The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Coudert Brothers is seeking leave to appeal a judgment handed down in February that found the firm had acted negligently on a £5.5m Russian share purchase for UK clothing manufacturer IML.
Mr Justice Buckley ruled in the High Court that the firm failed to notice a discrepancy in the share agreement signed by IML, requiring it to invest £5.5m over five years in Russian clothing manufacturer Bolshevichka.
The Russian government had earlier stipulated that such an investment should take place over three years, but a Moscow arbitration later declared the agreement invalid.
Coudert associate John Sheedy, now based in New York, handled the case, supported by a London partner.
The court has just assessed damages at 70 per cent of the value that would have been realised by IML had Coudert not acted negligently on the original £5.5m investment. Brooke North, IML's solicitors, has engaged experts to assess what the final value of the investment would have been.