Global coverage

Heathrow has a back-up plan to extend an existing runway if the new one is not approved

City firms gear up to defend Heathrow from new runway challenge

DAC Beachcroft looks set to launch a challenge against the Department for Transport (DfT) after submitting a 21-page document highlighting “serious errors” in the DfT’s plans to build a third runway at Heathrow airport. DAC partner and head of planning Christopher Stanwell is representing action group Heathrow Hub, which proposes an extension to the existing […]

A&O

A&O lures back partner after two-year Cleary stint

Allen & Overy (A&O) has rehired its former head of non-contentious financial services regulation, two years after he left the magic circle firm for Cleary Gottlieb Steen & Hamilton. Bob Penn spent nearly a decade in the A&O partnership and was a member of its financial services regulation team before leaving to join the US firm in September […]

CMS gets £132m cash boost after sale of Olswang and Nabarro offices

CMS Cameron McKenna has released itself from nearly £132m worth of real estate liabilities after selling off surplus office space owned by legacy Olswang and Nabarro, The Lawyer can reveal. When the firm agreed its merger with the two London-headquartered firms, CMS took on extra space in London, as well as Dubai and Singapore. It has now consolidated […]

Kazakhstan

Linklaters wins appeal for BNY Mellon over $23bn asset freeze

Linklaters has successfully defended the Bank of New York Mellon from an appeal launched by the National Bank of Kazakhstan (NBK) against the freezing of assets. A judgment permitting BNY Mellon to freeze $23bn worth of assets belonging to the NBK’s National Fund of Kazakhstan was passed down in Belgian and Dutch courts, and was […]

Brazil

HFW strengthens LatAm presence with new Brazilian association

HFW has announced a new formal association with Brazilian firm CAL, while also hiring aviation partner Julio Costa from Mayer Brown‘s associate firm in the South American country. Costa left Tauil & Chequer Advogados to set up CAL alongside insurance partner Gustavo Lasalvia and six fee-earners. The new firm is expected to gain regulatory approval […]

Chicago

White & Case targets US growth by 2020 with Chicago launch

White & Case is making good on its promise to expand in the US, launching its second new office in the country this year. The firm is to open its doors in Chicago hiring Greenberg Traurig private equity partner Gary Silverman and former White & Case white collar associate Carolyn Gurland, who has been working […]

Money

Kirkland enters associate pay battle with “one time summer bonus”

Kirkland & Ellis has waded into the battle for US associate pay, joining trendsetter Cravath Swaine & Moore in offering the highest rates to its most senior lawyers. Kirkland is also paying a “one time special summer bonus” this year to US associates and its non-share partners, which is understood to reach up to $25,000. An […]

financial

Quinn matches Cravath with $340,000 salary for top-end associates

Quinn Emanuel Urquhart & Sullivan will pay top-end associates $340,000 a year as the battle between US firms for the best talent rages on, it has emerged. The pay scale announced by Quinn matches Cravath Swaine & Moore’s figures released earlier this week, as US firms continue to up the stakes in associate remuneration. Milbank Tweed […]

payment

Clifford Chance leads on bumper fintech listing for PayPal rival

Clifford Chance has advised on one of the largest IPOs in Continental Europe this year, tapping into a trend of tech companies pursuing public listings. The magic circle firm won the mandate from Dutch fintech company Adyen, which hosts payment platforms for companies such as eBay, Uber and Netflix. Adyen turned to magic circle partner […]

box

Slaughters leads opposite best friend firm on £1.5bn DS Smith deal

Slaughter and May and Iberian firm Pérez-Llorca have advised DS Smith in a deal to take over European packaging business Europac for nearly £1.5bn. DS Smith general counsel and company secretary Iain Simm turned to Slaughters corporate partners Andy Ryde and Filippo de Falco, who led a team on the deal. The lineup also included […]

Beijing

Dentons Beijing managing partner exits for Orrick

Dentons former Beijing head Sarah Zeng is leaving the firm after six years to join Orrick, in a move that is set to bolster the latter’s Asia M&A and private equity practice. Before working at Dentons, Zeng was general counsel of Hong Kong-listed Weichai Power, China’s largest engine manufacturer; and vice president and country manager […]

sydney

Litigation funding war: Australia class action could signal UK trend

Last week, an Australian judgment picked Quinn Emanuel Urquhart & Sullivan’s sparring partner in the upcoming class action against embattled startup GetSwift. GetSwift, a fast-growing software startup under fire over allegations of misstated profits and accounts, called on Sydney-based Quinn partner Michelle Fox to represent it during these proceedings. Unusually, it was the choice of […]

China

Freshfields hires KWM “rising star” to join management in China

Freshfields Bruckhaus Deringer has hired King & Wood Mallesons (KWM) Beijing partner Hazel Yin to co-head the competition practice in China. Yin has worked at KWM for most of her career, and was promoted to partner in February 2013. In her new role, she will work alongside China co-head Ninette Dodoo. At KWM, Yin built […]

