Law Firm News

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Law Firm News

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Fried, Frank, Harris, Shriver & Jacobson, L.L.P.

Fried Frank Earns Recognition in Six Areas in the Latest Edition of The Chambers Global Guide
New York, NY, January 20, 2006 — Chambers Global: The World’s Leading Lawyers For Business named Fried Frank as a leading law firm with ranked lawyers in Bankruptcy, Capital Markets, Competition/Antitrust, Corporate/M&A, International Arbitration and Tax. The firm’s rankings were across offices, highlighting Fried Frank’s presence in Europe and the USA.
The Firm’s Bankruptcy Practice was ranked in the USA, with New York partner Brad Scheler ranked and Paris partner David Chijner ranked in France.


The Firm’s Capital Markets Practice was ranked in the USA, with New York partner Valerie Jacob ranked.


The Firm’s Competition/Antitrust Practice was ranked in the USA, with Washington partner Rick Rule ranked.


The Firm’s Corporate/M&A Practice was ranked in the USA, with New York partner Arthur Fleischer ranked in the USA and Paris partners Patrick Jais and David Chijner ranked in France.


The Firm’s International Arbitration Practice was noted on the Global level with the Guide ranking Washington partner Elliot Polebaum.


The Firm’s Tax Practice was ranked in both the USA and the United Kingdom. Washington partner Alan Kaden was ranked in the USA and London partners, Keith Featherstone, Robert Gaut and Martin Rowley, were noted in the United Kingdom.


The Chambers Global Guide, Chambers UK, and Chambers USA conducts research utilizing a methodology approved by the British Market Research Bureau. In depth interviews with clients and lawyers are done over the telephone, each one lasting about half an hour. For the current Global directory, over 6,500 interviews were conducted covering 170 countries by a team of 30 full time researchers over a 12-month period.

01-20-2006

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Dorsey & Whitney, L.L.P.

Ten Additional Dorsey Attorneys Listed in Best Lawyers of America
MINNEAPOLIS (Jan. 20, 2006) — The international law firm of Dorsey & Whitney LLP today announced that ten additional Minneapolis attorneys were named in a special poll of the Minnesota legal community conducted by The Best Lawyers in America. Twenty-six Dorsey attorneys were recently named to the 2006 edition of Best Lawyers. Recognized by both the legal profession and the general public as the preeminent guide to legal excellence in the United States, The Best Lawyers in America selects attorneys based on an survey in which top lawyers confidentially evaluate their peers. Results of this latest survey will appear in The Best Lawyers in America 2007.

Dorsey lawyers from a broad range of legal practice areas – including commercial litigation, intellectual property, corporate, and employment law – made the list.

“We’re proud to receive this external validation of our attorneys’ good work,” said Peter Hendrixson, Dorsey managing partner. “The Best Lawyers in America is respected as a source of independent, unbiased information on the legal profession.”

01-20-2006

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Dorsey & Whitney, L.L.P.

Dorsey & Whitney Ranked Among the Top M&A Law Firms in the U.S and Canada
Dorsey ranked second among law firms for the number of U.S. merger and acquisition (M&A) deals completed during 2005. Meanwhile, according to Thomson Financial, the Dorsey Canada practice, anchored by offices in Toronto and Vancouver, ranked seventh among Canadian and global law firms for the number of transactions completed in Canada's booming M&A market. An article in The Globe and Mail describes how a new influx of international buyers has stoked the flow of mergers and acquisitions in Canada to its highest level since the technology boom of 2000.

01-20-2006

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Dorsey & Whitney, L.L.P.

Ten Additional Dorsey Attorneys Listed in Best Lawyers of America
MINNEAPOLIS (Jan. 20, 2006) — The international law firm of Dorsey & Whitney LLP today announced that ten additional Minneapolis attorneys were named in a special poll of the Minnesota legal community conducted by The Best Lawyers in America. Twenty-six Dorsey attorneys were recently named to the 2006 edition of Best Lawyers. Recognized by both the legal profession and the general public as the preeminent guide to legal excellence in the United States, The Best Lawyers in America selects attorneys based on an survey in which top lawyers confidentially evaluate their peers. Results of this latest survey will appear in The Best Lawyers in America 2007.

Dorsey lawyers from a broad range of legal practice areas – including commercial litigation, intellectual property, corporate, and employment law – made the list.

“We’re proud to receive this external validation of our attorneys’ good work,” said Peter Hendrixson, Dorsey managing partner. “The Best Lawyers in America is respected as a source of independent, unbiased information on the legal profession.”

