Latest news headlines
International law firm Clyde & Co advised Whittington Group, the Singapore-headquartered insurance services and investment business, on the sale of its direct-to-consumer online operation DirectAsia to Hiscox plc, a subsidiary of Hiscox Ltd., an international insurance specialist insurance group listed on the London Stock Exchange (LSE:HSX), for a consideration of USD 55 million plus earn out over a period of four years.
In an important decision for the P&I industry, on 6 March 2014 the Court of Appeal has ruled that a Limitation Fund can now be constituted by way of a Letter of Undertaking ("LOU") given by a P&I Club, as opposed to a cash payment into court.
Clyde & Co is pleased to introduce an apprenticeship scheme for school leavers within their Manchester-based Personal Injury team. The scheme sees Clyde & Co join a small number of Manchester based firms offering alternative paths to a legal career, providing apprentices with a unique first step into the profession.
The recent relaxation of international sanctions within certain sectors, and the increasing realisation that Iran is a huge untapped market is capturing the interest of regional and international businesses, as evidenced by a recent seminar jointly organised by Clyde & Co, and ME-based strategic advisory firm, Incubeemea.
Trade & Export Middle East has named Clyde & Co's shipping and international trade team as the Maritime Law Firm of the Year 2014.
Clyde & Co's global aviation finance team has advised clients VietJetAir and Nok Air on new aircraft orders announced at the Singapore Airshow 2014 last week totalling around USD 11 billion at published manufacturer list prices. In total, Clyde & Co is advising on circa USD 15 billion worth of orders from the show.
International law firm Clyde & Co has expanded its regional corporate practice with the appointment of Barton Hoggard and Lee Keane, bringing total MENA-region partner numbers to 37, and corporate partner numbers to 15 across the firm's five regional offices.
After advising on transactions with a total deal value of USD 3 billion in December, this is hard evidence that M&A activity is returning to the insurance market says Clyde & Co.
Around 40 insurers, reinsurers, brokers and run-off managers attended a seminar held at Clyde & Co’s office in Paris on Friday to discuss the challenges and opportunities of the European run-off market.
Clyde & Co is pleased to announce that Richard Moody is joining the firm's professional disputes team, also working with the construction disputes team, as a partner in London.