Latest Briefings

EU-US Privacy Shield for data transfers ruled as invalid

The Office of the Data Protection Authority in Guernsey (ODPA) has warned companies in the Bailiwick to be aware of the recent Court of Justice of the European Union (CJEU) judgment which affects all businesses who transfer personal data outside of the Bailiwick and the European Union (EU).

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

New LCIA Arbitration Rules: In force on 1 October 2020

The London Court of International Arbitration (LCIA) recently released its updated arbitration rules (the “2020 Rules”) which will come into force from 1 October 2020 and will apply to any arbitration commenced under the auspices of the LCIA on or after this date. The 2020 Rules, in the LCIA’s own words, aim to make the arbitral processes “even more streamlined and clear” for arbitrators and parties alike. We summarise nine key changes and one omission.

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Location, location, location… is entirely irrelevant in collective redundancy

Walker Morris now has the Employment Appeal Tribunal’s (EAT’s) written decision in the case of USDAW & Ors v WW Realisation 1 Ltd and another (commonly known as the ‘Woolworths case’). The appeal to the EAT was against the employment tribunal’s finding that each store was a separate establishment and, as such, the duty to […]

London
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Willkie Farr launches London restructuring practice with Kirkland & Ellis hire

Willkie Farr & Gallagher has launched a restructuring practice in London with the hire of Kirkland & Ellis partner Graham Lane. The co-chair of Willkie’s restructuring department, New York-based Marc Abrams, is understood to have visited the UK 15 times while trying to find a UK-qualified restructuring partner for London. Abrams said London would act as […]

London
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Legal fees outstripped by bankers’ earnings on public takeovers

Legal fees on UK public M&A are dwarfed by those paid to investment bankers on the same deals, with lawyers billing up to 70 per cent less on takeovers during the first half of 2013, according to research by The Lawyer.  Legal fees from 18 public offers from January to the end of June were […]

Simon Beswick

Osborne Clarke expands European base with Paris launch

Osborne Clarke is launching a Paris office with a partner hire from local firm De Gaulle Fleurance & Associés, some 15 months after disbanding its European alliance. The Paris office will be headed by Béatrice Delmas-Linel, who joins after over four years as a partner at De Gaulle Fleurance. Prior to joining the firm, Delmas-Linel […]

Cat Griffiths index

Lawyers take the fees fight to bankers

Here’s the bad news for law firm corporate heads: when it comes to M&A, lawyers are still nowhere near bankers in terms of fees as percentage of the deal. Here’s the good news: the gap is closing. There’s always been reluctance on the part of clients to allow lawyers value billing on M&A, but that […]

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