01-20-2006

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Dorsey & Whitney, L.L.P.

Dorsey & Whitney Ranked Among the Top M&A Law Firms in the U.S and Canada
Dorsey ranked second among law firms for the number of U.S. merger and acquisition (M&A) deals completed during 2005. Meanwhile, according to Thomson Financial, the Dorsey Canada practice, anchored by offices in Toronto and Vancouver, ranked seventh among Canadian and global law firms for the number of transactions completed in Canada's booming M&A market. An article in The Globe and Mail describes how a new influx of international buyers has stoked the flow of mergers and acquisitions in Canada to its highest level since the technology boom of 2000.

01-20-2006

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Davies, Ward, Phillips & Vineberg, LLP

Flash: AMF Announces That it Will Impose Administrative Penalties Upon Reporting Issuers and Insiders for Certain Late Filings
Delinquent Reporting Issuers and Insiders
The AMF announced that, as of January 1, 2006, it will impose administrative penalties upon reporting issuers or insiders who fail to file, within the requisite delay, the documents or reports prescribed under the Securities Act (Quebec). The AMF has indicated that it will automatically impose penalties with respect to the following:

reporting issuers who fail to file annual or quarterly financial statements, MD&A or annual information forms; and
insiders who fail to file initial insider reports or change reports to disclose changes in their beneficial ownership of securities or the registration of the insider's securities in the name of a third party.
Currently, the legislation requires most reporting issuers to file annual financial statements, annual MD&A and annual information forms within 90 days of the end of their fiscal year. Interim financial statements and the attendant MD&A must generally be filed within 45 days of the end of the issuer's relevant fiscal quarter. Insider reports are typically required to be filed within 10 days of becoming an insider of a reporting issuer and within 10 days of any change in the insider's registered or beneficial ownership in securities of the issuer.

The monetary penalties assessable under the amended Regulations to the Securities Act will be $100 per business day and per document against delinquent reporting issuers and $100 per day and per failure to report in the case of delinquent insiders. In both cases, the maximum fine cannot exceed $5,000 per fiscal year, for reporting issuers or per failure to file, for insiders.

No Hearing Provided

The new Regulations provide that penalties will be assessable by the AMF upon simple notification to the party in default. The penalty can be imposed by the AMF without any hearing and it is unclear whether it is subject to review by the Bureau de décision et de révision en valeurs mobilières in the same manner as are AMF decisions. In imposing penalties upon late filings by reporting issuers and insiders, securities regulators in Quebec have joined the ranks of their counterparts in Ontario and British Columbia, who recently began levying such late filing fees upon reporting issuers and insiders.

Continued Emphasis on Enforcement Efforts

The amendments to the Regulations are the latest in a series of enforcement measures which have been adopted by the AMF in the last two years in an effort to crack down on delinquent filers. The AMF not only monitors compliance by reporting issuers and insiders with their filing requirements, but publishes a list of “delinquent filers” in the AMF's Weekly Bulletin. In addition, the AMF has prosecuted frequent or repeat offenders before the criminal division of the Court of Quebec, seeking fines of up to $2,000 per infraction. This is consistent with statements made by Mr. Jean St-Gelais, the AMF's President and CEO, to the effect that one of the main objectives of the AMF is to increase enforcement activities in the financial sector.

Beginning in 2006, reporting issuers and insiders in Quebec should be particularly vigilant in fulfilling their disclosure and reporting obligations in a timely manner so as to avoid the monetary consequences attendant with failures to do so.

If you have any questions regarding the foregoing, please contact Anthony Wilson (514-841-6572) or Maryse Bertrand (514-841-6460) in the Montréal office.

Davies Ward Phillips & Vineberg LLP, with over 235 lawyers, practices nationally and internationally from offices in Toronto, Montréal, New York and an affiliate in Paris and is consistently at the heart of the largest and most complex commercial and financial matters on behalf of its North American and overseas clients.

The information and comments contained herein are for the general information of the reader and are not intended as advice or opinions to be relied upon in relation to any particular circumstances. For particular applications of the law to specific situations, the reader should seek professional advice.



01-20-2006

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Crain, Caton & James, P.C.

Sarah Patel Pacheco will be speaking on probate taxation and administration at the State Bar of Texas' 7th Annual Building Blocks of Wills, Estates, and Probate Course. Sarah has also been named as the course director of the 2006 State Bar of Texas Advance Course on Estate Planning and Probate

01-20-2006

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