European Commission consults on new draft rescue and restructuring state-aid guidelines

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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 […]

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) […]

Risks associated with GDPR for retailers

By Jeanette Burgess and Gwendoline Davies Much of the focus in the retail and legal press in recent months has been on the eye-watering level of fines which data protection regulators can impose for infringements of the new EU General Data Protection Regulation (GDPR) legislation [1].  However in this mini-series Walker Morris’ Heads of Regulatory & […]

Where we are now with e-conveyancing and electronic mortgage deeds?

By Christina Gill In a consultation paper published in August 2018 the Law Commission has sought to address legal uncertainty surrounding the electronic execution of documents, which is causing practical problems in today’s fast-paced, technology-driven business world. For example, whilst basic contracts can be validly formed without any documentation or formality, other contracts and legal documents must comply with […]

Approval of changes in Debt Arrangement Scheme in Scotland

By Rob Aberdein In August 2018 Rob Aberdein explained proposed changes to the Debt Arrangement Scheme (DAS) in Scotland. The legislation enacting those changes has now been approved by Parliament and the new regime will come into force on 29 October 2019.  The legislation and guidance can be viewed here.

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Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

Board decisions made by delegation of powers can be challenged in court in Romania

By Mădălina Neagu, Andra Jegan To enable decisions to be passed efficiently, the Companies Law (31/1990) created flexible mechanisms and procedures allowing specific shareholder powers to be delegated to a company’s management. Such mechanisms have been successfully implemented by a vast number of companies and have enabled them to expedite corporate changes concerning their main […]

Canada: New checks under Police Record Checks Reform Act

By Amy Derickx On Nov. 1, 2018, new “checks” on the police record check system will be in force under Ontario’s Police Record Checks Reform Act. Organizations who rely upon police record checks as a method of determining suitability for employment or volunteer work will want to review related policies and procedures for the purposes of […]

Blockchain and Cryptocurrency Regulation 2019

Understanding the blockchain, cryptocurrency and electronic token space is becoming more important than ever for financial institutions, business, investors and start-ups. This is particularly the case in relation to government attitudes and definitions, cryptocurrency and sales regulation, money transmission laws and anti-money laundering requirements, promotion and testing, ownership and licensing requirements, taxation and border restrictions. […]

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