The long-awaited tuna bonds litigation kicked off today, being described by Joe Smouha KC as one of the worst cases of fraud that the Commercial Court has ever seen. After a chaotic day of procedural wranglings yesterday, the Essex Court silk set out the Republic of Mozambique’s arguments alongside Serle Court’s Jonathan Adkin KC to […]
RPC has taken over the mandate to defend Payward, owner of US cryptocurrency exchange Kraken, in a class action valued between £51m and £9.9bn brought against several crypto businesses. An estimated 240,000 UK investors of cryptocurrency Bitcoin Satoshi Vision (BSV) have claimed to have suffered losses after trading platforms Binance, Bittylicious, Kraken and ShapeShift delisted the BSV token in […]
The $4bn tuna bonds litigation is set to proceed to opening arguments on Tuesday, after a messy opening day today in London’s Commercial Court threatened to derail the three-month trial. More than a dozen silks jousted over disagreements that emerged last week between the Republic of Mozambique and Credit Suisse, represented by Peters & Peters […]
Today, the Competition Appeal Tribunal (CAT) heard the first amalgamation application of its kind, as two separate class representatives sought to merge their claims against Google, represented by Herbert Smith Freehills, to avoid a carriage dispute. Former director of Ofcom, Claudio Pollack, brought his claim against Google in November 2022. Humphries Kerstetter and Geradin Partners represented Pollack, […]
The long-awaited tuna bonds litigation kicked off today, being described by Joe Smouha KC as one of the worst cases of fraud that the Commercial Court has ever seen. After a chaotic day of procedural wranglings yesterday, the Essex Court silk set out the Republic of Mozambique’s arguments alongside Serle Court’s Jonathan Adkin KC to […]
RPC has taken over the mandate to defend Payward, owner of US cryptocurrency exchange Kraken, in a class action valued between £51m and £9.9bn brought against several crypto businesses. An estimated 240,000 UK investors of cryptocurrency Bitcoin Satoshi Vision (BSV) have claimed to have suffered losses after trading platforms Binance, Bittylicious, Kraken and ShapeShift delisted the BSV token in […]
The $4bn tuna bonds litigation is set to proceed to opening arguments on Tuesday, after a messy opening day today in London’s Commercial Court threatened to derail the three-month trial. More than a dozen silks jousted over disagreements that emerged last week between the Republic of Mozambique and Credit Suisse, represented by Peters & Peters […]
Today, the Competition Appeal Tribunal (CAT) heard the first amalgamation application of its kind, as two separate class representatives sought to merge their claims against Google, represented by Herbert Smith Freehills, to avoid a carriage dispute. Former director of Ofcom, Claudio Pollack, brought his claim against Google in November 2022. Humphries Kerstetter and Geradin Partners represented Pollack, […]
Euronet and Mastercard head to the CAT for trial After an 11th-hour settlement between Euronet and Visa on 2 October, the dispute heads to trial today following a two-week delay with the remaining defendant, Mastercard. Euronet operates ATM networks in countries including the Czech Republic, Greece and Poland. It had alleged that Mastercard and Visa’s rules […]
European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
A senior member of Travers Smith’s corporate group has left for Linklaters, after a string of departures from both firms. Richard Spedding has left the firm for Linklaters after 25 years at Travers, making partner in 2003. Working in M&A and equity capital markets, Spedding was also an associate at Freshfields Bruckhaus Deringer for five […]
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
Orrick Herrington & Sutcliffe has drafted in the former M&A head of Shearman & Sterling’s Italian associate firm to rebuild its transactional capacity in the country. Fabio Fauceglia joins the firm from Studio Legale Associato Shearman & Sterling, bringing with him a team of six lawyers, comprising of counsel Leonardo Pinta and five associates. Fauceglia […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
