The Commercial Court has granted the Federal Republic of Nigeria (FRN) a huge extension of time in its dispute with Process and Industrial Developments Limited (P&ID) over the enforcement of a US$6.6 billion arbitration award (now worth US$10 billion with interest).
Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.
On 28 July 2020 Foxton J handed down judgment in this important case concerning the effect of “subjects” in commercial negotiations, which contains a number of significant points of interest to those negotiating contracts, particularly in the charter market.
Can measures taken to fight climate change be challenged under investment treaties? The question is of some importance.
The Supreme Court has handed down judgment in the landmark case of Marex Financial Ltd v Sevilleja  UKSC 31. The decision significantly narrows the scope of the principle that “reflective loss” cannot be recovered.
The screening of foreign direct investments (FDIs) has been a hot topic for some time now across CEE (as also covered here). Several jurisdictions have adopted stricter measures of scrutiny allowing for the vetting of transactions potentially posing security risks. In line with this trend, the Romanian Competition Council has put forward new draft legislation aimed at tightening the existing FDI screening rules. This draft is subject to public debate until 6 October.
The Government has extended its moratorium, preventing the eviction of commercial tenants for non-payment of rent, until the end of 2020.
Collyer Bristow LLP were instructed by Trattamento Rifuiti Metropoliani SpA (“TRM”) in proceedings issued by BNP Paribas SA (“BNPP” or the “bank”).
By Shaun Zulafqar As the world begins to move out of lockdown measures in response to COVID-19, companies and their boards will begin to reassess their business continuity plans not only to further strengthen them in the event of another incident or a second wave but also to identify lessons learned and develop narrative reporting […]
An increasing number of businesses are choosing to return to the physical office, whether that be once or twice a week, or full time. Either way, it is vital that employers ensure that the work environment meets the strict health and safety standards necessary in order to avoid outbreaks of COVID-19 amongst staff members. This […]
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The Lawyer Awards is going virtual for 2020! The ceremony, in association with Travelers, will take place online on the afternoon of 3 November. Visit the awards website to register. Who is in the running for the coveted awards in 2020? The full shortlist is below… Barrister of the year Allison Clare, Red Lion Chambers […]
Two senior lawyers have resigned from DWF’s advocacy division, The Lawyer can reveal; a group set up in 2017 to provide clients with an alternative to the external Bar. Jonathan Robinshaw and Sahar Farooqi are both set to leave the firm, having held the titles of head of advocacy and director of advocacy respectively. Robinshaw has […]
DWF’s Brussels team is set to join Crowell & Moring, after the former closed its Belgian outpost as part of a wider restructuring exercise. Head of DWF’s WTO & international trade practice Vassilis Akritidis will join Crowell on 1 October with associate Lorenzo Di Masi. It is understood that at least one other associate is […]
Osborne Clarke has pledged to reimburse reduced salaries if the firm hits its year-end targets, after introducing the measures to combat the financial pressures of the pandemic. The firm implemented several cash conserving measures in May to help it manage the impact of the lockdown, including a seven per cent pay cut for staff earning […]
After announcing growth in both turnover and average profit per equity partner (PEP) for 2019/20, Russell-Cooke has confirmed it is repaying staff who took pay cuts over lockdown. Reduced salaries in line with fewer working hours was just one of the Covid-19-related measures introduced by Russell-Cooke in spring, as the firm also deferred partner profit […]
Outer Temple has voted in a new head of chambers, following the retirement of Christopher Gibson QC earlier this year. Gibson will be replaced by Sarah Crowther QC – who is the set’s first female head of chambers. She has also been appointed as Outer Temple’s head of health. Crowther was called to the Bar […]