Absolute power

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Latest Briefings

A borrower can now challenge symbolic possession under the Sarfaesi Act

The Hon’ble Supreme Court (SC), in its recent decision in the matter of M/s Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh [(Civil Appeal No 10873 of 2018 along with Civil Appeal No 10874 of 2018)] (Appeals) held that a borrower can prefer an application under Section 17 (1) of the Securitization […]

New law on validity of wills in Cayman

By Anthony Partridge, Fraser Allister The Cayman Islands’ Formal Validity of Wills (Persons Dying Abroad) Law, 2018 came into effect on 1 February 2019. The law is important to people who own shares in Cayman Islands companies or have interests in Cayman Islands investment funds for example, and offers far greater flexibility for international clients who wish […]

Brexit worries drain confidence in EU reference procedure

In a legal first, Brexit prevents High Court from clarifying if it has jurisdiction in a human rights claim against the EU. The Kosovo victims of serious human rights abuses from two decades ago bring damages claims against the EU. On 13 February 2019 the High Court in the case of Tomanovic v EU [2019] […]

Litigation funding 2019 – United Arab Emirates

By James Foster, Courtney Rothery We have authored the inaugural UAE chapter in the annual Guide to Litigation Funding published by Law Business Research (part of the “Getting the Deal Through” series). This is the third edition of the global survey of the law and practice of litigation funding. With the third-party funding of litigation and arbitration […]

The Bluberi CCAA proceedings: litigation funding in insolvency

By Patrice Benoit, Geneviève Cloutier On February 4, 2019, the Court of Appeal of Quebec released its decision in the matter of Callidus Capital Corporation and al. v. 9354-9186 Québec Inc. (formerly Bluberi Gaming Technologies Inc.).  With the increase in third party litigation funding, we are now seeing it being used in the insolvency context and the Court of […]

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Flotations

Maclay Murray & Spens acted for broker Williams de Broe in a deal creating the first start-up company to have shares traded on AIM. The new company

Masters degree for top lawyers

SENIOR LEVEL solicitors and specialist practitioners can now undertake a two-year masters degree as part of new post-qualification programmes being offered by Central Law Training (CLT). The courses, provided in conjunction with De Montfort University, the University of the West of England and Staffordshire University, will run at 35 UK centres. Solicitor Peter Hibbert, De […]

Hereford and Worcester lifts hunt ban after warning

HEREFORD and Worcester Council has decided to lift a ban on fox hunting after its county solicitor warned that the policy could lead to a successful challenge in the courts. The warning from head of legal Roger Yates follows Somerset County Council’s failed attempt to ban the Quantock Staghounds. A committee report by Yates says […]

Financing

Herbert Smith acted for Newspaper Publishing in connection with its refinancing.

In brief: Firms unprepared for computer crashes

Half of the UK’s law firms have no recovery plan if their computer systems fail, according to a new survey. IT Southern, the business technology arm of Southern Water Group, says 30 per cent of practices have had a least one system crash in the last four weeks. It says out of those firms which […]

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