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ChiefOfficers.Net

Australian law firm Clayton Utz has, this morning, announced that 14 partners have resigned. They will join a newly established office of London-based giant Allen & Overy.

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As GM continued its shutdown of SAAB, Genii Capital said that that was the final straw and pulled out of discussions. That was yesterday morning in Europe. By yesterday morning in the USA, GM had announced it had, at last done a deal to sell what's left of SAAB. It would, the company said, go to Spyker after all, and the shutdown would be suspended immediately.

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Take a shoe box and turn it into an aerodynamic shape, forge it in lightweight materials and mount it on a chassis that is more space than frame; stick a large but lightweight engine in the middle and paint it dark green with a wide mustard stripe down the middle, from front to back. And now, the finishing touch: yes, it's a Lotus badge. Oh, and one last thing: that paper fluttering in the driver's hand: it's his entry form for the Lotus Evora Cup.

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After almost a decade of losses as GM moved SAAB from its quirky but profitable models to standardised boxes built from the GM parts bin, the final attempt to save the company has failed. As Spyker dropped out of negotiations, GM says it is starting a wind-down of operations.

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Saying that it could not reach agreement with its consortium partners over a strategy to move SAAB from mass market to premium brand, Koenigsegg has told both GM and the consortium that it's not going ahead with the deal announced in June.

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A stark press announcement from Volkswagen Group Malaysia says that VW Cars Sdn Bhd is no longer an authorised dealer for the marque which is just beginning to introduce models to the Malaysian market that have been hankered over for some time but not available through authorised channels.

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Whilst major motor manufacturers are struggling, specialist sportscar manufacturer Lotus is expanding its R&D and production facilities. And it has full order books.

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Five foreign subsidiaries of Thermon Manufacturing Company, a San Marcos, Texas-based firm, have agreed to pay a total of USD176,000 in combined civil penalties.

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Lotus Engineering is using the recession to develop and launch a range of new ecology and economy-friendly products. The latest, its Range Extender Engines comes just as oil prices climb above USD70 per barrel.

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A US judge has removed one of the USA's largest law firms, Sonnenschein, Nath & Rosenthal, from representing First American Title Insurance Company in a class action suit. The firm, its partners and all other lawyers at the firm are injuncted against acting for the company in the litigation which raises questions about the migration of teams of lawyers and - perhaps even more importantly - what constitutes conflict.

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The Law Society of Singapore has announced a shake up in the training regime and measures to help those returning to practice and foreign lawyers seeking transfer in a bid to become a regional centre for law.

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A Texas court has awarded Canadian software company i4i almost USD300 million in damages, interest and costs - and injuncted Microsoft from the continued use of aspects of XML in its WORD product range.

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When a court in Texas found in favour of a small Toronto based software company against Microsoft, the success was shared by the owners of the company - owners which include a specialist VC fund that buys into companies engaged in litigation.

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With an increase in purchasing in the automotive sector from GBP20,600 million in a survey in 2011 to GBP23,600 million in the 2012 survey, The Automotive Council says that there are signs that things aren't so bad.

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