Related briefings

Deutsche Bank succeeds in landmark appeal on the interpretation of competing subordinated debts in the Lehman Group and the effect of guarantee payments in an insolvency

On 20 October 2021, the Court of Appeal (Lewison, Henderson and Asplin LJJ) handed down its judgment ([2021] EWCA Civ 1523) in a landmark case concerning how a surplus (estimated to be between £800 million and £1 billion) should be divided among the subordinated creditors in the administrations of LB Holdings Intermediate 2 Ltd and Lehman Brothers Holdings PLC.

Deutsche Bank v Busto di Arsizio [2021] EWHC 2706 (Comm)

The Commercial Court (Financial List) has given a significant judgment in the first of the Italian swaps cases to consider the landmark Italian Supreme Court decision in Banca Nazionale Del Lavoro S.P.A v Municipality of Cattolica, holding that it was open to the English court to diverge from an authority of the highest court in a foreign legal system if satisfied on the evidence that the authority does not represent the law.

Alleged oral agreement summarily rejected

In Parsadoust v Hanging Gardens Limited [2021] EWHC 1594 (Comm), Mr Justice Calver granted summary judgment on a claim to enforce a written call option over certain shares in Babylon Health, the digital healthcare provider.

Latest Briefings

Focus on Northern Ireland

As with other parts of the UK, the last 18 months have seen a period of exceptional market activity in the living sector in Northern Ireland, despite the economic challenges of Covid. Much of that activity has in fact been driven by the societal challenges and behavioural shifts brought about by the pandemic.

Canadian ESG for investors and lenders

Gowling WLG and Export Development Canada hosted an engaging virtual panel discussion focused on Canadian ESG in investing and lending. The panel touches on ESG in the context of our current market, as well as key considerations and upcoming developments in Canadian ESG.

Is this the end of rugby as we know it?

In the summer, new guidance was introduced for professional and amateur footballers to reduce the number of headers allowed in training and in use during a game. This followed an investigation into the impact of this move on the long term brain health of football players and a potential link to brain damage was raised.

Supreme Court of Canada on contract interpretation: Lessons from Corner Brook (City) v. Bailey

The Supreme Court of Canada (SCC) decision in Corner Brook (City) v. Bailey provides helpful clarification and direction respecting the interpretations of contracts. The case arises in the context of the interpretation of a release. However, it has significantly broader application and reaffirms the contextual approach to the interpretation of contracts previously articulated in the SCC’s 2014 decision in Sattva.

Predatory marriage conference

Earlier this month, The Institute for Policy and Engagement at the University of Nottingham ran an in-depth virtual conference discussing the need for action on the issues surrounding predatory marriage.

Recommended

Dusseldorf

Latham’s Germany managing partner leads team move to Noerr

A four-partner corporate and M&A team led by Latham & Watkins’ German managing partner Harald Selzner has joined German firm Noerr in Dusseldorf. The partners leaving the US firm for Noerr also include Martin Neuhaus, Natalie Daghles and Rainer Wilke. All four partners are considered heavyweights for major corporate transactions and takeovers. Selzner, Neuhaus and […]

Taylor Wessing loses head of cyber security to Baker McKenzie

Baker McKenzie has recruited the head of Taylor Wessing’s cyber security practice. Paul Glass joins Bakers on 19 October after 14 years at Taylor Wessing, where he was a partner in the commercial technology and data group, as well as leading the firm’s cyber security practice. He joined the firm in 2004 and made partner […]

spying surveillance

Dechert’s Neil Gerrard faces strike-out application in spying claim

A surveillance company has filed an application to strike out a claim brought by Dechert’s Neil Gerrard. Gerrard, who is instructing Enyo Law’s Edward Allen, alleges that hidden cameras were installed by surveillance company Diligence on his property and that investigators followed him on holiday to a private Caribbean island. This includes a combination of […]

Former Trowers real estate head decamps to Kennedys

Trowers & Hamlins has lost its former Birmingham head of real estate to Kennedys. Amanda Hanmore, who was in The Lawyer’s Hot 100 in 2019, will be Kennedys new head of real estate and construction after spending five years at Trowers. Last year, Trowers recruited real estate partner Fiona Thomson from DLA Piper, who in May 2020 […]

Linklaters diversity faculty

Linklaters unveils consultancy-style diversity offering for clients

Linklaters has set up an offering for clients wishing to obtain more guidance on diversity issues, such as the implementation of corporate strategies and training for boards. The initiative, which is being called the Diversity Faculty, is being run on the legal side by employment counsel Simon Kerr-Davis and practice development lawyer Laurie Ollivent, while […]

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