DLA Piper secures E&Y CIS takeover approval

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

Recommended

Cleary, Shearman, Sullivan score Barclays US panel win

Banking giant Barclays has completed a comprehensive review of its legal advisers in the US. The conclusion of the US review, which was run concurrently with a review of the bank’s UK panel, has resulted in the creation of a list of approved firms. Among them are Cleary Gottlieb Steen & Hamilton, Shearman & Sterling […]

Cap happy

The trend for capping law firms’ liabilities is catching on. Martin Ellis reports on the level of limits required to keep all parties on-side Figures from PricewaterhouseCoopers (PwC) demonstrate an increasing acceptance of liability capping in the legal profession. Financial exposure can be capped above the minimum compulsory level of professional indemnity cover – £2m […]

CC hid Glazer role over fear of Man U fans

In a bid to disguise its role advising Malcolm Glazer on his bid for Manchester United, Clifford Chance used Slaughter and May‘s font on the debt documents, The Lawyer can reveal. Running scared of ‘fundamentalist’ Man Utd fans, Clifford Chance used the unusual tactic when it advised Glazer’s bank JPMorgan on the controversial deal. The bizarre move followed the problems encountered […]

KKR comes up trumps for CC with Kwik-Fit Instruction

Clifford Chance‘s private equity practice has received another endorsement from Kohlberg Kravis Roberts & Co (KKR) after the US buyout house instructed it on another major UK deal. It is understood that Clifford Chance is advising KKR on a potential bid for Kwik-Fit, which is being sold off by CVC Capital Partners. According to reports, […]

Matrix chief exec exits set for Bindmans

Matrix Chambers chief executive Nick Martin is leaving to take up a similar position at niche civil liberties firm Bindman & Partners. Martin has been at Matrix since its foundation in 2000, prior to which he was chief executive at One Garden Court, having come into the bar from a career as a management consultant. […]

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