In brief: Halliwells poaches rival's property lawyer

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Latest Briefings

Amendments to the Hungarian Data Protection Act

By Dorottya Gindl The Hungarian Parliament has recently adopted legislation with the aim of harmonising the national data protection rules with the rules of the GDPR, and supplementing the national rules in areas not regulated by the GDPR. The Parliament adopted Act XXXVIII of 2018 (“Amendment“) in an extraordinary session and the new regulations entered […]

Changes to Entrepreneurs’ Relief: What do you need to know?

By Mark Braude A significant and welcome change to the Entrepreneurs’ Relief (ER) rules was announced in the Finance Bill 2019 last month. It is aimed at shareholders who would otherwise lose their entitlement to ER as a result of being diluted below the 5% required shareholding…

FCA publishes evaluation of Guaranteed Asset Protection intervention

By Alanna Tregear The Financial Conduct Authority (the FCA) said, as part of its 2018/2019 Business Plan, it wished to investigate the effectiveness and impact of its interventions into certain markets and industries. The FCA intends to conduct three pilot evaluations, the first being an evaluation of the FCA’s September 2015 intervention into GAP insurance. […]

Asset management and investment funds update

On 30 July 2018, ESMA published its final report following its peer review of the compliance and supervisory framework of six national competent authorities (NCAs) with aspects of the UCITS framework for Efficient Portfolio Management (EPM). The review covered the NCAs for Ireland, the UK, Luxembourg, Germany, France and Estonia and was limited to assessment […]

Employers: Capability procedures explained

By Michael Briggs This month, in our Breaking Down the Handbook series, we look at capability policies and why they are a useful tool for employers to have when it comes to dealing with poor performance…

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Recommendations by ICI chair get mixed response

ICI chairman Sir Ronald Hampel’s recommendations on corporate governance have been welcomed by Herbert Smith partner David Paterson, who chaired the Law Society committee that made submissions to Hampel. But other lawyers have criticised Hampel for pulling back from earlier groundbreaking reports by the Cadbury committee on corporate governance and the Greenbury committee on executive […]

Law Soc pushes for US access

Law Society president Phillip Sycamore is to meet next month with the judge responsible for admissions to the New York Bar, in a bid to convince him to open the way for English and Welsh solicitors to practise in the state. Following private meetings at the ABA conference, the Law Society has also been invited […]

Financing

Freshfields advised drinks company Matthew Clark on its £85m syndicated refinancing. Herbert Smith acted for BZW, the coordinator of the deal, and Barclays Bank, the agent.

E&Y's £800m claim against Bank of England struck out

The High Court’s decision to strike out an £800m claim against the Bank of England over the collapse of the Bank of Credit & Commerce International (BCCI) has made legal history. It is believed to be the first time a judge has decided to review all the evidence in a claim and then strike it […]

LAB accused of pilot secrecy

CRIMINAL practitioners invited by the Legal Aid Board (LAB) to take part in a new pilot scheme to test block contracting for duty solicitors have accused the board of being too secretive about its plans. The LAB has invited duty solicitors to “express interest” in a new criminal advice and assistance contract pilot due to […]

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