On 14 April 2021, in IGE v HMRC allowed GE’s appeal against the decision of Zacaroli J.
In its judgment in Berkeley Square Holdings & Ors v Lancer Property Asset Management Ltd & Ors, the Court of Appeal has provided important clarification of the scope of three separate exceptions to without prejudice privilege, including one which has never previously been applied in England, and another for which the legal basis has been notoriously unclear.
It is understood this would – if awarded – have been the largest payment of security ever ordered by the English Courts.
Mr Justice Morgan has held that a Romanian and a German, resident in Ibiza, are holding a corporate structure, headed by a UK company, on trust for a bankrupt Israeli billionaire, Mr Eliezer Fishman, for the purpose of concealing his assets.
The judge’s interpretation of each of CPR 17.1(1), CPR 17.2, CPR 17.4(3), CPR 19.4(4) and CPR 19.5(3) all raised novel issues not previously decided by the courts.
I wrote last autumn about the European Parliament’s approval of proposals for the regulation of artificial intelligence (AI), and the European Commission has now decisively picked up the legislative baton, publishing its comprehensive framework for an AI Regulation.
For the second time in one week, the High Court has found in favour of the landlord in a dispute around concerning payment of rent during the Covid-19 pandemic.
On 31 May 2021, the Vertical Agreements Block Exemption Regulation (VBER), which exempts certain agreements from the EU and UK prohibitions on anti-competitive agreements, enters its final year of service before its scheduled expiry at the end of May 2022. Both the UK’s Competition and Markets Authority (CMA) and the European Commission (EC) have begun consultations on whether to replace the current instrument and its accompanying guidelines and, if so, how the replacements can tackle some of their predecessors’ shortcomings.
Neil Lloyd, managing director at law firm FBC Manby Bowdler, set up Tech Time Out with Stephanie Henson last year after noticing that a lot of noise was being made about the amount of time people were spending on tech, and certainly, COVID just made it worse.
On 25 January 2021 the Supreme Court issued a decision on long-term contracts for the import of Russian natural gas into Austria (16 Ok 3/20g). The contracts had been concluded in 2006 for the supply of unstructured natural gas. All of the contracts expired on 31 December 2027. At the time of their conclusion, such long-term commitments were common for contracts between natural gas producers and importers or wholesalers throughout Europe. The contracts contained an obligation for customers to purchase 83% of the contract volume (at least in the medium term), even if this amount was not actually taken (take-or-pay clause). In 2011 one of the buyers was granted an early termination right.
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Law firms have paid back loans they took out last year but it doesn’t mean they are in the clear just yet.
Cahill has doubled in size in London since 2016.
Magic circle firms have been modifying lockstep to compete with US rivals.
A bumper year for Singapore should give Paris pause for thought.
With London firms thriving in the city, Bristol’s old guard have competition on their hands.
Restructuring hires are on the rise but some firms may have moved too slowly.
Latham & Watkins has scored a critical win for New Look, after fending off a challenge from landlords over its use of a company voluntary arrangement (CVA). The firm defeated four groups of landlords, including the new owners of Manchester’s Trafford Centre, as they contested the retailer’s switch from fixed-rate rents to a turnover model […]
Linklaters’ senior partner election race has concluded, with Aedamar Comiskey beating two other contenders to the role. The firm’s head of corporate will replace incumbent Charlie Jacobs, who earlier this year confirmed he would leave Linklaters at the end of his term. Jacobs has since announced he is joining JP Morgan as head of the UK […]
Hogan Lovells has announced that City partner Richard Diffenthal has sadly passed away. Diffenthal, who was 40, was a homegrown Hogan Lovells corporate talent, having trained at the firm before making partnership in 2016. His wealth of experience covered the full range of corporate practices, including equity capital markets, joint ventures and corporate advisory work, […]
Shearman & Sterling has hired long-serving project finance partner David Clinch from Herbert Smith Freehills to replenish its projects team in Singapore. The appointment is one of a few senior level hires made by Shearman & Sterling in the city state in recent years. Clinch joins the US firm as a partner following a 27-year […]
Nokia is to assess six panel firms on their equity, inclusion and diversity (E, I&D) credentials through a new scorecard system. As part of the initiative, Nokia’s legal and compliance organisation will conduct quarterly and annual assessments of its key panel law firms. The initiative was presented to firms in March, with Eversheds Sutherland, Roschier, […]
CMS has created a managed services arm to complement its traditional legal practices, as more firms venture into an area previously dominated by alternative providers and the Big Four. The firm has assembled an offering that will bring together teams of lawyers, technologists and project managers to absorb the operations of in-house functions at client […]
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