IY LEGAL recently celebrated its 3 year anniversary as a Legal Services firm. We are extremely grateful to all of our clients for their loyal support during that time and we are very pleased that our ‘low cost, high quality’ offering has gone from strength to strength.
We remain busy in all our core areas: Commodities & International Trade; Energy/Offshore; Fintech; Insurance; and Shipping.
In Commodities, we have recently concluded a large and complex cross-border ICC arbitration for a major coal trader involving contract formation, proper law and market price issues and have prepared a new standard Petcoke sale and purchase contract for use among refineries and Petcoke traders – one of the first of its kind.
In Energy/Offshore, we have recently assisted a client investing in an oil facility in East Africa and have just been instructed in respect of a new mining exchange (which nicely mixes our energy and commodity expertise).
In Fintech, we have worked with 2 separate clients each seeking MTF/OTF status to operate electronic trading venues and offering software solutions within the precious and non-precious metals sector and we are currently advising a leading digital/rewards business on a company acquisition. We have assisted a number of clients with MiFID II implementation issues and processes.
In Shipping & Marine Insurance, we are currently representing a shipowner in a LMAA arbitration involving charterparty cancellation issues and we have assisted a well-known ‘roro’ operator with a series of newbuilding contracts with Far East yards, as well as providing regular P&I/FD&D advice and claims handling services to a large pool manager and a P&I brokerage firm. And we have just assisted an Owner involved in a sensitive EU vessel scrappage prosecution.
More generally, we are handling claims against: a major UK bank concerning Mastercard services/payments and another High Street bank involving fraudulently intercepted payments by hackers; German liquidators upon the collapse of a significant shipping business; and an Italian state electricity company. In recent months we have assisted a defence contractor with a complicated IP asset sale and two UK construction businesses upon the insolvency of the project’s main contractor; and we have assisted a charter company with ongoing insurance disputes with French underwriters in the aftermath of Hurricane Irma.
We currently act for clients in the UK, the Isle of Man, Italy, Switzerland, Bulgaria, Monaco, Columbia, Sweden, the BVIs, Greece, Brazil and Hong Kong.
We are pleased to report that our fees remain very competitive; generally, less than 50% of fees typically charged by London law firms, often even less than that. Our ‘fixed fee’ and ‘monthly retainer’ arrangements have proved very popular with clients keen to control/limit their legal spend.
We are looking forward to the next 12 months and, again, thank all of our clients, colleagues and friends for their invaluable support!
'Energy & Natural Resources Firm of the Year in England' 2023
Corporate Intl Magazine Global AwardsEnergy & Natural Resources Law Expert of the Year in England 2020
Leaders in Law Global Awards“an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor'Arbitration Advisers of the Year' 2021
Global Business Magazine
“[Iyer is] one of the most experienced energy lawyers that I have come across. His energy practice has a unique offshore flavour which suits our requirements”
From the 'International Law Office, Client Choice Guide' while Andrew Iyer was practising as a solicitor“Sharp, to the point and efficient. [Iyer] responds with electrifying speed and is always contactable”
From 'The Legal 500' while Andew Iyer was practising as a solicitor“[Iyer is] an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor'Shipping & Trade Firm of the Year in England' 2023
Corporate Intl Magazine Global AwardsShipping & Trade Firm of the Year in England 2020
Global Law Experts Annual Awards“Andrew Iyer continues to glean high praise from clients”
From 'The Legal 500' while Andrew Iyer was practising as a solicitor“[Iyer] is very cost effective, efficient and proactive - he takes the initiative in speeding up recalcitrant opponent lawyers to the negotiating table”
From the 'International Law Office, Client Choice Guide' while Andew Iyer was practising as a solicitorWinner of the International Law Office 'Client Choice Award for Energy & Natural Resources UK'
While Andrew Iyer was practising as a solicitor“Iyer has a deep understanding of international markets and an impressive track record in arbitration and commercial disputes”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor“[Iyer] has the experience to instantly recognise the problems being encountered and the professional expertise to always provide sound, concise and, most importantly, clear legal advice”
From the 'International Law Office, Client Choice Guide' while Andew Iyer was practising as a solicitor'Leading Arbitration Specialist UK' 2022
AI Global Excellence Awards
