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News

Google

Clifford Chance secures victory over Cleary in landmark Google dispute

Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]

Clyde

Clydes recruits new CIO to review tech strategy

Clyde & Co has appointed a new chief information officer to spearhead the firm’s data and IT strategy, after the departure of former lead Chris White. White joined Clydes in June 2013, but turned his 18-month initial contract into a full-time role in December 2015 to adequately implement his plans for the firm. He said: “After […]

London

Clydes leads as Cheesegrater 2 gets go-ahead

Clyde & Co is advising Hong-Kong based developers Lai Sun Development Company in the construction of 100 Leadenhall – a skyscraper that is set to be London’s third tallest tower. Real estate partner Martin Quicke, who specialises in advising property companies and overseas investors from Hong Kong and South east Asia, is leading for Lai […]

CC
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Clifford Chance to streamline use of chambers in litigation shake-up

Clifford Chance is set to reduce the number of chambers it instructs, after an internal survey of its litigation practice revealed it was instructing too many individual sets. The Lawyer understands that senior management at the magic circle firm surveyed the entire practice to better understand the range of sets that were being instructed. A […]

London

Ince cuts 32 roles in London in latest redundancy consultation

Ince & Co‘s redundancy consultation has resulted in the departure of 32 people and a search to sub-let 22 per cent of the firm’s floor space in its London headquarters. Of those 32, 25 business services staff have now left the firm along with a further seven fee-earners, including one junior salaried partner. There are […]

Kevin Gold

Mishcon posts 8% rise in turnover as firm breaks £160m

An 8 per cent increase in turnover at Mishcon de Reya last year saw the firm break through the £160m barrier for the first time in its history, posting £161.3m for the 2017/18 financial year. The increase in the firm’s top line means it has now added more than £30m in revenue growth in the […]

Gateley posts third consecutive year of double-digit growth since IPO

Gateley’s revenue has increased by 11 per cent from £77.6m to £86.1m in its third full year as a listed entity. The firm posted double-digit rises across the board for 2017/2018, with profit before tax increasing by nearly 12 per cent from £13.1m in 2016/2017 to £14.6m. Adjusted earnings before interest and tax (EBITDA) saw a […]

High Court

Pinsents slammed for “shameful” treatment of defendants in Aeroflot case

A High Court judge has slammed Pinsent Masons for its actions following the death of Russian oligarch Nikolay Glushkov, accusing the firm of having lost “sight of any basic standard of decent and compassionate behaviour” in a long-running case brought by Russian airline Aeroflot. The litigation centered around allegations made against, among others, the late Russian oligarch […]

telecoms

Freshfields and Paul Hastings lead on €260m telecoms sale

Freshfields Bruckhaus Deringer and Paul Hastings have picked up lead roles on the latest bumper deal in the increasingly active telecoms sector. The magic circle firm has been advising South African company MTN Group on its sale of subsidiary company MTN Cyprus to Monaco Telecom for approximately €260m. Paul Hastings is representing the buyer Monaco […]

Reading, Thames Valley

CMS slashes Reading office headcount after fee-earner review

CMS Cameron McKenna Nabarro Olswang is to nearly halve the size of its Reading office after a review affecting the firm’s real estate practice, just over a year into its tripartite merger. The Lawyer understands the firm held a consultation with seven fee-earners in the real estate asset management practice, with the majority of the group relocating to […]

Fintech start-up builds legal team with first GC

The former general counsel of MarketInvoice Simon Coles has joined fintech start-up Capital On Tap as its first legal head. Capital On Tap provides tech-driven funding facilities to SMEs and enables customers to access instant funding to grow their business. Before his stint as general counsel at cashflow finance provider MarketInvoice, which ended last year, […]

Frankfurt

Latham partner moves to DLA’s Frankfurt office

DLA Piper has snared a corporate partner from Latham & Watkins‘ Frankfurt office, as the firm continues to bolster its capital market divisions in Germany. Roland Maass will be joining the firm from Latham, where he has been a partner since 2006. His practice mainly focuses on capital markets transactions, advising domestic and international companies […]

Cyber attack warning. Man securing computer data base by pressing alert sign for cyber attack on digital display.

