Singapore CoA slashes $250m award to $700,000

It’s been a week of big money battles at courts at home and abroad. In Singapore the Court of Appeal has slashed a $250m arbitration award to just $700,000 after an appeal by Essex Court’s Toby Landau QC for the Lippo Group.

It’s been a week of big money battles at courts at home and abroad. In Singapore the Court of Appeal has slashed a $250m arbitration award to just $700,000 after an appeal by Essex Court’s Toby Landau QC for the Lippo Group.

In London, Travers Smith client Sebastian Holdings has been landed with a £50m indemnity costs bill for Deutsche Bank after it failed in an $8bn claim against the bank.

And Slaughter and May faced criticism in court over its close relationship with Ernst & Young and the billing methods it used during a major administration. Ouch.

At least it’s Friday.

Also on TheLawyer.com:

  • Allen & Overy (A&O), Osborne Clarke (OC) and Proskauer Rosehave advised on the $1.7bn (£1bn) sale of Swiss pharma giant Novartis’ transfusion diagnostics unit to Spanish plasma therapies company Grifols.
  • Criminal law solicitors remain undeterred in their bid to oust the Law Societyleadership over its dealings with ministers regarding proposed legal aid rate cuts – despite Chancery Lane’s bid to placate specialists with an 11th hour meeting with ministers on Wednesday.
  • Last night, the now-traditional end-of-year curtain closer on legal market battle of the bands Law Rocks, the Six of the Best competition featuring previous winners, rolled its rowdy rock ‘n’ roll show into London’s 100 Club.

PS. Know a mature student or career changer thinking of entering the legal profession? Lawyer 2B is holding its free ‘Not Too Late For Law’ event on Thursday 28 November.

This unique careers evening will comprise of a set series of informative seminar sessions, interactive workshops and informal networking with firms. Attendance is by invitation only: register at www.l2bnottoolateforlaw.co.uk

PPS: In-house lawyers don’t miss your chance to have your say on private practice litigators with our top 50 litigation costs research

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