Another partner from Milbank’s financial restructuring team is set to leave the firm, this time joining Allen & Overy ahead of its merger with Shearman & Sterling. Karen McMaster is the latest partner loss from Milbank following last month’s news of a structured finance team led by partner John Goldfinch moving to Allen & Overy, soon […]
Mammoth SKAT case finally hits Commercial Court for longest-ever hearing The Danish Customs and Tax Administration (SKAT) begins its trial in the Commercial Court today (15 April), marking what is due to be the longest scheduled hearing in the Court’s history. One of The Lawyer’s Top 20 Cases of 2024, the 12-month trial will tackle […]
The Competition Appeal Tribunal (CAT) has refused to grant Sports Direct an injunction that would force Newcastle United Football Club to supply it with replica kit, following a hearing on Tuesday. Newcastle United, defended by Northridge partner James Eighteen, granted exclusive retail rights for its kit to competitor JD Sports from next season. However, Sports […]
Apple has failed to have a nearly £800m class action brought against it thrown out, following a hearing before the Competition Appeal Tribunal (CAT) in January. The opt-out claim is brought by class representative Dr Sean Ennis on behalf of around 1,500 app developers in the UK. He has instructed Geradin Partners’ partners David Gallagher […]
The Commercial Court has dismissed the lion’s share of a negligence claim brought against Clyde & Co, two XXIV Old Building barristers and offshore firm Harney Westwood & Riegels in a judgment handed down today. The claim, brought by Emirati businessman Riad Al Sadik in 2021, alleged that the three legal outfits failed to properly […]
Burges Salmon has recently been grappling with a succession issue – just not the challenge firms typically face.
This week on Spotlight, we take a look at the global investigations, white collar and fraud (IWCF) practice group at Hogan Lovells. Hogan Lovells’ investigations, white collar and fraud practice: Globally, the practice group holds over 120 lawyers and operates in the UK, the US, Germany, Spain, France, China, Indonesia, Singapore, Australia, Mexico and Brazil. Many lawyers […]
The world’s largest asset manager, BlackRock, has had its appeal for tax relief dismissed following a hearing against HM Revenue and Customs (HMRC) in March. The appeal concerned the complex structure that BlackRock, represented by Simmons & Simmons’ partner Heather Rowlands, had used to buy Barclays Global Investors (GBI) for $13.5bn in 2009. In the […]
Kirkland & Ellis and Reed Smith have taken leading roles in the settlement of the UK’s first “implementer-led” Fair, Reasonable and Non-Discriminatory (FRAND) action. The settlement was reached on 4 April and decided via a Tomlin Order, rendering the details of the parties’ settlement confidential. A first instance trial was set to heard tomorrow (12 […]
Two Swiss powerhouses have collaborated to offer their in-house legal teams a two-way secondment programme. Private bank UBS and insurer Zurich Insurance have agreed to swap two secondees each for a three-month placement. Intakes happen in the spring and autumn of each year, meaning that four secondment swaps occur per year. The programme is spearheaded […]
Linklaters has lost two partners today, with Paul Weiss Rifkind Wharton & Garrison being the latest to swipe an M&A hire from the magic circle firm. Matthew Hearn has joined Paul Weiss in London as a partner in the corporate department. Hearn has spent just over 10 years with Linklaters, which is where he completed […]
European bank Société Générale has lost its general counsel after 17 years at the business. Sarah Linstead has announced that she has left the bank for financial services firm TP ICAP as general counsel for EMEA. Lindsay Sides, chief operating officer in the London legal department at Société Générale, has stepped up to fill the […]