Insurers are finally being dragged into line with the rest of the business world, with a consultation paper on contract law set to shake up the industry. Richard Evans and Tom Watkinson report On 17 July 2007 the Law Commission in England and Wales and the Scottish Law Commission released the first consultation paper of […]
The Companies Act has placed greater weight on directors’ liability in shareholder claims. Anthony Menzies reports on how the D&O insurance market is set for a boon As in so many things, the leading market for directors’ and officers’ (D&O) insurance protection historically has been the US, where directors of publicly quoted companies can expect […]
Insurers stand to lose more than most if the predictions on climate change hold true. Ashley Prebble and Natalie Perkin report on the industry’s response to the scientific evidence Scientific consensus on climate change presents us with the stark reality of a serious global problem. Whether one accepts that the problem is caused by carbon […]
The ongoing extraordinary review of failed tube operator Metronet is to have a significant impact on London Underground Limited’s (LUL) periodic PPP contract review (www.thelawyer.com, 24 September). Last week, as part of the extraordinary review of Metronet’s £2bn cost overrun, PPP arbiter Chris Bolt ruled that the operator could have claimed between £140m to £470m […]
The police raided the Glasgow office of HBJ Gateley Wareing yesterday (4 October) for a £30m stolen Leonardo da Vinci painting and arrested one of the firm’s partners. Glasgow-based corporate partner Calum Jones was taken away by Dumfries and Galloway Police along with three men from Lancashire. The police moved to intercept a meeting at […]
JC Flowers has confounded expectations by turning to Herbert Smith for advice on its approach to beleaguered mortgage lender Northern Rock. Corporate partner Anthony Macaulay is reportedly leading the Herbert Smith team for the US private equity house, which is yet to make a concrete offer for Freshfields Bruckhaus Deringer client Northern Rock, although it […]
Football League chairman Lord Mawhinney has hit out at the lack of legal integrity in football players’ contracts. Speaking at a conference held by the British Association of Sports and the Law today, Lord Mawhinney said that few clubs and agents have respect for the contracts of their players. “I have lost count of the […]
Mayer Brown has set up a global financial services regulatory and enforcement practice group made up of 50 lawyers across the firm’s London and US offices. Jointly headed by Washington partners Scott Anenberg and Charles Horn and New York partner Michael Butowsky, the group will focus on regulatory, enforcement, litigation and policy matters for financial […]
White & Case has strengthened its New York capital markets practice with the hire of Linklaters partner Adele Hogan. Hogan, who leaves the magic circle firm after two years, joined Linklaters when the firm went on a hiring spree in 2005 in a bid to ramp up its New York capabilities. She was one of […]
Clifford Chance is the latest heavyweight firm to land a key role in the Northern Rock saga. The magic circle firm is advising the Bank of England. Clifford Chance is advising the Bank of England, which guaranteed an emergency facility for Northern Rock in the wake of the credit crunch. It is understood that Clifford […]
The European Commission (EC) has approved the mega-merger between Japan’s Sony and Germany’s Bertelsmann for the second time in three years. Today’s decision by the EC comes after a second investigation was launched in January into the merger that has created the world’s second-largest music firm, the joint venture Sony BMG, co-owned by its two […]
Clifford Chance has retaliated to Salans’ Warsaw raid by poaching a real estate lawyer from the latter’s Bucharest office. Perry Zizzi, a partner with Salans in Prague and Bucharest for the past four years, has joined Badea Asociatii in association with Clifford Chance to work alongside real estate and M&A head Nadia Badea. Last week […]