Briefings

New Zealand Law: High Court Revisits Recoverability of Expenses in Takeovers

The High Court has revisited the recoverability of a target company’s expenses for the first time in more than 45 years. The case has important implications for future reimbursement disputes. Recovery of “properly incurred” takeover expenses An offeror must reimburse the target company for any expenses that the target properly incurs in relation to a […]

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Ethics and Artificial Intelligence – The 5 Key Points

CMS Law – The House of Lords Select Committee on Artificial Intelligence (“Lords”) has published a report that puts ethics at the centre of the use and development of Artificial Intelligence (“AI”) within the UK. AI continues to develop in the UK, due to the growth of available data, computer-processing power and improved techniques such

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Bank of England speech on hidden risks in markets: “Bears and Icebergs”

Alex Brazier

Norton Rose – On 26 April 2018, the Bank of England (BoE) published a speech by Alex Brazier (Executive Director for Financial Stability and Risk, BoE) that discusses some of the hidden risks in the market. Mr Brazier explains that there are generally two types of hidden risk which he calls “bears” and “icebergs”. The

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8 Rich Legal Lessons To Be Learnt From The Jurisprudence of Canine Replevin

Bryan Cave – Some years ago, a judge in New York wrote that “the reported cases for replevin of a pet dog are few, in part because of the legal expense involved in maintaining such an action.” Webb v. Papaspiridakos, 889 N.Y.S.2d 884 (Sup. Ct. 2009). That statement was not entirely accurate then, for courts

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A cross-border guide to corporate criminal liability and enforcement

Freshfields – Society’s relationship with business has shifted over recent years, bringing corporate conduct firmly into the spotlight. Often in response to calls for greater corporate accountability, governments and enforcement agencies have increasingly been turning to the criminal law to hold companies liable for misconduct occurring within their organisations or for their benefit. Across various

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Movie Contracts: Are ‘Morality Clauses’ Making a Comeback in the Wake of #Metoo?

Kelley Drye & Warren –  Morality clauses, or morals clauses, are making a comeback in the age of the #MeToo and Time’s Up movements. A sample morality clause in an actor talent agreement may read as follows: Artist shall act at all times with due regard to public morals, conventions and Studio policies. If Artist

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New Bermuda Law Shows Trend Towards Greater Privacy Protection

Eversheds Sutherland – With enactment of the Personal Information Protection Act (PIPA), Bermuda can now count itself among the ever-expanding list of jurisdictions with enhanced privacy protections. PIPA, passed on July 27, 2016, and entered into force in December 2017, shares many of the more stringent requirements and protections with Europe’s impending General Data Protection

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Cryptocurrencies Being Phased Out of Online Advertising

Manatt Phelps & Phillips – Already the target of state and federal regulators, cryptocurrency is now being phased out of online advertising and social media. With three tech giants banning ads, the industry is facing increased hurdles to sustain itself. What happened Beginning in June, Google will block all ads for cryptocurrency with a change

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New Zealand Law: The Big Picture: Takeovers Update

law firm mergers

Bell Gully – ​​Bell Gully’s The Big Picture: Takeovers Update provides an analysis of key observations from takeovers announced in 2017. New Zealand listed companies attracted strong interest from buyers last year, producing the highest level of takeover activity seen in the past decade. In the fourth consecutive year of increased takeover activity in this

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