January 24, 2022

The Global Lawyer: Law = Money + Friction - Law.com

Court fights, regulatory clampdowns, office splits and battles for market share have been themes in the news.

Whether through it or around it, friction is demonstrably the legal industry’s life source. And that has never been more apparent than in the current news.

Take for instance a $100 million dispute that has ignited in the Cayman Islands. Involving a clutch of top firms as well as some renowned offshore firms, the politically-charged case sees a law firm accuse the Kuwaiti government of acting “maliciously” in launching a legal action against a private equity fund which it says misdirected funds owed to it.

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source: https://www.law.com/international-edition/2022/01/24/the-global-lawyer-law-money-friction/

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