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Latest Briefings

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

Recommended

39 Essex St lures five barristers from Eldon

Leading common and public law set 39 Essex Street has swooped on Eldon Chambers. Five barristers led by highly-rated senior junior John Pugh-Smith – almost a fifth of the set’s tenants – will decamp from Eldon to create a 12-strong environment and planning group at 39 Essex Street in the largest single influx of practitioners […]

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 […]

Cherie defies critics by using No 10 for meetings

Cherie Booth QC is continuing to hold client meetings at 10 Downing Street nearly two years after she was first criticised for using Government premises for her practice.Booth, now at Matrix Chambers, was slammed for seeing clients at Number 10 when working on the BCCI case in 2000 while at 4-5 Gray’s Inn Square. She […]

Innogy in-housers survive takeover

The in-house legal department at FSTE 100 utilities giant Innogy will remain intact following the takeover by German conglomerate RWE. The company’s most senior lawyer Mike Bowden will also retain his place on the board.Bowden, the company secretary and managing director of corporate services, was appointed to the board in February, just a month before […]

Irvine's motives in question as record number takes silk

113 barristers – 26.3 per cent of applicants – take silk; commercial bar fears too many silks, too little work; LCD defends number The Lord Chancellor, Lord Irvine, is facing allegations of seeking to reform the silks system by the back door after flooding the market with a record number of new Queen’s Counsel.No fewer […]

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