City’s top firms mop up the banking mess

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Latest Briefings

Issues concerning construction and enforceability of settlement agreements

By Craig Orr Zurich Insurance v Hayward has drawn attention to the scope for parties to re-open settlements when new evidence disproving the other side’s case later emerges. Craig Orr QC considers this and other issues concerning the construction and enforceability of settlement agreements, by reference to modern English and Commonwealth authority.

Romanian Competition Council’s conclusions on retail banking sector inquiry

By Iustinian Captariu, Theodora Stoica Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market (“PSD2”), the Romanian Competition Council (the “RCC”) launched in 2016 a comprehensive study of the Romanian retail banking market. PSD2 is expected to fundamentally change the way […]

Canada: Federal government to implement Wells v Canada

By Jaimie Lickers, John J. Wilson Yesterday, representatives of the federal government and the Qalipu Mi’kmaq First Nation of Newfoundland announced that – as a result of the litigation advanced by Gowling WLG – it will reassess approximately 58,000 membership applications for membership denied on the basis of the evidentiary criteria set aside in Wells v. Canada. […]

MPs can depend on government to renegotiate as part of meaningful vote

By Kieran Laird In the political tempest of the last couple of days it would be easy for a report by a Parliamentary committee to slip under the radar unremarked. However, today’s report by the Commons Procedure Committee concerns the very live issue of the form of the motion on which MPs will have their meaningful […]

Can the UK reverse out of Brexit?

By Kieran Laird In a few weeks MPs will be asked to vote to approve the Withdrawal Agreement and political declaration on a future trade deal negotiated by the government. At present, the mood music is that many – both pro- and anti-Brexit – dislike the package. However, whether or not they vote against it will, […]

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Bingham financials: PEP up 6 per cent, turnover up 3

Bingham McCutchen has announced a 6.4 per cent hike in profit per equity partner (PEP) for the 2008 financial year. The US firm grew PEP from $1.335m in 2007 up to $1.42m in 2008. Global revenue at the firm saw a 3.2 per cent increase in the same period, to $767m from $743.5m last year. […]

Cadwalader London: five ways to say goodbye

Losing seven partners from its City office highlights the frailties of Cadwalader’s global strategy. It also provides a perfect example of what not to do in the current economic climate. Two weeks ago The Lawyer exclusively revealed that seven partners from the London ;office ;of ;New York’s Cadwalader ­Wickersham & Taft handed in their resignations […]

The hard cell: Clare Algar, Reprieve

As the executive director of human rights charity Reprieve, Clare Algar welcomes President Obama’s focus on the rule of law. Speaking ;from ;a ­windowless room at Reprieve HQ, Clare Algar could be forgiven for asking herself why she left a promising career as an IP lawyer to help people she has never met in South […]

Herbert Smith lands Nortel job

Herbert Smith is advising Ernst & Young on the ­administration of the European businesses of Canadian ­telephone manufacturer Nortel Networks. The Herbert Smith team is being led by ­restructuring ­partner Stephen Gale and ­Laurence Elliott and includes corporate partners Gavin Davies and Alan ­Montgomery, pensions partner Roderick Morton and ­employment ­partner Andrew Taggart. In the […]

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Blake Lapthorn launches second redundancy round

Blake Lapthorn launches second redundancy round” />Blake Lapthorn has announced a second redundancy consultation, with up to 30 additional members of staff facing the prospect of losing their jobs. As reported on TheLawyer.com, last October the firm began consulting with 43 members of staff across its offices in London and the South East (2 October […]

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