Cadwalader in shock raid for Latham private equity chief

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Latest Briefings

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

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Cadwalader first US firm to post faltering figures

Cadwalader has posted a 6 per cent fall in average profit per equity partner (PEP) for 2007. Cadwalader Wickersham & Taft has posted a 6 per cent fall in average profit per equity partner (PEP) for the 2007 financial year, making it the only US firm so far to report a decrease in bottom line […]

Survival tactics

Two high-profile cases of companies entering insolvency proceedings have shed light on the workings of Ireland’s examinership regime. Current market volatility has impacted on all companies operating in the financial ­sector – and Irish companies and financial institutions are no different. Recently, there have been two high-profile cases involving Irish companies that have sought the […]

Tony Blair’s brother appointed Queen’s Bench judge

Tony Blair’s brother, William Blair QC of 3 Verulam Buildings (3vb), has been appointed a judge in the Queen’s Bench Division of the High Court. Nicholas Hill, senior practice manager at 3vb, said this is the set’s second judicial appointment following the elevation of Ross Cranston QC to the bench earlier this year. “His [Blair] […]

Sallie Mae GC resigns

The general counsel of US student loan company Sallie Mae has resigned just three days after settling a suit against JC Flowers after the private equity house abandoned its $25.3bn bid for the company. Robert Lavet, general counsel of Sallie Mae for 16 years, stepped down from his role on 31 January with deputy general […]

Wragges triumphs as Appeal Court ends Cinpres patent saga

Wragges triumphs as Appeal Court ends Cinpres patent saga” /> One of the country’s longest-running patent cases has ended with a Court of Appeal victory going to the IP team at Wragge & Co, after 12 years of bitter courtroom battles. Lord Justices Jacob, Richards and Judge heard arguments from Cinpres Gas Injection, advised by […]

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