W&C raid adds to Gibson Dunn London hiring spree

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Latest Briefings

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

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 grant 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 […]

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CC’s US associates get pay rise; Brits will have to wait

Clifford Chance is the first UK-headquartered firm to raise its associate base salaries in America. A spokeswoman for the magic circle firm said there were no plans to match the salary raises for its associates in the UK. An internal memo to US-based associates from US managing partner Craid Medwick and New York-based litigation partner […]

Paul Weiss defends itself against $80m claim by ex-Citigroup exec

Paul Weiss Rifkind Wharton & Garrison is being sued to the tune of $80m (£40.25m) by a former Citigroup executive, who claims the firm breached conflict of interest rules. Paul Weiss advised Citigroup on its 2004 severance package deal with the former co-head of the bank’s private wealth management group David Trautenberg. The deal saw […]

Herbies helps Tata seal £6.7bn Corus deal

Indian conglomerate and Herbert Smith client Tata emerged triumphant in an eight-hour £6.7bn auction for Anglo-Dutch steelmaker Corus last night. The auction concluded a strung-out battle for Corus that pitched Tata against Brazilian miner Companhia Siderugica Nacional (CSN), advised by Macfarlanes. Corus instructed Slaughter and May, with partners Anthony Newhouse and Andrew Balfour on the […]

People

Bristol-based Bond Pearce has hired contentious regulatory associate Dale Collins from local rival Osborne Clarke. DLA Piper has promoted two associates to its partnership. They are Rocky Lee, a venture capital specialist in Beijing, and Tejinder Singh Mahil, an M&A specialist in Hong Kong. US firm Womble Carlyle Sandridge & Rice has hired Lawrence Norton […]

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