chamberlain's family said he was “a much-loved husband, father, son, brother and friend”.
“He was an amazing individual whose only goal in life was to help others in any way possible,” the family added.
Having left Autonomy in 2012, Mr Chamberlain was also the chief operating officer at Darktrace, another of Mr Lynch's tech ventures.
Mr Chamberlain's US-based lawyer, Gary Lincenberg, described his client as a “courageous man” with “unparalleled integrity”.
“Our dear client and friend Steve Chamberlain was fatally struck by a car on Saturday while out running,” he said. “We deeply miss him."
Step by step
2070km to run
38 days
273,600 calories consumed
28kg of fruit
40kg of vegetables
45 pairs of running shoes
1 yoga matt
1 oxygen chamber
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
More coverage from the Future Forum
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Killing of Qassem Suleimani
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Racecard:
2.30pm: Hamdan bin Rashid Al Maktoun Emirates Breeders Society Challenge; Conditions (PA); Dh40,000; 1,600m
3pm: Handicap; Dh80,000; 1,800m
3.30pm: Jebel Ali Mile Prep Rated Conditions; Dh110,000; 1,600m
4pm: Handicap; Dh95,000; 1,950m
4.30pm: Maiden; Dh65,000; 1,400m
5pm: Handicap; Dh85,000; 1,200m
The five pillars of Islam
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
