New York has overtaken London as the world’s top financial center, according to a survey published Wednesday, which also revealed that several Asian cities are edging their way up the ranking for attractiveness and business-friendly regulation.
The U.K.’s data regulator is receiving around 500 calls a week to its hotline for reporting information breaches, nearly four months after Europe’s data protection regime went live in May, a senior official said Wednesday.
Caught in a whirlwind of firm dissolutions and layoffs, thousands of associates were thrust into one of the worst job markets in history a decade ago. While some have rebounded, others are still feeling the lingering effects of the financial crisis on their careers.
The governing body for the Court of Arbitration for Sport addressed a recent Belgian court ruling that has reportedly been painted as opening the door to appeals of its rulings in domestic courts, saying the reports are exaggerated and that the issue only requires a clarification to the arbitration clause in the FIFA Statutes.
Panama has enlisted the help of Foley Hoag LLP to defend it from arbitration initiated by the Spanish construction company Sacyr SA regarding cost overruns incurred during a project to broaden the Panama Canal, Law360 learned on Tuesday.
Toys R Us asked a Virginia bankruptcy judge to bar a Hong Kong retail company from moving ahead with its arbitration over the sale of the toy company's Asian business activities until its restructuring is done, saying the proceeding threatens to "upend" its plans to reorganize.
China on Tuesday told the World Trade Organization that it is seeking $7 billion in yearly sanctions over the U.S.' failure to alter its calculation methods for anti-dumping duties as part of its compliance with adverse rulings made in a dispute with China at the global trade body.
DLA Piper has announced that it has snagged an international insurance and reinsurance partner with experience in multijurisdictional disputes from Reynolds Porter Chamberlain for its London office.
A California information technology company urged a federal court to send its approximately $37 million lawsuit accusing the Dutch telecom Veon Ltd. of fraud in connection with an underlying contract back to state court, saying Veon removed the suit a day too late.
The legal industry has shown some caution in rebuilding its pool of associates after the dramatic layoffs of thousands during the last recession. But have firms done enough to survive the next?
The Court of Arbitration for Sport has partially upheld the International Shooting Sport Federation’s decision to suspend its vice president for various ethics violations, ruling that he had engaged in unethical behavior but reducing the term of his suspension while increasing the amount of the fine.
A New York private equity firm asked a federal court on Friday to confirm a $6.4 million costs award issued after a tribunal rejected a Mauritius investment company’s allegations that the firm had misled Indian regulatory authorities during a transaction involving shares in an Indian bank.
Litigation funder Vannin Capital on Monday unveiled plans to float on the London Stock Exchange in a £70 million ($91.2 million) initial public offering, the same day it announced that a former Allen & Overy LLP senior partner has joined the firm as its newest chairman.
Commodities supplier Tradiverse Corp. urged a New York federal court Friday to vacate an interim emergency arbitral award that requires the company to pay a $650,000 bond in proceedings initiated by a Venezuelan commodities merchant, saying it was not treated fairly by the arbitrator.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
It’s been almost 10 years since Lehman Brothers collapsed — kicking off a global recession and putting two Skadden partners on a path to building a firm that would weather the storm. Here's how upstarts and their larger rivals are positioning themselves for the next downturn.
The Ninth Circuit on Friday reversed an order compelling an Emirati bank to arbitrate a contract dispute with a U.S. financial technology company in California instead of Dubai, saying a lower court judge wrongly concluded that the bank had waived its right to argue that the court lacked jurisdiction.
A New York federal judge on Friday upheld an arbitral award dismissing a Brazilian banking and financial services company's $50 million policy claim against two U.S. insurers, agreeing with the arbitration panel’s determination that the bank had made misrepresentations in its insurance application that voided the policy.
Brazil's first-ever national privacy regime could set up South America's biggest economy to work out a lucrative data-sharing pact with the European Union, despite a presidential veto that axed the agency intended to enforce it, attorneys say.
Litigation funder Augusta Ventures has boosted its London team with a string of high-profile hires from firms like Hogan Lovells, Eversheds Sutherland and Hausfeld LLP as it signaled plans to pursue larger-scale cases.
By incorporating an explicit requirement that discovery must be “proportional to the needs of the case,” the 2015 amendments to the Federal Rules of Civil Procedure garnered much speculation as to their impact on courts’ decision-making processes. Now that the rules have been implemented for over two years, several themes have emerged, say attorneys with Buckley Sandler LLP.
The advancement in connected technologies and software has created an explosion of nontraditional data sources that present challenges to e-discovery practitioners. Many tools and techniques used to process traditional data may not be practical for these new data types, say Jason Paroff and Sagi Sam of Epiq.
Out of 94 district courts nationwide, the Eastern District of Virginia has the fastest civil trial docket in the country, now for at least the 10th straight year. The modern EDVA bench clearly takes pride in efficiently dispensing justice, and this dedication to efficiency has continued even in the face of increased filings, says Bob Tata of Hunton Andrews Kurth LLP.
The Russian doping scandal that plagued the Rio and Pyeongchang Olympics had the feeling of a roller-coaster ride because it was based, in certain critical respects, on inadmissible evidence. That unsteadiness has now been remedied by the publication of two Court of Arbitration for Sport opinions, says Ronald Katz of GCA Law Partners LLP.
How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.
One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.
In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.
Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.