Mayer Brown

International Top 30 position: 6
Asia-Pacific International 50 rank: 9

Payments for creditors to vote for proposals held not to be bribes

A facilitation payment to encourage creditors to vote through the restructuring proposals of creditors’ debts has been held by the High Court not to be an illegal bribe. The court had regard to the fact that the offer of payment was made openly to all relevant creditors, none of whom were prevented from voting on the proposal.

Click on the link above to download briefing.

Analysis from The Lawyer

  • apprentice 317

    Assessing apprenticeships

    Lawyer 2B looks at the varied forms of apprenticeships in the legal market, and asks whether they are really the answer to the future of legal education.

  • Clyde

    Number crunching: Clyde & Co corporate

    Earlier this year Clyde & Co revealed a 33 per cent climb in corporate revenue, from £53m to £70.7m.

Overview

201 Bishopsgate
London
EC2M 3UG
UK

Firmwide revenue 2011 ($m): 2,313
Total lawyers: 1,523
No. of lawyers: 234
Offices: 8