BLP’s corporate ambitions still burn, but the hunt for a rainmaker goes on

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Latest Briefings

Law Commission consultation on leasehold enfranchisement reform

By Karl Anders, Zoe McLean-Wells The Law Commission has undertaken a “root and branch review” of all aspects of enfranchisement law and is consulting on detailed and wide-ranging proposals for reform. Housing Management & Litigation experts Karl Anders and Zoe McLean-Wells summarise some of the headline proposals and urge stakeholders to have their say before the extended […]

Busy lenders’ round-up: December 2018

By Deborah Sheldon Welcome to TLT’s busy lenders’ monthly round-up. Each month we summarise the latest news and developments in retail mortgage lending and regulation.

Financial Reporting Council has launched new code for the corporate governance

By Alice Gardner A new code for the corporate governance of large private companies has now been launched by the Financial Reporting Council. Known as the Wates Principles, the new code is made up of the following six principles: Purpose and leadership Board composition Director responsibilities Opportunity and risk Remuneration Stakeholder relationships and engagement

Slovenia: Right to be heard in dawn raid

By Urša Kranjc In October 2018 the European Court of Human Rights (ECHR) granted Produkcija Plus doo (Pro Plus) €52,500 in compensation after its right to be heard was violated in the proceedings relating to the fine imposed for obstructing the dawn raid. Facts Suspecting that Pro Plus was abusing its dominant position, the Competition Protection […]

Deadline for notification of AML officer appointments is 31 December

By Maree Martin The deadline for regulated funds to notify the Cayman Islands Monetary Authority (“CIMA”) of their appointment of an Anti-Money Laundering Compliance Officer, Money Laundering Reporting Officer and Deputy Money Laundering Reporting Officer (together “AML Officers”) is 31 December 2018. The appointments were required to have been made by 30 September 2018. Unregulated funds are […]

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1

Lehman law firm creditors missed off official list

Law firms owed millions of pounds by Lehman Brothers have been missed off a list of trade creditors issued last Tuesday (4 November) by administrators PricewaterhouseCoopers (PwC). The London offices of Allen & Overy, Ashurst, Cadwalader Wickersham & Taft and Clifford Chance are just four of the firms missing. “It’s all a complete bloody mess,” […]

2

New compromise

Guernsey’s new Companies Law means that compromise agreements are now more aligned with English law. Nick Gamble and Mathew Newman report A problem typical to insolvent/quasi-insolvent restructurings is that claims are often structured in two different ways. They are either structured as to require unanimity among a creditor class for changes to the fundamental terms […]

Government stats reveal drop in US legal jobs

The US legal services industry has suffered the first significant year-on-year drop in employment in a decade. The most recent report from the US Bureau of Labour and Data Statistics, published today (Friday 7 November) shows that employment in the sector was down by 1.25 per cent in October 2008 compared with the same month […]

Simmons in Wachovia, Links raids for China duo

Simmons & Simmons has hired a senior legal counsel from Wachovia Bank to expand its China financial markets group. Sau-Wing Mak, who was also a senior vice-president at Wachovia and was previously a Linklaters solicitor, joins Simmons as a partner. She will be joined in Hong Kong by Linklaters managing associate Kevin Tong, who joins […]

Plea to ministers as pro bono week begins

The Law Society joined forces with the Bar Council and the Institute of Legal Executives this morning to launch the seventh annual Pro Bono Week. It is expected to be the biggest event of its kind to date, with more than 70 organised events compared with 30 in 2007. Michael Napier, Irwin Mitchell partner and […]

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