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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

Recommended

CC partners face extra year for rise

Partners at Clifford Chance may have to wait longer to be promoted to the top level of partnership within the new merged firm. It is believed that under the new regime it will take an extra year for partners to reach “plateau” level. At present a newly promoted junior partner can expect to reach that […]

In brief: The Director of the Office

The Director of the Office for the Supervision of Solicitors has given evidence at an industrial tribunal after being accused of overseeing a culture of racism while at the CPS. Peter Ross, formerly branch manager of the Bow Street offices of the CPS before joining the OSS three years ago, is accused of race and […]

PFI lawyers see good times ahead after Treasury announces u12bn injection

Private Finance Initiative lawyers are predicting a boom in work after the Treasury announced plans to treble PFI spending to u12bn. Nick Maltby, a partner and PFI expert at Pinsent Curtis, says: “New investments will mean more money for advisers so fees are going to be substantially higher.” Maltby says PFI lawyers were worried a […]

SIF bows to pressure from City

The Solicitors Indemnity Fund (SIF) has finally yielded to pressure from City firms to allow bigger “deductibles” on their SIF contributions. The climbdown, announced at last week’s Law Society council meeting, comes a year before the monopoly is to fold. Council members voted to let the 67 firms in the country that earn more than […]

International ruling lifts curse for Egypt investors

Lawyers are predicting an influx of UK investment into Egypt after the country’s government has been forced by an international body to recognise treaty rules on contracts for the first time. The International Centre for the Settlement of Investment Disputes (ICSID), affiliated to the World Bank, pushed a $60m claim by British hotel group Wena […]

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