DLA Piper Europe and Asia reaps £366m

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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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New York firms Cravath Swaine & Moore and Cadwalader Wickersham & Taft have both grabbed the top roles on Johnson & Johnson’s $16.6bn acquisition of Pfizer Consumer Healthcare. Cravath partner George Schoen said old connections helped the firm win its role: “Johnson & Johnson is a long term client of Cravath. It’s a carve-out business […]

White & Case scoops Mittal Steel remit

White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel’s €26.9bn (£18.59bn) acquisition of rival Arcelor. The deals will be financed through a €10.8bn (£7.47bn) syndicated loan, which consists of a €5bn (£3.45bn) and a €2.8bn (£1.93bn) acquisition line. The remaining €3bn (£2.07bn) of the loan will […]

Chen & Co granted Hong Kong licence

Shanghai-headquartered firm Chen & Co has become the second People’s Republic of China-based law firm to be granted a foreign law firm licence in Hong Kong. Managing partner Frank Chen will oversee the new office, which will only offer China advice. King & Wood is the only other China firm to have been approved by […]

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CPS hit by racism allegations

The Crown Prosecution Service has been rocked by accusations of racism by one of its own prosecutors, former barrister Uma Bhardwaj. Bhardwaj is taking the CPS to the Central London Employment Tribunal, claiming its recruitment strategy discriminates against black and Asian recruits. In 2004, the CPS offered Bhardwaj a role as a senior prosecutor but […]

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