Lovells fails with super-casino challenge

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SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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Lovells offers secondments to bulk up in Dubai

Lovells is seeking to beef up its Dubai presence a month after opening in the Emirate as well as offering trainees a seat in the office from September. From its launch on 1 May the office has had five partners, headed by banking and project finance specialist Shibeer Ahmed, and eight associates. A further seven […]

CC gets busy on PIK documentation

Documentation for payment in kind (PIK) loans is undergoing a make over at the moment following pressure from market participants. Confusion about the documentation and how it affects the structure of PIK loans has been rife in recent years with many banks and corporates not too confident about the specifics. The Loan Market Association (LMA) […]

Lovells’ Prof-Media relationship blooms

Lovells has cemented its relationship with Russian media company Prof-Media, advising on its purchase of Wayfarer Media, the holding company of MTV Russia and VH1 Russia. The deal saw Prof-Media, advised by an all-female team led by Lovells’ Moscow managing partner Oxana Balayan, acquire 100 per cent of Wayfarer’s shares from MTV Networks International and […]

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Gomez-Acebo divorces Portuguese ally

Gomez-Acebo & Pombo has split from its Portuguese ally Vieira de Almeida & Associados, following a review of its international strategy. The Spanish firm could decide to launch its own office in Portugal after the split. Gomez-Acebo’s new international strategy has already seen the firm announce the opening of a London office in September. Vieira […]

Slaughters and Weil seal Terra Firma’s Thresher divestment

Slaughter and May and Weil Gotshal & Manges have secured key roles advising on Terra Firma’s sale of the Thresher Group to a consortium led by private equity and pensions investor Edmund Truell. On 28 May The Lawyer revealed Weil Gotshal’s success advising Terra Firma on its £3.2bn bid for music publishing company EMI. The […]

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