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Kenya takes first steps towards legal market liberalisation

Kenya’s notoriously closed legal market is taking the first steps towards liberalisation with confirmation that a committee has been established to review its Advocates Act. The review could pave the way for foreign firms to open their own offices in the jurisdiction. Currently, independent firms associated with foreign outfits are not permitted to use the…

Thorntons secures three-way Scottish merge

Scottish law firms Thorntons, Murray Donald and Steel Eldridge Stewart are to merge later this year to create the largest law firm in eastern Scotland. The expected £20m firm will be headed up by joint Thorntons managing partners Craig Nicol and Scott Milne and be known as Thorntons. No jobs will be lost in the…

Clydes launches fifth US office with Orange County base

Clyde & Co has hired two partners from US firm Keesal, Young & Logan to establish its fifth US office in Orange County, Southern California. Marine partners Joe Walsh and Frances Keeler launched the office with two associates in temporary office space in Newport Beach today. Walsh will head the team, which will focus on…

Stephenson Harwood and Travers Smith advise on P2PGI IPO

Stephenson Harwood and Travers Smith took key roles on the launch and flotation of peer-to-peer (P2P) loans business P2P Global Investments (P2PGI) on the London Stock Exchange’s main market. The IPO has made P2PGI the first ever UK-listed company dedicated to investing in loans originated by global P2P and online lending platforms. P2P lending platforms…

Qatar 2022 bid committee instruct Schillings over World Cup bribery claims

The Qatari bid committee is understood to have turned to Schillings for advice following allegations of corruption during the World Cup bidding process. The committee have denied claims of bribery linked to the World Cup, after a Sunday Times report claimed that football officials had received up to £3m to tilt the 2022 bid towards…

KWM Hong Kong partners Kwok and Chan quit to launch boutique

King & Wood Mallesons (KWM) has been hit by the exit of a pair of heavyweight Hong Kong partners, Larry Kwok and Conrad Chan, who will leave the firm next week with a clutch of associates. Kwok, who was managing partner for Asia strategy and markets at King & Wood Mallesons, is expected to launch…

Herbies finalises disputes management line-up with Carrington named EMEA head

Herbert Smith Freehills (HSF) has named London-based partner Philip Carrington as EMEA disputes head, while in Paris Isabelle Michou becomes head of disputes. The move comes just months after HSF named Hong Kong based partner Justin D’Agostino as its new global dispute resolution head (19 March 2014). D’Agostino succeeded incumbent Sonya Leydecker, who was promoted…

New Registry of Linked Subjects

On December 19 2013, the Tax Authorities issued the General Resolution No. 3572 (the “Resolution”). The Resolution establishes the creation of a Registry of Linked Subjects (the “Registry”), in which the following must be registered on mandatory basis: taxpayers and/or those responsible resident in Argentina whose earnings are of third rate, and who keep certain…

Charles Russell signs Saudi agreement for Middle East expansion

Charles Russell has signed a formal association agreement with independent Saudi Arabian firm Al-Soaib, gifting it its third foothold in the Middle East. The firm already has a presence in Bahrain and Qatar, launching the latter office just last year (15 August 2013). The two firms have worked together in the past, particularly on corporate,…

Never a Dull Moment in Argentina (Canosa Abogados)

It seems that there will be plenty of news from Argentina in 2014. The legal environment is defined by the economy’s appetite for dollars and the need to break the inflation fever that has recently broken out. The last few weeks have proven particularly vertiginous. To give an example, the unofficial rate of exchange on…