US elite line up for Citi stock deal

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Update on Bermuda private trust companies

Many offshore jurisdictions saw notable reforms in 2018. This article considers how recent changes to the regulation of financial services in Bermuda have affected private trust companies. These legislative amendments were made primarily to ensure that Bermuda’s legal framework remains up to date with international standards, which are aimed at maintaining the international financial system’s […]

The basics: How to wind up a corporate debtor

A company has outstanding debts and it seems they are struggling financially. What can you do to try and get your debts settled? Is applying to have the company wound up the answer? Here, we take a look at what you will need to consider before a decision is made and we take a look […]

Blowing hot and cold on the jurisdiction of an adjudicator

In the recent case of SKYMIST HOLDINGS LIMITED v GRANDLANE DEVELOPMENTS LIMITED [2018], the Technology and Construction Court (TCC), considered the principle of “approbation and reprobation” in “satellite litigation” over the jurisdiction of adjudicators. But is challenging the jurisdiction of an adjudicator worth the cost involved? We review the key points in the Skymist decision, and the TCC‘s […]

Is legislation pending on bankruptcy, pension plans and lenders?

Public consultations on enhancing retirement security led by the Ministry of Innovation, Science and Economic Development Canada closed in late 2018. Given the importance and complexity of the subject matter, the one-month consultation period offered by the government was curiously short. Given that 2019 is an election year, the quick completion of the process could […]

Apples to Oranges: how investigations differ from a litigation approach when implementing eDiscovery solutions

Competition matters, and investigations more generally, differ greatly in execution from the approach to eDiscovery taken in litigation.  Understanding the potential issues is paramount in developing an eDiscovery model that tackles the regulatory pressures faced by legal teams and their corporate clients. In the first article in this series we compare the different approaches and examine […]

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Clifford Chance rents out space to US rival Kilpatrick

Clifford Chance has sub-let space in its New York office to US firm Kilpatrick Stockton. Clifford Chance has sub-let space in its New York office to US firm Kilpatrick Stockton. The move follows moves by the UK-headquartered firm to significantly downsized its US capabilities. Last October Clifford Chance shed 20 litigation associates followed by a […]

Sonnenschein shuts Charlotte as work dries up

Sonnenschein Nath & Rosenthal has closed its 11-lawyer Charlotte office due to the declining demand for legal services The US firm’s chairman Elliott Portnoy emailed the firm last Friday (27 February) to announce the move after partners voted on the closure. Some Charlotte-based lawyers will be relocated to busier parts of the network. The remaining […]

5

Latham to cut 440 jobs as workloads plummet

US firm Latham & Watkins is to lay off a total of 440 employees across its global network. Earlier this morning managing partner Bob Dell emailed the entire firm announcing a plan to shed 12 per cent of its associate ranks, the equivalent of 190 people, and 10 per cent of all paralegals and staff. […]

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