Latest Briefings

Reducing conduct risk in LIBOR transition

As we progress through Q2 of 2021, the 6 month countdown for firms to have completed their LIBOR transition programmes in accordance with timetable set out by the Working Group on Sterling Risk Free Reference Rates has commenced. As part of that, some firms are still grappling with many of the technical aspects of the transition to Risk Free Rates (RFRs) with, for instance, clarity still awaited on how the FCA will exercise its powers under the Financial Services Bill. That uncertainty may also have led some to delay the implementation of their communications strategy with their customers.

Safety through bankruptcy?

Claims by segregation creditors are limited overall to the value of the respective security at the time of the confirmation of a restructuring plan. In its current decision 17 Ob 12 / 20v, the Supreme Court thus deviated from its previous case law.

Legal experts comment on the Queen’s Speech

Today the Queen’s Speech set out the government’s agenda for the next session and its plans to build back better from the pandemic and level-up opportunities across the country. The speech contained reference to more than 30 Bills. Some of the most prominent are commented on here.

Recommended

Freshfields
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Freshfields to pay £1bn to retired partners over next 50 years

The amount that Freshfields Bruckhaus Deringer expects to pay to fund current partners’ pensions fell in the 2013/14 financial year, despite the firm’s total future commitment to retired partners continuing to hover around the £1bn mark. The magic circle firm operates a retirement scheme that historically paid retired equity partners a share of profits every […]

Money

DLA Piper International revenue and headcount fell in 2013/14, accounts show

DLA Piper International – the firm’s operations outside the US – saw a 2 per cent drop in revenue in 2013/14, the firm’s LLP accounts have shown. Turnover for the firm’s International LLP, which includes its offices in Asia, Europe, the Middle East and the UK, dropped by almost £13m from £800.4m in 2012/13 to […]

New York

McDermott revenue up by 2.2 per as firm nears $900m mark

McDermott Will & Emery increased its global revenue to $899.8m last year, a 2.2 per cent growth on its 2013 figure of $880.8m. During the course of the year, the firm’s total number of lawyers worldwide fell from 1,021 down to 997. Meanwhile, it topped up its total number of equity partners from 192 to […]

Amsterdam

Bakers hires seven-strong Linklaters and Houthoff Buruma corporate team in Amsterdam

Baker & McKenzie has hired a seven-strong team from Houthoff Buruma and Linklaters to boost its M&A, capital markets and private equity offering in Amsterdam.   The firm has appointed Linklaters M&A partner Henk Arnold Sijnja and Houthoff Buruma private equity and M&A partners Casper Banz and Mohammed Almarini, along with four associates from Houthoff. Sijnja […]

football

Squire Patton Boggs advises on Sheffield Wednesday sale to Thai seafood businessman

Squire Patton Boggs has advised on the deal to sell Sheffield Wednesday Football Club to Thai businessman Dejphon Chansiri, representing owner Milan Mandaric. Squire Patton Boggs corporate partner David Hull led the firm’s advice to Mandaric, maintaining a long relationship with the businessman originally started at legacy Hammonds. DLA Piper partners Jon Kenworthy and Rob […]

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