As we prepare for the clocks to go back this weekend, here's our regular look back at some of the stories that have drawn attention over the last five days. For access to subscriber content, click here for full access to Legal Business.
In what was a keenly awaited judgment for the third party funding profession, the Commercial Court has yesterday (23 October) handed down judgment on the costs liability of litigation funders in the high profile Excalibur Ventures v Texas Keystone & Ors battle, a $1.6bn energy dispute over oil rights in Iraqi Kurdistan and one of the biggest cases of 2013, and has ordered the funders to pay the defendants’ costs of the action.
It’s fair to say Clifford Chance’s (CC’s) traditionally esteemed private equity team has faced testing times in recent years, as evidenced by the ongoing recruitment of the Magic Circle firm’s quality lawyers by US outfits.
The other day we were in a meeting with the head of strategy and marketing and the chair of an AmLaw 100 firm, and the chair mentioned an extremely promising introductory meeting he'd had a few days earlier with the General Counsel of a well-recognised company.