Lehman Brothers: the billion-pound insolvency

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Latest Briefings

Civil partnerships: a thing of the past?

By Sarah Green This week, the Supreme Court has heard the case of a couple who wish for their relationship to have the same legal status as same-sex civil partners…

Letting standards slip: Hotel owners cannot enforce brand standards

By Edward John An appeal judge refused to grant a hotel owner an order for specific performance requiring the tenant to maintain active trade and keep and run premises in accordance with brand standards. In Zinc Cobham 1 Ltd and ors v Adda Hotels, Zinc Hotels failed in its attempt to force Adda Hotels and […]

Luxembourg: Effect of the insurance distribution directive on the life insurance industry

Directive (EU) 2016/97 on Insurance Distribution of 20 January 2016 (“IDD” or “the Directive”) harmonises national provisions concerning the distribution of insurance and reinsurance products and insurance-based investment products (“IBIPs”) by insurance intermediaries, insurance companies, their employees, and ancillary insurance intermediaries in the European Union. The objective of the present article is not to summarize […]

Bulgaria to introduce derogations from the EU General Data Protection Regulation

The Bulgarian government has announced a set of specific requirements relating to the processing of personal data that it plans to introduce to national legislation in addition to the requirements under the EU General Data Protection Regulation (the “GDPR”). Such specific requirements (commonly known as “derogations”) are allowed by the GDPR in certain areas, such […]

Glencore awarded anti-suit injunction in DRC

In Kamoto Copper Company SA v Africa Horizons Investments Ltd and Ventora Development SASU [2018] EWHC 1086 (Comm) , Mr Justice Males ordered an anti-suit injunction against the defendant companies on the claimant’s application after the second defendant commenced proceedings in the DRC claiming US$2.857bn in relation to the alleged assignment of a royalties agreement…

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SNR Denton Abu Dhabi partner takes charge of Kuwait office

SNR Denton has named Abu Dhabi partner Stuart Cavet as managing partner of its Kuwait office, replacing David Pfeiffer, who resigned from the firm in October. Energy specialist Cavet joined legacy firm Denton Wilde Sapte from Simmons & Simmons in the summer of 2010 and will relocate to Kuwait to take on the leadership role. […]

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Wising up to the wise guys

Organised crime is using international arbitration to launder money. Can you spot the signs? International arbitration is booming, that much we know. But how about this – the process for settling cross-border disputes is being hijacked by criminal gangs looking to launder their illicit gains. Don’t snigger at the back – we’re not making this […]

Hacking firms told to take party line

Phone-hacking costs must be cut or claimants will have to join forces The claimant firms acting for victims of the phone-hacking scandal have been ordered to find a more cost-efficient way of working or risk their clients being forced into a group litigation order (GLO), with a single firm advising the entire group. It is […]

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Baker & McKenzie pulls plug on San Diego base

Baker & McKenzie is to close its San Diego office at the end of the month with all fee-earners and staff losing their jobs. The firm said it is winding down its presence in the city as the base has ceased to be viable. Seven fee-earners and more than a dozen staff have been given […]

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Reed Smith instructed on WorldSpreads administration

Reed Smith has won the role acting for the administrators of WorldSpreads, the spread-betting operator being wound up after accounting irregularities were found in its finances. London restructuring partner Charlotte Møller and Europe and Middle East disputes head Richard Spafford are understood to be advising KPMG partners Jane Moriarty and Samantha Bewick, who were appointed […]

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