When companies face financial difficulties in Mexico, our legislation provides a formal procedure known as concurso mercantil (insolvency) to restructure its finances and provide legal security to their creditors. This procedure is divided into two phases: i) conciliation and ii) bankruptcy or liquidation. The purpose of the conciliation phase is to achieve the continuation of …
The arbitration landscape has changed significantly in the Kingdom of Saudi Arabia (KSA) in recent years. In this note, we will explain two important developments that have precipitated this change, namely, a new arbitration law and a Saudi centre for arbitration. New arbitration law On 24/5/1422H (corresponding to 16 April 2012), a new set of …
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There are many differences between UK and Norwegian litigation. In this article, we will give a brief outline of some of the possibilities in Norwegian litigation, as well as some issues that one needs to avoid. Since the language before the court is Norwegian, there is a need to seek out Norwegian counsel, but this …
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As reported in KPMG’s 2016 Global Profiles of the Fraudster, more than half of the frauds were uncovered by whistleblowers and tip-offs. So to more effectively root out corporate malfeasance and corruption, some countries have promulgated laws to make internal reporting channels in both the public and private sectors mandatory. The laws include the Whistleblower …
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Policing in-house counsel The Financial Conduct Authority (FCA) launched a consultation in January on whether in-house lawyers at finance houses should be policed under the incoming Senior Managers Regime, in an attempt to clarify uncertainties regarding the overall responsibility of an in-house legal function under FCA’s rules. Bringing lawyers under the regime, designed to boost …
Consider this a call to arms or an acknowledgement that I can use all the help I can get but our team has begun turning its mind to the next Enterprise GC summit, the flagship in-house event from our parent company Legalease. It is, and has been, a group effort spanning teams across The Legal …
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The London office of peer-to-peer lender Funding Circle is exactly what you would expect from one of the UK’s largest and most high-profile fintech businesses.
‘My husband has virtually no understanding of what I do,’ admits BAE Systems Air chief counsel Julie Smyth. ‘He thinks I sit in meetings all day.’
Alex Speirs: Now less than a year out from the UK’s scheduled withdrawal from the EU, how would you characterise the current state of negotiations? Dominic Grieve: They’re not going well at all. We are not talking the same language. The UK is seeking a bespoke deal recognising our past membership of the EU, our …
Edward Murray, 60, co-founded Allen & Overy (A&O)’s derivatives practice in 1991 while still a senior associate and was until 2013 the senior partner in its derivatives and structured finance group. On 1 October, The Honourable Mr Justice Murray became one of only three solicitors in history to be appointed directly from private practice as …