The Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC) circulated a draft version of its new arbitration rules in September 2013. The new ADCCAC rules have now been issued in final form and are effective from 20 October 2013. The new ADCCAC rules are likely to be seen as a positive step that is in […]
DLA Piper has moved its New Jersey office from Florham Park to the Class A office building at 51 JFK Boulevard in Short Hills. The law firm will occupy more than 21,000ft² (1,950m²) of office space on the first floor of the building, which also includes KPMG and Merrill Lynch Wealth Management as tenants. The […]
The Alternative Investment Fund Managers Directive (AIFMD) has now been in force for more than two months and funds and their advisers are coming to terms with the new AIFMD regime in Jersey. The new AIF codes contain provisions regarding the disclosure of side letters. This represents a departure from market practice in certain sectors […]
By Jaime Moore On 22 October 2013, the Office of Fair Trading (OFT) announced that it has launched a call for information concerning undergraduate higher education provided by universities and other institutions. As a result of recent reforms in the higher-education sector, an ever-increasing amount of universities’ funding comes directly from students. The OFT is keen […]
One of the world’s worst-kept secrets (ok, some slight over-egging there) was let out of the bag last week when Linklaters private equity partners Richard Youle and Ian Bagshaw resigned for White & Case. And frankly, it was always going to be a US firm that snared the pair. It’s understood that both of them […]
Slater & Gordon’s bid to take over the entire consumer services legal market looks to have hit delays, with talks with Pannone bedevilled by internal debate. Can the Anglo-Australian juggernaut swallow up the Manchester firm without too much fallout? Pannone takeover by Slater & Gordon hits delays as partners rebel Another Mancunian merger for Slater […]
Occupancy costs, including rent and maintenance, are often the second highest cost on the P&L statement and are higher still when taking on a new lease or purchasing an office. For law firms, the working environment is critical not just for the client experience but also for staff attraction and retention. Risk profile, total investment, […]
The long-standing general counsel of French oil giant Total SA, Peter Herbel, is to retire in December with oilfield services heavyweight Maarten Scholten stepping into the role. Herbel is standing down after nine years as senior vice president and general counsel of Total SA, parent company to Total, the fifth largest oil and gas group in the […]
Local law firms in Asia, with the exception of those in Australia, demonstrate virtually no appetite for social media communication, research by benchmarking company Living Ratings has found. The findings are the result of research into the social media trends of 60 firms, both international and local, in three jurisdictions, Australia, Hong Kong and Singapore. […]
Boodle Hatfield, which has the most expensive offices of this year’s UK200 firms, has confirmed that it is to move to new offices in London’s Bankside, with the firm’s flagship premises set to open in July 2014. The firm, which specialises in acting for wealthy individuals, families, property owners and businesses, is taking 24,000 square […]
Brown Rudnick, Latham & Watkins and Cooley have advised billionaire Mark Cuban regarding an insider trading complaint brought by the US Securities and Exchange Commission (SEC) which the basketball team owner has now won. Cuban, who owns the Dallas Mavericks, was cleared by a Texas jury last week after he was accused of committing insider trading […]
Eversheds has announced an expansion of its Middle East operations with the opening of a second office in Iraq, located in Erbil, Kurdistan region. The opening of the Erbil office will mark the opening of Eversheds’ seventh office in the Middle East. The firm already has a strong foothold across the region with existing offices […]