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International Edition

White & Case and A&O lead on Irish bank recapitalisation dispute

White & Case and Allen & Overy (A&O) are advising on a dispute between the Bank of Ireland (BoI) and a group of investors over a proposed debt-for-equity conversion. The move, part of a 'burden-sharing' move by the Irish Government to spread the costs of its bank recapitalisation plan, has seen White & Case instructed by a committee of bondholders which includes Appaloosa Management, Varde Partners, QVT Financial and Marathon Asset Management.
2 minute read

International Edition

Racing tigers: Hong Kong steps up the battle with Singapore to claim Asia's arbitration crown

A new ordinance coming into force this month aims to make Hong Kong's arbitration regime simpler and more flexible. It harmonises domestic and international arbitration and brings the framework up to date with the United Nations Commission on International Trade Law (UNCITRAL) Model Law, which sets the standard for national arbitration laws. It is also aimed at 
helping Hong Kong keep up with another former British colony: Singapore.
5 minute read

International Edition

Dealmaker: Ted Greeno

The non-spiky Herbert Smith litigator on the intellectual capabilities of small dogs...
4 minute read

International Edition

Bar regulator puts forward plan to double barristers' CPD hours

Barristers could see their required continuing professional development (CPD) hours doubled following a review by the Bar Standards Board (BSB). The BSB opened a consultation today (6 June) following a 16-month review, with issues up for debate including a recommended rise in the required number of CPD hours for barristers from 12 to 24 per year.
2 minute read

International Edition

Kennedys enters Brazil market with new LatAm association

Kennedys has launched a presence in Brazil through an association with local firm Torres Marcellino & Associados (TM Law). The new association went live on 1 June and gifts the firm its second presence in South America alongside Chile, where it has an association with domestic player Acuna & Cia.
2 minute read

International Edition

Hogan Lovells recovers Grierson money and reports matter to police

Hogan Lovells has reported former litigation partner Christopher Grierson to the City of London Police for allegedly defrauding the firm of £1m in false expenses claims, it has been confirmed. The firm notified the police of the alleged fraud within the last 48 hours. Grierson, who is best known for working on the high-profile BCCI litigation, has repaid the full amount to the firm over the last two days.
3 minute read

International Edition

Former GTM partner files contract breach claim against firm

Former Greenberg Traurig Maher (GTM) partner Andrew Croxford is taking the firm to an employment tribunal for breach of contract. Croxford, a banking partner who joined GTM from White & Case in 2009, filed the claim with the London Central Employment Tribunal on 16 February 2011, with 
the hearing due to be held 
in September.
2 minute read

International Edition

Alien encounters - global companies must be wary of the controversial US Alien Tort Claims Act

In recent years, non-US plaintiffs have increasingly turned to American courts – and a rarely used statute called the Alien Tort Claims Act (ATCA) – in an attempt to hold multinational corporations liable for their alleged responsibility for conduct committed outside the US by others, including genocide, torture, war crimes and other human rights abuses. Recent US court decisions, including an important ruling by a federal appellate court in New York, have signalled what may be a sharp restriction on the ability of plaintiffs to stretch the ATCA to cover alleged violations of international law by corporate defendants. These decisions, however, are far from uniform in their treatment of corporate defendants, strongly suggesting that corporations remain at substantial risk of being hauled to the US courts for alleged human rights abuses committed by others outside the US.
5 minute read

International Edition

Class war, Euro style - the controversial push for tougher collective redress

Once thought of as a purely US phenomenon, class actions, otherwise known as collective redress, have spread rapidly around the world over the last decade. Despite this, the actual system adopted – where there is one – varies enormously. Some countries, such as France, have an objection on public policy grounds to opt-out regimes ('opt-out' being where all potential claimants are bound by a collective redress decision, regardless of whether they ever participate in the proceedings, unless they have expressly chosen to opt-out).
8 minute read

International Edition

Herbert Smith Paris partner trio join A&O as disputes chief quits new role

Allen & Overy (A&O) has hired a three-partner dispute resolution team from Herbert Smith in Paris, including the firm's newly-appointed head of disputes for Continental Europe, the Middle East and Africa (CEMEA), Denis Chemla. Chemla is set to join A&O's Paris office alongside arbitration partner Michael Young and litigation partner Erwan Poisson to launch a full service disputes practice for the magic circle firm.
2 minute read

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