Cadwalader, Stroock rake in fees on airline bankruptcies

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Latest Briefings

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

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 grant 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 […]

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Dundas competition partner returns to SJ Berwin

SJ Berwin has won back senior competition partner Tom Usher from Dundas & Wilson. Usher joined Dundas’s Edinburgh office as head of EU competition in January 2004. He had hoped to be doing the majority of his work out of Edinburgh, but the nature of the work and the client base meant his activity continued […]

Camerons misses out on Nestlé panel place

International food and beverage giant Nestlé has dumped CMS Cameron McKenna in favour of Pinsent Masons for its UK regulatory and litigation legal panel. Nestlé has dropped three firms in total as the company aims to slash its legal budget. Nestlé’s UK head of legal Isabelle Deschamps told The Lawyer: “There’s been quite a big […]

Equitable escapes libel suit despite ‘negligence’ claims

Ernst & Young (E&Y) has decided not to launch a defamation suit against Equitable Life despite Equitable’s continued claims that its audit work was negligent. Following the settlement of the high-profile battle last week, Equitable chairman Vanni Treves said: “We remained confident of proving that Ernst & Young’s audit was negligent; indeed, even its own […]

Deals round-up

US firms Gibson Dunn & Crutcher and Cleary Gottlieb Steen & Hamilton have popped up in Deutsche Post’s £3.7bn takeover of Exel. Gibson Dunn is providing US legal advice to Exel, while Deutsche Post has instructed Cleary. Meanwhile, Slaughter and May has teamed up with best friend Hengeler Mueller to advise Exel. The consideration will […]

The silk with loads of lolly

The news that one criminal silk – Jim Sturman QC of 2 Bedford Row – was paid the grand sum of £1.2m in legal aid fees last year caused quite a ruckus in the press. But Tulkinghorn can exclusively reveal the real Sturman, a man far removed from the bewigged and serious barrister who was […]

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