Fantasy financial figures

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Latest Briefings

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 […]

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

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 […]

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Forster Dean CEO Greg Shields exits

The chief executive of Liverpool-based personal injury specialists Forster Dean, Greg Shields, has left the firm. A spokesperson for Forster Dean confirmed this afternoon that Shields no longer worked at the firm but could offer no more details at this time. Shields led the first pure management buyout of a law firm in the UK […]

London
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Sullivan boosts finance and restructuring with Linklaters’ Howard

Linklaters banking and restructuring partner Chris Howard is leaving the magic circle firm to join Sullivan & Cromwell’s London office. Howard joins the US firm two and a half years after rejoining Linklaters from Freshfields Bruckhaus Deringer (22 November 2010). Recently he has led the firm’s work on a raft of high-profile restructurings, advising the […]

Irwin Mitchell loses Saudi prince state immunity appeal

The Court of Appeal (CoA) has thrown out an appeal by two Saudi princes who wanted a case against them be heard behind closed doors. Prince Mishal Bin Abdulaziz Al Saud and his son, HRH Prince Abdulaziz Bin Mishal Bin Al Saud switched legal teams for the appeal, bringing in Irwin Mitchell partner Jeremy Marshall […]

King & Wood Mallesons’ global ambitions

It could have been a £170m business, edging the top 20 of The Lawyer UK200. But the news today that the talks are off means that Withers and Speechly Bircham join the roll call of Field Fisher Waterhouse and Lawrence Graham, Addleshaws and Nabarro, Field Fisher Waterhouse and Osborne Clarke, and Dundas & Wilson and […]

Supreme Court

Hage Aaronson secures Supreme Court win for M&S

Hage Aaronson has secured a Supreme Court win for Marks & Spencer (M&S) after the court today ruled against HM Revenue & Customs (HMRC) in a tax battle with the retailer. The ruling comes just a day after the High Court found that M&S should be held liable for trademark infringement against Interflora (21 May […]

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