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Dispute Resolution
Stories and digests covering a variety of angles to ADR, whether on key issues of law or notable parties
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Norton Rose adds partner to Shanghai base with A&O hire
By Suzi Ring | May 5, 2010
Norton Rose has bolstered its Shanghai office with the hire of a new partner from Allen & Overy (A&O). A&O of counsel Lynn Yang (pictured) is set to join the firm's corporate team as a partner on 1 July.
1 minute read
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Goldman SEC charges could spark litigation frenzy
By Legal Week | May 5, 2010
Last month, the US Securities and Exchange Commission (SEC) announced that it has charged Goldman Sachs, the world's most prestigious investment bank, with intentionally deceiving investors in a complex mortgage-backed synthetic collateralised debt obligation (CDO) sold just before the collapse of the US sub-prime housing market. As a result of the announcement, Goldman Sachs' stock lost 13% of its value, its largest one-day drop since January 2009. While the nature of the product at the centre of the allegations, the Abacus 2007-AC1 CDO, is unquestionably highly complex, the SEC's allegations can be summarised quite simply: the marketing materials for Abacus 2007-AC1, it is alleged, were false and misleading because they represented that ACA - the structuring company and collateral manager - selected the reference portfolio while omitting any mention that Paulson & Co, a party with economic interests adverse to the CDO investors, played a significant role in the selection of the underlying obligations.
1 minute read
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DLA cleared after sex discrimination allegations from former partner
By Claire Ruckin | May 4, 2010
DLA Piper has successfully defended itself against allegations of sexual discrimination brought by a former partner. A Liverpool employment tribunal cleared the firm of the charges brought by former real estate partner Sarah Sweeney, dismissing all of her claims at the end of last month.
1 minute read
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Watson Farley promotes two partners in Athens and Bangkok offices
By Suzi Ring | April 27, 2010
Watson Farley Williams has made up two partners in its annual promotions round, with both coming in the firm's international offices. Marisetta Marcopoulou has made partner in the international projects and structured finance group in Athens, while Alan Polivnick has been promoted in the international litigation group in Bangkok.
1 minute read
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Goldman lines up big-name legal team to fight SEC fraud charge
By Legal Week | April 27, 2010
Goldman Sachs has put together a high-profile legal team to defend itself against the fraud charges brought by the Securities and Exchange Commission (SEC), reports The Am Law Daily. The global financial services firm has recruited a number of big-name lawyers to work alongside its current legal team, which consists of litigation specialists Richard Klapper and Gregory Craig of Sullivan & Cromwell and Skadden Arps Slate Meagher & Flom respectively.
1 minute read
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Camerons revamps practice group structure
By Sofia Lind | April 27, 2010
CMS Cameron McKenna is set to overhaul its UK practice group structure in a bid to boost its litigation profile. The changes, which will come into effect this week (1 May), will see the firm break up its commercial practice group to form two new departments called human capital and commercial, regulatory and disputes (CRD).
1 minute read
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Addleshaws litigation partners quit firm to launch new boutique
By Claire Ruckin | April 23, 2010
Addleshaw Goddard is set to see the departure of two senior litigators as Simon Twigden and Pietro Marino leave the firm to set up their own litigation boutique. Litigation partner Marino and Twigden, the national firm's practice head, both handed in their notice last week. It is unclear if the duo, who will now serve a 12-month notice period, will take any other Addleshaws staff with them.
1 minute read
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DLA Piper appoints new managing partner in Paris office
By Suzi Ring | April 21, 2010
DLA Piper has appointed Jean- Philippe Sorba to manage its Paris office, replacing Steven De Keyser, who has been acting as interim managing partner since 2009. Sorba has headed up DLA Piper's local litigation and regulatory group since joining the firm from Orrick Herrington & Sutcliffe in 2008. He will continue to act as group head until a replacement is found. His new role is effective as of 1 May.
1 minute read
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Clydes continues energy growth with hire of Maclays partner in London
By Suzi Ring | April 20, 2010
Clyde & Co has recruited a partner from Maclay Murray & Spens for its London energy practice, marking the team's tenth hire in the last year. David Leckie joined Clydes from Maclays' London office last week (12 April). At Maclays his practice focused on commercial dispute resolution, with a particular focus on energy and regulatory law.
1 minute read
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Serle Court barrister joins partnership at US firm's City arm
By Legal Week | April 19, 2010
James Corbett QC has left Serle Court and the Bar to gift US firm Kobre & Kim its first English law capability in London. Corbett joined Kobre's City arm as a partner earlier this month (6 April), as the trial lawyer firm looks to bulk up its English law expertise following its London launch last summer. The firm plans to have five English-qualified lawyers in the City by the autumn.
1 minute read
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