Deals Summary

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Latest Briefings

What is a ‘reasonable endeavours’ obligation, and is it a sensible solution?

Gwendoline Davies, Head of Commercial Dispute Resolution at Walker Morris explains what a party needs to do to comply with a ‘reasonable endeavours’ obligation, and considers whether endeavours clauses are always a sensible solution. What are endeavours obligations? Many commercial contracts contain obligations on a party to use its best or reasonable endeavours to do something or […]

Fair treatment of existing customers | FCA priorities series part 11

By Michael Ruck The penultimate part in our FCA Priorities series focuses on the cross-sector priority of fair treatment of existing customers. Over the last few years the FCA have increasingly focused on this issue, unhappy that firms were attracting new customers with preferential rates/incentives whilst not offering those rates and incentives to their existing […]

The need for alternative rental structures in retail

By Dan Sweeney Tough trading conditions on the high street have led several major retailers to seek rent cuts or turnover-based rents from their landlords. Monsoon Accessorize, H&M and Primark are amongst those hitting the headlines for entering into these discussions. There is an acknowledgment across a significant part of the market – including occupiers […]

The IPO opportunity for Northern Ireland

By Andrew Jennings Northern Ireland’s (NI) tally of publicly traded firms on stock markets has doubled in the last two years to reach four. In March this year, Belfast-founded data and analytics firm Diaceutics floated on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). This followed Fusion Antibodies, a contract research organisation, […]

Equitable Life Proposal – decision time for trustees

What is the Equitable Life Proposal? The Proposal covers trustees who hold Equitable Life with-profits policies with a guaranteed investment return, as a scheme asset. The Proposal is: to remove the guaranteed investment return (typically 3.5%) on Equitable Life with-profits policies; to uplift the value of the with-profits policy by a minimum primary uplift of […]

Recommended

Martineaus handles universities’ merger

Martineau Johnson has bagged the role of adviser on a rare university merger. The firm will advise the University of North London and London Guildhall University on their upcoming merger. A four-partner team led by head of education Nicola Hart is advising on the merger, which should be completed by 1 August. Rachel Woolf and […]

Opinion

It is that time of year again. Salary reviews. Or rather, salary hikes. The time when law firms go like lambs to the slaughter, raising assistant salaries beyond inflation and arguably beyond common sense. Only last week, the chief executive of a large City firm shared his well-thought-out strategy with me: “We’ll do whatever Clifford […]

Legal secretary wins £20,000 from Bates Wells in unfair dismissal suit

Charity law specialist Bates Wells & Braithwaite has lost an unfair dismissal claim brought by one of its legal secretaries.Last week, the Employment Tribunal found in favour of Wendy Macfarlane, secretary to London partner Philip Trott, following a six-day hearing. It awarded £20,000 in compensation to Macfarlane, which Bates Wells has agreed to pay.Macfarlane left […]

A&O taps in to Anglian Water rejig

Allen & Overy (A&O) is advising Barclays Bank, Salomon Brothers International and bankers Trustee Company on the restructuring of Anglian Water.The group is being split into two divisions – Anglian Water Group (AWG) and Anglian Water Services (AWS) – in order to consolidate its existing debts, raise new debt and return cash to its shareholders. […]

Research council picks Manches as sole adviser

Manches’ Oxford office has been appointed sole adviser to the Council for the Central Laboratory for the Research Councils (CCLRC). The firm won the appointment following a competitive tender. It now has four of the UK’s seven research councils as clients.

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