BLG set to stem exits with lockstep rethink

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Latest Briefings

Interrogatories – questions and answers time

Both legal practitioners and the general public alike are very much aware that litigation can be a time consuming and costly exercise, particularly in light of the lengthy delays for the hearing of trials and the subsequent length of time many trials run for. One particular tool favoured by the courts as a way to […]

No novation is not ideal

In M Hart Construction Ltd & Anor v Ideal Response Group Ltd [2018] the court refused to enforce two adjudicators’ decisions on the basis that there was no contract between the parties. There had not been an effective novation from an original contracting party.  The adjudicators therefore did not have jurisdiction to determine the disputes. Another […]

Trade associations call for company voluntary arrangement reforms

Reforms are needed to the current company voluntary arrangement (CVA) process, according to both R3 and the British Property Federation (BPF). R3 (the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals) has published a research report recommending a number of reforms to improve the effectiveness and reputation of CVAs. These include: Capping […]

How the courts are interpreting long-term maintenance contracts

By Ian Yule The Private Finance Initiative (PFI) may be past its peak, but various cases have come to court in the past few years involving long-term maintenance contracts, including PFIs. Three cases in particular are worth noting. They have featured issues such as whether terms should be implied about co-operation, how good faith clauses […]

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DWS leads on sharia-compliant securitisation

Denton Wilde Sapte (DWS) has bagged a role on the first securitisation of sharia-compliant mortgage equivalents in the United Arab Emirates (UAE). The DWS team, led by Islamic finance head Farmida Bi, advised the banks Standard Chartered Bank and Morgan Stanley, and investment company Emirates National Securitisation Company (ENSEC), on the $210m (£102m) securitisation for […]

Rodrigo Uría dies of heart attack, aged 66

Rodrigo Uría, the president of Uría Menéndez, has died unexpectedly of a heart attack. Uría, aged 66, was on holiday in Croatia when he died. He began his career in 1973 when he became partner at his father’s firm. After taking over the reins at Uría Menéndez five years later, he converted it into one […]

CC shakes up business development function

Clifford Chance has appointed a new global head of business development ahead of the impending departure of incumbent Charles Doyle. London-based Laurie Robertson, currently head of business development for the global corporate practice, will take up the position on 1 August. In the role, Robertson will take responsibility for coordinating the firm’s business development teams […]

City firms must acknowledge the importance of treasurer relations

Treasurers are key players in any deal and firms must ensure they build strong ties. By Julia Berris HIGH-profile deals continue to dominate the corporate landscape, with financial and legal advisers winning plaudits for their part in driving the acquisitions through. Behind the scenes, however, sits a team of treasurers whose role is just as […]

FSA and industry define RSP credo

THE FINANCIAL Services Authority (FSA) has released its guidance on provider and distributor responsibilities just days after an alliance of industry bodies launched its retail structured products (RSPs) principles last week (10 July). The FSA’s guidance rules fit within its ‘Treating Customers Fairly’ initiative, which aims to provide customers with a high level of service […]

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