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International Edition

4-5 Gray's Inn Square remains in business despite defections

4-5 Gray's Inn Square has confirmed that it will continue to exist as a set despite suffering a mass defection of more than two-thirds of its members in recent weeks.
2 minute read

International Edition

Aviva sues former Dewey chiefs over 2010 bond offering

US subsidiaries of UK insurance giant Aviva have filed a lawsuit against the three former leaders of defunct law firm Dewey & LeBoeuf relating to the firm's $125m (£77.1m) bond offering in 2010. The claim was filed against former Dewey chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders on Friday (14 December) in Iowa Southern District Court by Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York.
3 minute read

International Edition

Lord Phillips takes press reform role; Matrix, 5RB counsel advise papers

Former Supreme Court president Lord Phillips of Worth Matravers has been asked to advise on the establishment of a new press regulator, amid much scrutiny over the impact of Lord Justice Leveson's recommendations for media reform. Phillips has been asked by Press Complaints Commission (PCC) chairman Lord Hunt to work alongside former Labour culture secretary Lord Smith and Simon Jenkins, the former editor of The Times, to help devise the new regulatory body.
3 minute read

International Edition

CC picks up role advising Autonomy founder against HP claims

Clifford Chance is advising Autonomy founder Mike Lynch against allegations of financial impropriety and misrepresentation made by Hewlett Packard (HP), which acquired Lynch's software company last year for $11bn (£6.8bn). The magic circle firm also confirmed it is advising other former members of Autonomy's management. HP made the allegations in a press statement on 20 November, as it announced an $8.8bn (£5.5bn) write-down related to Autonomy in the fourth quarter of its 2012 fiscal year.
3 minute read

International Edition

Eastern agendas – the priorities of Asian in-house lawyers revealed

A window into the concerns and priorities of senior corporate counsel in China is provided in a new study conducted by the World Law Group (WLG), in conjunction with LexisNexis Martindale-Hubbell and ELD International. While the senior counsel participating in the Global Counsel Agenda 2012 study come from 30 countries worldwide, nearly 42% are based in Asia, with 20.4% in China (the questionnaire was provided in Mandarin).
8 minute read

International Edition

'Like something out of a movie' – key players recount the dramatic Berezovsky-Abramovich face-off

In 2009, a hacker known as 'Igor' managed to get hold of some highly sensitive documents that have gone on to play a crucial part in one of the most headline-grabbing disputes of recent times – Boris Berezovsky's multi-billion dollar battle with business rival and Chelsea Football Club owner Roman Abramovich. Igor delivered the documents to a flat in Sloane Square belonging to Abramovich where, in his absence, a servant opened the package.
17 minute read

International Edition

Davis Polk secures CC partner duo for Hong Kong litigation launch

Davis Polk & Wardwell has made a major double partner hire from Clifford Chance (CC) to launch a litigation practice in Hong Kong. CC's top-ranked Asia-Pacific litigation and dispute resolution head Martin Rogers and partner James Wadham are set to join Davis Polk's eight partner Hong Kong office, currently focused on capital markets and corporate matters.
2 minute read

International Edition

New online barrister portal launched in effort to harness direct access

A new scheme to promote direct access to the Bar through a centralised portal of barristers has been launched this month, marking the latest in a string of moves to increase direct instructions. myBARRISTER, the brainchild of former Shearman & Sterling partner Ronald DeKoven, is a new online service that will allow individuals to search for a barrister in their area, select one from a relevant practice shortlist and submit their claim, without the need for a solicitor.
3 minute read

International Edition

CC forms alliance with disputes boutique in Singapore

Clifford Chance (CC) has partnered with a newly formed Singapore disputes boutique to establish what the firm claims is the first full service, integrated legal practice in the region, under the banner of Clifford Chance Asia. CC received approval from Singapore regulators this week to form a Formal Law Alliance (FLA) with Cavenagh Law, allowing it to provide local litigation advice in addition to its current offering.
3 minute read

International Edition

Behind the headlines: lawyers weigh up impact of Leveson reforms on media work

After eight months, 300 witnesses and 2,000 pages, Lord Justice Leveson finally published his long-awaited report into the culture, practice and ethics of the press last week, calling for the biggest shake-up of media law in years. At the centre of the report is his recommendation for a new, tougher system of media self-regulation supported by legislative backing, with a statutory body such as Ofcom handed responsibility to monitor the press.
6 minute read

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