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NEWSLETTER: JULY 2019

FYI from CYK
News and insights on global commercial disputes

Welcome to FYI,  Cooke, Young & Keidan’s newsletter.  This edition includes our views on the future for boutique law firms, how unexplained wealth orders are being used to tackle money laundering in the London property market, and practical advice on using freezing orders. 
 

We hope you’ll find it readable and thought-provoking, and if you have any comments or suggestions then do get in touch.

The view from CYK: evolve or get swallowed up?  The future for London’s legal boutiques

As we celebrate our 10th anniversary, we’re clearly very aware that we have profited from some major changes in the international legal market over the last decade or so.  The fall-out from the 2008 financial crash, combined with some long-overdue restructuring amongst major law firms, saw the rise of high-end, specialist boutiques in both the UK and the US. 
 
However, as the wave of litigation against the banks that drove much of this growth has died away, boutiques like CYK have had to reassess their position in the market if they are to continue to thrive and remain independent.  We recently contributed this overview of the market, and the prospects for boutique firms, to fivehundred, the Legal 500’s magazine. 

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Unexplained wealth orders and the London property market

The National Crime Agency (NCA) has just obtained another round of unexplained wealth orders (UWOs) to investigate multi-million-pound properties in London. But what are they and how are they being used?   Philip Young and Shamilee Arora recently took a closer look for Economia.

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Going nuclear? Freezing orders in practice

Freezing orders are often seen as a drastic option in the English courts, with a delicate balance needed between urgency and completeness.  Sam Roberts, Rosie Wild and Jake Calvert recently wrote an in-depth guide for Practical Law on the key issues for consideration when a client is considering whether to apply for, or is served with, a freezing order. 
 

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Facebook's Libra: a disruptive influence?

Facebook has recently announced the launch of its own cryptocurrency amid much fanfare and speculation.  In a recent article for Economia CYK associate Peter Stewart examines the disruption Libra could cause to governments, regulators and financial markets.

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Liberté, égalité... penitentiary?

 Senior Associate Sam Roberts reports for Legal IT on the French Government’s surprising decision to ban statistical analysis of French judges’ reported decisions, with a maximum potential penalty of five years in prison.  

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CYK's news

India-related litigation is an important part of our practice and we were delighted to sponsor a recent major two-day conference on India Disputes, and to welcome a number of of the firm’s friends from India to London.  You can read a brief write up of the conference here
 
We were also delighted to be a Finalist for Litigation Team of the Year at The Lawyer Awards, up against some very august company.  You can read more about this and our other news and media commentary here, including details of the successful dismissal of an injunction application brought by CYK for an ex-Schillings partner, including an indemnity costs order against his former firm.
 

We attend a wide variety of conferences and networking events and some of our forthcoming engagements are set out below. If you are also attending any of these and would like to meet up, then do get in touch:
 

What next?

If this newsletter has sparked thoughts or questions please email us at  info@cyklaw.com or visit our website at www.cyklaw.com to find out more about our approach. 
CONTACT US
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