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Latest Briefings

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 […]

Recommended

Church law may contravene convention

Roger Pearson reports on a High Court case which has a church claiming that landowners should pay one of its repair bills. A Warwickshire couple are waiting to hear the outcome of a bizarre legal battle in which their local church claims that they are legally bound to foot a £95,000 bill for repairs to […]

Allen & Overy’s Italian desk advises on £2.4bn takeover

Allen & Overy‘s new London-based Italian desk has acted on what it claims is one of the most significant deals ever in Italy. The Italian desk, which was set up at the end of last year, advised Mediobanca on its £2.4bn funding of the takeover of Italian chemical giant Montedison by industrial and insurance group […]

Property

Linklaters & Alliance advised Development Securities on its £84m acquisition of a 13 acre Bishopsbridge site at Paddington. The acquisition from Gainhurst Properties is being funded by Norwich Union Life & Pensions and The Equitable Life Assurance Society. Linklaters partner Robert Finch led a team of seven on the deal. Gainhurst was advised by CMS […]

Digests

Denton Wilde Sapte has scooped its third major insolvency case this year. The firm has been appointed by accountants Kroll Buchler Phillips to work on the collapse of AIM-listed company SignCorp, which has got bank debts of between £8-10m. The amount owed to trade creditors has yet to be established. Lloyd’s of London has appointed […]

Lloyd's appoints 29-year-old legal chief

Sean McGovern, presently head of finance and international, takes over as director of legal services on 1 April. Current chief, James Butler, is leaving the insurance group to become head of legal at the internet bank Egg. McGovern joined Lloyds three-and-a-half years ago from Clifford Chance, having qualified in 1994. McGovern’s will lead a team […]

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