The BREXIT transition period ended on 31 December 2020 and has significantly changed the UK insolvency landscape in terms of the effect this has on cross border insolvencies. The UK is now deemed to be a “third country” and therefore no longer benefits from the automatic recognition of insolvency proceedings between Member States.
At first sight, the recent decision of the UK Supreme Court in R (on the application of KBR Inc) v Director of the Serious Fraud Office appears to provide a good deal of comfort to companies which are based outside the UK. However, a closer reading of the judgment suggests the position is not quite as straightforward as it might otherwise seem.
Given the ongoing impact of the Covid-19 pandemic, it is timely for us to look closely at material adverse change clauses in the context of a business acquisition.
It is sometimes easy to forget with all that has happened over the last 12 months that there was a world before pandemics, face masks, and vaccines, and equally that there will be a world after it. However, a look back over some of the regulatory enforcement action taken by the JFSC and GFSC during this time has revealed some interesting trends.
A Bill recently passed in the Senate will introduce important changes to the Employment Act 2000 (“the Act”), Bermuda’s key piece of employment legislation, with effect from June 1.
This guide provides the latest information on sources of insurance and reinsurance law, insurance and reinsurance regulatory bodies and legislative guidance, overseas-based insurers or reinsurers, M&A activity relating to insurance companies, alternative risk transfer (ART) transactions and insurtech developments.
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The demographics of the legal market are in flux with Covid 19 creating the conditions for a generational shift in working patterns.
With the arrival of the Akin Gump team, A&O’s US bench has doubled at a stroke.
Calls for reform of the CMA will be music to the ears of claimant litigators.
If Latham’s growth rate continues unabated, its future home could end up offering proportionately less space per staff member.
DMH Stallard has reached critical mass size – but it now has more work to do to secure its future.
Fans of celebrity showdowns will be denied their thrills this year following the Duchess of Sussex’s successful application for summary judgment against Associated Newspapers, but the Daily Mail’s favourite law firm still has a full pipeline for 2021. Over the last few years RPC partner Keith Mathieson has also fastened his grip on defence work […]
Bevan Brittan has handed out a 3 per cent pay rise to all its employees alongside an additional 3 per cent ‘thank-you bonus’ to be applied to the last six months and paid now. The firm had previously postponed its September 2020 annual pay review due to uncertain economic conditions caused by the Covid-19 pandemic. […]
Ropes & Gray has added a new partner to its funds team, in the same week it also launched a European life sciences group with a recruit from Arnold & Porter. Emily Brown is the latest funds joiner from Schulte Roth & Zabel. She has been at Schulte’s London office for over two years and […]
Linklaters has rolled out a platform to change the way its secretarial function operates in light of new working practices introduced during the pandemic. The magic circle firm has bought a third-party platform, called Service Now, to ensure better work allocation across its secretarial pool. With the prospect of a hybrid model split between remote […]
Covington & Burling’s London revenue increased by 12 per cent last year, as global turnover also saw double-digit growth. This is after the firm’s City growth was static in 2019, decreasing by 0.1 per cent. In 2020, the firm’s revenue in its London offering leapt to $113.6m from $101.2m. In 2015, the firm’s London turnover […]
Reed Smith, Allen & Overy and Freshfields Bruckhaus Deringer have acted on Daily Mail and General Trust’s (DMGT) £70m acquisition of New Scientist. DMGT instructed co-chair of Reed Smith’s global corporate group Delphine Currie on the purchase, alongside senior associate Daryl Cue and client relationship partner Lawrence Radley. The Daily Mail publisher picked up the […]
Simmons & Simmons has introduced a long-term working policy inspired by the changes brought about by the pandemic. The firm will introduce a hybrid working system that allows employees to work up to two to three days per week from home when restrictions are lifted, as agreed with line managers. Over the coming months, country […]
