CC seeks IT compatibility for merger

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

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 […]

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Barristers fight solicitors for share of a shrinking market

Rumour has it that a leading insurer recently brought together all its panel firms for a meeting. At the start of it, they were told: “Anyone not prepared to handle claims at less than £x an hour can leave the room now.” It is now accepted wisdom that insurers’ review of law firm panels has […]

Digest

A former Baker & McKenzie partner who left the law to become an artist is graduating this month from Wimbledon School of Art. Richard Davidson was a member of Baker & McKenzie’s international executive committee for four years before he left in 1995 to explore city life in paint. Some of his paintings, including the […]

OSS faces rejig after E&Y audit

The Office for the Supervision of Solicitors (OSS) may have to rejig its procedures after an independent audit by accountants Ernst & Young. E&Y suggests there should be “a significant input of resources”, including recruiting 23 permanent and 82 temporary caseworkers. It estimates that the changes will cost the OSS nearly u6m. Kamlesh Bahl, deputy […]

Nelsons announces merger with Derby practice Gadsbys

East Midlands firm Nelsons is merging for the second time this year – with Derby-based practice Gadsbys. The merger with the six partner commercial property practice will take effect on 1 October and will bring the partner count to 42. Two months ago Nelsons merged with Derby firm Alfred Sevier & Son, which specialises in […]

Flotations & Financing

Allen & Overy, led by partner David Morley, advised a six-bank group of arrangers, including Citibank, Goldman Sachs, Merrill Lynch and UBS, on the US$16bn bid financing put in place for Spanish oil company Repsol’s bid for Argentina’s largest privately owned company, YPF. Freshfields advised the borrower.

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