On 30 September 2013, Russia’s president signed into law Law No. 268-FZ, which amends the Tax Code, the Customs Duties Law and the Continental Shelf Law, with the aim of providing incentives for hydrocarbon production at subsoil sites situated within the following boundaries: inland seas and/or territorial waters of the Russian Federation; and/or the continental shelf […]
On 24 October 2013, the Federal Reserve, followed on 30 October by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), released a proposed rule that would apply a Liquidity Coverage Ratio (LCR) to certain US banking organisations. Currently, US banking regulations do not impose a quantitative liquidity requirement on […]
On 15 October 2013, the Office of Fair Trading (OFT) launched a study into the market for the supply of information and communications technology (ICT) to the public sector. Following a call for information in July of this year, the OFT concluded that there are a number of areas in this market that merit further […]
King & Wood Mallesons SJ Berwin (KWMSJB) has seen the first partner departure following its merger last Friday, with London real estate partner David Ryland leaving to join Paul Hastings. Ryland, who has been in partnership with legacy SJ Berwin for 25 years, has joined Paul Hastings’ London office as a partner. His practice focuses […]
SJ Berwin has tied the knot with King & Wood Mallesons and will shortly be losing the famed Berwin brand. What will the deal do to the London firm’s culture? View our exclusive video interview with senior partner Stephen Kon, below SJ Berwin chief on merger with King & Wood Mallesons: “The world has changed” […]
Clifford Chance has kicked off the nominations process for the London managing partner elections ahead of the end of David Bickerton’s term in December. No date has been set for the vote but it is understood that the nominations committee has begun the ‘soundings’ process for candidates with partners invited to nominate themselves or put […]
Manches went into administration two weeks after HM Revenue & Customs (HMRC) issued a notice of action after the firm paid just £90,000 of a £715,000 tax bill, The Lawyer can reveal. Penningtons ended up paying £500,000 for the business despite originally setting out for a merger of equals (24 September 2013), unaware that the firm’s cash […]
One of the government’s leading lawyers, HM Revenue & Customs (HMRC) general counsel Anthony Inglese, is to retire. Inglese has headed the 200-strong legal team at HMRC since March 2008 having spent his entire 38-year legal career in public service, after joining the civil service in 1975 to train as a barrister. Before taking up […]
Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers Royal Dutch Shell is no stranger to legal challenges. With a top line of $467bn (£290bn), operations in around 70 nations and estimated production levels of oil and gas equivalent to 3 million barrels a […]
Solicitors have called for a no confidence vote in the Law Society’s senior team, accusing Chancery Lane of “appeasement and abject surrender” over government proposals to slash legal aid rates. A senior Liverpool-based criminal law specialist is to submit a petition on Monday calling for an extraordinary general meeting of the society at which there […]
The Royal Shakespeare Company (RSC) has handed interim general counsel Marina Zain the position on a permanent basis. Zain has spent six-months as interim general counsel succeeding actress and general counsel Caroline Barnett who took up the “dream job” in 2008 after an editorial position at Reuters in the ’90s (20 October 2008). The board-treading role is […]
Remember the depths of the economic gloom back in 2009, when barely a week went by without a law firm announcing big redundancies? Merger activity plummeted, the real estate market ground to a halt and, while there were plenty of predictions of a slew of disputes, there just wasn’t the money around to pay the litigators. […]