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Law in 101 words

17 September 2015 / Roderick Ramage
Issue: 7668 / Categories: Features
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Snippets from The Reduced Law Dictionary, by Roderick Ramage

A contract is a contract is a contract

In 2008 Allianz agreed to sell Dresdner Bank to Commerzbank. The services of Fox and others would not be needed, and Dresdner made termination agreements with them including provisions for severance payments and bonuses on condition that they continued until the termination date to work for Dresdner in its best interests. The new managements claimed that, following the financial crisis and its effect on Dresdner, the employees’ best interest duty required them to relinquish the agreed severance and other payments and accept lower payments. The court held that the changed circumstances did not require the employees to relinquish their contractual rights.

Knitting yarn—deregulation of

With effect on 26 May 2015, the Deregulation Act 2015 revoked the Weights and Measures (Knitting Yarns) Order 1988, by which knitting yarns made up in advance ready for retail sale in a securely closed container had to be sold only by net weight in grams, and knitting yarns not so made up had to

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MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Ceri Morgan, knowledge counsel at Herbert Smith Freehills Kramer LLP, analyses the Supreme Court’s landmark decision in Johnson v FirstRand Bank Ltd, which reshapes the law of fiduciary relationships and common law bribery
The boundaries of media access in family law are scrutinised by Nicholas Dobson in NLJ this week
Reflecting on personal experience, Professor Graham Zellick KC, Senior Master of the Bench and former Reader of the Middle Temple, questions the unchecked power of parliamentary privilege
Geoff Dover, managing director at Heirloom Fair Legal, sets out a blueprint for ethical litigation funding in the wake of high-profile law firm collapses
James Grice, head of innovation and AI at Lawfront, explores how artificial intelligence is transforming the legal sector
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