European Central Bank issues new capital rules

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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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Waco looks to Linklaters on £500m private equity deal

LINKLATERS has shored up its leading status in South Africa after advising on the country’s largest private equity deal to date, a £500m sale of industrial services giant Waco. Linklaters corporate partner and South African business group head Charlie Jacobs led the team advising the shareholders of Waco on its sale to private equity investors led by […]

Lovells’ Baird flies off to Allen & Overy

Allen & Overy” />Lovells private equity star Derek Baird (left) has resigned for Allen & Overy, leaving the top 10 City firm with just one private equity partner in London. Baird is the second private equity partner to quit Lovells in recent months. Last autumn it lost German private equity star Oliver Felsenstein and a […]

Expert witnesses report better bonds with firms

Relationships between expert witnesses and instructing solicitors are improving, as the number of experts instructed to appear in court increases. Nearly 90 per cent of expert witnesses said they found solicitors’ instructions at least adequate, and there has been a rise in the number of solicitors paying experts’ fees promptly. Legal training consultancy Bond Solon […]

Firm profile: Backhouse Jones

Directors: James Backhouse, Jonathan Backhouse, Ian Jones and Andrew Woolfall Turnover: £1.8m Total number of fee-earners: 15 Main practice areas: Road transport, defendant personal injury, regulatory compliance, commercial litigation and employment Key clients: Stagecoach, Firstgroup, Arriva and Shearings Coaches Number of offices: One Location: Clitheroe,East Lancashire Clitheroe-based Backhouse Jones offers a niche service advising clients […]

Tesco sues Lovells over Czech property deal

Lovells is facing a massive negligence claim from supermarket giant Tesco over work carried out in the Czech Republic. Tesco launched its multi-millon pound claim in March 2005, and the case is set down for trial in the High Court early next year. The supermarket claims that in 1997 Lovells negligently drafted contracts relating to […]

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