In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited  EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.
In a landmark decision handed down on 15 July 2020, the Supreme Court significantly narrowed the scope of the so-called rule against the recovery of reflective loss.
The Privy Council has considered the basic principles on which damages are awarded for breach of contract and distilled five points of general application in Global Water Associated Limited v Attorney General of the British Virgin Islands  UKPC 18.
Commercial Court upholds order enforcing arbitration award against public policy challenge under s 103(3) Arbitration Act 1996: Alexander Brothers Ltd v Alstom Transport SA and Anr  EWHC 1584 (Comm). The Defendants applied to set aside an order enforcing a Swiss-seated ICC arbitration award in favour of the Claimant on the public policy ground. The […]
Sainsbury’s Supermarkets Limited v Visa; Sainsbury’s Supermarkets Limited v MasterCard  UK SC 24 (on appeal from the Court of Appeal  EWCA Civ 1536)
The biggest shake up of the planning system since 1947 continues apace with the announcement, on 2 August, of government plans to create an automatic green light for development within specifically designated areas of the country.
In this update, we explain the application process to establish an investment firm in Ireland under MiFID.
Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.
The Chief Constable of West Midlands Police has successfully challenged a misconduct hearing panel’s decision to impose a Final Written Warning, after an officer made racist remarks about a fellow officer.
34 years young but in reality, only now is legal marketing growing up.
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The Bar Standards Board (BSB) has updated its statement to students in relation to the difficulties some faced when taking an online exam this week. Some students attempting to take the ethics exam for the Bar Professional Training Course (BPTC) were dismayed with glitches in the system, while others revealed on social media that they […]
A total of 27 staff from BT Legal, which was acquired by DWF last year, have been made redundant. The group left in June seven months after moving from the company’s claims and corporate property team to the law firm. The reason, stated in a Communications Union release, boils down to the fact that the […]
For the first time, The Lawyer has put together a comprehensive list of global disputes being heard in 2021, with six of the top 20 held in London. The list of cases, which features as part of the Global Litigation 50 report, covers all manner of disputes whether it is a commercial tussle in London’s […]
Parties from the United States and Switzerland are competing over a six-figure sum sitting in Stephenson Harwood’s bank account, with the firm taking up a bit-part role in an ongoing High Court clash. A total of $570,000 is at the heart of the scrap between the estate of late US lawyer, Irving Kagan, and Swiss […]
Charles Russell Speechlys new managing partner Simon Ridpath has put forward a series of objectives for his tenure, as the firm revealed a dip in profits and rise in revenue for 2019/20. In the financials, net profit and profit per equity partner (PEP) dipped by 3 and 5 per cent respectively, from £29.6m to £28.7m […]
Goodwin has orchestrated a rota system to slowly bring back lawyers to its London office. The UK arm of the US firm has kept its London outpost open for about two weeks for a limited number of employees and on a voluntary basis. It followed a thorough risk assessment that gave the greenlight for the […]