Bahamian bar calls review on money laundering audit

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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 […]

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Gibson Dunn resolves Polestar debt

Gibson Dunn & Crutcher and Allen & Overy (A&O) have pulled off a landmark European debt restructuring for printing company client Polestar.The London office of the Los Angeles firm scooped the work advising the company when it ran into difficulties at the start of the year. Polestar is owned by private equity group Investcorp, a […]

To be continued

Taking on its responsibility for ensuring the standards of the UK bar, the Bar Council is making continuing professional development compulsory. Jane Creaton reports As part of its commitment to improve and maintain the standards of legal services offered by the bar, the Bar Council is in the process of phasing in a compulsory continuing […]

2

Indian official sues Dentons associate

Denton Wilde Sapte solicitor Gauri Advani is being sued for libel by Hardeep Singh Puri, the Deputy High Commissioner for India in London. A High Court claim states that they had been friends for over 20 years.Advani is the daughter-in-law of LK Advani, the Indian Home Minister. At the beginning of October, the Delhi High […]

Railtrack shareholders dump A&O for Lovells

The Railtrack Share-holders Action Group has dropped Allen & Overy for Lovells. The group left A&O because it saw a potential conflict between itself and the Railtrack bondholders that are long-term A&O clients. A&O admits it was willing to continue acting for the action group.“It was us who first spotted there could be a problem […]

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