Latest Briefings

Terms and limitation clauses: will they be effective when you need them?

In the recent case of Balfour Beatty Regional Construction Ltd (BB) v Van Elle Ltd, the question before the Technology and Construction Court (TCC) was whether the sub-contract superseded any prior contractual relationship between the parties, or whether the sub-contract was subject to Van Elle’s standard terms and conditions.

Ireland – The pandemic has changed the world – or has it?

There is no doubt that as a consequence of the pandemic, the way we work and live has changed. Our attitudes, our priorities – they have all shifted slightly. They say the days of people working in the office are over, commentators speak of people moving west to work remotely, of hotels being repurposed, of the retail experience fundamentally changing. So yes, the world has changed, but the hard truth is that the pandemic cannot change the world retrospectively. Meaning, if you agreed to something in 2018 you cannot necessarily get out of the agreement because in 2020, the rug was pulled out from under all of us.

New private investment funds in Guernsey

In December 2020, the Guernsey Financial Services Commission (Commission) published a consultation paper containing proposals to amend the rules in respect of Private Investment Fund (PIF) (the PIF Rules) to allow more investor categories to take advantage of an appropriately regulated fund structure.

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CMS to renew hunt for US deal after flat first half

CMS is on target for a marginal increase in turnover in 2012/13 despite what UK managing partner Duncan Weston termed a “flat first six months”. Although CMS does not disclose half-year figures, Weston said the CMS network had seen no movement on its combined 2011/12 revenue figure of £691.9m over the first six months of […]

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Structural decline

Structured finance could be heading for the scrapheap at elite firms There is no denying the magic circle has seen a falling off in its retention of structured finance and securitisation partners in the past year. Clifford Chance in particular has seen a string of partner exits, with Rachel Kelly kicking off the mini-trend last […]

Why Cameron has got it wrong on judicial review reform

It seems that David Cameron is a firm believer in the old adage that no government ever lost votes by attacking the legal profession. After LASPO’s cuts to legal aid provision, the coalition is now gunning for judicial reviews (JR). In a speech to the CBI on Monday outlining his proposed reforms, Cameron lamented that […]

Adam Wagner

A war on judicial review?

The Government has unveiled plans to revamp the judicial review system, but Adam Wagner believes it should think carefully before silencing the law The Prime Minister said he is to “get a grip” on people forcing unnecessary delays to Government policy by cracking down on the “massive growth industry” of judicial review. David Cameron told […]

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Ashurst reveals 6 per cent H1 revenue slump

Ashurst has announced a 6 per cent like-for-like drop in revenues for the first half of the 2012/13 financial year, with total half-year billings standing at £145m. The figure is down on £154m for the first six months of 2011/12 and includes income from the legacy Ashurst business, while excluding revenue for the Australian arm […]

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