A London appeals court on Tuesday upheld a ruling allowing Bank of New York Mellon Corp. to freeze $22.6 billion of assets in Kazakhstan’s oil fund as part of a dispute over the country’s refusal to pay a $506.7 million arbitration award granted to a Moldovan investor.
Following an American Bar Association pledge, in-house attorneys are taking a harder line in demanding diversity from their outside counsel, and they're seeking to play a larger role in the workings of the law firms they hire.
We asked BigLaw for data on female minority lawyers for the first time this year, and the results show an industry that is failing to attract and retain them. Here’s a look at the challenges facing these attorneys — and how a few firms are defying the norm.
The legal industry is making sluggish gains when it comes to attracting and retaining attorneys of color, but this select group of firms is taking broader strides to diversify at the top.
A New York federal judge declined to ax litigation seeking to enforce an over $48 million arbitral award secured by Brazilian iron companies, saying the alleged successors of steel company Steel Base Trade AG failed to show that they shouldn’t be held liable for the award or that it shouldn’t be recognized.
The European Union will continue to impose sanctions on Russia over its 2014 military incursion and subsequent annexation of Ukraine's Crimean peninsula, announcing Monday that imports from, investments in and tourism to the territory would remain blocked for an additional year.
The Singapore High Court on Monday enforced a more than $200 million arbitral award to a Macanese investment firm following a dispute over a slot club with several Laotian entities, concluding that, despite some procedural irregularities, there was no evidence the parties had been adversely affected during the underlying arbitration.
Despite decades of industrywide initiatives, movement up the ladder has stagnated for minority lawyers. Here, five industry success stories tell Law360 about the paths they took and what needs to change in BigLaw.
Apple Inc. urged a California federal judge not to force it to arbitrate a $25 million dispute with a Chinese supplier of materials that were to be used for the glass screens on iPhones, calling the company's arbitration bid "blatant gamesmanship and forum shopping."
The top agricultural officials for the U.S. and Canada did their best to patch up their nations’ trade relationship Friday, mere days after President Donald Trump publicly blasted Prime Minister Justin Trudeau at the G7 summit for Ottawa’s tight restrictions on its dairy sector.
Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.
The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.
While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.
Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.
For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.
Mining companies associated with Israeli billionaire Beny Steinmetz that are accusing George Soros of inducing Guinea to ax their iron mining rights asked a New York federal court on Thursday to allow them to depose the business magnate and start collecting evidence even as a related arbitration remains pending.
President Donald Trump’s decision to impose punitive tariffs on Chinese technology in a squabble over intellectual property policy arrived with a wrinkle as the administration primed one set of duties for July while keeping another batch for the future, adding a new layer of intrigue to the sprawling trade fight.
The Court of Arbitration for Sport on Thursday dismissed Albanian soccer club Klubi Sportiv Skenderbeu's request for a stay of the Union of European Football Association's decision barring the team from club competitions for 10 years and imposing a fine of €1 million ($1.2 million) for various match-fixing activities.
A federal magistrate judge in Louisiana has removed a lawsuit from state court against a German insurance company that issued a policy covering a now-bankrupt $300 million heating pellet facility, finding that the matter invokes an international arbitration clause.
A Swedish appeals court has suspended enforcement of a more than $177 million arbitral award issued to a Luxembourg investment firm following the alleged forced sale of its shareholding in a Polish bank, as Poland looks to have the award nixed under a monumental decision issued by Europe's highest court.
The International Association of Athletics Federations recently released new rules for "athletes with differences of sex development," and there is ample basis to attack them as unjustified measures that discriminate against women based on natural characteristics, says Sarah Hartley of Bryan Cave Leighton Paisner LLP.
There is a large pool of creditor claims against Venezuela and its state-owned oil company PDVSA that are not yet in litigation. Until recently, creditors had little incentive to litigate, but that may be changing for two reasons, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
Despite the partiality some courts have shown to live video testimony, it provides no advantages — and several disadvantages — over the tried-and-true method of videotaped depositions, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.
Connecting with potential prospects is now more challenging due to the EU General Data Protection Regulation, meaning that law firm microsites, blogs and social media will become more valuable than ever. The firms that deploy them strategically will increase their relative visibility and accelerate the rebuilding of their opt-in distribution lists, says Stephan Roussan of ICVM Group.
Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.
When counsel finish negotiating and memorializing a business deal, there may be little attention paid to crafting a dispute resolution provision for disputes that may never arise. However, it's important to take the time to craft a straightforward clause that will serve the parties well even when a complex dispute arises years later, says Zela Claiborne of JAMS.
When negotiating a settlement before incurring the costs of arbitration, counsel may leverage the weight of anticipated arbitration costs by means of a "sealed settlement offer" — thereby putting additional pressure on a counterparty to be realistic in calculating the settlement value, says Mintz Levin member Gilbert Samberg.
The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.
The North American Free Trade Agreement's Investor-State Dispute Settlement provision has helped the U.S. domestic energy industry protect its cross-border investments. But the Trump administration has indicated a desire to eliminate the ISDS provision. Energy firms must stay aware of the dynamics of NAFTA renegotiation — and consider how a post-ISDS world would affect their business, say attorneys with WilmerHale.