The answer, following the Privy Council decision in Caribbean Steel Company Ltd v Price Waterhouse (a Firm) [2013] UKPC 18, is very fundamental. Caribbean Steel (Steel) brought a claim against Price Waterhouse (PW) in Jamaica for an alleged negligent valuation of Caribbean Cable Company Ltd (Cable). Steel alleged it relied on this valuation for the […]
King & Wood Mallesons SJ Berwin’s (KWMSJB) City corporate head Steven Davis is to stand down after seven years in the position with legacy SJ Berwin. Partners Michael Goldberg and Richard Lever will succeed him as the London corporate group co-heads. Managing partner Rob Day said: “Steve’s done a couple of terms as London head […]
One of the amendments brought in by the Jackson reforms is the additional payment of up to £75,000 to be made to a claimant by the losing defendant if a claimant makes an offer under Part 36 of the Civil Procedure Rules (Part 36), which it then beats at trial. Such a payment is to […]
In Halsey v Milton Keynes General NHS Trust [2004] EWCA Civ 567, the Court of Appeal held that the court should not compel parties to mediate; however, a refusal to engage in alternative dispute resolution (ADR) could amount to unreasonable conduct and expose a party to cost penalties. The court has taken this principal further […]
Richard Matthews, head of product liability at Eversheds, has said that the sentencing of Jean-Claude Mas for his role in the PIP breast implant saga represents a ‘significant milestone’. He said: ‘The sentencing of Jean-Claude Mas represents a significant milestone in the PIP breast implant saga, which began with the discovery of discarded containers of industrial […]
Kennedys and Scottish firm Simpson & Marwick have called off their planned merger, citing “complex reasons”. The firms issued a joint statement today (11 December), six weeks after postponing the original merger date of 1 November (25 October 2013). In the statement, the firms said: “Both firms and their partners hold each other in the […]
Hogan Lovells is gearing up for a change of leadership as co-CEOs Warren Gorrell and David Harris prepare to step down next June and the firm abolishes its dual-headed management structure. They will be replaced by US co-head of litigation Steven Immelt, who will become the firm’s sole CEO. Global head of finance David Hudd […]
Trowers & Hamlins has seen £10m wiped from its operating profit over the last twelve months and the firm took out a £3m overdraft facility, its LLP accounts for 2012/13 reveal. Operating profit fell from £28.4m in 2011/12 to £18.8m in 2012/13, while revenue dropped 3.6 per cent, the filings at Companies House show. Group […]
BREAKING: Wragges and Lawrence Graham sign merger deal The Serious Fraud Office (SFO) is not being taken seriously. One of Britain’s biggest corruption trials collapsed yesterday, with the fraud agency blaming the withdrawal of key witnesses – two of whom are partners from US firm Akin Gump – on the sudden end to the case. […]
Wragge & Co and Lawrence Graham (LG) are to finally merge after partners voted in the move on Monday, creating a £170m firm under the name Wragge Lawrence Graham & Co. The two firms started speaking in 2009, when Wragges began drawing up a list of London merger targets as it looked to invest £20m […]
Ashurst’s former global corporate head Stephen Lloyd is set to join Allen & Overy (A&O) as co-head of its private equity sector group. He will head the sector alongside the firm’s global leverage finance chief Tim Polglase and corporate partner Karine Kodde, who are based in London and Amsterdam respectively. The move will cement ties […]
The Hogan Lovells team which recently jumped ship to launch a German office for Morrison & Foerster (MoFo) has won its first M&A instruction since moving, advising Axel Springer on the acquisition of 24-hour news station N24 Media. Partners Christoph Wagner and Hanno Timner are leading MoFo’s advice on the transaction, announced on Monday (9 […]