Ashurst opens lockstep trapdoor for poor performers as profits nosedive

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Sidley Austin clients round on tax shelter ruling

More than 40 former Sidley Austin Brown & Wood clients are to appeal a ruling by a US federal judge last week, ordering the US firm to turn over clients’ names to the Inland Revenue Service (IRS) in relation to a tax shelter investigation. In November 2003 a Senate subcommittee report revealed that legacy firm […]

Italy to slash three regulatory bodies

A new Italian authorities law looks set to abolish three regulatory bodies as the country attempts to bring in legislation to prevent a future Parmalat scandal. It is hoped that the changes, which have not yet been approved by the government, will restore foreign investors’ confidence in the region. The proposed changes would mean the […]

Aventis’s ‘poison pill’ raises market concerns

Sanofi’s e50bn (£33.64bn) takeover of Aventis has provoked debate among the companies’ legal advisers about the importance of France’s first ‘poison pill’. The so-called ‘poison pill’ centres on the ‘Plavix warrants’, a product that would reimburse Aventis’s shareholders in the event of Sanofi being unsuccessful in pending US patent litigation over its cancer drug Plavix. […]

Addleshaws hit with five departures

Addleshaw Goddard has been hit by a string of partner departures from legacy firm Theodore Goddard. Tax partner Ray Smith left the firm last Friday (30 April) to join Barlow Lyde & Gilbert. On the same day, property partner David Wilkinson retired from the partnership. Additionally, highly rated projects and asset finance partner James Ballinghall, […]

Underpaid and understaffed: the state of UK legal aid

A report into the state of legal aid reveals a system in crisis, bogged down by delays and inadequate advice, according to documents leaked to The Lawyer. The report, ordered by the Legal Services Commission (LSC) and the Department for Constitutional Affairs (DCA), shows that during 2003 clients in almost 500 publicly funded cases were […]

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