26 July 1999

Peter Frost on the rules governing share deal contracts

Share options granted to executives can normally only be exercised while the executive remains in employment. They are granted pursuant to the rules of a share option scheme.These rules customarily provide that the options will lapse on termination unless an employee leaves their job for one of a limited number of reasons.The rules normally also […]

What price sanctuary under the Asylum Bill?

With hindsight, sometimes I wish I hadn’t been born.” This is not thecomment of an asylum-seeker or refugee, but the reaction of one immigrationpractitioner to the implications of the proposals in the Immigration andAsylum Bill currently going through Parliament, which the Government hasdescribed as “faster, firmer and fairer”. But immigration law and practice is an […]


Imperial Chemical Industries Plc (ICI)

Last week ICI announced it would axe 600 jobs in the next 18 months,which should seem like a drop in the ocean for a company that boasts 50,000 employees. But the redundancies are a natural development for a company which was lumbered with a debt worth millions when it bought a £4.9bn stake in Unilever’s […]

Lords to discuss evidence

The extent to which information obtained from unauthorised interception ofcommunications made by means of a public telecommunications system can beused as evidence in court is to be argued over before the Law Lords. Theyhave granted leave for an appeal in the case of Stephen Morgans, convictedof unauthorised access to a computer system. The High Court […]


Trowers & Hamlins has acted for Hyde Housing Association and its subsidiary, Hyde Southbank Homes, which was set up to take the transfer of 2,300 homes in Stockwell from Lambeth Council. Hyde Southbank Homes raised up to £38m in a stock transfer to finance the project. Trowers & Hamlins also advised Hyde and Hyde Southbank […]

CC calls off Mallesons talks

CliffordChance is off, according to a senior lawyer at the City firm.Stuart Popham, global head of finance at Clifford Chance, tells The Lawyerthe talks have ended because the firms could not agree on the structure ofthe merged practice.He says: “We had discussions with Mallesons, as we do with firms, and wehave concluded these negotiations because […]

Firms should take time and resist merger mania

Mallesons Stephen Jaques is not a small firm – with almost 200 partners itis the biggest firm in Australia, indeed in the region. But it is not inthe same league as Clifford Chance, let alone the Clifford Chance-Rogers &Wells-Punders giant set to stride across the legal landscape.A merger would have served both parties. As our […]

Legal Widow

There comes a time, the Lawyer tells me, somewhere near the middle of adisastrous pitch, when the clients’ eyes are glazing over and the financeguy starts making houses out of the business cards his team has handedacross, when he swears he can hear the sound of a biplane motor cutting outand the high-pitched phut phut […]

Scuffle of the Week

Lord Irvine is at loggerheads with a group of right-of-centre familyvalues campaigners, who are attacking Lord Irvine’s plans to introducelegally binding prenuptial agreements on the grounds they are incompatiblewith a couple’s vows to stay together “till death us do part”. However theLord Chancellor’s Department has hit back at its critics, the Family PolicyStudies Centre, claiming […]

Quote of the week

“He must be unbelievably thick”- Crime victim Matt Holden on possibly the most inept criminal in history.Lee Hosken admitted car theft at Bristol Crown Court last week after hebroke into Holden’s car, took pictures with the owner’s camera of himselfholding the screwdriver he used to gain entry and his girlfriend in thecar, drove off and […]

Burges Salmon top partner dies

Bristol firm Burges Salmon’s head of employment George Dyson has died atthe age of 53.His death last week follows a fight of several months against skin cancer.Burges Salmon partner Christopher Seaton, who managed the employment teamduring Dyson’s illness, now formally takes on the role of head ofemployment.Dyson was regarded as the top employment lawyer in […]


Allen & Overy represented the State of Israel on the public offering of a 5 per cent stake in Bank Hapoalim on the London Stock Exchange. The offering was managed by Goldman Sachs International

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