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We have reported our highest ever revenue of £286m, up 8% from £264m* the previous year. The most significant growth came in North America, where revenue was up 24% to £55m, following a continued growth period fed by work from new and existing clients, a series of lateral hires and the opening of a new office in Delaware.
We are pleased to announce our technology operation Kennedys Kognitive Computing, in India, has more than doubled its office space as it continues to grow its development team.
We have appointed Alan Demirkaya as our new HR director to drive forward our transformation plans and ensure that we continue to attract the industry’s top talent. He will lead a team spanning the UK, Europe, Middle East, the Americas and Asia Pacific, reporting to global managing partner, Suzanne Liversidge.
We have promoted our largest ever number of lawyers to partner. With 22 new partners joining the partnership, it is more than double the number promoted last year (10) and takes our total worldwide partner count to 293.
We are delighted to announce here in Singapore that Kennedys Legal Solutions, via Partner Glenn G. Cheng, has secured expanded instructions to act for the head JV Contractor Daelim-DEME/Dredging International Asia Pacific JV on the Tuas Terminal Phase One ("TTP-1"), Finger 2 Project, as well as the head JV Contractor, Penta Ocean-Hyundai-Boskalis JV on the Tuas Terminal Phase Two ("TTP-2"), Finger 3 Project.
We are shocked by the tragic situation in Ukraine. Our thoughts are with all those who are suffering, and we can only hope that a peaceful resolution is found swiftly. Until then, Kennedys is resolute in our commitment to do whatever we can to help this humanitarian crisis.
As Russia’s invasion of Ukraine progresses, global leaders have responded by imposing increasingly severe sanctions against Russia, Russian companies and Russian individuals. Here, we consider the impact of the current sanctions from various jurisdictions around the world, with a focus on those areas which might impact the global shipping and trade industry.
Our global liability and defence group brief, Navigating the global liability defence agenda, was created with our clients in mind. With our legal footprint spanning across 24 countries, our lawyers have first-hand knowledge of global issues impacting our clients. We wanted to provide a snapshot of interesting legal issues we are seeing and share some takeaways we expect will resonate cross jurisdictionally.
On 5 March 2022, Singapore Ministry of Foreign Affairs announced details of Singapore’s new sanctions against Russia.
The sanctions which aim to constrain Russia’s capacity to conduct war against Ukraine and undermine its sovereignty fall within two broad categories:
- The imposition of export controls on items that can be directly used as weapons to inflict harm on or to subjugate the Ukrainians, and items that can contribute to offensive cyber operations.
- The imposition of financial measures targeted at designated Russian banks, entities and activities in Russia, and fund-raising activities benefiting the Russian government.
We are delighted to once again be attending MIPIM, the internationally-renowned property conference taking place from 15 - 18 March 2022 in Cannes, France. The global property showcase is returning this year for the first time since 2019.