Lawyers Are Key to Mergers Lawyers, rather than investment bankers, are increasingly the critical factor in mergers and acquisitions, capital is plentiful, the ostructing issues tend to be regulatory and legal, as in Reuters, Thompsons deal 10.05.07 Times, Capital Markets, Competition Law
EU to Try to Simplify Procedures EU Commissioner for enterprise Gunter Verheugen targeting a 25% cut in bureaucracy, key areas will be company law, tax, pharmaceuticals and food labelling 09.03.07 Telegraph, EU Law, EU Tax
Why Bank Penalty Charges Are Illegal Stephen Hone brought original case against Abbey over two £32 charges, argued that under Unfair Terms in Consumer Contracts Regulations (1999) charges have to reflect real cost of administration, there is no such thing in English law as a penalty charge 12.12.06 BBC, Banking Law, Penalty Charges, Unfair Contracts
Relief From Unfair Prejudice Where an investor in a joint venture company has invested not only by subscribing for shares but also by advancing loan capital, the investor may be granted relief from unfairly prejudicial conduct even though such relief will benefit the investor only as a loan creditor and not as a member 07.05.07 Law Now, Insolvency
Damages for Management Time Claims for damages for breach of contract often include components for both management time and loss of profit, the Technology and Construction Court has recently considered the principles concerning the recovery and assessment of these two types of damages 11.04.07 Law Now, Construction Law
Contracts and Employment Status In Ministry of Defence HQ Defence Dental Service v Kettle the EAT provided useful guidance on when tribunals can look outside the written terms of the relevant contract to determine a person's employment status 03.03.07 Law Now, Employment Law
Companies Act Implementation The full implementation timetable for the Companies Act 2006 was announced today by Industry and Regions Minister Margaret Hodge. All of the Act will be in place by October 2008 with many elements implemented earlier 01.03.07 DTI Press Release, Companies Act 2006
Company Details on Websites New regulations require companies and limited liability partnerships (LLPs) to include company information on websites and in electronic communications, includes company name (both the registered and trading), registration number, place of registration and registered office address 18.01.07 Eversheds, Internet Regulation
Company Details in Emails Under regulations that came into force on 1 January 2007, the longstanding statutory requirement for companies to state certain particulars on their stationery has been extended to websites and emails 14.01.07 Law Now
Subordination Clauses In a unanimous judgment handed down in January, the Court of Appeal upheld the first instance decision on all points of the Liquidators of SSSL Realisations (2002) Ltd v AIG and the Liquidators of Save Group Plc v AIG 06.03.06 Law Now, Competition Law, Hollinger
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JP Morgan Suing Lovells Mediator ruled in favour of Finnish insurer on JP Morgan's advice in buying Polish pension business from Norwich Union, now bank is suing lawyer Lovells as source of poor advice 27.03.07 Times, Pensions
Cashbox Director 'Simply Dishonest' Court rules that Carl Thomas, founder of stand-alone ATM business Cashbox, was dishonest in bidding for Thresher contract while negotiating rival bid on behalf of Hanco, where he was still employed, subsequent financial irregularities 28.02.07 Times, Corporate Governance, Employment Law
Accenture Willing to Sue NHS Over IT Consultant Accenture is preparing legal action against the NHS in bid to withdraw, or 'substantially renegotiate' its contract for National Programme for Information Technology (NPfIT), BT and CSC interested in taking over 15.09.06 Guardian, Information Technology
Non-Party Required to Pay Costs Justice Richards sets precedent in Antares Ltd v Antares SRL, in some cases causation not required for costs liability, Antares SRL had transferred assets week before case 30.06.06 Times, Costs
Wembley Damages Main Wembley contractor Multiplex will pursue damages from steel firm Cleveland Bridge, Judge Rupert Jackson urges direct agreement but concedes breach of contract 07.06.06 BBC, Construction
Not Ok! Nothern & Shell, publisher of Express, and WPP media buying subsidiary Mediacom are embroiled in countersuits in London and NY over launch of OK! in the US, claims of guarantees of minimum ad sales 13.02.06 Financial Times, Media Law
OFR Review Friends of the Earth has applied for judicial review of Chancellor's plan to scrap requirement for Operating and Financial Review, claims plan is 'irrational... unlawful' 12.01.06 Guardian, Pre-Budget Report 2005
Copeland Joins Michael Simikins Caroline Copeland has joined Michael Simkins as a partner in the commercial group, Caroline was previously at Islington firm Bolt Burdon, but spent the last year on secondment at Diageo, prior to that, she was a senior associate at Addleshaw Goddard 01.03.07 Michael Simkins, Companies Act 2006
