Guiltless by association

In the fallout from the collapse of Enron, the failed action brought against Alliance Capital threw up more than a few surprises from the courts. Mark Kirsch and James Moyle report

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Latest Briefings

Capital markets round up: December 2018

By John Hamer, Debbie Jackson, Richard Naish,Daniel O’Gorman The second edition of Capital Markets Update- The monthly briefing from the Corporate Group at Walker Morris rounding up the month’s developments within the equity capital markets and looking ahead to next month

Jersey: Changing rights and responsibilities of landlords and tenants

By Katharine Marshall Letting out property in Jersey was once a strictly private affair between a landlord and a tenant but, for some tenants, this came at the risk of uncertainty, an uneven playing field and at worst exploitation. It is now more than five years since the first in a series of laws and regulations […]

Litigation: Enforcement of foreign judgments in Romania

By Ioan Roman, Alexandra Ichim, Anca Baitan Which domestic laws and regulations govern the recognition and enforcement offoreign judgments in your jurisdiction? The recognition and enforcement of foreign judgments in Romania are governed by: • Book VII, Title III of the Civil Procedure Code (Law 134/2010), which was published in the Ofcial Gazette (Part I,545) […]

High Court dismisses BT’s appeal on RPI

By Ian J Gordon, Chris Edwards-Earl BT has lost its attempt to convince the Court of Appeal that it should be able to move away from the retail prices index (RPI) for indexation of benefits for one of the sections of its pension scheme. The Court of Appeal upheld the High Court judgment that RPI had not […]

Guernsey’s code of market conduct

By Ben Morgan, Miranda Dunlop The European Union’s Market Abuse Regulation (MAR) introduced in 2016 continues to present real challenges for businesses seeking to issue certain forms of listed debt securities on any EU regulated market, multi-lateral trading facility or organised trading facility. Guernsey is not part of the European Union and has its own market abuse […]

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Feuds for thought

We love lawyers. And we especially love feuding lawyers. The normally phlegmatic Swiss are at it today. See story. It brought to mind ‘Great Feuds The Lawyer Has Known’. In recent memory we had DLA Piper‘s Nigel Knowles v Orrick’s Ralph Baxter, and Baxter seems to have most of Dewey Ballantine on his back after […]

Reed Smith hikes revenue by 14 per cent

Reed Smith‘s year-end figures before its merger with Richards Butler have revealed an increase in revenue of 14 per cent to $644m (£331.34m) in 2006. This year the firm is aiming for a 40 per cent growth in revenue to hit $900m (£463.05m). The figure takes into account the mergers with Richards Butler, which is […]

Angel to step down as Linklaters chief; succession race begins

Linklaters managing partner Tony Angel is to step down later this year, prompting a succession race at the magic circle firm. Linklaters staff were informed today of Angel’s decision, which leaves the question of handover wide open, although the favourites are capital markets head Nick Eastwell and banking head John Tucker. The firm’s international board […]

Faegre beefs up in Germany with Willkie hire

Faegre & Benson has raided fellow US firm Willkie Farr & Gallagher hiring a corporate partner to boost its Frankfurt office. Markus Wenserski, who specialises in private equity and M&A, has left Willkie’s Frankfurt office to join Faegre. Wenserski had been a partner at Willkie since 2004. Previously, Wenserski was the managing partner of Haarmann […]

Revealed: Baxter killed Dewey-Orrick merger

Orrick Herrington & Sutcliffe chairman Ralph Baxter demanded a guaranteed $25m (£12.92m) payout over five years had the proposed merger with Dewey Ballantine gone through, The Lawyer can reveal. Orrick’s management drafted an employment agreement for Baxter and Dewey chairman Mort Pierce to sign, which would have committed both partners to the newly merged firm […]

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