Clifford Chance strengthens Tokyo office

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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 […]

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Expelled Bangkok head set for feud with Clifford Chance

Clifford Chance will shortly be hit with a lawsuit from its former Bangkok head after he was expelled from the partnership. Daniel Kaiser, a partner at New York’s Kaiser Saurborn & Mair, representing Wirot Poonsuwan, who was suspended from the firm last year over issues related to his contribution, confirmed that claims against Clifford Chance […]

Curse of the vampire

Dracula Park, intended as a new attraction for Romania, sounds a surefire winner. But as Alex Wade reports, the government is having a hard time finding local lawyers willing to get involved Ask the average Romanian what they think of Count Dracula and they will shake their head wearily. “No, please, not Dracula again,” they […]

Pillsbury settles $45m lawsuit with ex-partner

Pillsbury Winthrop has closed the chapter on its acrimonious split with a former partner after agreeing to settle a $45m (£28.7m) lawsuit. Frode Jensen left the firm in September last year to join Latham & Watkins. Pillsbury has settled with Jensen for an undisclosed sum and, as part of the agreement, has issued an obsequious […]

Clyde & Co faces £10m pension shortfall

Clyde & Co is in crisis meetings with staff over an estimated £10m shortfall in its final salary pension scheme, invested with the collapsed mutual Equitable Life. Clyde & Co equity partners, who pay to keep the 120-member scheme going out of their share of the firm’s profits, have not yet committed to a cash […]

ICSID landmark ruling

An ICSID tribunal recently defined that constitutes an ‘investment’. Juliet Blanch investigates the far-reaching ramifications for potential investors and governments A landmark decision by an international tribunal will mean investors must consider the possibility of having to write off the upfront costs they sink into development projects. This followed the successful defence of the Government […]

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