The inferno of disputes arising from the financial crisis is finally being reduced to embers. Although this may have caused the volume of commercial litigation in London to plateau, disputes in the main Caribbean offshore centres continue to be very buoyant: several firms report significant double-digit revenue growth in their dispute resolution teams over the past 12 months.
Driven by different dynamics, the Cayman Islands, the British Virgin Islands (BVI) and Bermuda have each developed in their own right as sophisticated jurisdictions in which to litigate – supplemented by the expansion of specialist commercial courts, a raft of high-quality judges and a regular flow of top-drawer London silks to argue significant cases. Continue reading “Offshore disputes: Centre of the cyclone”
In its first financial results since the £43m IPO in May, Rosenblatt has recorded a slight uptick in revenue and profit as it simultaneously launched its own litigation funding arm.
For the first eight weeks of its listed life, Rosenblatt generated £3m in revenue, compared to £2.6m for a two month average in the last financial year. EBITDA edged up from £0.9m to £1m on the same metric while profit before tax was also marginally up: from £0.8m to £0.95m. Continue reading “Rosenblatt battles Brexit uncertainty in post-IPO financials as it launches litigation funder”
As the UK careens towards the March 2019 deadline, the Government has released a contingency plan outlining rules for cross-border European disputes in the event of a no-deal Brexit.
Guidance was published yesterday (13 September) by the Ministry of Justice (MoJ), with the main conclusion that if no arrangement is reached with the EU, the UK will have to rely on domestic common law rules currently applied to cases involving non-EU countries for cross-border European disputes. Continue reading “The no-plan plan – MoJ sets out disputes contingency guidance for a no-deal Brexit”
Centuries of imperiousness towards the Irish could be one of England’s greatest historical mistakes, and when Legal Business set about asking Irish independents whether Dublin is a viable alternative to London for disputes work following Brexit, it felt as though this underestimation was very much alive today. However, the Irish legal elite remains defiant in the face of any English condescension.
‘Absolutely it’s viable,’ says Dillon Eustace’s managing partner Mark Thorne when asked if the Irish Bar’s initiative to promote Dublin as a global disputes centre was realistic. ‘You’re asking if the big independent firms have the talent to achieve that, and the answer is yes, absolutely.’ Continue reading “Ireland: A case to make”
City litigators uttered a collective sigh of relief as legal professional privilege (LPP) was upheld in the judgment of the highly-anticipated Eurasian Natural Resources Corporation (ENRC) case against the Serious Fraud Office (SFO).
The decision has wide-ranging implications for businesses and litigators alike as to what information from internal investigations is protected by privilege, after the Court of Appeal today (5 September) ruled the ENRC is not obliged to disclose a series of documents which had been requested by the SFO. Continue reading “A victory for legal privilege as ENRC triumphs in landmark SFO case”
White & Case is continuing its bid to add firepower to its London disputes bench with the hire of The Royal Bank of Scotland (RBS)’s former head of litigation and investigations Laura Durrant as a partner.
Meanwhile, Swiss disputes firm LALIVE is opening an arbitration-focused office in London and Herbert Smith Freehills’ (HSF) litigation partner Adam Johnson QC has been appointed a deputy High Court judge. Continue reading “Disputes round-up: White & Case continues hiring drive with RBS litigation head as HSF partner appointed deputy High Court judge”
In a further indication of the growing prominence of litigation funders, Vannin Capital has turned to Bar stalwart Paul Martenstyn for its new managing director as Burford Capital announces a robust 17% increase in income.
Elsewhere, Stewarts has struck a partnership with tech start-up Solomonic, while the Supreme Court has ‘with reluctance’ dismissed the appeal of a wife who wants to divorce her husband in the Owens v Owens case. Continue reading “Disputes round-up: Vannin Capital hires Fountain Court’s Martenstyn as managing director as Stewarts makes litigation tech play”
In a case that has put antitrust law on the front pages, the European Commission (EC) has fined Google a record €4.34bn for breaching competition rules after Clifford Chance (CC)’s client FairSearch triggered a long-running investigation.
Cleary Gottlieb Steen & Hamilton and Allen & Overy (A&O) were on the losing side as the EC found Google had illegally required manufacturers of smartphones running its Android operating system to pre-install its internet browsing and search engine apps. Continue reading “CC wins out as Google’s record fine in landmark antitrust case heralds new era”
Old-fashioned defamation disputes may rarely create significant precedent these days but the rapidly evolving area of privacy is a very different matter, a dynamic underlined this week in dramatic form in the conclusion of Sir Cliff Richard’s legal battle with the BBC.
The veteran celebrity’s victory in his long-running privacy case against the BBC has highlighted issues of potentially huge scope for the media and other publishers in reporting investigations against individuals. Continue reading “End of Sir Cliff’s BBC privacy battle ushers in new rules on reporting investigations”