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Latest Briefings

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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Sonnenschein names youngest ever chairman

Chicago-based firm Sonnenschein Nath & Rosenthal has elected Elliott Portnoy as the firm’s next chairman, succeeding incumbent Duane Quaini in 2007 when his term expires. Washington DC-based Portnoy, 40, will become the youngest and first partner outside the firm’s Chicago headquarters to serve as chairman. Quaini, 61, has been chairman since 1997. Portnoy is a […]

Forsters records best year ever with £487K PEP

Property-based Mayfair firm Forsters has confirmed its best year ever with an average profit per equity partner of £487,000, a rise of 29 per cent. The 27-partner firm may have also secured itself a first-time spot in the top 100 firms by revenue with a 25 per cent increase in gross fees to £19.9m. Managing […]

Freshfields and Herbert Smith win Hong Kong roles on ICBC flotation

Freshfields Bruckhaus Deringer and Herbert Smith have scooped the Hong Kong roles on the estimated $12bn (£6.51bn) Industrial & Commercial Bank of China’s (ICBC) flotation. The ICBC is expected to list on the Hong Kong Stock Exchange later this year, although no date has been set. The listing had been tipped for September, but is […]

White & Case factions square off

The battle lines have been drawn within the London office of White & Case over the latest potential shake-up of the office’s management. The local partnership is understood to have divided into two camps – members of the newly combined banking and capital markets practice group, who are largely supportive of a radical shake-up, and […]

Freshfields to ditch all-equity partnership

Freshfields Bruckhaus Deringer’s partners have voted in favour of introducing salaried partners across all of the magic circle firm’s offices. The voting concluded earlier today (28 June) with the majority of Freshfields partners voting in favour of radical plans to abolish the firm’s cherished all-equity partnership. Freshfields’ partnership council approved the plans to create fixed-share […]

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