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.

Recommended

Linklaters Three join Lisbon’s Rui Pena

A team of Portuguese associates that was asked to leave Linklaters after their plan to quit the firm was found on a laptop has resurfaced at Portuguese independent firm Rui Pena Arnaut & Associados. Banking lawyer Antonio Payan Martins, tax lawyer Patrick Dewerbe and Francisco Almeida in capital markets join dispute resolution specialist and fellow […]

Intelsat brings in Tyco general counsel

Bermuda-based fixed satellite provider Intelsat has snared Tyco International general counsel for Latin America Armando Tirado to take up the role of general counsel for Europe and the Middle East. Tirado is temporarily working out of Intelsat’s Washington DC office, but is expected to move to his permanent base in London before the end of […]

A&O scores £4.2bn Southern Water victory

An Allen & Overy (A&O)-advised consortium has emerged victorious in the £4.2bn auction for Southern Water. Veteran corporate partner Alan Paul led the team for A&O after financial advisers Maquarie recommended the firm. Paul steered Macquarie to victory in the £8bn auction for Thames Water last October. Corporate finance partner Susan Howard co-led the team […]

Kirkland makes up London quartet

Kirkland & Ellis has made up four partners in London as part of a round that saw 62 promotions worldwide. Kon Asimacopoulos has been promoted in the London restructuring practice, while the banking and finance practice has seen the promotion of Phillip Crump. Anu Balasubramanian and James MacArthur have been made up in the corporate […]

Sallie Mae takes JC Flowers to court

The phoney war between Sallie Mae and JC Flowers came to an end last Monday (8 October) when the student lender filed a lawsuit in Delaware Chancery Court against the private equity house and its buyer group. As reported last Monday (1 October), Flowers’ $25bn buyout of SLM, known to everybody as Sallie Mae, looked […]

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