Reynolds’ triumphant return

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Latest Briefings

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

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Clifford Chance to cut City associates in response to ‘low NQ attrition’

Clifford Chance is set to axe a string of associates in London, in the latest sign that top-level firms are feeling the pinch from the economic downturn. The firm is in consultation with 13 City lawyers in the capital markets and finance practices, with the full number at risk of redundancy. The firm said the […]

Colin Passmore
4

Simmons expands core sector focus as part of three-year plan

Simmons & Simmons is adding asset management and investment funds to its list of core sectors as the firm prepares to embark on its latest three-year business plan. Simmons currently has four core sectors – energy and infrastructure, life sciences, TMT and financial services – but plans to introduce a fifth, which will be carved […]

CoA rejects Times journalist’s FOI bid into George Galloway fund

Barristers from 5 Essex Court and 11KBW have defeated opponents from 4-5 Gray’s Inn Square in the latest round of a Freedom of Information Act (FOI) row relating to former MP George Galloway’s Mariam Appeal. Journalist Dominic Kennedy of The Times was appealing an earlier High Court decision that found that the Charity Commission did […]

Amsterdam Court of Appeal: accepted jurisdiction on Converium case
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Class actions go Dutch

After the US barred certain mass securities cases, the Netherlands’ liberal attitude to jurisdiction is making it the hot destination for claims, says Joanne Harris Over the years the US has become a world capital for class action litigation, with a whole sub-sector of the legal market relying on mass claims for their livelihood. But […]

1

Trigger happy

The Supreme Court has today established that all employers’ liability (EL) insurance cover is triggered at the point of exposure to toxic materials that cause the asbestos-related disease mesothelioma rather than when the disease starts to develop. The ruling has been widely praised by the claimant community. Norton Rose partner Michael  Mendelowitz sums up the […]

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