Cravath launches restructuring group with rare lateral

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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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Former Freshfields partner joins Reed Smith to elevate finance offering

Finance partner Rex Rosales is set to join Reed Smith Richards Butler after announcing his departure from Freshfields Bruckhaus Deringer two weeks ago. Rosales is to play a role in expanding Reed Smith’s asset finance and securitisation team, according to head of finance Nola Beirne. Beirne said the team, which consists of 19 finance partners, […]

Travers junior partners’ equity wait extended by a year

Travers Smith has prolonged the time it takes for junior partners to progress into full equity by a year. Junior partners now have to wait three years before they can be considered for the equity partnership, where the average profit per partner stands at £705,000. Voting on this year’s promotions into the equity will take […]

Slaughters hikes salaries to stay in touch at the top

Slaughter and May has sent out letters to its associates outlining their new salaries, which just fall short of the majority of the magic circle’s. Last week’s (1 May) long-anticipated announcement, the firm’s second in six months, sees Slaughters gift its newly qualified associates a 5.8 per cent rise, taking base salary to £63,500 from […]

SJ Berwin enjoys results to shout about

The UK’s law firms are really getting their acts together. We’re just eight days into the new financial year and the results are flowing in. SJ Berwin is the latest to post fantastic figures, with billings up by 23 per cent – which means that an extra staff bonus of five per cent kicks in. […]

Schönherr snares rival’s team in CEE expansion

Austrian firm Schönherr is poised to take the entire real estate team of local rival Cerha Hempel Spiegelfeld Hlawati (CHSH) as it targets massive expansion across Central and Eastern Europe (CEE). The team at CHSH, which has offices across the CEE region, is headed by partners Alfred Nemetschke and Walter Anderl, who will both join […]

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