DLA Piper swoops for Sacramento litigation boutique

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Latest Briefings

Companies to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons by February 2019

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

Importance of prohibition on the collateral use of disclosed documents

By Sonia Tolaney, Sandy Phipps CPR 31.22 provides that disclosed documents may be used only for the purpose of the proceedings in which they were disclosed without the consent of the disclosing party or the Court’s permission. It is well established that this rule, known as the collateral use prohibition, applies both to the disclosed documents themselves […]

Supreme Court’s refusal on Barnardo’s switching to CPI

By Ian J Gordon, Simon Davies, Chris Edwards-Earl The Barnardo’s scheme’s rules stated that uprating of benefits must be based on the “general index of retail prices or any replacement adopted by the trustees without prejudicing approval”. While the retail price index (RPI) continues to be published (i.e. not “replaced”), the Supreme Court found it is not open […]

Commercial Court dismisses allegations of fraud in connection with forex demo accounts

By Robin Henry, Jean-Martin Louw In a highly critical Commercial Court judgment, Mr Justice Knowles has described two investment funds’ allegations of fraud against a forex trading firm as “an elaborate and expensive, unmeritorious attempt” to “throw off their responsibility onto the shoulders of the defendants”. Background The claimants’ business model was to offer investors equity in […]

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Robert Elliott

Lockstep on radar as Links’ new chief takes reins

Linklaters’ senior partner-elect Robert Elliott has hinted that the firm’s lockstep system could be open to change following an election in which the issue was raised repeatedly. Elliott was confirmed as the magic circle firm’s senior partner following a contest during which the structure of the partnership and the remuneration system were key points of […]

Grant Stein

Walkers’ management rejig lays bare aspiration to build global presence

Offshore firm Walkers is reaffirming its commitment to a global footprint as it undergoes a management shake-up. The firm’s current global chairman Wayne Panton is set to retire in July this year. He will be replaced by Grant Stein, currently global ­managing partner. Stein will in turn be replaced by Diarmad Murray, who will also […]

Bridget Barker

Montagu sticks with Macfarlanes for establishment of buyout fund

Macfarlanes has won an instruction acting for Montagu Private Equity on the creation of its e2.5bn (£2.25bn) pan-European buyout fund. Funds partners Stephen Sims and Bridget Barker led the fundraising for the ­Montagu IV fund, which is said to be substantially oversubscribed, with tax partner Mark Baldwin also acting on the deal. Macfarlanes has acted […]

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Penningtons ramps up with Dawsons deal

Penningtons has acquired seven new partners as part of its completed merger with Lincoln’s Inn firm Dawsons. The Lawyer first revealed in March that the two firms were in talks, highlighting the pressure Dawsons was under to halt the exit of a string of partners into rival firms (14 March). At the 2009-10 year end […]

Hogan Lovells’ equality act

David Harris had his quip all ready at last year’s press party celebrating Lovells’ merger with Hogan & Hartson. “I know this looks like a coalition,” he said, “but neither of us is the Nick Clegg in this relationship.” Luckily, Harris does not have to draw on the nation’s emergency supplies of Schadenfreude. A year […]

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