Firm bucks Asia trend

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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Capital rules pose threat to lawyers

Many law firms will be driven out of the investment business by draconian new capital reserve requirements, solicitors are warning. Investment companies governed by existing financial regulators such as Imro have to keep at least a quarter of their annual turnover liquid to protect clients should they go bust. The Financial Services Authority (FSA), which […]

Law firm management: how to solve a professional dilemma

Bill Tudor John says lawyers are still best-equipped to run their own firms and candidates should not see the role as a poisoned chalice. Bill Tudor John is senior partner at Allen & Overy. I read recently that Linklaters, the London bit of Linklaters & Alliance, is having difficulty choosing a new managing partner now […]

BP-Amoco merger fuels UK firms' ascent

Linklaters and Freshfields have almost certainly scooped the top two spots in the M&A league tables for 1998 by advising on opposite sides of the £67.5bn BP-Amoco merger – the world’s biggest ever industrial merger. BP is a long-standing client of Linklaters, but for Freshfields, US client Amoco is a new instruction. However, the structure […]

Shaw electrifies power merger. James Davis of Freshfields led a team advising Southern Electric.

To help electricity company Scottish Hydro-Electric merge with Southern Electric, Herbert Smith wheeled out its latest weapon, gamekeeper turned poacher Michael Shaw (pictured right). Shaw, who co-led Herbert Smith’s team with partner David Paterson, had only just returned to Herbert Smith in June after a two-year stint as joint secretary to the Takeover Panel and […]

People are the problem with legal IT

In the first of a series of articles, consultant John Irving says fee earners and IT professionals must work together. John Irving is an independent IT consultant. He can be contacted at john@jdirving. demon.co.uk Not too long ago, battles to move IT out of the back office and onto fee earners’ desks were in full […]

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