Securities litigation gathers momentum in the UK

Legal Briefing

Clifford Chance’s Ian Moulding, Chris Yates, Jason Epstein and Ryan Byrne consider the rising tide of US-style ‘stock drop’ shareholder class actions in the UK, and offer practical tips for in-house counsel on managing the risk of shareholder litigation Shareholders can bring claims against listed companies to recover losses suffered as a result of a drop …

Enforcing foreign arbitral awards in Turkey – not so easy and not so cheap

Legal Briefing

Turkey markets itself as an arbitration friendly country and, as parliamentary reports indicate, this is premised on its goal to foster foreign trade. However, its courts do not always practise what the state preaches and it may become quite burdensome and costly to try to enforce foreign arbitral awards.

Landmark law to permit up to 100% foreign ownership in onshore UAE

Legal Briefing

The government of the United Arab Emirates (UAE) continues to introduce measures, including key legislative changes, intended to further diversify the UAE’s economy away from its historic dependence on oil revenues. One key focus has been upon the introduction of measures that increase the UAE’s attractiveness as a destination for foreign direct investment (FDI). In …

Civil court delays: assessing new remedies to speed up Romanian disputes

Legal Briefing

As referred to in its case law, the European Court of Human Rights has imposed an obligation on states to provide a mechanism to prevent or remedy excessive length of judicial proceedings. Also, in several resolutions, the Council of Europe’s Committee of Ministers has stated that ‘excessive delays in the administration of justice constitute an …

Springboard injunctions to take off in the DIFC courts?

Legal Briefing

With the continued influx of businesses and service providers into Dubai, competition between financial and professional services firms has never been higher. Those seeking an instant ‘beachhead’ in the jurisdiction by recruiting existing teams and professionals with inflated sign-on bonuses may find themselves instead on the end of a very costly springboard injunction. Such forms …

The rise of legal operations

Legal Briefing

Shay Ogunsanya of Legisway by Wolters Kluwer asks whether your legal department is operating in the most strategic way it can? Does your legal department operate in the most strategic way possible? That is the question fuelling the impressive rise of the legal operations function in legal departments around the world.

The 2019 arbitration amendments – how long till India gets it right?

Legal Briefing

The Indian legislature has in the last few years been at pains to promote India as a hub for international arbitration. The first step in that direction was the promulgation of the Arbitration and Conciliation (Amendment) Act 2015 (2015 Amendment), which was aimed at reducing the interference of courts in arbitration proceedings.