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LEGAL DEVELOPMENTS
Rio outsourcing six months on: Richard Susskind and Leah Cooper discuss the lessons learned
Professor Richard Susskind OBE talks to CPA Global strategy director Leah Cooper about the first six months of Rio Tinto's work with the outsourcing provider.
16 Mar 2010 | 17:04 | 
Success fees in libel cases to be slashed by 90%
Success fees in defamation cases are to be slashed by 90% in a major step towards libel reform. The move was announced on Wednesday (3 March) by the Ministry of Justice, following a consultation issued in January, ‘Controlling costs in defamation...
04 Mar 2010 | 12:10
Campaign to form global forum for bank disputes gathers momentum
Some of the City's leading law firms are set to be drawn into an ambitious bid to create a global bank disputes tribunal in The Hague. The Dutch not-for-profit organisation World Legal Forum (WLF) is leading the initiative, which is expected to see...
04 Mar 2010 | 00:01
Offshore: Departure from doctrine
In B v C, D and E in the matter of the A Trust [2009], the Royal Court was asked to set aside a trust created under the laws of Jersey on the basis that it had been established by mistake. While this case was not the first occasion in which the Jer...
25 Feb 2010 | 00:01 | 
Offshore: A step too far
The EU's draft directive on alternative investment fund managers has been greeted with almost universal disapproval. While proportionate and prudent regulation of systemic risk is accepted as desirable by nearly all in the industry, the directive i...
25 Feb 2010 | 00:01 |
Offshore: A clean bill of health
Trawl through 90 pages of the Foot Report - an economic health check of British offshore financial centres delivered to HM Treasury last October - and you'll get a mixed impression. The three crown dependencies (Jersey, Guernsey and the Isle of Man...
25 Feb 2010 | 00:01 |
LSB greenlights alternative business structures for 2011 launch
The first Alternative Business Structures (ABS) will be up and running from next October, the Legal Services Board (LSB) confirmed today (23 February). The LSB has laid out a timetable which will see companies able to apply for a licence to become ...
23 Feb 2010 | 15:00
SRA reaches conflicts impasse as firms remain cool on reform
The Solicitors Regulation Authority (SRA) has received just six responses to a second consultation looking at relaxing controversial conflicts rules and potentially allowing firms to act for two or more clients on the same transaction. The body had...
11 Feb 2010 | 00:01
Women in law: The alternative view
Law firms are coming under increasing pressure to change their culture. Firms are having to grapple with the effects of the Legal Services Act (LSA) at the same time as addressing how to deal with the effects of the credit crunch on their businesses. ...
10 Feb 2010 | 11:26 |
Banking and finance
Interbank litigation has taken hold in Europe, and one US law firm is ahead of the game...
04 Feb 2010 | 16:41
Banking and finance: The credit crunch after-party
In 2002, a German bank in the backwater of Kiel, on the shores of the Baltic Sea, sought to boost its returns by investing in a synthetic credit default obligation (CDO) issued by Swiss banking giant UBS. The investment was a disaster: a near-total lo...
27 Jan 2010 | 10:34 |
Banking and finance: Starting forward again
Despite predictions that the green shoots of recovery from the liquidity crisis are growing, most financial institutions remain under pressure to increase capital reserves and clean up their balance sheets. The limited availability of financing is ...
27 Jan 2010 | 10:34 |
Jackson litigation review proposes overhaul of contingency fees
The use of contingency fees in UK litigation has emerged as one of the key areas for reform in Lord Justice Jackson's review of civil litigation costs, published today (14 January)...
14 Jan 2010 | 15:35
Tax evasion in spotlight in post-crunch crackdown
With all the talk of the bank bonus tax, global financial institutions' reassessment of their commitment to London and UK politicians other than Boris Johnson queuing up to bash the City, you might question what place London will have in the financial...
13 Jan 2010 | 11:07 |
In depth: Restructuring and insolvency
PwC, Goldman Sachs and the City's top restructuring lawyers reflect on a year to remember (and forget)...
04 Jan 2010 | 13:08
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