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Outlook Billionaire Thomas Sandell is making it quite clear that it will take more than a couple of paracetamol to handle the headache he is causing for FirstGroup.

Law Update: Russian link

LINKLATERS & PAINES is to act for the local administration of Chelyabinsk, a major centre for Russia's defence and nuclear weapons industry, in negotiations with foreign investors. The appointment was made in conjunction with the Russian government's Academy of National Economy.

Branson to demand 'millions' from BA

RICHARD BRANSON will demand 'many millions of pounds' in compensation from British Airways when he meets Sir Colin Marshall, the airline's beleaguered chief executive, tomorrow. The claim follows BA's apology for running a dirty tricks campaign against Mr Branson's airline, Virgin Atlantic.

King cleared by internal BA review

LORD KING, chairman of British Airways, and Sir Colin Marshall, his designated successor, have been cleared over the 'dirty tricks' campaign waged against Virgin Atlantic by an internal review carried out on the orders of the airline's non-executive directors.

Bunhill: John Turnbull

MORE on that British Airways-Virgin libel settlement. The man who negotiated the humiliating apology on BA's behalf is John Turnbull of Linklaters & Paines, the City solicitors. Ironically, not so long ago, Mr Turnbull was advising on what was one of the most aggressive and effective campaigns in recent times - for ICI against a possible bid from Hanson.

Law Report: Takeover of airline not a European matter: Regina v Secretary of State for Trade and Industry and another, ex parte Airlines of Britain Holdings plc and another - Court of Appeal (Lord Justice Neill, Lord Justice Beldam and Lord Justice Kennedy), 4 December 1992

The Secretary of State for Trade and Industry had no duty to have regard to article 86 of the Treaty of Rome (the EEC Treaty) when deciding whether to refer to the Monopolies and Mergers Commission, under the Fair Trading Act 1973, the proposed acquisition by British Airways plc of Dan Air Services Ltd and other assets of Davies & Newman Holdings plc.

Law Report: Disclosure orders are not limited: Re British & Commonwealth Holdings plc (No 2) - House of Lords (Lord Keith of Kinkel, Lord Ackner, Lord Jauncey of Tullichettle, Lord Lowry and Lord Slynn of Hadley), 29 October 1992

The court's power, under section 236 of the Insolvency Act 1986, to grant the administrator of a company an order for discovery of information, was not limited to those documents required 'to reconstitute the state of the company's knowledge', so long as the court was satisfied that the administrator reasonably required to see the documents to carry out his functions and their production did not impose an unnecessary and unreasonable burden on the person required to produce them.

Case is closed for ever-rising lawyers' fees

LONDON's leading law firms performed better than they expected in achieving a small rise in turnover in the last financial year.

Norton Rose tops legal bid table

NORTON ROSE has become the leading law firm for financial advisers and companies involved in UK public takeovers after acting for Hongkong and Shanghai Banking Corporation's pounds 3.7bn bid for Midland Bank. The firm was top in terms of number of deals and value of transactions during the first six months of this year, according to Acquisitions Monthly.

Yeoman shares delisted

SHARES in Yeoman International Group, the Irish leasing company that is suing SG Warburg and Linklaters & Paines for pounds 125m, have been delisted from the London Stock Exchange, writes Jason Nisse.

Smaller law firms do well in survey

ASHURST Morris Crisp is one of the top three company and commercial law firms in the UK, despite being only 19th in terms of number of fee earners, according to the latest edition of The Legal 500 published today.
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