Litigation - Part 5

Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

August 24, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The English High Court has scuttled a plan for quick payouts to creditors by the administrator’s of Lehman Brothers’ European arm. PricewaterhouseCoopers (PwC), the administrator is now carefully studying the judgment and weighing it options i.e. should it appeal or not. In either case Lehman Brothers’ creditors face delays in recovering their assets. The ruling affects some

Bankruptcy/Insolvency/Restructuring, Litigation

The UK’s First Corporate Manslaughter Case Postponed Until October

August 19, 2009 Ainsley Brown One comment

By: Ainsley Brown The first prosecution under the UK’s Corporate Manslaughter and Corporate Homicide Act 2007 has been adjourned until October. The Act seeks to make convictions of companies with respect to deaths at the workplace much easier. Under English law a corporation as a juridical person is capable of both committing and being convicted of crimes. However, as an

Crime, Litigation

Northern Rock: the Final Chapter …Well Maybe

July 31, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The shareholders of Northern Rock, lead by hedge funds SRM Global and RAB Capital, have lost their judicial review appeal at the Court of Appeal this week. This ruling should end the saga of the shareholders´ attempting to use human rights law in order to gain – to their mind – just compensation from the nationalization of

Banking, Government Policy, Human Rights, Litigation

Litigation…..A New Investment Vehicle?

July 22, 2009 Ainsley Brown One comment

By: Ainsley Brown It is unquestionable that litigation is big business for lawyers, especially in complex commercial matters. The billable hours that can be racked up can be astonishing – and unlike popular belief is not largely due to an over inflation in the billing procedures of lawyers, though no doubt this can be an issue for some at times

ADR, Asset Management, Capital Markets, Entrepreneurial, Litigation, Marketing/PR

Vulture, Tigers And Lions: New African Development Bank Legal Support Facility Set Ambitious Goals.

July 20, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The African Development Bank (AfDB) has engineered a legal support wing charged with the responsibility of evening out the imbalance in legal expertise that many African nations face when negotiating complex commercial transactions. It will also serve as a necessary firewall for these nations by providing top notch legal advocacy when facing litigation, especially from vulture funds.

Asset Management, Capital Markets, Commercial Awareness, Finance, Government Policy, Legislative Process, Litigation, NGO, Private Equity

Ferrero Rocher Cleared In Hazelnut Fraud

June 22, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown The world´s largest purchaser of hazelnuts and the maker of a very tasty treat, Ferrero Rocher, has been cleared in the English courts of a £20 million fraud. The suit was brought against the Italian chocolate company by the Bank of Tokyo Mitsubishi and others alleging that deceit, negligent misrepresentation and conspiracy for a deal involving the

Brand Management, Commercial Awareness, commodity, Food & Beverage, Litigation

The Cozy Bank-Law Firm Relationship May Not Be So Cozy After All…These days Anyway, Part II.

June 17, 2009 Ainsley Brown One comment

By: Ainsley Brown McKenna v. Gammon Gold Inc. This is case that has the potential to redefine the very cozy relationship law firms have with their banker clients. No longer will bankers be given blanket coverage under conflict of interest rules to prevent law firms from being representatives in claims brought against them. The operative word here being potential, as

Banking, Ethics, Legal Career, Litigation, Regulation

Northern Rock: The Latest Chapter

June 16, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown This is an update to Shareholders Fail in Human Rights Cases Against UK Government. The Northern Rock shareholder group, lead by the Hedge Funds SRM Global and RAB Capital, last week launched their appeal of the decision reach in the High Court about the UK government’s nationalization compensations scheme. The appeal comes in the form of judicial

Banking, Bankruptcy/Insolvency/Restructuring, Economy, Government Policy, Human Rights, Investment, Litigation, Regulation

Shell & The elephant in the room

June 9, 2009 Ainsley Brown Leave a comment

By Charles Wanguhu A report by the Economist Intelligence Unit indicates that protecting a firm’s reputation is the most important and difficult task facing corporations. With the development of global media and communication channels, managing reputational damage is seen as crucial with events undertaken in even the remotest areas affecting the international brand of a corporation. For Shell the stark

ADR, Brand Management, Commercial Awareness, Corporate, Corporate Social Responsibility, Corruption, Indigenous Peoples, Litigation, Natural Resources

The Cozy Bank-Law Firm Relationship May Not Be So Cozy After All…These days Anyway, Part I

June 5, 2009 Ainsley Brown Leave a comment

By: Ainsley Brown In Canada an Ontario Superior Court of Justice ruling (McKenna v. Gammon Gold Inc.) has the potential to go viral like the latest YouTube sensation and challenge what can only be called one of the most incestuous relationships in the commercial world. What am I talking about? Well I am referring to the relationship, the very close

Banking, Law Firms, Litigation, Securities

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