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Latest Briefings

Walker Morris team explores opportunities in new entry-level exception sites and starters homes

By Richard Sagar, Karl Anders, Graham Whiteford, Josh Kitson Introduction This briefing note, prepared by the Walker Morris Planning Environment Team, explores the opportunities presented in the new National Planning Policy Framework (“NPPF2“). Specifically, the opportunities to obtain planning permission for new entry-level exception sites consisting of affordable housing for first-time buyers on previously unallocated […]

FCA published near-final rules amending the jurisdiction for SMEs and guarantors

By Paul Gair The FCA yesterday released its policy statement (PS18/21) on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper (CP18/31) detailing proposals for increasing […]

Walker Morris litigation specialists reviews regulator’s proposals for dealing with push payment fraud

By Louise Power, Rachel Elgar Banking & Finance Litigation specialists Louise Power and Rachel Elgar report on the Payment Systems Regulator’s (PSR) recent proposals for dealing with push payment fraud. What is push payment fraud? Payments are described as ‘push payments’ when the payer obtains the payee’s account details and instructs their bank to send (or push) […]

Impact of 2019 budget proposals on Dutch’s buyout sector

The Dutch government published important tax measures in its 2019 budget proposals with a potentially significant impact on the Dutch buyout sector. Some of these measures may result in a higher effective tax burden if appropriate action is not taken…

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Gouldens matches US trainee salaries

Gouldens has propelled itself into the realms of the US firms by increasing its trainees’ entry-level salaries to £30,000. The boost means 36-partner Gouldens pays significantly above global giant Clifford Chance for both trainees and newly qualifieds. Gouldens has always had a reputation for paying trainees and assistants more than many of its rivals. It […]

Australian lawyer beats off contempt ruling

Solicitor, Simon Harry Parsons, was charged with contempt after another solicitor reported him for accusing Justice Barry Beach of “having his hand on his dick”. The comments were made when Parsons was served with an injunction, preventing him bulldozing on the disputed boundary of his Gippsland property. Justice Philip Cummins, who presided in the contempt […]

Citigroup picks UK general counsel to replace Adams

Citigroup is relocating senior in-house lawyer Bradley Gans from New York as a successor to Laurie Adams as general counsel. Gans, who currently heads the US legal team supporting corporate and investment banking, will arrive in London at the beginning of December. Adams left the bank at the beginning of November after 11 years to […]

Prestige Acquisitions

Prestige Acquisitions makes £507m recommended bid for Powell Duffryn. Prestige advised by Allen & Overy, financial adviser Deutsche Bank represented by Norton Rose (Laurence Levy, Andrew Bamber). Financing was also provided by Nikko Principal Investments. Powell Duffryn represented by Slaughter and May.

Technology, Media and telecoms

ReNeuron in £66m Alternative Investment Market (AIM) flotation. ReNeuron advised by Macfarlanes (Tim Lewis). Nominated adviser and broker WestLB Panmure advised by Ashurst Morris Crisp (Michael Johns, Andrew Edge). Principal shareholder Merlin represented by Klegal (Patrick Martin).

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