Reed Smith recruits Herbies’ facilities boss

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A borrower can now challenge symbolic possession under the Sarfaesi Act

The Hon’ble Supreme Court (SC), in its recent decision in the matter of M/s Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh [(Civil Appeal No 10873 of 2018 along with Civil Appeal No 10874 of 2018)] (Appeals) held that a borrower can prefer an application under Section 17 (1) of the Securitization […]

New law on validity of wills in Cayman

By Anthony Partridge, Fraser Allister The Cayman Islands’ Formal Validity of Wills (Persons Dying Abroad) Law, 2018 came into effect on 1 February 2019. The law is important to people who own shares in Cayman Islands companies or have interests in Cayman Islands investment funds for example, and offers far greater flexibility for international clients who wish […]

Brexit worries drain confidence in EU reference procedure

In a legal first, Brexit prevents High Court from clarifying if it has jurisdiction in a human rights claim against the EU. The Kosovo victims of serious human rights abuses from two decades ago bring damages claims against the EU. On 13 February 2019 the High Court in the case of Tomanovic v EU [2019] […]

Litigation funding 2019 – United Arab Emirates

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UK promotions down at DLA Piper

DLA Piper has cut the number of UK lawyers being promoted to its partnership by 20 per cent in the latest round, with 16 making the grade compared to 20 in 2008. There were eight new partners created in London, the lowest figure in three years and down from 12 last year. In Manchester, where […]

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Going solo

This is written for the benefit of all lawyers out there chewing their nails to bits or having panic attacks over their employment situation. Whether you have been made redundant or fear redundancy may be coming, here is my story and how I have coped with the doom and gloom of the economic crisis and […]

CC, O’Melveny help raise £2bn for Actis

Clifford Chance and ­O’Melveny & Myers jointly advised emerging markets ­private equity house Actis on a $2.9bn (£1.99bn) fundraising for Actis Emerging Markets 3. Partners Jason Glover and Ed Gander and associate Peter Olds led the ­Clifford Chance team. ­O’Melveny & Myers was led by UK partners John ­Daghlian and Solomon Wifa and included US […]

Cadwalader profits plummet 30 per cent

Profits at US firm Cadwalader Wickersham & Taft plummeted 30 per cent in the 2008 calendar year, with average profit per equity partner dropping from $2.72m in 2007 to $1.88m. Over the same period revenues dropped by 13.8 per cent, from $587m at the end of 2007 to $506m in 2008. The figures come at […]

Law firm trio wins shard of glass deal

Eversheds, Norton Rose and Rosenblatt Solicitors have snared the key roles in a deal to secure a new funding package for the construction of Europe’s tallest building, the Shard of Glass at London Bridge. The loan was provided by Qatari Diar, which is owned by the emirate’s sovereign wealth fund, and was advised on by […]

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