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International Edition

Billion-dollar RUSAL dispute set for UK courts

The long-running $4bn dispute between two Russian businessmen for a 20% stake of aluminium giant RUSAL is set to be heard in the UK courts. In a judgment handed down last week (3 July), Mr Justice Christopher Clarke confirmed Michael Cherney could pursue his claims against RUSAL owner Oleg Deripaska in England.Israeli-based businessman Cherney claims that as a result of a deal struck in London in 2001, Deripaska agreed to hold a 20% stake in RUSAL in trust for him.
2 minute read

Legal Week

Law Society calls for action on QLTT review

The Law Society is calling for the review of the rules governing foreign lawyers transferring to the UK to be hastened following guidance published by the Solicitors Regulation Authority (SRA) last week. The society has raised concerns that SRA guidance issued last week on the Qualified Lawyers Transfer Test (QLTT) has still not addressed all of the criticisms levelled at it when it was first published in December 2007.
3 minute read

International Edition

Law Society calls for action on QLTT review

The Law Society is calling for the review of the rules governing foreign lawyers transferring to the UK to be hastened following guidance published by the Solicitors Regulation Authority (SRA) last week. The society has raised concerns that SRA guidance issued last week on the Qualified Lawyers Transfer Test (QLTT) has still not addressed all of the criticisms levelled at it when it was first published in December 2007.
2 minute read

International Edition

BSB costs rise in latest annual report

The operating costs of the Bar Standards Board (BSB) have increase by almost 10% in a single year, according to the body's latest annual report. The report, published yesterday (25 June), revealed that total costs at the regulator had increased to £3.9m for 2007, up from £3.6m in 2006.
2 minute read

International Edition

Appeal court throws out landmark funded litigation

The $173.6m (£89m) negligence claim brought by the creditors of failed UK company Stone & Rolls against accountancy firm Moore Stephens was struck out by the Court of Appeal yesterday (18 June). The case - one of the largest and most high-profile cases to be funded by a third party in the UK - was backed by IM Litigation Funding.
2 minute read

International Edition

Law Soc reviews structure and cuts PC income

The Law Society is planning to overhaul its committee structure as it gears up for the introduction of the Legal Services Act (LSA). The society's head of policy, Mark Stobbs, who joined the body in March, is leading the review and has sent a paper to committee chairs with suggestions for the new structure.
2 minute read

International Edition

Switalski 'faked breakdown', claims F&C

An in-house City lawyer who is claiming £19m in compensation for workplace bullying has been accused of faking a nervous breakdown. Gillian Switalski, the former legal head of F&C Asset Management, recently had her claim that sexual discrimination, harassment and victimisation at work had left her unfit to fulfil her role upheld by the Central London Employment Tribunal.
2 minute read

International Edition

Senior clerk stands down for new role

One Essex Court senior clerk Paul Shrubsall will stand down from his position at the end of next month. Shrubsall will leave his post on 31 July but will take up a role as consultant to the chambers from October this year. Darren Burrows will replace Shrubsall as senior clerk, with fellow clerk Jackie Ginty as deputy senior clerk.
1 minute read

Legal Week

Bar regulator ushers in new disciplinary code

Barristers found guilty of professional misconduct could see fines of up to £15,000 and be ordered to take a professional ethics test under new sentencing options set to be made available to disciplinary tribunals. The changes are part of an extensive overhaul of the Bar's complaints and disciplinary processes announced today as a result of a Bar Standard Board (BSB) consultation.
3 minute read

International Edition

Bar regulator ushers in new disciplinary code

Barristers found guilty of professional misconduct could see fines of up to £15,000 and be ordered to take a professional ethics test under new sentencing options set to be made available to disciplinary tribunals. The changes are part of an extensive overhaul of the Bar's complaints and disciplinary processes announced today as a result of a Bar Standard Board (BSB) consultation.
2 minute read

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