Barings. Nick Leeson – villain or victim

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Latest Briefings

Reform of the Community Infrastructure Levy

By Katherine Evans In March we reported on the government’s consultation on the reform of the current system of developer contributions. The government’s response to the consultation, released at the end of October, confirms that change is on the horizon. The key themes of the consultation were centred around a desire to make the system simpler and more […]

Court of Appeal rules on ATM rates

By Şenay Nihat Since 2013, retailers have had to pay non-domestic rates (‘Business Rates’) for automated teller machines (ATMs) built into the front of stores, rather than treating the ATMs as part of the store’s overall rating for valuation purposes. The Business Rates bill for the ATM was backdated to 2010, hitting retailers with significant […]

Proposed ban on flammable cladding – An update

By Adrian Mansbridge Following Dame Hackitt’s Review of the Building Regulations and Fire Safety the government announced that it would consult on banning flammable cladding. The consultation closed on 14 August 2018 and the housing secretary announced at the Conservative Party Conference that the ban would be brought forward.

Minister of Health, Welfare and Sport improves contracting process for healthcare

By Frank John Vrolijk, Aurélie Mingels On 9 November 2018, the Minister of Health, Welfare and Sport (VWS) informed the House of Representatives about the developments regarding the contracting process for care provision. The minister expresses his displeasure at the growth in the supply of non-contracted care in GGZ care and district nursing where this is […]

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Slaughters serves Barings protective writ

Slaughter and May is handling a ‘protective’ legal action on behalf of Barings’ administrators, Ernst & Young, against former derivatives trader Nick Leeson. A High Court writ was issued to “preserve the position of the administrators of Bishopscourt (BS) and Bishopscourt (BB & Co)”, formerly Baring Securities and Baring Brothers & Co said a spokesman […]

Eager for business

India’s liberalisation policy has put the economy back on the path to recovery. The bureaucratic constraints, which denied India growth and prosperity ended as the government introduced a series of economic reforms in 1991. The macro-economic indicators prove the point, indicating improved export performance, a stable currency and declining interest rates. The manufacturing sector and […]

The draftsman's contract

Michael Simmons is partner at Finers and a consultant on professional practice problems. It is surprising how many firms of solicitors are prepared to leave the regulation of their own affairs to chance, or to the lottery of that ancient statute the Partnership Act 1890. Yet no self-respecting lawyer would advise their client to establish […]

Wragges picks upWycombe contract

Cyril Dixon SHROPSHIRE has app-ointed a new county solicitor to replace Eversheds recruit Stephen Matthew. David Brierley is promoted to the county council’s top legal job following a three-year spell as deputy county secretary. Brierley’s chief role will be to handle his division’s bid for contracts under competitive tendering. He has been with Shropshire for […]

Property

Fladgate Fielder acted for Kyle Stewart Properties in its freehold purchase of Phase II Southmead Industrial Estate, Didcot, from Prudential Assurance, represented by Lovell White Durrant.

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