Latest Briefings

Cartels and the construction sector: Levelling up and screwing down

In recent years, the UK’s construction sector has not had a happy track record with respect to competition law enforcement, where the Competition and Markets Authority has fined construction companies a total of £67 million across five cases. Of particular significance is the increased focus on individual responsibility, as these cases also led to the disqualification of 11 directors and two criminal convictions.

Snapshot: Enforcement of foreign arbitral awards in the Cayman Islands

Foreign arbitral awards may be enforced relatively quickly and easily in the Cayman Islands and the Cayman Islands courts are willing to assist with the recovery of judgment debts. This Snapshot provides an overview of the recognition process and the steps that are then available for enforcement.

Jersey Royal Court concludes there is no substratum rule that applies to Jersey trusts

The Royal Court has recently clarified the Jersey law position of whether a trust is able to lose its substratum. Following analysis of the recent decision of the Bermuda Court of Appeal in Grand View Private Trust Company Limited v Wong & Ors, the Royal Court concluded that there was no substratum rule which applied to Jersey trusts and that powers of addition or exclusion contained within Jersey trusts should be given their natural meaning.

Working with AI

On 23 September 2021 Shoosmiths hosted its latest IHL webinar on working with AI: the key types, implementing AI and what the future might bring. Ian Blackwell represented Next Retail Ltd on the panel, alongside Simon McArdle and Sebastian Price, Commercial Partners at Shoosmiths.

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Wild frontiers: Sarah Clinch, Aureos Advisors

As legal counsel at private equity house Aureos Advisors, Sarah Clinch often has to work in countries with little, if any, legislation for financial deals. Looking for a lawyer in Brunei? Step forward Sarah Clinch, legal ;counsel at private equity house Aureos Advisors. “Joining Aureos has certainly improved my geography,” says Clinch, whose company operates […]

City firms win roles on Government’s bank bailout

A raft of top City lawyers have been called on to advise on the Government’s £50bn bank rescue scheme. Some of the biggest names in the magic circle have been handed roles by established clients for what is, in effect, a partial nationalisation of the UK’s banks. Linklaters is advising two key clients, with banking […]

Wall St woes: Watching Wachovia

It was literally a last-minute intervention. At 11.59am yesterday (8 October), the Federal Reserve extended its standstill on Citigroup’s lawsuit over Wells Fargo’s bid for US bank Wachovia. Wachovia’s lawyers at Boies Schiller & Flexner, Citigroup’s litigators at Gregory Joseph Law Offices and Wells Fargo’s lawyers at Wachtell Lipton Rosen & Katz were all ready […]

Sullivan, Davis Polk win roles on $37.8bn AIG deal

Sullivan & Cromwell and Davis Polk & Wardwell have secured roles on US insurance giant AIG’s additional $37.8bn funding. Sullivan & Cromwell chairman Rodgin Cohen is leading a team advising AIG, while Davis Polk & Wardwell partners Bradley Smith and Marshall Huebner are advising the US Treasury and the New York Federal Bank. The move […]

Orrick snaps up 27-partner Heller team

Orrick Herrington & Sutcliffe has become the latest firm to snap up a group of lawyers from collapsed firm Heller Ehrman. The group includes former chairman Barry Levin (pictured) as well as Robert Rosenfeld, Heller chairman from 1993-99, and Larry Popofsky, co-chair of the firm from 1988-93. Levin was most recently the managing shareholder of […]

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