All in Commercial
A survey published yesterday of UK law firm partners at firms with 50 or more lawyers revealed that almost a third of these firms are ‘actively considering’ an initial public offering within the next 18 months. This article examines why this may be, drawing attention to the opportunities for growth which the pandemic has presented. It then looks at DWF as an example of a previous law firm IPO and considers why some may view the practice as a dubious prospect.
In the recent case of Pakistan International Airline Corporation v Times Travel (UK) Ltd, the UK Supreme Court has ruled on the area of economic duress, bringing some needed clarification to the law.
Last month, Allegro.eu, which is owned by the private equity firms Cinven, Permira, and Mid Europa Partners, announced its initial public offering. The leading Polish online marketplace sent shockwaves throughout the European economy as it raked in USD 11.2 billion on its first day as a publicly traded company.
Covid-19 has spread all over China, preventing companies from performing their contractual obligations and has left them wondering if they are permitted to escape their obligations of payment or penalty fees without legal liability. This note explores if companies would be able to rely on legal mechanisms such as force majeure or hardship clauses to mitigate liabilities caused by the failure to perform contractual obligations.
Litigation relating to the USA’s opioid crisis continues in an attempt to hold pharmaceutical companies to account. In light of the recent case brought by the State of Arizona, it is crucial to consider the extent of the role played by courts in allotting culpability.
The possible merger between Sainsbury’s and Asda would be one of the biggest in the UK retail industry. The CMA (Competition and Markets Authority) has initiated an extensive competitive assessment as to the potential implications of the tie-up between the two supermarket chains.
