Clydes to female lawyers: get out of your comfort zone and speak in public
Clyde & Co has launched a programme to raise the profile of female lawyers by giving them more roles as spokespeople for the firm.
Blackstone trio lead the way in latest barrister rankings
As if to underline the set’s pole position in the rankings, three of the top four busiest barristers of 2018’s first three quarters all call Blackstone Chambers home. Nathalie Lieven QC and Ben Jaffey QC were a close contest coming in second and joint-third positions, having handled 12 and 11 cases respectively, though it was […]
Dechert’s former Dubai co-head moves to new firm in London
Dechert’s former Dubai co-managing partner Gavin Watson has left the firm for Pillsbury, where he will work as a partner in its London office. Watson has relocated from the Middle East to London, with a focus on cross-border corporate transactions in the oil and gas space. He joined Dechert in 2012 from defunct firm Dewey & […]
Clifford Chance expands in Luxembourg with second hire in a month
Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time. Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European […]
Significant beneficial owner: SEBI makes listed companies comply
India: Supreme Court rules universality is the test for allowances as ‘basic wages’
A Bench of Hon’ble Justices Arun Mishra and Navin Sinha of the Hon’ble Supreme Court vide judgement dated 28 February 2019 in the case of The Regional Provident Fund Commissioner (II) West Bengal Vs Vivekananda Vidyamandir & Ors. has reiterated the principle that the crucial test to be applied for inclusion of allowances as part […]
Significant beneficial ownership filings by listed companies – SEBI extends timelines
On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners) 2018 (Old SBO Rules). As per the New SBO Rules, the first SBO-related filing is due on 12 May 2019. Vide circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 […]
Plastic ban on 36 major railway stations
On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]
RBI relaxes the 20% concentration limit for FPIs to invest in the Indian debt market
The Reserve Bank of India (RBI) through its circular dated 15 February 2019 (RBI Circular) relaxed one of the restrictions imposed on foreign portfolio investors (FPIs) while investing in the Indian debt market. On 15 June 2018, the RBI had introduced certain conditions for FPIs looking to invest through the bond route in India (2018 […]
Licensing structure for defence manufacturing by the MCI
On 1 January 2019, the Ministry of Commerce and Industry (MCI) vide Press Note No.1 of 2019 Series (Press Note 2019) specified the list of defence items under the Industries (Development and Regulation) Act, 1951 (IDRA) and the list of arms and ammunitions requiring license under Form VII of the Arms Act, 1959 (Arms Act), […]
Clydes to female lawyers: get out of your comfort zone and speak in public
Clyde & Co has launched a programme to raise the profile of female lawyers by giving them more roles as spokespeople for the firm.
Blackstone trio lead the way in latest barrister rankings
As if to underline the set’s pole position in the rankings, three of the top four busiest barristers of 2018’s first three quarters all call Blackstone Chambers home. Nathalie Lieven QC and Ben Jaffey QC were a close contest coming in second and joint-third positions, having handled 12 and 11 cases respectively, though it was […]
Dechert’s former Dubai co-head moves to new firm in London
Dechert’s former Dubai co-managing partner Gavin Watson has left the firm for Pillsbury, where he will work as a partner in its London office. Watson has relocated from the Middle East to London, with a focus on cross-border corporate transactions in the oil and gas space. He joined Dechert in 2012 from defunct firm Dewey & […]
Clifford Chance expands in Luxembourg with second hire in a month
Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time. Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European […]
Fieldfisher duo vie for top job in senior partner elections
Fieldfisher has started the process to find a successor to senior partner Matthew Lohn, The Lawyer has learned, with two partners throwing their hats in the ring. Corporate partner David Wilkinson and real estate partner Anthony Phillips are understood to be the first to have launched their bids. Both partners are longtime Fieldfisher lawyers. Wilkinson was […]
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Penningtons Manches Cooper records modest growth in pre-merger year
Penningtons Manches Cooper’s revenue has risen to nearly £80m while profits have taken a hit, in the firm’s second year as a member of the UK top 50. Over 2018/19, the firm saw slower growth compared to its previous two financial years, when both revenue and profit saw double-digit growth. Revenue rose 4.5 per cent, […]
The speed read: in-house fluidity; US firm office moves; and a poison pen at Doughty Street
Deep into August and the City is quiet as partners take a well-earned break drinking wine in Provence, sunning themselves on a Greek island or, in the case of one out-of-office reply we received this morning, “sailing round Alaska.” Nevertheless, the news does keep coming… The in-house market has rarely been this fluid The repercussions […]
Magic circle and US firms lead on Hasbro £4bn entertainment deal
Freshfields Bruckhaus Deringer and Mayer Brown have advised on US toy maker Hasbro’s £3.3bn ($4bn) acquisition of UK-listed Entertainment One. Canadian media and entertainment company Entertainment One, or eOne, is the owner of film and television titles such as children’s cartoons Peppa Pig and Ben and Holly’s Little Kingdom, through its family division. Through its […]
Firms set to lose out as Alibaba postpones its HK capital-raising
The delay in China’s biggest e-commerce company public listing in Hong Kong could see the longstanding advisers for Alibaba lose out on fees for a £16m capital-raising. The Alibaba Group announced early in the week that it would delay its IPO process in Hong Kong due to the protests that have swept the Asian corporate […]
Covington begins search for new London HQ as lease end nears
Covington & Burling is on the hunt for new office space in London as its lease edges closer to an end, The Lawyer understands. According to sources in the market, the US firm has kicked off the search ahead of its lease end in 2021. While no shortlist of potential locations is currently available, the […]
A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group
Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]