Latest Briefings

COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

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Terra Firma lands senior Nomura lawyer

Terra Firma Capital Partners, the new fund run by Nomura’s ex-head of principal finance Guy Hands, has poached a senior lawyer from the bank to take up the newly-created position of global general counsel Tim Pryce was the section head of transactions and legal for the principal finance group at Nomura before joining Hands’ team.Hands […]

ABP counsel scoop almost £3m in fees

Counsel acting for Associated British Ports (ABP) in a public inquiry have negotiated vast fees totalling almost £3m The fees for the lead counsel alone – Birmingham set 5 Fountain Court’s highly-rated Martin Kingston QC – totalled around £1.5m.Negotiators took an almost unprecedented 18 months to finalise the fees. Kingston’s juniors – Andrew Newcombe of […]

Royal Caribbean-P&O-Carnival love triangle: the inside story

Slaughter and May client forced to apologise for leaks; Herbert Smith learns to work the system; FTC to rule on US fight This year Valentines Day set up a titanic three-way battle between Royal Caribbean, P&O Princess and Carnival. P&O shareholders voted with their wallets to consider Carnival&#39s hostile bid for P&O, leaving the three […]

Director action

John Madden and Lisa Toporek take a look at new directions for corporate governance in the US The recent corporate scandals at companies such as Enron and WorldCom have given rise not only to the perception that the ‘gatekeepers’, on whom investors rely to assure market integrity, have failed, but also to widespread expectations that […]

Virgin reviews panel after twelve months

In an extraordinarily proactive move, Virgin Group is reviewing its legal panel after just over a year While Virgin is not officially putting panel places out to tender until next year, the review could amount to “additions or dropoffs” of member firms. Virgin set up its 11-firm panel last May. Before then, it had a […]

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