Latham to cut 440 jobs as workloads plummet

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Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

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Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Latham’s Dell speaks out on redundancies

Latham & Watkins managing partner Bob Dell has today spoken out about the firm’s record 440 layoffs. Earlier today, the US firm announced its plans to cull 190 associates and 250 paralegal and support staff employees (27 Feb 2009). The news followed a profits drop at Latham of 21 per cent for the 2008 financial […]

Building bridges

In restructuring property finance, enforcement is not your only option, says Nicholas Crocker In the current economic climate the most commonly cited cause of borrower default is breach of loan to value (LTV) covenants. It has recently been said that anyone who in the last few years bought at above 70 per cent LTV is […]

Clifford Chance loses further New York litigator

Clifford Chance has lost a further litigation partner from its New Yorkoffice with Vic Siber leaving to join US firm Baker Hostetler. Clifford Chance loses further New York litigator” />Clifford Chance has lost a further litigation partner from its New York office with Vic Siber leaving to join US firm Baker Hostetler. The move comes […]

Catherine Newman
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Maitland wins fraud case for pub chain JD Wetherspoon

Catherine Newman QC of Maitland Chambers has won a High Court victory on behalf of JD Wetherspoon (JDW). Catherine Newman The pub chain accused its former property advisor Van de Berg (VdB), and VdB’s managing director Christian Braun, of fraud during the 16 years it worked with the company. During that time JDW paid the […]

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Camerons advises on Stanford receivership

CMS Cameron McKenna has been appointed to advise the receivers of two Antiguan companies of Texan billionaire Allen Stanford’s group of businesses. The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda called in Vantis client partners Nigel Hamilton-Smith and Peter Wastell as joint receivers of Stanford International Bank and Stanford Trust Company last week. […]

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