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Deacons has settled the longstanding litigation against White & Case and the firm’s former partners Mark Fairbairn and Edward Cairns just two weeks before the appeal hearing was due to start.
As first revealed on www.thelawyer.com/lawyernews (27 October, 2003), the Hong Kong High Court ruled that White & Case behaved illegally when hiring a rated restructuring team from Deacons.
The court ruled that White & Case encouraged insolvency lawyers Fairbairn and Cairns to breach their partnership contracts and persuade clients to move across with them to White & Case.
However, the judge dismissed Deacons’ claims that White & Case breached a non-solicitation clause relating to merger talks between the two firms in 1999.
In a joint statement the parties said: "Deacons, White & Case, and Mark Fairbairn and Edward Cairns are pleased to announce they have reached a settlement of all the litigation between them. The terms of settlement are confidential."
"Deacons and White & Case look forward to re-establishing the amicable relationship they previously enjoyed."