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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money

Vinson & Elkins ups NQ salaries to £100,000

Vinson & Elkins has become the latest American firm to raise its newly-qualified salary to £100,000 – a 25 per cent pay rise. The Texas-founded firm, which takes four trainees a year, has bumped up 1PQE salaries by 22 per cent, to £110,000, while 2PQE salaries rise to £120,000, an increase of 20 per cent. First […]

Olswang forges Asian associations in Hong Kong and Singapore

Olswang has expanded its reach in Asia with two non-exclusive tie-ups, with Singaporean firm Holborn and Hong Kong firm Haldanes. The two associations are led by Olswang’s Singapore office, which was opened in 2011, and overseen by the firm’s Asia managing partner Rob Bratby and Asia head of corporate head Andrew Stott. Olswang’s Singapore association firm […]

general electric ge

BLP advises alongside magic circle trio in GE’s £3.8bn loan sale to consortium

A host of firms have advised on the £3.8bn acquisition of a portfolio of first lien mortgage loans from General Electric’s (GE) UK home lending business. GE Capital was represented by Allen & Overy (A&O), with a team including partner Daniel McKimm. Meanwhile Berwin Leighton Paisner (BLP) advised the investment consortium made up of funds […]

Housing association Midland Heart kicks off £40m panel review

Birmingham-based housing association Midland Heart and the Walsall Housing Group have issued a joint tender for a new legal services panel, which is valued at between £10m and £40m. The collaborative framework will provide advice to 20 local authorities and 116 housing providers across the Midlands. These include Birmingham, Coventry, Stratford-upon-Avon and Warwick local authorities. […]

Mark Dembovsky

Ex-Howard Kennedy boss Dembovsky joins Doughty Street as CEO

Former Howard Kennedy boss Mark Dembovsky has joined Doughty Street Chambers as chief executive, it has emerged. Dembovsky left the firm in late 2013, less than a year after he orchestrated its merger with Finers Stephens Innocent, creating a £39m firm. He joined Doughty Street in late October, replacing former chief executive Robin Jackson who left […]

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