NRF head of financial institutions hired by Ashurst in Sydney
Ashurst has hired Norton Rose Fulbright’s financial institutions head for its Asia Pacific project finance team.
Chris Redden joins the Sydney office having advised on many high-profile international and cross-border financings. He is qualified to practice in Australia, the UK and Hong Kong and has extensive experience in all three jurisdictions.
Redden says he decided on the move due to Ashurst’s impressive “global and dynamic” finance practice.
"Chris has a wealth of international experience and technical knowledge which will further enhance our international reputation in the Asia Pacific project finance markets,” said Global co-head of finance Jamie Ng. “His appointment supports our active growth agenda, while providing a significantly broader and stronger offering to both our international and domestic clients. We look forward to welcoming him to the team."
Baker McKenzie launches global class actions tool
Baker McKenzie has launched a tool which gives “at a glance” information on class action mechanisms in 25 jurisdictions.
The interactive tool allows users to compare positions including whether class actions are opt-in, opt-out or representative bodies only; scope of disclosure; and costs.
“An effective litigation strategy across jurisdictions requires an appreciation of potential risk and recovery,” explains Baker McKenzie Class Action Group Co-Chair, Teresa Michaud. "The potential for litigation increases where collective actions are available and amplified further where opt out collective actions and factors that might encourage funding of litigation via that route are in play."
The Global Class Actions: Around the World portal will be regularly updated with details of recent enforcements.
71-year first for the International Court of Justice
The United Nation’s principal legal body is without a UK judge for the first time in its 71-year history.
Based at The Hague, the International Court of Justice has 15 judges who are elected periodically via nominations, voting by the UN security council, and by the general assembly.
The UK’s candidate, Sir Christopher Greenwood QC, was seeking re-election after 9 years on the bench but despite beating India’s Dalveer Bhandari in the security council vote, the general assembly backed Bhandari.