Mr Justice Bryan in the Commercial Court has today handed down a wide-ranging judgment in AssetCo plc v Grant Thornton UK LLP  EWHC 150 (Comm). Following a 12 day hearing in June and July 2018, the judgment runs to some 1274 paragraphs. The claim arose out of the admitted negligence of Grant Thornton in […]
The Court of Appeal has today unanimously dismissed an appeal by Manchester Building Society against a judgment of Teare J holding that the Society’s former auditor, Grant Thornton, was not liable for mark-to-market losses incurred by the Society in relation to various long-term swaps. The proceedings arose out of hedge accounting advice provided to the […]
The Court of Appeal has today unanimously dismissed an appeal by two participants in a North Sea oil joint venture, Centrica and TAQA, against a judgment of Robin Knowles J holding them liable to pay their share of pension scheme deficits incurred by the operator in relation to the joint operations. The proceedings arise out […]
In PJSC Commercial Bank Privatbank v Kolomoisky & others  EWHC 3308 (Ch), a decision handed down on 4 December 2018, Fancourt J discharged worldwide freezing orders up to US$2.6 billion obtained against the Defendants, declined jurisdiction over foreign Defendants, and stayed the proceedings against English Defendants. The judgment is as an important reminder of the duty […]
By Craig Orr Zurich Insurance v Hayward has drawn attention to the scope for parties to re-open settlements when new evidence disproving the other side’s case later emerges. Craig Orr QC considers this and other issues concerning the construction and enforceability of settlement agreements, by reference to modern English and Commonwealth authority.
Carey Olsen partner Christopher Anderson recently introduced the concept of a hybrid vehicle for use in the insurance-linked securities (ILS) industry. Here, he explains how and why he came up with the idea of the world’s first ILS hybrid. As is often said, the best ideas are always the simplest. That is reassuringly accurate for […]
Tony O’Reilly explained the importance of ‘agile app development’ when using no-code automation platforms like Neota. It’s not a new term, it’s been around for the many years but in this context, Tony explained, agile app development is about having something that gives you the ability to develop applications quickly in terms of having an […]
By David Manda, Ruth Ormrod In the recent case of Boyd v Ineos Upstream, a hotly anticipated appeal involving fracking protestors, the Court of Appeal has provided guidance on the highly topical subject of bringing injunctions against ‘persons unknown’. Walker Morris’ specialist Real Estate Litigators David Manda and Ruth Ormrod explain and offer some practical advice.
By David Smedley, Andrew Rayment, Shakeel Dad The last few months have seen many announcements in relation to changes expected in the employment law arena. With new information being received almost weekly, our legislation update sets out the changes in chronological order and highlights the headline points together with the proposed or confirmed implementation dates.
Nosworthy v Instinctif Partners Ltd UKEAT/0100/18 – ‘Bad leaver’ provision requiring forfeiture of shares and loan notes was not unlawful In this case, the Employment Appeal Tribunal (EAT) held that a bad leaver provision forcing an employee to give up her shareholding if she resigned was not an ‘unconscionable bargain’. Nor was it void as […]
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Average revenue per lawyer (RPL) at the 50-largest US firms in the UK has broken through the $1m mark for the first time, The Lawyer can reveal, with average RPL rising by 8 per cent from $953,000 to a new record of $1.03m. The entry into The Lawyer’s US Top 50 2019 report this year of […]
As we approach the long weekend, here are the big themes from the last five days: 1. Restructuring lawyers are busy – and not just in the magic circle The struggling high street been a theme of the week, with Jamie Oliver’s restaurant business now in administration, and Freshfields and DLA Piper securing the mandate […]
Ahead of The Lawyer Awards 2019, in association with Travelers, we’re looking back on some of the most complex or legally significant cases of the last 12 months, as eight teams vie for the top prize in this year’s litigation category. In a case that has been rumbling on since 2012, a joint team of […]
Freshfields Bruckhaus Deringer has launched its first digital solutions lab in Berlin, the latest step in building a network of innovation units across its global footprint. The lab, located in the Factory co-working space nested in the Görlitzer Park area, will be led by the firm’s German real estate and litigation counsels Gerrit Beckhaus and […]
The combined turnover of the largest independent European firms has broken through the €10bn barrier for the first time, exclusive data gathered by The Lawyer reveals this week. Collectively, the firms featured in this year’s European 100 report brought in a combined €10.4bn in 2018, up 6.5 per cent from €9.76bn in 2017. It is […]
Freshfields Bruckhaus Deringer and DLA Piper are working together on Arcadia’s company voluntary arrangement (CVA), as Philip Green embarks on a plan to rescue the business. Freshfields’ restructuring partners Neil Golding and Adam Gallagher are leading for Arcadia, as its chair Philip Green plans the closure of 23 UK stores, including Topshop, Dorothy Perkins, Miss […]