Simmons wins High Court battle in client letter claim
The High Court has thrown out claims against Simmons & Simmons by a US company that claimed the firm purported to act on its behalf without the necessary authority.
Simmons posts 12 per cent jump in half-year revenue
Turnover at Simmons & Simmons has increased by 12 per cent in the firm’s half year results for 2017/18.
The firm posted a revenue figure of £167.3m, up from the previous year’s first half figure of £149.4m.
Reed Smith Asia managing partner to step down
Reed Smith has appointed a new Asia managing partner to succeed Roger Parker, who is stepping down after 18 months.
Hong Kong-based global corporate practice co-chair Denise Jong has been appointed as the firm’s new Asia managing partner.
Santander Asset Management names new legal boss
Santander Asset Management head of legal Jagjit Singh Nazran has left the company after six years in the role, The Lawyer can reveal.
Austria – New mandatory register for companies
Polish tax evasion rules – Impact on escrow agreements
To counteract tax evasion, Polish authorities have recently introduced legislation and digital systems allowing tax authorities to analyse banking systems, search for potential fraud, and block suspicious bank accounts. Effective 30 April 2018, the new rules may have an adverse effect on escrow accounts, M&A closings, and real estate transactions in Poland. This client alert […]
Warsaw: Management liability in M&A transactions
By Niall Crowley Increased volatility on financial markets is putting pressure on company management teams when setting valuations in M&A transactions, according to experts gathered at a seminar held by international law firm Wolf Theiss…
New EU regulation: The end of geo-blocking when shopping online
A new EU Regulation, which will take effect on 3 December 2018, provides for borderless online shopping. Traders are obliged to treat online customers equally, regardless of which EU-member state they come from. Geo-blocking will be abolished in many cases. However, digital content protected under copyright law and some other services are not yet affected […]
Bulgaria: Commission recommends amendments to the energy act
On 8 February 2018, the Bulgarian Competition Protection Commission (“CPC”) issued a Decision in a Competition Advocacy proceeding initiated in 2017 for the assessment of conformity with Competition law of the legal framework applicable to heat energy supply legislation. The Competition Advocacy proceeding analyzed the respective sections of the Energy Act (“EA”), the Heat Energy […]
Romania and GDPR: Key proposed measures
On March 14 2018, the Romanian law for implementing measures on EU regulation no.2016/679 on the protection of individual rights regarding the processing of personal data directive GDPR was submitted. The legislative proposal can be reviewed here…
Simmons wins High Court battle in client letter claim
The High Court has thrown out claims against Simmons & Simmons by a US company that claimed the firm purported to act on its behalf without the necessary authority.
Simmons posts 12 per cent jump in half-year revenue
Turnover at Simmons & Simmons has increased by 12 per cent in the firm’s half year results for 2017/18.
The firm posted a revenue figure of £167.3m, up from the previous year’s first half figure of £149.4m.
Reed Smith Asia managing partner to step down
Reed Smith has appointed a new Asia managing partner to succeed Roger Parker, who is stepping down after 18 months.
Hong Kong-based global corporate practice co-chair Denise Jong has been appointed as the firm’s new Asia managing partner.
Santander Asset Management names new legal boss
Santander Asset Management head of legal Jagjit Singh Nazran has left the company after six years in the role, The Lawyer can reveal.
In-house lawyers: Are scorecards the answer for law firm collaboration?
In-house lawyers have put collaboration, communication and clarification with partner firms at the top of their to-do list.
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DWF reels in former Lucozade GC ahead of next year’s IPO
DWF has made its most high-profile hire since the news of the firm’s intended IPO broke earlier this year, bringing in a new general counsel to lead its transition into a public company. Lucozade Ribena Suntory (LRS) business development head Mollie Stoker will join DWF as its new group general counsel in January, after spending four years […]
Clifford Chance lures in venture capitalists and academics for new tech venture
Clifford Chance has launched a new innovation lab in Singapore to explore legal technology solutions with the input of startups, companies and academics. As part of the firm’s innovation and best delivery hub for Asia Pacific, the project called Create +65 aims to develop and test new technology by gathering players at various ends of the […]
US promotions: Jones Day stays focused on US, as Cadwalader prioritises London
Jones Day has made up 46 new partners globally in its latest promotions round, while London accounts for the majority of Cadwalader Wickersham & Taft’s new joiners. The majority of Jones Day’s new partners – 34 out of 46 – were made up in the US, with a smattering of partners making the grade in the […]
Fried Frank and Dechert strike decisive blow in Sberbank case
Fried Frank Harris Shriver & Jacobson and Dechert have fought off an appeal from White & Case upholding an earlier High Court decision in favour of Russian lender Sberbank. The appeal made by the International Bank of Azerbaijan (IBA) was unanimously dismissed by Lord Justices Lewison, Henderson and Baker, with White & Case now expected […]
Clifford Chance confirms role in Africa deal with anti-corruption pledge
Clifford Chance has pledged to engage other elite law firms in a bid to counter corruption, after the firm came under pressure for acting on a deal involving the son of Equatorial Guinea’s long-serving president. The firm confirmed it played a role in the sale of a private jet to Teodoro Obiang in 2006, with the magic […]
Centrica names new GC as longstanding chief retires
Centrica’s deputy general counsel Justine Campbell has been named as the company’s new legal head following the retirement of its longstanding chief Grant Dawson. Campbell joined Centrica in 2013 as general counsel of its British Gas business, before rising through the ranks to the role of Centrica’s general counsel for UK and Ireland and then […]