Lovells concludes lockstep review

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Latest Briefings

Issues concerning construction and enforceability of settlement agreements

By Craig Orr Zurich Insurance v Hayward has drawn attention to the scope for parties to re-open settlements when new evidence disproving the other side’s case later emerges. Craig Orr QC considers this and other issues concerning the construction and enforceability of settlement agreements, by reference to modern English and Commonwealth authority.

Romanian Competition Council’s conclusions on retail banking sector inquiry

By Iustinian Captariu, Theodora Stoica Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market (“PSD2”), the Romanian Competition Council (the “RCC”) launched in 2016 a comprehensive study of the Romanian retail banking market. PSD2 is expected to fundamentally change the way […]

Canada: Federal government to implement Wells v Canada

By Jaimie Lickers, John J. Wilson Yesterday, representatives of the federal government and the Qalipu Mi’kmaq First Nation of Newfoundland announced that – as a result of the litigation advanced by Gowling WLG – it will reassess approximately 58,000 membership applications for membership denied on the basis of the evidentiary criteria set aside in Wells v. Canada. […]

MPs can depend on government to renegotiate as part of meaningful vote

By Kieran Laird In the political tempest of the last couple of days it would be easy for a report by a Parliamentary committee to slip under the radar unremarked. However, today’s report by the Commons Procedure Committee concerns the very live issue of the form of the motion on which MPs will have their meaningful […]

Can the UK reverse out of Brexit?

By Kieran Laird In a few weeks MPs will be asked to vote to approve the Withdrawal Agreement and political declaration on a future trade deal negotiated by the government. At present, the mood music is that many – both pro- and anti-Brexit – dislike the package. However, whether or not they vote against it will, […]

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Latham in ten per cent global profits surge

Latham & Watkins has continued its winning streak after unveiling impressive financial results for 2004. Turnover at US firm has increased 17 per cent on 2003, from $1.03bn to more than $1.2bn last year. The results follow a phenomenal 2003, which saw the firm post a 14 per cent revenue rise to break through the […]

The Lawyer global offshore report – Isle of Man

The years 2003, 2004 and 2005 will be seen as the period when the Isle of Man laid down new foundations to take its economy forward to meet the challenges of a globalised and, theoretically, more transparent world. Accordingly, the changes that occurred in 2004 should be seen as part of a strategy that is […]

UK revenues show the way for Reed Smith

Reed Smith’s UK revenues comfortably outstripped the rest of the firm with turnover rising 29 per cent during the last year to $36.2m compared with a 19 per cent rise across the whole firm. UK profit per equity partner for 2004 was up 6.8 per cent to $768,500 (£407,000). Total firm revenue in 2004 was […]

Deutsche shakes up UK panel

Deutsche Bank is to launch a review of its UK law firm panel for leveraged finance deals in a bid to slash its annual legal spend.It is understood that Deutsche will use the review to persuade external lawyers to write off legal fees more readily when a deal collapses. In the UK, Deutsche uses Allen […]

Firm profile: Druces & Attlee

On the wall of Druces & Attlee’s reception is a portrait of a grave-looking man in neat, black legal clothes. Charles Druce still watches over the firm that bears his name. But Druces has changed considerably from the private client outfit that started out in 1783. These days senior partner Roy Campbell presides over a […]

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