All the latest partner hires and other appointments within Continental European firms and offices. Central & Eastern Europe Clifford Chance Badea has appointed Loredana Ralea as counsel. Ralea has previously worked at firms including CMS and Gide Loyrette Nouel. She focuses on corporate law. Austrian firm Binder Grösswang has promoted banking and finance lawyer Stephan […]
Herbert Smith Freehills (HSF) has added Deutsche Bank’s compliance, government & regulatory affairs chief Andrew Procter to its financial services regulatory practice. Procter will join the firm’s London office in June, stepping away from an in-house career that previously saw him head up the enforcement division of the UK Financial Services Authority. He joined Deutsche Bank […]
The BBC is to hire three legal services apprentices to join its in-house legal team in London, making it the latest organisation to throw its weight behind legal apprenticeships. The spots will be open to school leavers starting in September 2014 and the two-year Advanced Apprenticeship course will include elements from the new Chartered Institute […]
The Paris bar’s disciplinary body has thrown out a complaint brought by Mayer Brown against a lawyer alleging the firm had been exaggerating the number of partners it had in France. Mayer Brown’s complaint was brought against Avi Bitton, a former Clifford Chance lawyer who has since become a campaigner for the rights of associates […]
After wondering whether to be or not to be, the Royal Shakespeare Company (RSC) has decided to challenge firms to a battle of wits. With mirth and laughter old wrinkles may come, as partners wrestle for a spot on RSC’s first-ever panel. It might play out like so. As the curtains rise, the eager contender […]
This note summarises the attractions of the Cayman Islands for prime brokers wishing to establish a prime brokerage business outside their home jurisdictions and it highlights the key Cayman issues that need to be addressed when setting up such a business in the Cayman Islands. The Cayman Islands are so well entrenched as the leading […]
By Andrew Northage In late December 2013, the Financial Conduct Authority (FCA) fined JLT Specialty £1.87m for failings in its anti-bribery controls in relation to overseas introducers that had assisted it to win and retain insurance business. The fine was reduced from more than £2.68m as a result of JLT agreeing to an early settlement. […]
In re F concerned a Jersey trust administered in Guernsey. This judgment deals with the in-camera element of a complicated piece of litigation involving a complex trust structure with a substantial portfolio of investments. The parties to the litigation included the trustees of the trust (the current trustee), the protector, the former trustees of the […]
The recent judgment in the Guernsey case of (Investec & ors v Glenalla & ors) deals with the risks faced by the trustees of an insolvent trust. There were two sets of proceedings in this case, known as Guernsey 1 and Guernsey 2. Guernsey 1 was the main claim, which took place in open court. […]
The Court of Appeal has decided that rent accruing during a period of administration should be treated as an expense of the administration, irrespective of the date on which it falls due for payment. Administration expenses are paid by administrators in priority to liabilities owed to holders of security. The decision in Jervis v Pillar […]
The employment litigation landscape is changing at a rapid pace. To understand readers’ practical experience of the reforms to the Employment Tribunal process implemented last year and opinion on the likely impact of 2014’s planned reforms, Eversheds invited recipients of its e-briefs to provide their thoughts on the introduction of fees in the Employment Tribunal; the […]
Prize promotions are an effective and increasingly popular marketing tool used globally for attracting customers. The internet and various social media platforms make this an attractive, cost-efficient means of reaching a large, multi-jurisdictional customer base, but it is not without its legal challenges. This handbook is designed to equip clients with a useful tool to […]