The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010. The case, brought by the joint liquidators, Chantrey Vellacott partner Adrian Hyde and PricewaterhouseCoopers partner Edgar Lavarello, is […]
It’s been a month of banking fines and heavy-hitting probes but it looks like the tension wasn’t just between the banks and the regulators. Last week Bird & Bird was replaced by Flagdate on the mammoth £4bn RBS shareholder battle over a 2008 rights issue last week after a disagreement over fees. The firm was […]
The first Brics expo was held on 29–31 October 2014 in Kimberley, the capital of Northern Cape Province, South Africa. Two partners from Africa Legal Affairs Center (ALAC) of King & Capital Law Firm, Edward Huang and Joe Zhou, attended the exhibition. Northern Cape is the largest province of South Africa, accounting for about 29.7 […]
Worcestershire Royal Hospital has put in place new systems and procedures following the death of a cancer patient who accidentally received an extra dose of chemotherapy. An inquest into the death of 76-year-old retired metal worker Derek Marks heard that a clerical error saw him receive seven rather than six doses of chemo at the […]
Addleshaw Goddard’s turnover for the first half of 2014/15 was up 11 per cent on the same period the previous year, rising from £82.5m to £91.8m. It is the first time Addleshaws has reported revenue growth at the half year since the period up to 31 October 2011/12, when it reported revenue of £86.6m – […]
Not-for-profit legal group ClientEarth has won a ruling at Europe’s highest court, enabling it to pursue the UK Government for breaches of EU air quality standards in the Supreme Court. The Court of Justice of the EU (CJEU) ruled that national courts can force governments to comply with EU rules and empowered the UK courts […]
Nabarro and Goodwin Procter were key advisers on the £204.3m purchase of assets including Telegraph Media Group’s London headquarters by Kennedy Wilson Europe Real Estate from Kish Holdings. The transaction completed on 11 November and was handled on the vendor’s behalf by Green Property Ventures, which manages the 227,000 sq ft property at 111 Buckingham […]
Creative and aggressive – are these the qualities needed to win a spot on a big bank legal panel? Apparently so, according to JP Morgan Chase. The US banking giant has kicked off its latest legal panel review, contacting relationship partners at its existing panel firms (see full story here). But it has also set […]
Regulatory and investigation work has become the backbone of many City firms’ litigation practices. As the stories below demonstrate, the high-profile mandates involving the high street banks are largely being dominated by a handful of law firms. Slaughters prepares for FCA battle over insurance probe leaks Clifford Chance, Freshfields, HSF and Linklaters on £2.6bn FCA […]
JP Morgan Chase has launched its latest panel review, having warned firms they will have to cut rates by at least 2 per cent to qualify. The bank is also understood to have made specific overtures to some firms including Clifford Chance about the possibility of deepening relationships in the New Year, when the roster […]
Addleshaw Goddard is understood to be advising Morgan Lewis & Bockius on its hire of 227 Bingham McCutchen partners, with the latter opting to dissolve rather than seek another buyer. Months of negotiations between Morgan Lewis and Bingham led to an unexpected outcome last Friday. After Bingham partners voted in favour of a merger that […]
Clifford Chance is advising the Royal Bank of Scotland (RBS) as it prepares for another round of fines from the Financial Conduct Authority (FCA), this time in relation to a 2012 IT meltdown. The investigation due to complete any day is the latest in a string of major banking investigations run by the FCA, and […]