Month: July 2012

Judge Balks at Dewey’s Bankruptcy Bonuses

Law firm culture seems to be coming up against bankruptcy law, as the ongoing Dewey & LeBoeuf saga took an interesting turn this week. The firm had hoped to pay employees that are helping wind down operations — people in HR, finance and IT mainly — a bonus totalling $450,000. This is chump change compared

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US cloud vendors: foreign vendors spreading fear about US privacy laws

As privacy lawyer David Fraser highlighted in his blog, a US House of Representatives Judiciary Committee hearing recently showed how US cloud computing vendors are concerned that unwarranted fear is being spread by non-US vendors about privacy protections in the US, discouraging the use of American cloud vendors. CIO (a trade publication for chief information

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Commentators weigh in on CNOOC Bid for Nexen

The $15.1-billion bid by Chinese state oil company CNOOC for Nexen, has sparked analysis far and wide about both the merits and the drawbacks of the deal, with commentors such as Lexpert-ranked competition lawyer Oliver Borgers of McCarthy Tétrault LLP weighing in on its likelihood to receive approval from Ottawa:  “It so far appears to be a mutual two-way street. Canada has made it

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Sunrise Propane decision released

An important decision by the Ontario Superior Court of Justice on Sunrise Propane, in connection with the propane explosion in Toronto in August, 2008, was released yesterday. Here is a link to the decision: Durling v. Sunrise Propane Energy Group Inc. 2012 ONSC 4196

Frank Walwyn of WeirFoulds named Distinguished Visiting Scholar at Ryerson University

WeirFoulds LLP litigation partner Frank Walwyn, was appointed as a distinguished visiting scholar at Ryerson University’s The Chang School last week. Walwyn – who is called to the Bars of Ontario, St. Kitts and Nevis, Dominica, Anguilla, Antigua and Barbuda, the British Virgin Islands and Belize – participates in numerous community initiatives and boards, including the Canadian Association of Black Lawyers, where

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Managing Partner: McCormick decision important for success of firms

Managing Partners at Canadian law firms across Canada no doubt breathed a sigh of relief after yesterday’s BC Court of Appeal ruling found that there was no employment relationship between Fasken Martineau DuMoulin LLP and partner John McCormick, who did not want to abide by the firm’s mandatory retirement policy. The firm is quoted in

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Paul Hastings lawyer defends IFRS conversion: ‘Even Canada has converted’

What was supposed to be a tipping point in the global harmonization of accounting standards has turned into yet another disappointment. Last Friday, as reported in Accountancy Age, the Securities and Exchange Commission (SEC) issued a report that many in the financial regulatory community were hoping would finally decide whether — and if so, when

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Pfizer, RBC, GSK, Tyco, Whirlpool: ACC ‘Value Champions’ panel on alternative fee arrangements

This morning, the Association of Corporate Counsel (ACC) hosted a fascinating panel discussion on non-hourly legal fee arrangements and how they can be used to reduce corporate legal spend. The panel of ACC “Value Champions” included such heavyweights as: Ellen Rosenthal, chief counsel and vice-president of Pfizer Inc. (which through its “Legal Alliance” program has

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Advocatus Emeritus honourees announced

The Barreau du Québec named its 21 Advocatus Emeritus honorees for 2012 on Tuesday. The designation – created in 2007 – honours “members who gain distinction as a result of their outstanding professional career, outstanding contribution to the profession or outstanding social and community standing that has brought honour to the legal profession,” according to the Barreau website. All are

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Reporting from Calgary: Donahue alumni reunited

Torys Calgary is gaining two regulatory lawyers from Stikemans: Lou Cusano, its former Calgary managing partner, and David Wood. Just yesterday on this blog we were ruminating about certain firms, which no longer exist or are much changed and have a (dare we say) emotional spirit long-remembered by their alumni. And just as middle-aged people

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