Ernst & Young sued over Law Society of Upper Canada's massive indemnity deficit

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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 […]

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Japanese review

The Japanese Ministry of Justice is conducting a review of its policy with respect to foreign law firms. According to Jonathan Goldsmith, the director of the Law Society’s international directorate, the exercise is being taken as part of a move towards liberalisation. He said that Japan was facing a big bang similar to that in […]

Financing

Wilde Sapte acted for Finnish Export Credit on the provision of a $11.5m (£18.6m) floating loan rate facility to Brazilian pulp and paper company Aracruz Cellulose to finance the purchase of a recovery boiler from a Finnish manufacturer.

In brief: Shoosmiths & Harrison pick up Pickin

Andrew Pickin, former head of Eversheds’ East Midlands commercial department, has joined Shoosmiths & Harrison as a partner. Pickin, who specialises in commercial contract work, will be based in the firm’s Nottingham office.

Property

Clifford Chance acted for Credit Lyonnais in its £31.5m purchase of the freehold of its Broadwalk House offices, part of London’s Broadgate development, from British Railways Property Board, represented by Berwin Leighton.

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