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After Mr Durkin’s 16-year-long battle, the Supreme Court has ruled that he validly rescinded his credit agreement. This article looks at the implications for the decision.
The chancellor has delivered the Budget for 2014. This briefing provides a summary of the main tax points of interest.
On 24 February 2014, deferred prosecution agreements legislation was finally brought into force in respect of a wide range of criminal conduct.
English courts have ruled that accepting an award from the FOS can be a bar to any further proceedings in England and Wales. Shoosmiths examines whether the same principles apply in Scotland.
Shoosmiths has advised Singapore-based Freight Investor Services on the strategic sale of a majority shareholding in Cleartrade Exchange to European Energy Exchange.
This article explores profit and loss allocations by partnerships, the special rules for AIFMs and the disposal of assets through partnerships that lead to a tax advantage.
A new case in the court of session reminds lenders that a high degree of care is required where a wife is granting a security on account of her husband’s debts.
Last month, the Guernsey court approved a scheme of arrangement that saw the creation of a brand-new Channel Islands stock exchange.
Melanie Chell, head of Shoosmiths’ asset finance team, has been included in this year’s Motor Finance Power 50, which lists the 50 most influential and powerful people in UK car finance.
As we head towards 2014, the finance market is becoming more optimistic and competitive.
Shoosmiths’ Manchester corporate and banking team has advised on the £15.9m management buy-out of online wine retailer Virgin Wines.
Shoosmiths has helped a holiday park operator complete the sale of its entire issued share capital in a deal worth £172m.
Shoosmiths has appointed Linda Williams, a former senior associate of Osborne Clarke’s banking and finance group, to its banking team.
A cross-practice team from Shoosmiths has helped Allied London acquire ITV Granada studios.
Financial Conduct Authority consultation paper CP13/10: detailed proposals for FCA regime for consumer credit
The Financial Conduct Authority’s (FCA’s) Consumer Credit sourcebook (CONC) will contain the majority of the FCA’s rules and guidance for the new regime.
Jeremy Bouch, an experienced white-collar criminal litigation solicitor, has joined Shoosmiths as a senior associate.
The new sub-sale relief rules have now been enacted in the Finance Act 2013.
Material adverse change (MAC) provisions appear in most loan agreements. A recent case included interpretation of MAC in the context of a representation that there had been no MAC in a borrower’s financial condition.
Kieran Toal has been appointed as a partner in Shoosmiths’ corporate team in Manchester.
The Bankruptcy and Debt Advice (Scotland) Bill was introduced in the Scottish Parliament on 11 June 2013.