Paul Weiss Rifkind Wharton & Garrison has recruited its first restructuring partner in London, hiring from Akin’s City office. Liz Osborne joins Paul Weiss’ burgeoning ranks as a partner and head of the European restructuring group. She has been at Akin since 2014 when she moved over as part of the Bingham McCutchen team. Prior […]
Dutch firm De Brauw Blackstone Westbroek is hoping that the latest claim it faces from the trustees of a bankrupt engineering client will be its last, as a dispute between the pair continues to run after almost a decade. De Brauw’s annual report showed that a Rotterdam court had permitted an appeal to a decision […]
The general counsel of British clothing retailer Ted Baker has shared a heartfelt post on social media supporting her team, who are looking for new roles after the business fell into administration in early March. General counsel Alison Beveridge said: “As we near the end of the administration of Ted Baker, the upcoming sale to […]
Freshfields has been appointed as the lead law firm acting on the administration of online car company Cazoo. Advising joint administrators Matthew Mawhinney and David Soden from Teneo Financial Advisory, the magic circle finds itself sorting out the collapse of one of its longstanding retail clients. It was announced this week that the retailer had […]
Another partner from Milbank’s financial restructuring team is set to leave the firm, this time joining Allen & Overy ahead of its merger with Shearman & Sterling. Karen McMaster is the latest partner loss from Milbank following last month’s news of a structured finance team led by partner John Goldfinch moving to Allen & Overy, soon […]
South West: Growth at Exeter-headquartered firm Michelmores has hit a 10-year high following a period of inward investment. Revenue at the firm climbed 14 per cent from £42.8m to £48.8m, just shy of the psychologically important £50m revenue barrier, which the firm is likely to hit next year. Managing partner Tim Richards said turnover was […]
The much-vaunted deal between Japanese conglomerate Softbank and British-based AI-chip innovator Graphcore comes at a pivotal time for the tech sector. The deal, understood to be valued at more than $500m, closed last week, shortly after the installation of a new Labour Government and when no definitive answer exists as to what AI regulation might […]
Making partner can be stressful, full of uncertainty and unmet promises. Walker Morris’s new formal scheme hopes to change that.
Leeds: Mills & Reeve is soon to double its footprint in Leeds with the relocation of its office. Beyond the Bubble, in association with LexisNexis: While the firm is staying put at 1 City Square, it is vacating its current premises on the fourth floor and has agreed to take a 10,200 sq ft office […]
As counsel to the Post Office inquiry, Jason Beer KC is fast gaining celebrity-level status with thousands tuning in to see him grill key witnesses.
We’ve looked at the Conservatives, Labour and the Liberal Democrats, but there are lawyers fighting to be elected for other parties too, including the Communist Party of Britain, several law students and a member of the ‘Turnip Taliban’…
London: Lincoln’s Inn firm Hunters Law has rebounded in the 2023/24 financial year, posting a 10.2 per cent revenue rise, from £12.7m to £14m. Beyond the Bubble, in association with LexisNexis: The firm had flatlined for several years, dancing between £12.1m at the lower end to £12.7m at the higher end for the previous five financial years. […]
Some GCs relish leading on sustainability, while others see it as an extra burden on their already overwhelming workload.
The doom of the middle market has long been foretold. As global mergers grab attention and smaller, boutique firms blossom, many question whether there is any role for mid-market practices in law’s future. But on Tuesday evening, Addleshaw Goddard marked a remarkable, decade-long turnaround as it was crowned Law Firm of the Year at The […]
In the recent case of Re Grand State Investments Limited, the Grand Court of the Cayman Islands struck-out a winding-up petition presented against Grand State Investments Limited by a shareholder claiming a debt on the ground that the alleged debt was disputed on bona fide and substantial grounds.
In a comprehensive judgment published on 23 April 2020, the Cayman Islands Court of Appeal, comprising Moses JA, Martin JA and Rix JA, has provided welcome clarification of the interplay between a contractual agreement to arbitrate disputes arising between shareholders and the exclusive jurisdiction of the Court to determine whether a company should be wound […]
By Simon Clark, Gawain Moore In Gertner v CFL Finance Ltd [2018] the Court of Appeal found that there had been a material irregularity at the creditors’ meeting convened to consider the debtor’s IVA proposals. The lender’s breach of the good faith principle between creditors was sufficient to revoke the IVA on grounds of material irregularity.
