Glenn Newberry, head of costs at Eversheds, has commented following a Court of Appeal judgment regarding costs in the Andrew Mitchell v News Group Newspapers case. Newberry said: ‘The Court of Appeal has sent a clear message to practitioners that breaches of the rules will no longer be tolerated and sanctions introduced by the Jackson reforms, […]
Wragge & Co has released the November issue of its Finance Litigation Briefing, which reports on cases and issues including Forsta Ap-Fonden v Bank of New York Mellon and PGF II SA v OMFS Company 1 Ltd. Contents A fair view of the risk of default and loss must be given A reminder from the Court of Appeal […]
Following the introduction of the Jackson reforms in April 2013, many practitioners questioned just how strictly the courts would enforce compliance with the Civil Procedure Rules, practice direction and court orders post implementation. The first post-reforms Court of Appeal decision dismissing the ‘plebgate’ costs appeal in Mitchell v News Group Newspapers Ltd has just answered […]
Sydney-based media & technology lawyer Brett Farrell visits London’s Northbank where he finds a restaurant that has managed to bring Cornwall to London Northbank is a modern British restaurant tucked away on the City-side of the Thames embankment near the Millennium Bridge. It’s an easy walk over from the Tate Modern or nearby Blackfriars station. It’s […]
With the John McCririck age discrimination case hitting the headlines, Wragge & Co experts look at this case alongside other age discrimination developments this year. Contents It’s not your age, it’s just your personality Different redundancy entitlements based on age Failure to hire due to lack of insurance cover was unlawful age discrimination Different treatment […]
The Australian Securities and Investments Commission (ASIC) is proposing to update and broaden its current employee share scheme class-order relief and regulatory guidance in response to developments in market practice and the need for clarity. ASIC is proposing to expand the classes of financial products that can be the subject of an offer under an […]
Reed Smith, Allen & Overy and Clifford Chance were among firms advising on the restructuring of a £662m residential mortgaged-backed securitisation (RMBS) by Eurosail-UK 2007-5NP, originally arranged by Lehman Brothers. The transaction is the second UK Lehman RMBS deal to be effectively restructured to resolve the ‘broken swap’ issues since Lehman Brothers’ bankruptcy in 2008. […]
Ashurst was among a raft of firms that have secured advisory roles in Chinese state-owned group Aviation Industry Corporation of China (AVIC)’s €320m acquisition of German listed company KHD Humboldt Wedag International AG (KHD). The Chinese group, which already indirectly owns a stake in German industrial-plant builder KHD, has submitted a voluntary public takeover offer […]
When a good relationship turns sour there’s no telling where it could end up. Did Nigella Lawson think details of her alleged cocaine habit would end up headline news after her ex-husband apparently spilled the beans? Eversheds’ relationship with Newcastle International Airport (NIA) also turned sour when the airport held it responsible for landing it […]
Profits due to the highest-paid partner at Dundas & Wilson fell last year by 39 per cent, the firm’s LLP accounts have revealed. Whereas in 2011/12 the highest-paid LLP member received £454,955, last year this figure dropped to £278,774. The figure was lower for the highest-paid member of the firm’s London LLP, at £266,248, but […]
Linklaters’ top earning partner took home £2.3m last year – £300,000 less than the previous year, according to the firm’s annual LLP accounts. Partner numbers at the firm have been decreasing over the past five years and currently stands at 442, with 414 equity partners. On entering the equity, partners receive between seven and ten […]
Eversheds has been ordered to pay £2 in nominal damages to Newcastle International Airport (NIA) after the Court of Appeal (CoA) brought to an end a six-year court battle. Ordering the token payment the CoA said while the firm did not cause the airport any substantive loss, it did owe NIA a duty of care. […]