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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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Hammonds wins negligence claims mandate from Lloyds
By Claire Ruckin | February 17, 2010
Hammonds has struck a groundbreaking deal with Lloyds Banking Group that will see the firm take on the majority of the retail bank's professional negligence work. The national firm has been instructed to advise the bank as it brings increasing numbers of claims, including cases against solicitors and surveyors over alleged over-valuation of property.
1 minute read
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Will the FSA step up regulation as Sants steps down?
By Legal Week | February 17, 2010
On 9 February 2010, the Financial Services Authority (FSA) announced that Hector Sants, the FSA's CEO, will stand down in the summer. He will have held the role for three years in July, leading the FSA through a time of extraordinary challenges for financial institutions and their regulators alike. As yet, Sants' successor has not been selected, but financial institutions, their advisers and commentators are wondering what impact a change of leader might have on the FSA's policies and approach to regulation.
1 minute read
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Kelly hire settles dispute over Cleary's City litigation plans
By Claire Ruckin | February 17, 2010
With even the notoriously conservative Cleary Gottlieb Steen & Hamilton making a senior disputes appointment in the Square Mile, it appears that the much-touted banking litigation market really does have legs. The US firm made a big splash last week with the news that it was making a rare lateral hire in the shape of Jonathan Kelly from Simmons & Simmons, one of the best-known banking litigators in the City.
1 minute read
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CC transfers UK litigation chief to Moscow in Russia disputes drive
By Claire Ruckin | February 17, 2010
Clifford Chance's (CC's) UK litigation head Nicholas Munday has been seconded to the firm's Moscow office in a bid to strengthen and expand the disputes team in the region. Munday, who is responsible for overseeing the firm's Moscow and UK litigation practice, has been charged with expanding the two-partner, eight associate team in the country through a mixture of lateral hiring and organic growth.
1 minute read
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A suitable venue
By Legal Week | February 17, 2010
Rivers of ink have been spilled on designing a regulatory response to the global financial crisis. On global financial dispute resolution, not so much. "The newspapers are full of stuff about regulation," complains derivatives guru Jeffrey Golden of Allen & Overy (A&O). "But there's not a word about judges and courts. The whole focus is on preventive medicine, and nobody's paying attention to the hospitals full of sick patients." By sick patients, Golden means banks caught in litigation over structured finance.
1 minute read
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Linklaters partner joins Darrois Villey in trio of hires for French leader
By Jeremy Hodges | February 11, 2010
Leading French law firm Darrois Villey Maillot Brochier has bolstered its practice with the hire of three new partners, including one from Linklaters. Corporate partner Bertrand Cardi joins Darrois, having been a partner at Linklaters in Paris since 2004. He joined the magic circle firm as an associate in 2000, having previously worked with Gide Loyrette Nouel.
1 minute read
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Stephenson Harwood acts on $12bn Hong Kong property empire dispute
By Sofia Lind | February 10, 2010
Stephenson Harwood has won a role advising on a multibillion-dollar dispute over the estate of one of Asia's richest women. Nina Wang, who died in April 2007, made out a will stating that the estate of her property empire, Chinachem Group, worth an estimated $12bn (£8bn), should go to the Wang family-run charity, the Chinachem Foundation.
1 minute read
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Cleary makes rare City lateral with hire of high-profile Simmons litigator
By Jeremy Hodges | February 10, 2010
Cleary Gottlieb Steen & Hamilton has made a rare lateral hire in the City, picking up high-profile finance litigator Jonathan Kelly from Simmons & Simmons. Kelly, one of the City's best-known banking litigators, will launch a dedicated UK litigation practice for Cleary on his arrival at the US firm in April.
1 minute read
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Linklaters and A&O take headline roles as BAE settles bribery case
By Claire Ruckin | February 8, 2010
Linklaters and Allen & Overy (A&O) have taken key roles steering BAE Systems through the high-profile corruption case that saw the defence group on Friday (5 February) agree to pay fines totalling more than $400m (£250m). BAE's agreement with the US Department of Justice (DoJ) and the UK Serious Fraud Office (SFO) settles a six-year investigation into the company's alleged corruption in arms deals.
1 minute read
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Fried Frank hits back at allegations in discrimination lawsuits
By Legal Week | February 4, 2010
Fried Frank Harris Shriver & Jacobson has responded forcefully to a former associate's $50m (£32m) lawsuit against the firm, reports The Am Law Daily. The suit was filed in December by Julie Kamps, a Harvard Law School graduate who worked at Fried Frank for a decade before the firm allegedly fired her during the middle of an arbitration in January 2009.
1 minute read
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