Hogan Lovells joins war for data privacy talent with new hire

Hogan Lovells has made a bid to remain at the top of the data protection boom, with a new hire in its privacy and cybersecurity practice. Privacy partner Nicola Fulford has been brought in to join the firm’s 12-strong team from Kemp Little, four years after the launch of Hogan Lovells’ privacy and cybersecurity practice. […]

Ashurst

Ashurst in disputes push with Mayer Brown construction hire

Mayer Brown construction and arbitration partner Tom Duncan has left the firm after six years for Ashurst‘s London disputes group. Duncan joined Mayer Brown in 2001 and made partner at the firm 10 years later. He will join Ashurst’s disputes team as the seventh new hire to the group globally this year. Other new joiners in […]

Latest Briefings

Priority rights in Turkish law

According to the Industrial Property Law, which entered into force on 10 January 2017, an enterprise of goods or services ensure distinguishing from or service goods other undertakings and brand owners to ensure protection of the subject it is turned on and including the names of persons, provided that shown on the register can provide […]

Russia increases duties on US goods

On 23 March 2018, the United States of America introduced a special protective measure in the form of increased customs duties on imports for steel and aluminium products, including those originating from the Russian Federation… …The Government of the Russian Federation by its Decision No. 788 dated July 2018, therefore, introduced import customs duties rates […]

Why Islamic finance fits well in Kazakhstan

Since 1991, Kazakhstan, Central Asia’s largest economy and oil producer, has had to rely on the deteriorating infrastructure it inherited from the Soviet Union. As a result, nearly every piece of public infrastructure (eg roads, hospitals, power plants, kindergartens, sewerages) in Kazakhstan requires a different degree of upgrading or expansion…

Extortion, blackmail, and kidnap for ransom

In this market insight, originally written for CampdenFB, Schillings’ extortion, blackmail and kidnap for ransom specialists, John Chase and Brittany Damora, set out the scope of the threat and what steps family offices and family businesses need to take when faced with this type of critical risk scenario…

The Court of Protection endorses use of the Mental Capacity Act

By Michael Mylonas QC The requirement for written consent in schedule 3 of the Human Fertilisation and Embryology Act has caused difficulties in some notable cases. Last week saw another challenge in which Mrs P needed the consent of her husband who had suffered an irreversible brain injury. She turned to the Mental Capacity Act 2005…

Portugal: changes to the rules on nationality

Organic Law No. 2/2018 establishes that the children of foreigners born in Portuguese territory (when the parents are not in the service of their home state), are considered Portuguese by origin, provided that one of the parents has been residing legally in Portugal for at least two years. This contrasts with the five years that were […]

Privilege perils – reporting with purpose

By Michelle Martin In the recent case of Artisan Glass Studio Limited v The Liffey Trust Limited, Slovak Limited (substituted by Aviva Limited & anor [2018] IEHC 278, which concerned fire damage to property, the High Court considered the relevant factors when deciding on a claim of litigation privilege, as set out below: “(a) Whether litigation […]

Short shrift for party litigant in Scotland

The Court of Session in Scotland has followed the example of the Supreme Court, giving short shrift to a party litigant (or, ‘litigant in person’ in England and Wales) in his legal proceedings against his bank. Walker Morris’ Banking & Finance Litigation partner Rob Aberdein explains.

Buildings regulatory framework not fit for purpose

Dame Judith Hackitt’s much-anticipated final report on building regulations and fire safety was published on 17 May 2018. Stephen Radcliffe of Walker Morris LLP considers the report and the implications for the construction industry…

Merger control: Guidance paper on new transaction value thresholds in Austria and Germany

In the second half of 2017 both Austria and Germany introduced transaction value based thresholds as alternatives to purely turnover based thresholds that trigger the obligation to obtain merger control approval. The Austrian test pursuant to section 9 (4) Austrian Cartel Act (“ACA”) requires, amongst others, the consideration for a transaction to exceed EUR 200 […]

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