Grapevine

Nobody could accuse Cahill Gordon & Reindel of having a Napoleon complex. The New York high-yield specialist is notorious for keeping its partnership closed to all but a few and has shown a dogged reluctance to expand its operations abroad.

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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A&O plans overhaul of associate career path

Allen & Overy (A&O) has rolled out its long-awaited proposals to reform London associate career progression following a year when its attrition rate topped 25 per cent. Managing partner David Morley and HR head Genevieve Tennant made their final presentations in December last year. As first revealed on www.thelawyer. com (21 December), the proposals include a revamp of […]

Freshfields completes Unwins acquisition deal for Threshers

Freshfields Bruckhaus Deringer has landed a role advising drinks retailer Thresher Group on its purchase of 200 stores from the collapsed Unwins chain. The deal was completed at breakneck speed before the Christmas break, taking just 36 hours from start to finish. Threshers then made the most of its acquisition, reopening half the stores soon […]

Clydes and Covington fail to prevent airlines ECJ defeat

Clyde & Co and Covington & Burling suffered disappointment yesterday (10 January) as the European Court of Justice (ECJ) ruled against two major airline associations in a landmark case on passenger compensation. Airlines will be liable for millions of pounds in compensation after the ECJ found that a European regulation was not in contravention of […]

DLA Piper loses marine insurance specialist to SH

Stephenson Harwood has raided DLA Piper Rudnick Gray Cary, snaring marine insurance senior associate Alex Davis as a partner in its shipping litigation group. Davis acts for hull, cargo and liability insurers such as Lloyd’s, plus foreign insurers, particularly in the Norwegian market. Clients also include the Maritime and Coastguard Agency, advising on marine pollution […]

Freshfields fights Clifford Chance for Galileo brief

Freshfields Bruckhaus Deringer and Clifford Chance have gone head-to-head in a beauty parade for the lucrative role advising the private sector operators of the €3.3bn (£2.27bn) Galileo satellite navigation system. Freshfields and Clifford Chance had been advisers to two separate consortia that merged to form the Galileo Operating Company (GOC). The GOC includes two companies […]

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Register now

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