Indemnity market in turmoil as Wellington pulls out

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

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 […]

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Charles Russell shakes up equity

Charles Russell has restructured its equity partners’ remuneration package after an impressive financial year.The firm’s turnover rose by 17 per cent and profits per partner went up 9 per cent. Previously, equity partners received an extra £20,000 for each year spent on the lockstep, up to a maximum of six years. They will now receive […]

Opinion

The National Audit Office’s announcement that £4.5bn of the NHS’s £40bn allocation has been set aside to meet clinical negligence claims has caused consternation among commentators.The cost of an estimated 850,000 clinical negligence claims has grown from £50m to £4.4bn per year in the past five years. Last year’s increase was £500,000, with the warning […]

CC and Deloittes run up £2m on ITV Digital

Creditors’ meeting scheduled for 13 June; Hobson Audley drafted in for employees Clifford Chance and client Deloitte & Touche have billed ITV Digital just under £2m between them for handling its administration.Their fees to date cover seven weeks work, from 27 March when the administration order was made to 15 May. The Football League, which […]

Leader

A rundown of commercial property’s big guns used to go something like this: in at number three was Freshfields, at number two came Lovells and sharing the top spot were Linklaters and Clifford Chance, for obvious reasons. No one else came near this international superleague in terms of sheer commitment to real estate and the […]

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