On 8 June 2020 the Arbitrazh Procedure Code of the Russian Federation was amended by Federal Law No. 171-FZ – known as the “Lugovoy Law”. That entered in to force on 19 June. It granted exclusive jurisdiction over disputes involving a relevant entity to the Russian Commercial Court. Steven Barrett explores its impact on cross-border disputes involving sanctioned entities in this short briefing.
James Morgan QC, who acted for the successful second defendant in Uavend Properties Inc v Adsaax Ltd & Vistra Trust (Singapore) PTE Ltd  EWHC 2073 (Comm), summarises the decision and its ramifications in this short article.
The past year has seen repeated attempts by the courts to solve the conundrum of electronic working and how it interfaces with out-of-court appointments of administrators. So is the Temporary Practice Direction Supporting the Insolvency Practice Direction just a temporary fix for what is a permanent problem? Josh Lewison examines the case law in this briefing.
By Charles Holbech There are a number of classic features common to probate claims where the validity of a will is challenged. A testator typically executes a new will in favour of one or more family members (often to the exclusion of others). The new will represents a significant departure from the terms of previous […]
By Shantanu Majumdar QC Recent weeks have seen a spate of decisions on contempt of court. Most are sentencing cases and thus of little general interest since they turn on their facts. However, three cases do raise issues of general principle which not infrequently arise in the commercial fraud context. In this article, Shantanu Majumdar […]
Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.
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.
Though clearly overtaken by COVID-19 and the state of the economy as the most pressing issues for the United Kingdom (UK) government, Brexit is making its way back into the headlines.
The Netherlands is gearing up for its new UBO register in accordance with international AML / CTF best practices and will require certain entities to comply from 27 September 2020.
On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.
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Keating Chambers has put forward £20,000 to help fund a criminal bar pupillage, in a bid to offset the financial impact of the pandemic on the criminal bar. The one-off fund will support one pupillage for an aspiring criminal barrister. Construction set Keating has pledged the money for a set that has had to withdraw […]
The legal world is mourning the loss of one of its real estate stalwarts, Geoffrey Lander, who passed away on Saturday 12 September. The former Nabarro head of real estate and a prominent figure within the wider property community passed away while undergoing chemotherapy aged 69. Tributes recall Lander’s immense charisma and charm, as well […]
Back to normal at Norton Rose Fulbright? Back in April, the majority of staff at Norton Rose Fulbright switched to a four-day working week for what seemed like a rather apocalyptic length of time: 12 months. Turns out NRF was just preparing its employees for the worst, as this week it decided to end the […]
South-West firm Thrings has kicked off a redundancy consultation for around 20 roles and deferred the rent payment of two of its offices, part of an extensive set of measures implemented by the firm. The Bristol-headquartered outfit has taken the decision as it faces a fall across its financial metrics. Revenue in 2019/20 dropped 8 […]
Bird & Bird has seen its average profit per equity partner (PEP) drop in the financial year 2019/20. The UK firm’s PEP went down by 3 per cent from from £575,000 to £555,000, a metric that the firm had not previously reported as part of its financial results for 2019/20. It marked a fall for the […]
PwC Legal is looking to expand its lawyer headcount in regional offices as part of a project for the new financial year. The legal arm of the accountancy firm is eyeing growth for its professionals especially in its bases in Manchester and Birmingham, but expansion will equally be pursued in Leeds and Belfast. The project, […]