Related briefings

Claim for £25m dismissed due to material non-disclosure on an ex parte application

In Formal Holdings Ltd, Fihag Finanz Und Handels Aktiengesellschaft v Frankland Assets Inc and others [2021] EWHC 1415 (Comm), the High Court dismissed debt and restitutionary claims for over £25 million after finding that there had been material non-disclosure by the Claimants on an ex parte application to extend the validity of the claim form.

Court of Appeal determines scope of several exceptions to the without prejudice rule

In its judgment in Berkeley Square Holdings & Ors v Lancer Property Asset Management Ltd & Ors, the Court of Appeal has provided important clarification of the scope of three separate exceptions to without prejudice privilege, including one which has never previously been applied in England, and another for which the legal basis has been notoriously unclear.

Latest Briefings

The economic substance requirements for Jersey partnerships

The Taxation (Partnerships – Economic Substance) (Jersey) Law 202- was lodged with the States Assembly on 18 May 2021 and, if passed, is expected to come into effect from 1 July 2021 (with a six month transition period to 1 January 2022 for partnerships established before 1 July 2021).

Tokenized copyrights: Linking an NFT to a copyright licence

In our last report on the NFT (Non-fungible tokens) self-experiment “Formulating a smart contract and minting an NFT”, we looked at what data is packed in a freshly minted NFT. In principle, it is possible to include an entire data set of an artwork (i.e. in our case the GIF) in an NFT and thus on the blockchain. We also pointed out that in our self-experiment we did not only link to the digital artwork but also attached a limited usage licence to the NFT (in the metadata; because otherwise the buyer of an NFT in general will not own any intellectual property respectively rights of exploitation or use to the artwork connected to the NFT).

Virtual Asset Service Providers become subject to registration requirements and AML/CTF obligations

On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish Law by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (CJA 2021), which amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010). Please see our recent briefing for analysis of changes introduced by 5AMLD: New Irish Anti-Money Laundering Rules.

Child maintenance: traps for the unwary

For parents, the child maintenance system can seem a vast and complicated system of ropes and pulleys for something they expect should be straightforward.

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Shoosmiths enlisted on collapse of LateRooms.com

Shoosmiths is acting on the collapse of package holiday companies Late Rooms and Super Break, after its parent company Malvern Group failed to secure a sale of the business. Manchester-based restructuring partner Sarah Teal is acting for KPMG, which has been appointed as administrator today, alongside senior associate Hollie Wrigley and Hannah Gaskell. The firm […]

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Kirkland alumni club: Willkie secures double-partner hire in London

Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]

Angela Yotov

Close Brothers ends search for new GC with RateSetter hire

The general counsel of peer-to-peer lending start-up RateSetter has left the business to join merchant bank Close Brothers. Angela Yotov will take on the general counsel role at the bank in early August, replacing incumbent Elizabeth Lee, who will retire as the company’s legal head at the end of July. Lee joined Close Brothers as […]

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