Latest Briefings

Switzerland – restructuring and insolvency activity

The Swiss federal government’s Expert Group expects Switzerland’s GDP to fall by 1.5 per cent in 2020, down from previous expectations in December 2019 that predicted a rise of 1.3 per cent, mainly because of covid-19.

Romania – Consumer protection updates in the audio-visual media field

In November 2018, the European Parliament and the Council of the European Union enacted the Directive (EU) 2018/1808 amending Directive 2010/13/EU on the coordination on certain provisions laid down by law, regulation or administration in Member States concerning the provision of audio-visual media services in view of changing market realities (the “Audio-Visual Media Services Directive”).

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Simmons victorious in conspiracy claim against business duo

Fieldfisher has lost a High Court lawsuit for its client KeyMed, which brought a £15m claim against former director Michael Woodford for an unlawful means conspiracy, negligence and breach of duty. KeyMed, a UK subsidiary of Olympus, alleged that Woodford and an ex-colleague Paul Hillman had breached their duties as directors and conspired to maximise […]

Vicky Wickremeratne, Simmons & Simmons

Vicky Wickremeratne’s expertise in defending financial services clients in high reputational risk cases goes far beyond her five years as a partner at Simmons & Simmons. Prior to returning to Simmons in 2013, she served as managing director and senior counsel in Goldman Sachs’ Hong Kong office. Her six-year in-house stint working on the global […]

Paris

Fidal brings in the big guns for fight with KPMG over mass Paris raid

France’s largest firm Fidal has instructed lawyers to advise it on its ongoing dispute with KPMG, as the row over the accountant’s raid of a 145-strong team earlier this year continues apace. Darrois Villey Maillot Brochier has been brought in to advise Fidal. A mediation period to resolve the dispute between Fidal and KPMG ended yesterday […]

Saudi Arabia

Clifford Chance and White & Case seal $70bn Saudi oil deal

A quartet of firms, including Clifford Chance and White & Case are acting on petroleum and natural gas company Saudi Aramco’s purchase of a stake worth nearly $70bn (£53bn) in Saudi Basic Industries Corporation (SABIC). Clifford Chance is working alongside Saudi firm Abuhimed Alsheikh Alhagbani (AS&H) and is representing the Public Investment Fund (PIF), Saudi Arabia’s […]

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