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International Edition

Govt unveils competition reforms in 'quantum leap' towards US-style class actions

The Government has unveiled a new 'opt out' collective redress system, described as "a quantum leap towards US-style class actions", as part of a series of wide-ranging competition law reforms following a consultation last year. The measures, unveiled by business secretary Vince Cable last month, have received broad approval from senior lawyers, after initial proposals were put forward for consultation by the Department for Business Innovation and Skills (BIS) in April last year.
4 minute read

International Edition

Bets on - tackling illegal gambling

On 17 January, for those involved in combating corruption in sport, the focus was on Rome, where 200 delegates from 50 countries and key representatives from the worlds of sport, betting and law enforcement gathered to discuss the threats posed to football by match-fixing, and ways to further improve prevention and investigation. To put the issue in context, Ronald Noble of Interpol said: "Illegal betting that drives match-fixing encompasses a market that is said to be in the range of hundreds of billions of euros per year, with estimates that the large bookmakers have revenues on the same scale as Coca-Cola."
4 minute read

International Edition

The beautiful game – the rise of the sports adviser

In 1998, when I first started practising as a sports lawyer, it was still something of a novelty as a career – in the UK at least. Back then, relatively few law firms worked in sport consistently, with much of the legal work in the sector being done ad hoc by lawyers who were specialists in other areas of the law, servicing the occasional sports client when it was necessary. A nd at that time there was generally a lot less lawyering done in sport, so the market did not require many sports law specialists.
6 minute read

International Edition

Recent cases highlight POCA's flaws and initiate fresh approach to confiscation

Often described as draconian – frequently by judges – the confiscation regime under the Proceeds of Crime Act 2002 (POCA) has been brought into focus by the recent decisions in R v Waya [2012] and R v Ahmad & Ahmed [2012]. In these cases, the benefit initially ordered was reduced, significantly so in Ahmad – from £184m to £32m – although the case is currently subject to appeal to the Supreme Court.
5 minute read

Inside Counsel

Litigation: Statutory immunity against claims arising from third-party content online

The Communications Decency Act of 1996 (CDA) was enacted to regulate online speech, and in particular, to protect minors from patently offensive, obscene, and indecent content on the Internet.
11 minute read

International Edition

Ashurst and Taylor Wessing lead as Cattles sues PwC over audits

Ashurst and Taylor Wessing are advising on a high-profile legal battle which sees PricewaterhouseCoopers (PwC) face a billion-pound negligence claim from Cattles. Troubled Yorkshire financial services group Cattles has accused its former auditor of negligent audits in 2006 and 2007, resulting in liabilities of £1.6bn.
3 minute read

International Edition

Top Herbert Smith litigator exits for Latham as senior departures continue

Latham & Watkins has sealed the hire of top-rated Herbert Smith Freehills corporate fraud partner Simon Bushell, in the latest in a series of high-profile departures for the recently merged Anglo-Australian firm. Bushell, a specialist in large-scale international commercial litigation and founder of Herbert Smith's Russian dispute resolution practice, is top ranked for civil fraud work by Chambers and Partners.
2 minute read

Inside Counsel

Litigation: The efficacy of “don’t ask, don’t waive” standstill provisions

In late 2012, the Delaware Court of Chancery made two significant rulings on the efficacy of standstill provisions.
5 minute read

International Edition

Walker Morris takes Cobbetts team as details of DWF pre-pack deal emerge

Walker Morris has taken a 27-strong finance litigation team from Cobbetts, as full details of DWF's pre-pack acquisition of the financially stricken firm emerge. DWF has completed its acquisition of the bulk of Cobbetts' business following yesterday's appointment of KPMG as administrators.
4 minute read

International Edition

Herbert Smith adds Allens Singapore partner as exits from Links' Aussie ally continue

Herbert Smith Freehills has hired Allens partner Rod Howell in Singapore, in one of two recent partner departures from Linklaters' Australia alliance firm. Howell, who joins Herbert Smith along with senior associate Jeremy Chase, has 20 years of experience advising on financings in Asia, Australia, the UK and the US.
2 minute read

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