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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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Herbert Smith in Asia management rejig

Herbert Smith has restructured its management team, relocating executive partner Tim Parkes to Hong Kong to become the firm’s new head of the Asia region. Head of real estate Iain Rothnie will take over Parkes’ former role. The changes take effect next January.Rothnie said: “I’m delighted the partnership has confidence in me to continue the […]

Nabarros to shore up its IT capability with dual hire

Nabarro Nathanson has boosted its capability for handling large-scale IT projects with hires from client Sun Microsystems and from the Manchester office of Masons. Jeremy Newton was assistant general counsel at Sun Microsystems and will head the commercial IT and intellectual property practice at Nabarros’ Reading office. He replaces retired partner Rosemary Martin-Jones.At Sun Microsystems […]

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Personal injury (PI) specialist Amery-Parkes is pulling out of London to focus primarily on litigation from its Bristol, Basingstoke and Birmingham offices.

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Jack in: To log on to a machine or connect to a network and enter a virtual-reality simulation. It is derived from cyberpunk literature where characters literately connected their brains to a computer via electrodes.Java: A programming language designed for use on the internet. It was designed to enable the programming of applications that work […]

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