Assigned risk pool hit by Quinn failure

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By Richard Sagar, Karl Anders, Graham Whiteford, Josh Kitson Introduction This briefing note, prepared by the Walker Morris Planning Environment Team, explores the opportunities presented in the new National Planning Policy Framework (“NPPF2“). Specifically, the opportunities to obtain planning permission for new entry-level exception sites consisting of affordable housing for first-time buyers on previously unallocated […]

FCA published near-final rules amending the jurisdiction for SMEs and guarantors

By Paul Gair The FCA yesterday released its policy statement (PS18/21) on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper (CP18/31) detailing proposals for increasing […]

Walker Morris litigation specialists reviews regulator’s proposals for dealing with push payment fraud

By Louise Power, Rachel Elgar Banking & Finance Litigation specialists Louise Power and Rachel Elgar report on the Payment Systems Regulator’s (PSR) recent proposals for dealing with push payment fraud. What is push payment fraud? Payments are described as ‘push payments’ when the payer obtains the payee’s account details and instructs their bank to send (or push) […]

Impact of 2019 budget proposals on Dutch’s buyout sector

The Dutch government published important tax measures in its 2019 budget proposals with a potentially significant impact on the Dutch buyout sector. Some of these measures may result in a higher effective tax burden if appropriate action is not taken…

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PI rates expected to soar after Quinn Insurance enters administration

The decision to put Irish insurer Quinn Insurance into administration has sent shockwaves through the market and prompted warnings of dramatic rate hikes across the solicitors’ professional indemnity (PI) market. The Irish Financial Regulator forced the insurer, which is part of the larger Quinn Group, into administration yesterday.  It said the insurer would be closed […]

Tartan troubles

There’s a bit of a riot going on in Scotland and it’s all to do with alternative business structures (ABSs). The country’s so-called big four firms are in favour of the structures and want to have access to them as soon as possible. Scotland’s high street firms, on the other hand, aren’t so keen (see […]

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Addleshaws plumps for female chair

Litigation partner Monica Burch is to take over as chair at Addleshaw Goddard, making it the ­second firm in the UK top 20 to have a woman in a senior partner role. Burch won a three-way contested election to ­succeed senior partner Paul Lee and will assume the title of chair of the firm’s board – essentially the […]

Focus: M&A, Spreading the load

The M&A market is yet to show signs of a full recovery, but what work there is is now being spread more evenly between the magic circle and its rivals  If this is a recovery, it ­certainly is not a spectacular one. Figures from Thomson Reuters for the first quarter of 2010 show that […]

Joyce Cullen
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A tale of two clans: ABS row divides legal profession north of the border

The Scottish legal market has long been divided on the question of alternative business structures (ABSs), with the so-called big four firms supporting them while many of their Scotland-only counterparts are against them. While the Law Society of Scotland (LSS) has been in favour of the structures since ­balloting its members on the subject two years ago, an eleventh-hour […]

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