McDermott launches new bonus scheme

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Latest Briefings

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 […]

Reduction of partial transition compensation for working hours by Supreme Court

By Lucas Hoogervorst, Maureem in Poel The Supreme Court ruled last Friday that, in short, a partial amendment of an existing employment contract in circumstances that have to be borne by the employer, may result in the payment of a partial transition payment. This concerns the special case that, due to circumstances, is forced to proceed […]

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Offshore Special Report

The historic election of Barack Obama as the next US president could create a pivotal moment in how offshore firms operate globally. This Offshore Special Report examines the looming political and economic challenges facing the sector. It is politically popular to hit out at offshore jurisdictions for hoarding tax-avoiding companies and individuals. But jurisdictions combat […]

Necessity: the mother of re-invention

News that CMS Cameron McKenna is to transform its legacy insurance practice into a dispute resolution group is yet more evidence that the legal market is having to re-invent itself to keep pace with changes in the wider economy. Unlike many of the firms featured on Legal Job Watch, Camerons has trumpeted its desire to […]

BLP’s corporate ambitions still burn, but the hunt for a rainmaker goes on

Trophy clients are vital if the firm is to compete with Ashurst and Herbert Smith. Berwin Leighton Paisner (BLP), which built its reputation as a real estate firm, is trying to branch out into the corporate arena. Don’t be surprised if this ­statement sounds familiar. Managing partner Neville Eisenberg has been coveting a slice of […]

LSC job cuts spark fears for access to justice

The Law Society has warned that access to justice could be adversely affected after the Legal Services Commission (LSC), which runs the legal aid scheme, cut 600 jobs. As revealed by TheLawyer.com (4 November), the LSC is to shrink its ­headcount from 1,700 to 1,100 by 2011 in a bid to reshape its business support […]

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Offshore offensive

A stringent new offshore tax bill in the US, backed by Barack Obama, could have serious implications for any territory that finds itself on Washington’s blacklist. Stephen Platt reports On 22 September in a speech on the stump, Barack Obama said: “We lose $100bn [$62.97bn] every year because corporations get to set up mailboxes offshore […]

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