Lovells homes in on financial performance

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Latest Briefings

Putting data to work

By Nicholas d’Adhemar Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and Artificial Intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be […]

The Romanian Competition Council never rings twice

By Georgiana Badescu, Mona Banu, Volker Weiss This is how it all starts: with a ring at the door We can only imagine how big the surprise must be when you find out that your Belgium-based office is being raided in an investigation by the Romanian Competition Authority. But it is a fact that the […]

E-mobility market in Portugal – An overview

By Manuel Santos Vitor, Catarina Cortez Gamito Historical and legal background One of the main national priorities in what concerns the Portuguese electricity sector is the development and full implementation of a strong electric mobility (‘e-mobility’) market. This priority largely results from the government concerns associated not only with the environment (ie, reduction of greenhouse gas (GhG) […]

New Jersey LLC law strengthens the Island’s offering to US managers

By Matthew Shaxson Jersey’s new LLC law strengthens the Island’s offering to US managers to build on the £169 billion of US assets and funds already administered here, says Ogier partner Matthew Shaxson. The Island’s legislature gave final approval to the new LLC structure, which largely mirrors the existing Delaware model, last week. With a significant […]

Cayman Grand Court hands down decision on master-feeder fund structures

By Giorgio Subiotto, Tim Cone The Cayman Grand Court has handed down a decision that has significance for Cayman master-feeder fund structures. Funds and their advisers should review the redemption provisions in master fund articles of association and partnership agreements to ensure that, operationally, redemptions are being effected in accordance with such documents. Background In the matter […]

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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 […]

2

CC, links take lead on Rio-Chinalco deal

Clifford Chance and ­Linklaters have taken lead roles on the Chinese government’s $19.5bn (£13.66bn) ­proposed cash injection into mining group Rio Tinto. Rio Tinto, advised by Linklaters, raised the money by selling stakes in its mines and issuing convertible bonds to state-owned Chinese group Chinalco. When the bonds are converted into shares, Chinalco, represented by […]

Dechert: second round of layoffs this month

Dechert has made its second round of layoffs this month, shedding 10 staff lawyers. The US firm has culled one ninth of its US staff attorney workforce due to insufficient workflows. The move comes after The Lawyer reported that Dechert laid off 19 lawyers in the US due to a reduction in demand for legal […]

2

Opinion: government honesty is overdue on overseas torture

Clare Algar, executive director at Reprieve, calls for honesty from the government to repair the damage done by those who were complicit in the rendition and torture of Binyam Mohammed, the Guantanamo detainee who returned to the UK this week. Clare Algar, executive director at Reprieve, calls for honesty from thegovernment to repair the damage […]

1

Milbank suffers 16 per cent profit drop

Milbank Tweed Hadley & McCloy has posted a double digit drop in average profit per equity partner (PEP) along with a 3 per cent fall in total revenue for the 2008 financial year. The New York-headquartered firm’s PEP fell from $2.53m in 2007 to $2.1m, at 16 per cent one of the most significant reductions […]

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