On Monday, July 1, the United States Supreme Court will release opinions in one or more argued cases from the current term. The process will be covered live through a blog session, offering legal professionals real-time access to the Court’s critical decisions. The session on July 1 is particularly notable given the range of significant…
In a recent legal development, some of the UK’s top 50 law firms have filed claims against a prominent private equity veteran and a company linked to the late Argentine footballer, Diego Maradona. These high-profile cases have been lodged in the King’s Bench division of London’s High Court. The full details of the proceedings remain…
Boeing Co. has reached an agreement to reacquire major supplier Spirit AeroSystems Holdings Inc. at a valuation of $4.7 billion through an all-stock transaction. The deal, which prices Spirit Aero’s shares at $37.25 apiece, aims to address ongoing manufacturing challenges within the aerospace giant. The total value of the transaction, factoring in Spirit’s last reported…
Baker McKenzie has hired a five-lawyer banking and finance team from Cliffe Dekker Hofmeyr (CDH) in Johannesburg, marking a significant move in its ongoing expansion strategy. The team, led by Phetole Modika and Pitso Kortjaas, both of whom join as partners, is noted for their exceptional track record in leading banking and finance transactions across…
In a significant transaction within the asset management sector, BlackRock is set to acquire UK-based private markets data provider Preqin for £2.55 billion. Skadden, Arps, Slate, Meagher & Flom and Macfarlanes are leading the advisory efforts on this deal. This acquisition will integrate Preqin’s tools with BlackRock’s Aladdin technology solutions platform, with the transaction expected…
International law firm Baker McKenzie has hired a five-lawyer banking and finance team from Cliffe Dekker Hofmeyr (CDH) in Johannesburg as part of its expansion strategy. The team, led by Phetole Modika and Pitso Kortjaas who both join Baker McKenzie as partners, brings an impeccable track record in banking and finance transactions across Africa. Lerisha…
Volkswagen Group of America Inc., the North American subsidiary of the German automotive giant, has announced a significant shift in its legal leadership. Antony “Tony” Klapper, previously the deputy general counsel for product liability and regulatory affairs, has been promoted to general counsel. Klapper’s elevation marks an essential step as the company aims to navigate…
Jones Day, an international law firm, has announced the addition of a prominent IRS litigator, Justin Campolieta, to its New York tax group. Campolieta, who joins as a partner, brings nearly two decades of experience from his tenure at the IRS Office of the Chief Counsel. Most recently, he served as a senior special trial…
In a recent development, Paul Weiss has aligned its pay structure with leading market competitors in London by matching the market-leading pay for newly qualified (NQ) solicitors. The firm now stands alongside prominent names like Quinn Emanuel and Gibson Dunn, reflecting its commitment to attracting top legal talent. Additionally, Paul Weiss has initiated a training…
As the field of international arbitration continues to evolve, notable shifts and reforms are currently shaping the landscape. Cooley’s international arbitration chair Charlie Lightfoot and associate Juan Nascimbene have identified four key developments that are changing the arbitration scene as we enter the second half of 2024. Among these is the Review and Reform of…
Donna Wilson has been re-elected to her second five-year term as Managing Partner at Manatt, Phelps & Phillips, starting from Monday. Wilson, who initially assumed leadership in 2018, steers the firm as it continues to expand its New York office and bolsters its practice areas in financial technology, life sciences, and clean energy. The firm,…
Federal agencies tasked with enforcing labor and employment laws are gearing up for significant changes in their regulatory and litigation strategies due to the recent dismantling of the Chevron doctrine by the U.S. Supreme Court. The landmark decision in the case of Chevron v. Natural Resources Defense Council previously required courts to defer to agencies’…
“`html Claudia Salomon, a former New York-based arbitration partner at Latham & Watkins, has been reelected to a second three-year term as president of the Paris-based International Chamber of Commerce’s International Court of Arbitration. Salomon made history in 2021 as both the first woman and first American to hold this prestigious position in the institution’s…
The recent Supreme Court decision to overrule the Chevron doctrine is set to create significant challenges for the Environmental Protection Agency (EPA) and other federal agencies. The ruling, delivered on June 28, nullifies the long-standing judicial deference to agency interpretations of ambiguous statutes, which had previously provided a critical legal buffer for regulatory bodies. This…
The US Securities and Exchange Commission’s (SEC) ambitious push to broaden its regulatory scope has encountered a significant obstacle following a recent Supreme Court ruling that restricts the circumstances under which courts are obliged to defer to federal agency interpretations of their own authority. This 6-3 decision is poised to alter the regulatory landscape, providing…
The US Supreme Court recently made a significant change in administrative law by overturning the longstanding Chevron deference doctrine. This doctrine, which was established 40 years ago, allowed federal courts to defer to executive branch agencies’ interpretations of ambiguous statutes. The reversal means that courts will no longer grant such deference, compelling agencies to adhere…
Chevron Ruling Poised to Boost Business for Corporate Litigators The Supreme Court’s recent decision to overturn the decades-old Chevron doctrine, which empowered regulators to interpret unclear laws, has significant implications for the legal sector, particularly corporate litigators. This landmark ruling is expected to encourage companies and industry trade groups to challenge government regulations more vigorously,…
Article Summary Eversheds Sutherland has hired Berend Zwart, a partner from Osborne Clarke’s Amsterdam office, to enhance its corporate real estate capabilities in the Netherlands. Zwart, who had been with Osborne Clarke since 2018, brings years of experience from his previous roles at NautaDutilh and RechtStaete Vastgoedadvocaten & Belastingadviseurs.
Global law firm Dentons has expanded its presence in Oceania by hiring Nathan Abbott, a construction partner from the Australian firm Colin Biggers & Paisley. Abbott, who brings significant experience in construction and engineering law, will join Dentons’ growing Melbourne office. His expertise includes advising on major construction projects and handling substantial construction disputes. For…
Generative artificial intelligence (AI) is becoming an increasingly significant tool in the legal profession, particularly in the area of discovery during litigations. However, this innovation poses potential risks that must be carefully managed to ensure client documents remain protected. Lawyers have been utilizing AI-based tools for more than a decade, but the scope and power…
State attorneys general have demonstrated a pattern of pushing the boundaries on theories of standing as they pursue legal challenges on various contentious issues. This approach was recently spotlighted by the U.S. Supreme Court in Murthy v. Missouri, a First Amendment case that questioned federal communications with social media platforms regarding content suppression related to…