Tulkinghorn: Carrott and stick

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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 […]

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Law Society to students: legal career may be too risky

The Law Society is set to launch a campaign warning students to think twice about embarking on a career in law. The information campaign will target university and secondary school students, and contain information about the cost of legal training as well as the shrinking number of training contracts of offer. According to the Law […]

1

Clifford Chance, Freshfields win key roles on Porsche’s VW merger

Clifford Chance, Freshfields Bruckhaus Deringer and Hengeler Mueller have picked up lead roles advising on the merger of German car companies Volkswagen (VW) and Porsche. Wolfgang Richter Clifford Chance, led by Frankfurt partners Wolfgang Richter and Johannes Perlitt, is advising its long-standing client VW. The instruction comes after Richter last year advised the company on […]

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Schillings, Akin Gump team up in the US

Schillings has teamed up with US firm Akin Gump Strauss Hauer & Feld to tackle the issue of enforcing UK court orders in the US. Simon Smith Schillings partner Simon Smith and founding partner Keith Schilling are meeting in-house counsel in the US in September alongside Akin Gump white-collar crime partner Mark MacDougall to discuss how and […]

A case in point

Having undoubtedly proven itself to be one of the world’s pre-eminent financial centres, the British Virgin Islands are a striking benchmark of the global economic downturn. By Andrew Willins The British Virgin Islands (BVI), with Tortola, the largest of the islands, only 12 miles long and three miles across, is scarcely detectable on an atlas. […]

CC structured finance partner latest to defect as UK firms face tough time in Italy

Former Clifford Chance Italy co-managing partner Luigi Chessa has left the magic circle firm. It is not yet clear which firm Chessa will be joining, with speculation in the ­Italian legal market ­focusing on whether the high-profile securitisation partner will opt for an ­international or a local firm. One local partner said: “Chessa has a good client […]

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