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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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Kaltons to dissolve due to lack of heart

Four-partner London firm Kaltons is to dissolve after senior partner Maitland Kalton last week took the decision that he no longer wanted to manage the firm The niche property and IT practice consisted of Kalton himself plus three salaried partners, a legal executive and a consultant. Kalton last week told his staff they would be […]

Success story?

When Freeserve was unhappy with Oftel's ruling on BT Openworld, it took the case to the CAT. But was its appeal a success? That depends on which way you look at it, says Robbie Downing

Spanish legal market shows strain of economic slowdown

Firms in Spain saw their revenue growth slow by an average of 10 per cent last year, reflecting the inertia in the country’s capital markets, according to figures released by Spanish business paper Expansión. Rankings by turnover of the country’s top firms and Spanish offices of City firms remained largely unchanged. As in 2001, Spanish […]

Stringer Saul boosts commercial property with Jeffrey Green hire

West End firm Stringer Saul has hired a partner from Jeffrey Green Russell as part of a new growth plan.David Connick joins the commercial property practice at Stringer Saul, which is headed by Martin Ackland. He brings particular expertise in retail, leisure and development work. Connick said: “I will be welcoming old clients into the […]

Shearman profits from Linklaters conflict on Selfridges

Shearman & Sterling has scooped instructions from new Linklaters’ client Robert Tchenguiz, because the magic circle firm was conflicted out of after advising on a competing bid for luxury department store chain Selfridges.Shearman corporate partner Adrian Knight is leading, alongside finance partner Caroline Leedsruby. Shearman has connections to Lanphere, who was previously at Advent and […]

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