Company & Commercial
Insolvency law “entirely capable” of dealing with digital assets
English insolvency law is “entirely capable of convenient and sensible application to disputes concerning digital assets”, an expert panel has declared.
$1.8m negligence claim against City law firm “must go to trial”
A businessman’s $1.75m negligence claim against City law firm Clyde & Co for allegedly failing to advise him properly on the risk of an anti-suit injunction “must go to trial”, the High Court has ruled.
Were lawyers complicit in Post Office’s corporate governance failures?
A solicitor who acted for three wrongly convicted sub-postmasters has questioned whether lawyers advising the Post Office’s board were more motivated by continuing the retainers.
High Court strikes out top footballer’s negligence claim against law firm
The High Court has struck out a £6m negligence claim brought by a former Premier League footballer against City firm Charles Russell Speechleys.
Specialist lawyers publish free AI contract clauses
The Society for Computers and Law has launched a set of free contractual clauses for transactions involving artificial intelligence.
Law Commission wants digital assets to be “third category of thing”
The Law Commission has called for new legislation to create a “third category of thing”, which is neither “a thing in action nor a thing in possession” but could include certain digital assets.
Nearly half of companies swapped external lawyers in last year
Law firms can not assume they have a fixed place on a client’s roster, with 45% of clients changing which practices they allocate work to in the past year, new research has warned.
Law firm’s negligent advice to football club owner caused no loss
A law firm advising on a dispute over the sale of Sheffield United FC was negligent, including in failing to advise that it had an own-client conflict, the High Court has ruled.
Digital securities “can be accommodated” within existing English law
The most common types of digital securities can “easily be accommodated” within existing English law, the UK jurisdiction taskforce of the LawTech Delivery Panel has concluded.
Solicitor’s visual modelling start-up receives £3m funding boost
A start-up founded by a City solicitor that creates visual models of complex legal transactions is aiming to double in size by the end of next year after raising almost £3m in funding.