Bonfire of the handbags for City firm

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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Financing

Denton Hall acted for Nations Bank which arranged a £25 million revolving credit and term loan facility for Bell Cablemedia (South Hertfordshire)

Report takes issue with dirty courts

MANY magistrates courts have poor facilities including “dismal and dirty surroundings” and inadequate financial management, according to a report. And while all Magistrates’ Courts Committees (MCCs), the bodies which run the courts, have begun to form strategic plans, performance monitoring is poor. The result is that MCCs and justices’ clerks “often do not know how […]

Society finds 'nothing wrong' with names-for-cash scheme

NO ACTION is to be taken over the names-for-cash marketing controversy which prompted widespread ambulance chasing claims in the summer. But the Law Society has decided to tighten up conveyancing advertising rules to clamp down on unrealistically low quotes. The move comes amid calls for urgent action to put a stop to fee undercutting from […]

President furious over Gazette story

THE LAW Society’s journal The Gazette appears in grave danger of being drawn into the political battle currently raging within the Law Society. Martin Mears is understood to be fuming over a scathing attack by Paisner & Co partner Stephen Levinson against his views on discrimination in last week’s editorial/comment page of The Gazette. The […]

Partner gets share of Audit top job

A PARTNER at Eversheds has been appointed as the Audit Commission’s first head of legal services since the position was split down the middle. Rod Ainsworth, head of the national law firm’s public sector planning and environmental team, takes up the post next month. Audit chiefs have been looking to appoint someone since they divided […]

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