Shanghai urban network - Stock image China - East Asia, Shanghai

Linklaters gains China law capability through best friends tie-up

Linklaters has become the latest firm to secure Chinese law capability, sealing the deal for joint operations with Shanghai-based boutique Zhao Sheng. Following government approval, Linklaters becomes the first magic circle firm to take advantage of the Shanghai free trade zone scheme (SFTZ), building on the relationships it has already established in the region. The firm struck up a […]

Hong Kong

CMS agrees Hong Kong tie-up with local firm

CMS Hong Kong has entered into an association with new firm Shirley Lau & Co, providing the firm with local law capabilities in the region. The group is formed of members of Troutman Sanders’ Asia offices, including partner Shirley Lau and seven other senior corporate and litigation associates. Earlier this year, Troutman confirmed it would be pulling out of […]

Sydney

Quinn leads for shareholders in $2bn dispute against Australian bank

Quinn Emanuel Urquhart & Sullivan is acting for the shareholders of one of Australia’s largest banks in a claim that could total roughly AUD$2bn, making it one of the nation’s largest ever banking shareholder claims. AMP, the beleaguered Australian bank, is embroiled in a scandal which recently saw a reported AUD$4.5bn (£2.5bn) wiped off its […]

Clifford Chance Singapore

Clifford Chance launches innovation centre for AsiaPac offering

Clifford Chance has followed up its purchase of Carillion’s legal services arm by launching its first innovation and delivery support centre outside of Europe or the US, and the first of its kind in Singapore. The magic circle firm purchased Carillion Advice Services (CAS) to provide a low-cost, legal support base in the UK earlier […]

tokyo

Clifford Chance continues Asia shakeup with new Tokyo heads

Clifford Chance has announced its second major managerial change in the firm’s Tokyo office in a month with the appointment of co-managing partners Reiko Sakimura and Leng-Fong Lai. Capital markets partner Sakimura and structured finance partner Lai will replace current office managing partner Eiichi Kanda effective from tomorrow (1 May) as the firm says Kanda […]

Slaughters makes third-ever lateral partner hire in Hong Kong

Slaughter and May has hired investigations lawyer Wynne Mok in Hong Kong, making her the third partner to join the firm from an external position. Mok joins Slaughters from the Hong Kong Securities and Futures Commission, where she has been director of enforcement since 2016. Prior to moving in-house, Mok was a partner in Norton […]

beijing china

Clydes loses Beijing managing partner to Chinese firm

Clyde & Co‘s star magic circle hire in China, Beijing managing partner Patrick Zheng, has left after four years to join independent firm Llinks Law. Zheng will be a partner in Llinks’ cross-border dispute resolution practice. In his new firm, Zhang will join co-founder Charles Qin, as well as partner Peiming Yang, in leading the firm’s […]

Seoul

Shearman set to follow US rivals with South Korea launch

Shearman & Sterling is edging towards a launch in South Korea with plans to open in Seoul by the end of the year, The Lawyer understands. The US firm is understood to be awaiting regulatory approval to launch in the region, which could take up to several months. The office would be the third to […]

Hong Kong

Eversheds Sutherland Asia TMT head joins K&L Gates

Eversheds Sutherland‘s Asia head of technology, media and telecommunications (TMT) has left the firm’s Hong Kong office for K&L Gates. Nigel Stamp is joining the US firm as a partner after nearly seven years at Eversheds. He previously headed Morrison & Foerster’s China TMT practice, which he joined in 2006 from Clifford Chance. At K&L […]

The latest Europe briefings

Canada: Changes to daily operations under amended Occupational Health and Safety Act

On June 1, 2018, amendments to Alberta’s Occupational Health and Safety Act came into force, significantly expanding the nature of the health and safety obligations owed by employers and businesses in Alberta. This article focuses on one of the areas in which changes have been made: the changes to day-to-day operations of an employer to […]

GDPR: A pension trustee’s ongoing obligations

After months of preparing for GDPR, unfortunately the work does not stop now that the regulation has been implemented. Elements of the GDPR will require ongoing review and action. See our checklist below to make sure you are up to speed with your ongoing trustee GDPR obligations…

An easement or a lease – the court decides

By Deborah Gordon Brown and Michael Callaghan The High Court has decided that a document purporting to grant a lease of a right of way in fact created an easement. Background An easement is a right over one property that benefits another property, such as a right of way or a right to use a […]

Efficient arbitration – Part 1: Metrics

This is the first in a series of articles by Schoenherr focusing on efficiency in arbitration. The series explores various tools that serve to improve the efficiency of any given arbitration and so achieve a favourable outcome without wasting resources. But before exploring those tools we need to determine what efficient arbitration actually means…

Serbia adopts law on Ultimate Beneficial Owners Central Registry

The Law on Ultimate Beneficial Owners Central Registry entered into force in Serbia on 8 June 2018. This law was adopted in order to harmonise domestic legislation with international standards and to improve the existing system of detecting and preventing money laundering and the financing of terrorism. The law introduces a single, public, electronic database […]

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