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02 June 2017
Issue: 7748 / Categories: Case law , Law digest , In Court
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Costs

Re the RBS Rights Issue Litigation [2017] EWHC 1217 (Ch), [2017] All ER (D) 173 (May)

The Chancery Division ruled, on an application by the defendants in the Royal Bank of Scotland rights issue litigation, that Hunnewell BVI, a company which had been identified as having provided funds to assist the claimants in their claims, should provide security for the defendants’/applicants’ costs of £7.5m.

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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