Hammonds hit by double Brussels exits

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Latest Briefings

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

Board decisions made by delegation of powers can be challenged in court in Romania

By Mădălina Neagu, Andra Jegan To enable decisions to be passed efficiently, the Companies Law (31/1990) created flexible mechanisms and procedures allowing specific shareholder powers to be delegated to a company’s management. Such mechanisms have been successfully implemented by a vast number of companies and have enabled them to expedite corporate changes concerning their main […]

Recommended

Prioritising diversity

During the past couple of years Pinsent Masons has embarked upon a number of initiatives to ensure that minority groups are recognised and represented in our business. One way to recognise minority groups has been to work with equality lobbying group Stonewall as a member of its Diversity Champions programme. The programme is a good […]

Treasury fights off £1bn Lloyd’s claim

The Treasury yesterday (9 November) successfully fought off a £1bn claim brought by 1,000 Lloyd’s Names. The investors in Lloyd’s of London brought the case under a Group Litigation Order. They alleged that the government’s failure to correctly implement the European Insurance Directive led to massive claims being filed against Lloyd’s in the 1990s and […]

7 Bedford Row installs its first female head of chambers

Civil and criminal set 7 Bedford Row has elected Kate Thirlwall QC as head of chambers after the previous incumbent David Farrer QC stepped down from the role. Thirlwall, the set’s first female head, takes up the position after a period of sustained growth for the set, which has seen its turnover grow to £15.3m […]

Beachcroft’s profit drive kills off private client team

Beachcroft is set for a revolutionary restructuring in a bid to boost profit. The firm’s private client team is the first to be axed after a review of underperforming practice groups. London’s unremunerative projects team will be moved to Bristol and Birmingham’s professional risks department could go to Manchester or Bristol. The firm has begun […]

Succession planning

Unbeknown to most DLA Piper partners, there was a succession race for control of the DLA empire. That race was settled last week when Nigel Knowles, doyen of DLA Piper, and his wife Sally gave birth to a son, Jack Austin. Nigel is understood to have already put in place plans for Jack to preside […]

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