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International Edition

Managing risk for occupiers, guarantors and assignments - Legal Week risk management Q&A in association with Nabarro

In this video, Nabarro real estate dispute resolution partner Nick Lloyd talks to Legal Week editor-in-chief John Malpas about managing risk for occupiers, guarantors and assignments.
1 minute read

International Edition

WikiLeaks and the arrest of Julian Assange - the legal background

WikiLeaks founder Julian Assange was arrested yesterday (7 December) and refused bail after a hearing at Westminster Magistrates Court. He was not arrested in relation to the whistle-blowing website WikiLeaks, but rather on suspicion of having sexually assaulted two women in Sweden. His lawyers have said that "many believe" the arrest was politically motivated.
5 minute read

International Edition

Speechlys seals court win for Elle Macpherson in dispute with insolvent bank

City firm Speechly Bircham has helped supermodel Elle Macpherson to secure victory in a court dispute involving liquidated bank Kaupthing Singer & Friedlander (KSF). Macpherson had taken KSF's liquidators to the Isle of Man High Court, after they refused her request to 'set off' deposits she had with the bank against money owed by her Isle of Man nominee company to KSF for a mortgage on a London house.
2 minute read

International Edition

Litigation & Regulatory Team of the Year

Herbert Smith wins Litigation and Regulatory Team of the Year thanks to its work securing British Sky Broadcasting (BSkyB) damages of at least £272m from EDS following the botched installation of a customer relationship management (CRM) system. The firm was originally instructed by BSkyB in 2002, shortly after EDS was removed from its role as systems integrator. The challenge was to overturn a liability cap arranged at the outset of the deal that limited EDS' liability for damages to a maximum of £30m.
2 minute read

International Edition

Chambers of the Year

London set 3 Verulam Buildings (3VB) impressed the judges with its drive to promote new talent and be flexible in the way it delivers its services. The set offers fixed and capped fees and is willing to deploy conditional fees. "Inspired and reassuringly commercial," is how one client described the fee structures offered by the set. It also has an express commitment to encourage the use of junior counsel where appropriate. 3VB has been regarded as a leader in banking litigation for many years. Unsurprisingly, its advocates have featured in a host of high-profile credit crunch-related cases, including BPI v Barclays, UBS v HSH Nordbank and UBS v Proton Bank. In all, six members of chambers were instructed in the bank charges litigation, which culminated in a Supreme Court hearing.
2 minute read

International Edition

Changes needed for third-party funding to flourish

A new report into third-party litigation funding by legal market research agency Jures and commissioned by Fox Williams, has concluded that there are four crucial areas for development if the industry is to survive and prosper. First, it needs a growing profile within the legal profession. The report identifies that the success or otherwise of third-party funding will depend upon the extent to which it is embraced by the legal profession. Second, it needs a growing profile within the financial community. While there has been plenty of discussion about third-party funding emerging as a new asset class, investors have yet to be convinced that it will provide the desired returns - even in today's depressed markets, in which many of the traditional forms of investment have failed to deliver.
4 minute read

International Edition

Should justice be televised?

The head of Sky News has argued in a new Guardian article that justice must be televised as allowing TV cameras in court would help restore public faith in criminal proceedings. Sky news has been campaigning for TV cameras to be allowed in court for the past year. John Ryley argues that the upcoming prosecutions of five men accused of abusing the parliamentary expenses system should be televised as the judge in the case has said the matter is "of intense public interest". Televising proceedings would help restore the loss of confidence in parliament and politics and ensure that judges who are seen are 'out of touch' and 'liberal' need not escape the spotlight.
7 minute read

International Edition

Northern Ireland lawyers back new Herbert Smith launch in Belfast

Partners at top Irish law firms have voiced their support for Herbert Smith's plans to open an office in Belfast to handle volume disputes work, arguing the base will provide a further avenue for law graduates in a depressed job market. Herbert Smith announced last week that it would be opening in Belfast in April 2011, with the office set to provide support for high-volume disputes work - with staff reviewing and analysing large volumes of documents in litigation, arbitration and regulatory investigations.
3 minute read

International Edition

In depth: The future of the Bar

With dramatic cuts to legal aid looming and new business models on the horizon, the Bar faces huge upheaval at a time when the gap between commercial and publicly-funded advocates has never been more stark...
1 minute read

International Edition

Supreme Court upholds right to comment defence in key libel case

The Supreme Court has overruled a lower court judgment that could have limited the use of right to comment defences, in the first major defamation case to be heard by the body. The Supreme Court unanimously overturned an earlier ruling from the Court of Appeal that blocked a booking agent that criticised a former client for "unprofessional" behaviour on its website from using a fair comment defence in libel proceedings.
3 minute read

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