Partnerships

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Latest Briefings

Newsflash: Canary Wharf Brexit frustration dispute settled

By Gwendoline Davies, Martin McKeague We reported, in February this year, the High Court’s decision in Canary Wharf v EMA [1] that Brexit will not frustrate (and therefore effectively terminate) the European Medical Agency’s lease at Canary Wharf. The High Court’s decision was generally welcomed because, had the High Court found for the EMA, countless leases and commercial contracts […]

A new energy and carbon reporting framework is in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson A new energy and carbon reporting framework applies from 1 April 2019, following abolition of the CRC Energy Efficiency Scheme and the introduction of corresponding increases in rates of climate change levy. The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations […]

Directors’ remuneration: New regulations are in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 have come into force. The regulations introduce new requirements in relation to a company’s remuneration policy and remuneration report. The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 (2019 Regulations) came into […]

Consultation launched into corporate transparency and reform of the Companies Register

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson On 5 May 2019 the Department for Business, Energy and Industrial Strategy published a consultation on proposals to increase the transparency of UK corporate entities and to enhance the role of Companies House. The potential reforms would amount to the biggest changes to the UK […]

New proposals to make disclosure of distributable reserves mandatory

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson Concerns are mounting that the capital maintenance regime is being undermined and that the time has come for the disclosure of distributable and non-distributable reserves to be mandatory within a company’s audited accounts. Over the last few months there have been numerous reviews and consultations […]

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Shearman to migrate Hong Kong staff to new Shanghai office

Shearman & Sterling is gearing up to launch in Shanghai within the year, with plans to transfer a large section of its Hong Kong team across to the new office. Beijing managing partner Lee Edwards said the firm expected to have the Shanghai office, its second in mainland China, operational by the fourth quarter of 2006 or the […]

Councils set to take Govt to court over estimates

Local authorities across the country are teaming up to challenge the Government’s population estimates in a row that could land the Government in court. Slough Borough Council is leading the protest from the South and Redcar & Cleveland Borough Council is leading the protest from the North. Redcar’s director of finance and procurement Ray Richardson […]

Travers turnover up 25 per cent

Travers Smith has posted significant increases in both total revenues and profits for the 2005-06 financial year. Turnover at the City firm rose 25 per cent to £68.1m while average profit per equity partner smashed the £700,000 barrier, at £705,000. Managing partner Chris Carroll said trading conditions had been “very benign”. He said the increase […]

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Howard Kennedy and Lydiard win $77m negligence case

Howard Kennedy and Brick Court Chambers’ silk Andrew Lydiard have won the negligence case brought against them by a Portuguese businessman. Antonio Anibale Andrade Baptista Lopes withdrew his claim of $77m (£41.7m) in the High Court this morning (13 July) and agreed to pay both Howard Kennedy and Lydiard costs on an indemnity basis. Lydiard […]

Structural shift

With the advent of LLPs, the Legal Services Bill and the additional option of an alternative business structure, the legal profession should be prepared for a dramatic period of change. By Colin Ives By the end of this year, more than 50 per cent of the top 100 UK law firms will have become limited-liability […]

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