It’s official: Freshfields ousted by Linklaters from top level RBS role

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Legal Operations Benchmarking Report 2019

The inaugural BusyLamp Legal Operations Benchmarking report documents the findings of a survey of legal departments from around the world and of varying profiles. The report looks at similarities and differences across industries, legal expenditures, legal department sizes, and geographies, and explores how certain trends are impacting other factors. The survey of 21 multiple choice […]

India: Supreme Court upholds NCLAT insolvency judgement ruling

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

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Too little too late

Is a solicitor guilty of negligence if a new judgment means old advice is now wrong? Simon Monty QC reports on how the law can change while a case is ongoing What should a solicitor do when a new decision impinges on advice already given in litigation? What if counsel gives advice that is affected […]

GLA picks Wragges for panel

Wragge & Co has won a place on the Greater London Authority’s (GLA) legal panel, scooping instructions to advise it in connection with London’s bid to host the 2012 Olympic Games. The instruction, following a beauty parade, is a major coup for Wragges. One source said that the firm’s success in the tender process was […]

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After three years of cheap cover on the open market, law firms this year will pay more for their primary-level insurance than they did in the year that the Solicitors Indemnity Fund (SIF) collapsed. The total contribution law firms will pay this September for their first £1m of cover is predicted to rise by 20 […]

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The treatment of poor people by banks involved in water privatisation projects in developing countries is at the centre of influential recommendations drawn up by Allen & Overy (A&O) lawyers on a pro bono basis. Some of the ideas were presented by the firm’s London-based projects partner Jeff Delmon at the Kyoto conference in Japan […]

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