Bloxham case: Freshfields reveals £24m severance costs

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Shipping: Lords on the sea

A recent Lords decision will see more shipping disputes go to arbitration when charterparty agreements are reneged upon. Nigel Wagland and Kevin Oram report The House of Lords’ decision in Golden Strait Corporation v Nippon Yusen Kubishka Kaisha (2007) in May has important practical implications for the charter market and for London shipping litigators in […]

Lenovo poaches Howrey partner as new GC

Personal computer manufacturer Lenovo has hired Michael O’Neill as senior vice-president and general counsel from US firm Howrey. O’Neill will be responsible for the company’s legal, corporate governance, security and government relations globally and will be reporting directly to the company’s chief executive and president William Amelio. He replaces outgoing general counsel James Shaughnessy, who […]

A tough act to follow

So it’s bye bye Fiona, hello Andrew. Last night the great and the good of the Law Society gathered to pay their respects to Fiona Woolf, outgoing president and the first of her ilk in years to know her way around the City. So it’s bye bye Fiona, hello Andrew. Last night the great and […]

A&O bags Unicredit hat trick with subsidiary’s Ukrainian purchase

Allen & Overy (A&O) has secured its third deal in two months for banking group Unicredit, advising on Bank Austria Creditanstalt’s (BA-CA) acquisition of Ukrainian bank Ukrsotsbank. BA-CA, which is part of the Unicredit Group, acquired 95 per cent of Ukrsotsbank from Interpipe Group for E1.52bn (£1.03bn). A&O partner Pervez Akhtar, who led the team […]

CMS makes 22 redundant and sends IT offshore

City firm CMS Cameron McKenna is to slash its IT staff count by two-thirds as part of its plan to outsource more of its work. The firm has entered into a £10m ‘co-sourcing’ agreement with Indian firm HCL Technologies, which will see HCL providing integrated services, including data support, IT infrastructure management and application development […]

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