Pearson revisits adviser panel Pearson has elected to consolidate its legal adviser panels into new ‘general’ and ‘preferred’ rosters, moving away from specialised panels in a bid to reduce costs. Fourteen firms have won places on the preferred panel, which Pearson says will address ‘day-to-day requirements’, in addition to newer areas not historically covered by …
In April last year, US-based tech services provider DXC Technology was formed following the merger of The Hewlett-Packard Company’s enterprise division with Computer Sciences Corporation. It was the ideal opportunity for general counsel Bill Deckelman to sit down with senior management and establish what the legal function should look like. ‘To put things simply, it’s …
For general counsel struggling to manage the administrative and regulatory burdens of the role, a head of operations has become the must-have accessory. In the US, the growth of legal ops is demonstrated by statistics.
After the landmark decision by a Chinese court finding reciprocity between China and the US, and recognising and enforcing a US judgment for the first time, there have been heated discussions on whether this case signals a genuine broader trend towards recognition and enforcement of foreign judgments in China. The term ‘foreign judgments’ does not …
Continue reading “Recognition and enforcement of foreign judgments in China”
Nailing the issue of what makes a high-performing in-house function, with the emphasis on operational sophistication, has become the Holy Grail for general counsel.
The main focus of this article is on international arbitration in Kenya. However, we shall take a short glimpse at alternative dispute resolution methods in Kenya in this section. The use of alternative dispute resolution methods is established in the Constitution of Kenya of 2010. As a guiding principle in exercising judicial authority, Article 159(2)(c) …
Continue reading “The landscape of international arbitration in Kenya”
Technology is dramatically changing the practice of law. Big data, machine learning, smart contracts and artificial intelligence are all making the assimilation and interpretation of large amounts of unstructured data much easier. Some doom-mongers see this as the end of the traditional practice of law. We believe, rather, that the trend will be for legal …
Continue reading “More vision, less admin: putting data to work”
For a number of decades, The Bahamas has been one of a number of select jurisdictions utilised by high net worth individuals to manage their wealth. In prior times, terms such as tax evasion, and banking secrecy were, in some cases, attached to such practices. As such, these terms became increasingly stigmatic.
Legal spend is the second-largest ‘cost centre’ for £21bn global banking giant Barclays. This tantalising statement is in the bank’s 2018 Request for Quotation document, sent to law firms ahead of its final panel review this year and seen by The In-House Lawyer. The document provides detail on what Barclays describes as this ‘sizeable’ legal …
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 long-awaited Romanian transposition of the EU Directive 2014/65 on markets in financial instruments (MIFID II, in force since January 2018) has started this summer with the enactment of two main pieces of legislation – (i) Law 126/ 2018 on markets in financial instruments (Romanian MIFID II Law), closely followed by (ii) Regulation 10-4/ 2018 …
Continue reading “Hot topics for credit institutions: MIFID II in Romania”
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 …
Continue reading “Arbitration in the Kingdom of Saudi Arabia”