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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 […]

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Government approves new conflict rules

The government has finally approved the Law Society’s new conflicts of interest rules, nearly a year after they were drafted. The rules, clarifying what solicitors must do in cases of conflicts of interest and with regard to confidentiality and disclosure, prompted a barrage of criticism when they were published in June 2005. The proposals were […]

Carrefour fined in China piracy case

In the first high-profile piracy dispute between two Western companies in China, a Shanghai court has fined French retailer Carrefour £25,000 for selling fake Louis Vuitton handbags. At fault was Carrefour’s supplier policy, which the company’s central management had delegated to individual branch supervisors. The judge blasted the procedure, criticising it for being so lax […]

Labour pay?

The fight over the Parliamentary Ombudsman’s findings regarding the Government’s misleading advice to pensioners is set to continue – and Europe is the next battleground. David Gallagher reports On 14 March this year, the Parliamentary Ombudsman Ann Abraham delivered her report ‘Trusting the Pensions Promise’ on her investigations into allegations that the Government and government-sponsored […]

Townsend picks Tokyo for first overseas foray

San Francisco-based IP firm Townsend and Townsend and Crew has opened an office in Tokyo. The move represents the first international expansion in the nearly 150-year history of the firm. The office, which will be known as Townsend IP Law, is led by special counsel Hitoshi Akiba, a Japanese patent lawyer and member of the […]

DLA Piper finalises Aussie alliance

Longtime collaborators DLA Piper Rudnick Gray Cary and Phillips Fox are set to formalise their relationship. DLA Piper is in advanced talks with the Australian firm to form an alliance. The two firms already refer work to each other. DLA Piper joint chief executive Nigel Knowles told The Lawyer: “Phillips Foxhas been known to us […]

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