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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

Zero-hours contracts — is time up?

Growing public concern over zero-hours contracts has led the UK government to review their use. What does this mean for companies that employ staff on such contracts? The term ‘zero hours’ is not a term of art but generally indicates a contract for casual work under which the employer is not obliged to provide a […]

DLA Piper advises Better Capital on firm placing and open offer

DLA Piper has advised Better Capital PCC Ltd on its firm placing and open offer raising £185.6m for further investments. Better Capital is a Guernsey-incorporated, registered closed-ended collective investment scheme with the investment objective of generating attractive total returns from investing in a portfolio of distressed businesses. The company has two protected cells — the 2009 […]

Are you locked up?

Amid the revenue and profits figures and the ups and downs is data that will interest anyone with a financial bent – work in progress and debtor days. In today’s finance-focused edition of The Lawyer Management Louis Baker, head of professional practices at accountant Crowe Clark Whitehill discusses the impact of lockup. The accountancy firm’s […]

Mitchell

A High Court whip lashing

Former Tory chief whip slapped down for costs violation in ‘Plebgate’ case Lord Justice Jackson’s costs budgeting regime recently arrived at the High Court with a bang.  Earlier this month Master McCloud took a hard line on the reforms, refusing to give an inch when asked for leniency by a litigant who had missed budget […]

Material adverse change — what does it mean?

By Anna Voss Material adverse change (MAC) provisions appear in the majority of loan agreements. The recent Grupo Hotelero case included interpretation of MAC in the context of a representation that there had been no MAC in a borrower’s financial condition. While adding some clarity, the case doesn’t make a ‘no MAC in financial condition’ […]

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