Linklaters, Clifford Chance power up for oil majors investigation

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Latest Briefings

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

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Increasing costs sealed with LIPs

The Big Bang may have proffered the public greater choice, but there is a high price to pay Litigant in person (LIPs) creep has reached the High Court. There are now increasing numbers of litigants with cases of substantial value and complexity who are unable to fund legal representation. Often they do not qualify for […]

Debt programme updates/establishments and the new PD regime — an update

The debt capital market continues to come to terms with the requirements of the new Prospectus Directive (PD) regime. As noted in the previous edition of this note, issuers with debt programmes established or last updated before 1 July 2012 will now have to ensure that relevant amendments are made to base prospectuses at the […]

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Linklaters brolly scheme strikes gold as Coleen Rooney spreads firm’s name

Linklaters’ policy of handing out branded umbrellas to students on campus to spread the firm’s name appears to have paid off after Coleen Rooney was pictured on the pitch after a Manchester United home match carrying a giant brolly with the magic circle outfit’s logo on it. Corridors at Linklaters were buzzing with excitement today […]

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Promotions figures indicate bleak times

The general downward trend – at least in the UK – highlighted in this week’s partnership promotions feature didn’t obscure some major changes dotted throughout the annual rounds. No corporate partners made up at Travers; Ashurst now has more partners outside than inside the UK; and the first crop of Bond Dickinson freshers, with twice […]

Bring your own device: ICO publishes new guidance

A survey by the Information Commissioner’s Office (ICO) has revealed that 47 per cent of all UK adults now use their personal smartphone, laptop or tablet computer for work purposes — known as ‘bring your own device’ (BYOD). However, fewer than three in 10 users had received guidance on how to use their devices for […]

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