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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

Queen's Speech Heralds Limited Liability Partnerships

A Department of Trade and Industry spokesman says LLPs will be available to two or more persons carrying on any trade or profession and will have the organisational flexibility of a partnership, with the internal agreement between members remaining confidential. “This is likely to be of particular interest to professional firms such as lawyers, accountants […]

NSB

NSB Retail Systems launches rights issue to finance its acquisition of Canadian-based STS. NSB advised by CMS Cameron McKenna (Guy Billington). Financial adviser and joint underwriter Close Brothers advised by Ashurst Morris Crisp (Adrian Clark). ING Barings was joint underwriter and broker.

Clifford Chance faces £54m suit over China deal

Southern Energy (Shajiao C) Ltd, a global energy provider and its subsidiary Consolidated Electric Power Asia, are among the five-strong consortium suing the law firm for the alleged breach of the 1991 contract. Clifford Chance, which has built up a prosperous practice in Hong Kong with 130 lawyers advising Chinese companies, grossed more than £440 […]

Norton Rose-Gaedertz merger breaks down

Merger talks between Norton Rose and Gaedertz have been thrown into disarray with the German firm’s failure to approve the link-up. A partner vote at Gaedertz failed to secure the minimum 80 per cent approval required from partners. It is understood that the result fell some way below the requisite level. “There was some difference […]

Orrick's UK founder quits for Tite & Lewis

The founder of Orrick Herrington & Sutcliffe’s London office is leaving to launch a structured finance practice at Tite & Lewis, the law firm tied to accountants Ernst & Young (E&Y). Tamara Box, who opened the office for US firm Orrick in 1996, will be the first structured finance and securitisation partner in an accountancy-tied […]

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