| Domestic Law Firms Face Tough Competition
The opening of the legal market has become unavoidable due to the free trade agreement with the U.S. Experts say that domestic law firms will have to undergo serious structural reforms after the market opening unless their competitiveness is immediately strengthened. The Dong-A Ilbo asked five renowned lawyers, including four East Asian regional partners of top 20 U.S. law firms and an international arbitration lawyer of a domestic law firm, about their opinions on the prospects of the legal market after its opening. The paper either personally met or interviewed them through email and phone on Monday and Tuesday; the five legal experts were Kim Gap-yoo of Bae, Kim & Lee, Alan Kim of Sidley Austin, Eric Yoon of White & Case, Park Jin-hyuk of Simpson Thacher & Bartlett, and Han Jin-deok of Cleary Gottlieb Steen and Hamilton.
Federal judge says 38 more Miss. Katrina court cases settled in ...
GULFPORT, Miss. A federal judge says 38 more Mississippi Hurricane Katrina insurance cases are being settled during court-ordered mediation. U-S District Judge L- T- Senter Junior's office says more mediations will begin in May. Some cases also might be sent to a new nonbinding arbitration process established by Insurance Commissioner George Dale. Mississippi Department of Insurance records show that of the 3-thousand-381 cases sent to its program, two thousand-797 or 83 percent, have been settled. Mediations ordered in U-S District Court totaled 153 with 74 settled, or 48 percent. Dale has ordered insurers to notify all policyholders with disputed claims that they have a right to arbitration. Policyholders should receive those notifications by mid-April. The American Arbitration Association is administering both programs.
Foreign Ministry Spokesman Liu Jianchao's Regular Press Conference ...
On the afternoon of April 17, Foreign Ministry Spokesman Liu Jianchao held a regular press conference and answered questions on the Six-party Talks, the shooting incident in Virginia Tech University, Premier Wen's visit to Japan, Sudan's full acceptance of the 2nd phase of the Annan Plan, climate change and etc. Liu: Good afternoon, ladies and gentlemen. Let me start with several announcements. First, at the invitation of Chinese President Hu Jintao, Prince Albert II of the Principality of Monaco will pay a state visit to China from April 24 to 27. Second, at the invitation of the Chinese Government, Senior Minister Goh Chok Tong of the Republic of Singapore will pay a visit to China and attend the opening ceremony of the Expo Central China 2007 from April 23 to 26.
Arbitration adjourned as Jet, Sahara lawyers meet up
NEW DELHI/MUMBAI: The legal battle between Jet Airways and Air Sahara took a curious turn on Monday with the arbitration panel adjourning the much-awaited hearing by a day. However, the battery of high-profile lawyers representing the warring sides were in meeting till late on Monday evening at a five-star hotel in Mumbai. Though there was no official confirmation, sources indicated that the arbitration panel — headed by Justice Lord Stein of the UK — and the two arbitrators representing the respective companies (former chief justice of India SP Bharucha represents Jet while Sahara group is represented by Justice BP Jeevan Reddy, a Supreme Court judge) have told the lawyers to look for a mutually acceptable solution. Sources indicated that if the lawyers were not able to reach a consensus over the next 48 hours, the arbitration panel would then hear out the respective pleas and deliver its decision (which will be binding on both parties) within the next two weeks.
|
