Latest Briefings

Is a reduction in the remuneration of directors of companies in crisis mandatory?

This paper defends the obligation to reduce the remuneration of directors performing executive functions in the context of reorganisations aimed at ensuring corporate viability in a context of crisis. This obligation would derive from the principle of adequate remuneration and from the duties of care and loyalty of directors.

Currency of the future: A BVI perspective on litigating cryptocurrency

Philip Smith and Jason Kardachi (in their capacity as joint liquidators of Torque Group Holdings Limited) v Torque Group Holdings Limited (in liquidation) BVIHC (COM) 0031 OF 2021, highlights the first judgment in this jurisdiction concerning the legal status of cryptoassets in the British Virgin Islands.

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ASDA

Slaughters and Skadden lead on £6.8bn Asda takeover

Slaughter and May and Skadden Arps Slate Meagher & Flom have taken the lead on the Issa brothers’ and TDR Capital’s landmark £6.8bn takeover of Asda. TDR Capital teamed up with billionaire petrol station tycoons Mohsin and Zuber Issa to seal the deal for the grocer, beating off bidders that included Apollo Global Management. It […]

Fleet street London

Morgan Lewis promotes City duo in 25-strong round

Morgan Lewis & Bockius has made up two lawyers to partner in London, the only promotions being made by the firm outside the US. Jayne McGlynn joins the City’s corporate group having joined in 2012 from collapsed firm Dewey & LeBoeuf. She started out her career at Slaughter and May, Neil McKnight meanwhile has been […]

Fieldfisher

Fieldfisher is latest firm to kickstart consultation process

Fieldfisher is the latest firm to carry out a consultation process among its staff, following the likes of Watson Farley & Williams, DWF and Ince. The firm is understood to be cutting roles across its secretarial functions, though it is not clear how many positions will be affected. A spokesperson for the firm said in […]

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