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Latest Briefings

Legal Operations Benchmarking Report 2019

The inaugural BusyLamp Legal Operations Benchmarking report documents the findings of a survey of legal departments from around the world and of varying profiles. The report looks at similarities and differences across industries, legal expenditures, legal department sizes, and geographies, and explores how certain trends are impacting other factors. The survey of 21 multiple choice […]

India: Supreme Court upholds NCLAT insolvency judgement ruling

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

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Law Soc plans to cut OSS funds

The Law Society has announced plans to slash by a third the £9m budget of the beleaguered OSS in 2001. As it announced the plans it also pledged to tackle guilty firms and improve the procedure for complaints resolution. A managing partner of a top five firm says: “There’s a general acknowledgement that the OSS […]

Bond Pearce pre-litigation unit targets insurers

SOUTH OF England firm Bond Pearce has set up a dedicated pre-litigation unit for its top-end insurance clients. The unit will be headed by partners Bettina Rigg and Neil Trayhurn. Trayhurn says: “We bel-ieve that our pre-litigation unit is the first of its kind in the UK.” Senior claims specialist Daren Pemberton says: “We foresaw […]

Call for pay-per-view ombudsman

An ombudsman should regulate pay-per-view television, says the solicitor planning legal action in the wake of the heavyweight boxing title fight fiasco. Stephen Alexander, a partner at six-month-old London firm Class Law, is representing television viewers and ringside fans infuriated by the drawn fight between Lennox Lewis and Evander Holyfield. Commentators have accused promoters of […]

Scottish Legal Aid Board suspends senior

A SENIOR member of the Scottish Legal Aid Board (SLAB) has been suspended. The person, who has not been identified, was suspended on full pay pending the outcome of an investigation into the SLAB’s accounts assessment procedures. SLAB chairman Jean Couper says: “This issue is of utmost concern to the board and we have immediately […]

Clifford Chance poaches Italian rival's top partner

Clifford Chance is setting up a dedicated team to advise Italian banking and financial institutions after signing a partner from top Italian firm Chiomenti Studio Legale. Alberto Del Din, senior partner in the securitisat ion and structured finance department at the Italian firm, is expected to start on 1 May. Nick Wrigley, managing partner at […]

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