Dresdner bankers set for bonus case March 8, 2011 COMMERZBANK faces a high-profile lawsuit from 104 of its investment bankers over a bonus dispute, after the Court of Appeal yesterday rejected the bank’s request to dismiss the case. Current and former bankers, who worked for Dresdner Kleinwort before Commerzbank took it over in 2009, are suing to recover €52m (£44.7m) in bonus payments from [...]
Dresdner bankers set for bonus case March 8, 2011 COMMERZBANK faces a high-profile lawsuit from 104 of its investment bankers over a bonus dispute, after the Court of Appeal yesterday rejected the bank’s request to dismiss the case. Current and former bankers, who worked for Dresdner Kleinwort before Commerzbank took it over in 2009, are suing to recover €52m (£44.7m) in bonus payments from [...]
SME owners say that bank lending problem damages London’s image November 4, 2010 BANKS’ continuing reluctance to lend to small businesses in London is damaging the capital’s reputation as a place to do business, says a report by law firm Mishcon de Reya and the London Chamber of Commerce and Industry. Of 170 small business owners in London who were interviewed 62 per cent said that they have [...]
FSA will flex its muscles over bonuses October 5, 2010 MISHCON DE REYA CITY bonus rounds are always an interesting time, but this year’s promises to be more fascinating than most. This is because it is the first time we will see the impact of the new version of the Financial Services Authority (FSA) Remuneration Code. The first version of the code, which was introduced [...]
Clash of cultures can scupper law firms’ mergers September 7, 2010 THE Americans are coming. Hammonds has become the latest firm to announce that it is to merge with a US firm, confirming last week that it is to link up with Squire Sanders. It follows the merger of Hogan & Hartson and Lovells earlier in the year, and the announcement that SJ Berwin is talking [...]
City men should think of pre-nups July 14, 2010 PARTNER, MISHCON DE REYA A DECADE ago this October, English divorce law was revolutionised by the case of White v White. Firstly, it recognised the non-financial contributions of the wife, and secondly it said that the default position when dividing assets at the end of a marriage should be to share them equally. Given this [...]
CITY VIEWS: IS THE LOCAL PUB IN DANGER? March 31, 2010 ANDREW HARPER | AON CONSULTING “Fancy wine bars have put local pubs in danger, but the economic downturn is having a greater effect. High levels of taxation aren’t helping either.” JOHN YOUNG | MISHCON DE REYA “In my neck of the woods, I’ve definitely seen a lot of pubs closing. I think it’s partly because [...]
CITY EYE February 11, 2010 CITY workers toast their fundraising efforts for the SOS Children’s Haiti Appeal yesterday evening at Leadenhall Market, after donning antiquated headgear for the second annual Bowler Hat Day. The event saw a number of Square Mile grandees taking part, including Cardew Group chairman Anthony Cardew and Strand Hanson chairman and chief executive Robert Hanson and [...]
JJB Sports claims Mike Ashley’s tale of events on controversial loan is false July 8, 2009 TROUBLED JJB Sports yesterday claimed that Sports Direct owner Mike Ashley’s version of events regarding a loan payment to Sir David Jones were “false.” In an escalating row between the two sportswear retailers, Ashley’s team of lawyers, Mishcon de Reya, were yesterday understood to be working flat-out on a denial of JJB Sports’s statement to the [...]
JJB Sports claims Mike Ashley’s tale of events on controversial loan is false July 8, 2009 TROUBLED JJB Sports yesterday claimed that Sports Direct owner Mike Ashley’s version of events regarding a loan payment to Sir David Jones were “false.” In an escalating row between the two sportswear retailers, Ashley’s team of lawyers, Mishcon de Reya, were yesterday understood to be working flat-out on a denial of JJB Sports’s statement to the [...]