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Hackers steal 1.2 billion passwords — four steps to take now

By Aravind Swaminathan and Tara McGraw Swaminatha The New York Times recently reported that an organised Russian criminal group stole approximately 1.2 billion username and password credentials associated with more than 500 million email addresses from hundreds of thousands of websites around the world. The article notes that the hackers used a large botnet (a […]

Follow-the-settlements clauses revisited

In autumn 2011, Thailand suffered severe floods. Among the properties damaged were shops and distribution centres owed by a subsidiary of Tesco. Tesco was insured against property damage and BI losses in Thailand under a master global policy issued by ACE European Group and under a local policy issued in Thailand by ACE INA. The […]

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Swiss Federal Supreme Court follows the practice of EPO’s Board of Appeal on singling out

In a recent decision (4A_613/2019, 11 May 2020), the Swiss Federal Supreme Court (Supreme Court) followed the practice of the Board of Appeal of the European Patent Office (EPO) as it held that the singling out of single features from two separate lists of features and therefore the combination of these  two specific features constitutes an extension of the subject-matter of the patent application leading to its nullity.

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

Cyber security: Proactivity vs reactivity

Worried about the rise in cyber crime? Peter Yapp explains to Counter Terror Business Magazine how to “expect the unexpected” and get proactive when it comes to cyber security.

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Freshfields’ former restructuring head joins Arcadia board

With Arcadia closing in on a turnaround plan for the business, the High Street giant has appointed a former head of insolvency at Freshfields Bruckhaus Deringer to support it on its next steps. Peter Bloxham joins Arcadia and parent company Taveta Investments as an interim non-executive director in the midst of Philip Green’s major overhaul […]

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Arcadia general counsel Geraghty quits after seven years

Arcadia Group general counsel Mary Geraghty has resigned from the company after seven years as its chief legal adviser. She officially leaves at the end of the month and has not yet found a new role. Geraghty joined the retail giant in July 2007, after a stint at Harrods as legal adviser (28 May 2007). […]

Clifford Chance and Kirkland scoop $17m from Inmarsat satellite sale

Clifford Chance and Kirkland & Ellis have picked up nearly $17m for their role advising on the acquisition of British satellite company Inmarsat by a private equity consortium. The £2.6bn ($3.4bn) takeover of Inmarsat by Triton Bidco, a newly formed consortium made up of London-based Apax, New York-based Warburg and two Canadian pension funds, the […]

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