DLA Piper brings vulture fund down to earth with Zambian debt reduction

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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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CC settles with Russian clients for unpaid fees

Clifford Chance has settled a claim against a group of Russian shipping clients that had refused to pay their bills. Shipowners Rimsco, KD Marine and R&S Navigation, alongside managing agents AL Maritime and Cloudfree Ship Management, had instructed Clifford Chance to act in a dispute between themselves and four fishery companies.While Clifford Chance billed the […]

Berryman makes up two, hires one

•Midlands-based Berryman has made two internal partner promotions and one lateral hire. Property development specialist Adam Youatt, IP lawyer Scott Farnsworth and commercial contracts expert Ed Wright took up their posts in April. Youatt and Farnsworth are both established Berryman lawyers, while Wright joins from Denton Wilde Sapte. Managing partner James Jarvis said: “These are […]

Cadwalader creates flood risk bond to protect City

US firm Cadwalader Wickersham & Taft has been instructed to advise on the world’s first bond designed to protect London’s business districts from large-scale flooding. The flood bond, which was launched on the capital markets earlier this month, was structured by Swiss Re, which was advised by panel firm Cadwalader, for an arm of German […]

Irwin Mitchell promotes seven

Personal injury (PI) powerhouse Irwin Mitchell has matched last year’s partner promotions, with seven made up in this round. The firm’s rapid expansion in the past 12 months, with mergers with clinical negligence firm Alexander Harris and Scottish firm Golds, means the partnership will increase to 105 partners from 1 May. The new partners span […]

Global legal community joins forces in fight to defend Pakistan judge

The International Commission of Jurists (ICJ) has launched a mission to investigate the arrest of Pakistan’s top judge. As reported by The Lawyer (16 April), Chief Justice Iftikhar Mohammad Chaudhry was made ‘non-functional’ by Pakistan’s president, General Pervez Musharraf, on 9 March, leading to lawyers and judges boycotting the courts and clashing with police. Summoned […]

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