Davis Polk, Shearman act on Ford debt restructure

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Countrywide sale proves big draw for big firms

The negotiations over the fate of debt-ridden estate agent Countrywide have pulled in a dizzying array of legal advisers. The big roles went to Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May on a deal that is likely to see control of the company pass to a group of private equity investors that have injected […]

Pitmans pledges to double City lawyer count

Reading-headquartered firm Pitmans has vowed to double the size of its London office as it takes over a three-partner private client firm. Managing ;partner Christopher Avery said he wants to increase the size of the London office from 15 fee-earners to 30 as soon as possible. The firm has recently taken on a new 6,000sq […]

Private equity debate hijacked by politicos

Leading corporate lawyers have spoken out against the politicisation of the debate over regulation of Europe’s private equity and hedge fund industries, which is expected to form a critical part of the agenda in the forthcoming European elections. Leading ;corporate lawyers have spoken out against the politicisation of the debate over regulation of Europe’s private equity […]

Managing property costs: Lease is the word

US firms prefer high-status locations in the City; UK firms, though, are getting better value out of their properties. In the current climate where cash is king, firms need to be doing everything they can to find new ways of ­generating income from their bricks and mortar. Clifford Chance recently signed a deal to sublet […]

Dewey to cut London headcount

Dewey & LeBoeuf has launched a redundancy consultation in London with the aim of reducing its associate headcount by approximately 15. The US firm will cut about 9 per cent of London-based associates and will also shed 13 per cent of support staff in the capital. In an email sent to all London staff chairman […]

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