Hunton Andrews Kurth Continues Atlanta Expansion with Addition of Public Finance Attorney Darrell Smelcer, Formerly of the IRS Office of Tax Exempt Bonds

Public finance attorney Darrell Smelzer has joined Hunton Andrews Kurth LLP as a special counsel in Atlanta. Smelcer spent the past decade as a tax law specialist with the Internal Revenue Service and has significant government and private practice experience advising on a spectrum of legal matters related to tax exempt bonds. While at the … Read more

Introducing: FN’s new and improved line-up of newsletters

Dear readers, Over the past few weeks, you might have noticed a bit of a change to how FN looks in your inbox. The great news is that we’ve not only refreshed the design of our agenda-setting updates, but we’re also launching a host of new and exciting newsletters to get your teeth into. In … Read more

Kirkland & Ellis hits Clifford Chance for London finance partner hire

Kirkland & Ellis hired finance partner James Boswell from Clifford Chance in its second poach of a Magic Circle partner this week. Boswell is set to join Kirkland as a debt finance partner in its London office, the US law firm said on September 22. Kirkland said on 21 September that it had hired Allen … Read more

Fiat Chrysler likely to block US sales of Mahindra 4x4s in trademark case

Fiat Chrysler on Monday received a second chance to permanently block US sales of redesigned Roxor off-road vehicles made by Indian carmaker Mahindra & Mahindra Ltd, which is fighting claims that it copied Fiat Chrysler’s Jeep design. The 6th US Circuit Court of Appeals said that a Detroit federal court applied the wrong standard when … Read more

Crisis hit-Sri Lanka to brief creditors on IMF deal for economic recovery

The Sri Lankan government will virtually brief all its external creditors on September 23 on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month … Read more

Return to workplace may ease moonlighting concerns in IT industry: Experts

The issue of moonlighting by tech professionals has ignited a fresh debate, polarizing opinions and raising thorny legal questions, although many believe that staff’s gradual return to office floors will likely ease the concerns. Moonlighting refers to employees taking up side gigs to work on more than one job at a time. With the vexed … Read more

US stocks climb as strong economic data lifts sentiment ahead of Powell speech

US stocks advanced on Thursday with the main benchmarks headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX, +0.61% rose 18 points, or 0.6%, to 4,163. Dow Jones Industrial Average DJIA, +0.15% advanced 22 points, … Read more

Burnout, apathy on the rise as China’s youth face bleak job market

China’s recently reported record-breaking 20% ​​youth unemployment rate has obscured an equally worrying trend among its younger generation: Even those employed are increasingly burned out and “quitting while remaining in the office.” COVID outbreaks have continued to plague the economy, largely because President Xi Jinping has mandated that containment of the virus is paramount regardless … Read more

Courts extremely burdened, mediation necessary: ​​Justice Chandrachud

Supreme Court judge Justice DY Chandrachud has said that courts in India are “extremely burdened” and “desperately congested”, and in view of the alarming rate of high pendency of cases, dispute resolution mechanism like mediation is an important tool. He was delivering Justice YV Chandrachud Memorial Lecture here on Friday after inaugurating the Indian Law … Read more

Opinion: Five reasons high-flyers in the stock market will crash down to earth

It’s never boring these days. Recall that there are times when the S&P 500 goes 100 days or more without making a 1% intraday move. But big moves are the norm nowadays — and they aren’t bullish. Neither is the fact that many of the worst of the low-quality stocks that are still down 80%-90% … Read more