Gibson, Dunn & Crutcher partner Peter Gray was found to have deliberately misled the High Court regarding evidence presented in a case between the Republic of Djibouti and Abdourahman Boreh, one of the African country’s wealthiest citizens. In a ruling handed down last month, Justice Flaux said: ‘I find that Mr Gray engaged in a …
Continue reading “Gibson Dunn partner suspended after misleading High Court”
Less than a year after Lloyds floated TSB Bank, Linklaters, Allen & Overy (A&O) and Herbert Smith Freehills (HSF) all secured instructions on its high-profile takeover by Spain’s Banco Sabadell. Taxpayer-backed lender Lloyds Banking Group formalised the 340p-a-share offer in March and agreed to sell its 50% stake in TSB. The deal values TSB, which …
Continue reading “Links, A&O and HSF win roles on Sabadell’s £1.7bn TSB takeover”
The trend of foreign money flowing into the UK real estate market continued last month. This time the investment came from Canada and saw a raft of Legal Business 100 and international law firms pick up advisory roles. Nabarro, Clifford Chance (CC), Pinsent Masons, Morgan, Lewis & Bockius, Dechert and Canadian firm Stikeman Elliott won …
Continue reading “Cross-border £1.1bn Liberty Living deal sees raft of firms pick up mandates”
Rising transactional activity has given European firms in the City renewed confidence but playing in London remains a tricky game. In April 2014, Iberian leader Cuatrecasas Gonçalves Pereira moved into empty London office space rented out by its French ally Gide Loyrette Nouel as part of the development of the firms’ referral alliance established two …
Continue reading “Game theories – many approaches as European firms tackle the City”
Co-operative Group Legal Services (CLS) has seen its revenue decline by almost a third to £23m in 2014 from £33m in 2013 due to a drop in ‘personal injury income following regulatory changes to referral fees’.
Having just announced its combination with Chinese firm Dacheng in January, a deal which will establish a 6,600 lawyer giant operating under a Swiss verein structure, Dentons has moved to bolster its US capabilities with a combination with Atlanta-based McKenna Long & Aldridge.
In a move to boost diversity within judicial ranks, the judiciary has begun piloting a new initiative to allow candidates from ‘non-traditional backgrounds’ to apply for positions as deputy High Court judges without gaining judicial experience first.
Ashurst has this morning (8 April) announced its 20-strong partner promotion round, which will take effect from 1 May 2015, with 45% of the new partners female while Macfarlanes reduced round of five comprises 40% women.
Clifford Chance and Travers Smith have taken lead roles advising on the £3.4bn dispute between Hewlett-Packard (HP), and Autonomy founder Michael Lynch and its former chief financial officer Sushovan Hussain regarding allegations of fraudulent accounting.
After shutting down its Kiev operations last summer, Chadbourne & Parke has boosted its presence in Russia with the hire of energy partner Andrei Baev from Berwin Leighton Paisner (BLP) as Moscow managing partner.
