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Latest Briefings

Legal Operations Benchmarking Report 2019

The inaugural BusyLamp Legal Operations Benchmarking report documents the findings of a survey of legal departments from around the world and of varying profiles. The report looks at similarities and differences across industries, legal expenditures, legal department sizes, and geographies, and explores how certain trends are impacting other factors. The survey of 21 multiple choice […]

India: Supreme Court upholds NCLAT insolvency judgement ruling

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

Guernsey’s new substance requirements – application to the funds industry

Like other offshore jurisdictions, Guernsey has implemented legislative economic substance requirements, which came into force on 1 January 2019, to meet a commitment to address concerns raised by the EU Code of Conduct Group on Business Taxation that Guernsey’s corporate tax system could facilitate offshore structures aimed at attracting profits which do not reflect real […]

Dispute resolution lawyers stress importance of board minutes in regulatory investigations

By Mathew Newman, Alex Horsbrugh-Porter, Sandie Lyne, Michael Rogers Today Guernsey dispute resolution specialists Michael Rogers and Sandie Lyne presented to the NED forum on the topic of regulatory investigations, providing advice on strategies and protocols which non-executive directors should consider when an investigation is underway. In particular, the talk highlighted why keeping board minutes […]

Trade secrets in Slovenia

The new Trade Secrets Act will enter into force on 20 April, introducing further clarity to Slovenian legislation with a renewed definition of business secrets. The new Act comprehensively regulates business secrets, as it uniformly defines the concept of a business secret – which was, until now, regulated in several sector-specific acts. In the event […]

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Paris Bar gives green light to Paul Hastings merger

Paul Hastings Janofsky & Walker can finally seal its merger with France’s Moquet Borde & Associes after gaining approval from the Paris Bar Association. The US firm originally voted on the merger with the French independent in December last year with the tie-up becoming official at the beginning of February. While Paul Hastings has been […]

Goldman Sachs funds ace joins King & Spalding

King & Spalding has scored another coup for its private equity group by taking on a funds specialist from Goldman Sachs. Stephen Culhane served as vice-president and associate general counsel at Goldman Sachs & Co and was legal director of the private equity group. He will join King & Spalding’s New York private equity group, […]

Bevan Ashford boosts London office with two appointments

Bevan Ashford has accelerated its push into London with the appointment of two new partners in the space of a month. Former Tarlo Lyons litigation partner Peter Moody, who specialises in IT, technology, retail and leisure disputes, joined the firm last Monday. Meanwhile, Pinsents banking and tax associate Christine McElroy is quitting her old firm to join Bevan […]

Herbert Smith tops M&A rankings with help from Sanofi-Synthelabo

Herbert Smith is at the top of Mergermarket’s announced European M&A league tables by value for the first time, partly thanks to its role on the first quarter’s mega-deal Sanofi-Synthelabo’s €53bn (£35.36bn) hostile bid for Aventis. The hostile bid, which could create the world’s third-largest pharmaceutical company, has dominated the deals-by-value tables, with 16 law […]

Quack attack

Feathers are flying at US law firm Crowell & Moring. Hundreds of yellow rubber ducks are quacking in fear following reports of a serial duck killer. London managing partner Peter Teare confirmed that there had indeed been cases of duckocide at the firm in recent weeks. The attacks follow an internal backlash by partners believed […]

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