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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 […]

Recommended

A View from New York

Recently, a US law firm provided me with what it thought was its public relations mandate. “What are you going to do to help us ‘brand’ our firm?” it asked. “What would you like to brand?” I replied. Out came its list of 12 practice areas. “Twelve?” I asked. Forget it. Branding by definition is […]

Get out of jail free

Barristers are usually considered to be highly committed to pro bono but, as Matheu Swallow discovers, the commercial bar has nothing to be proud about When it comes to pro bono, the bar is widely regarded as setting a fine example to the other side of the profession. However, despite its efforts, the bar still […]

US lawyers snub ABA

The American Bar Association’s (ABA) decision to hold its conference in London was applauded initially by many as a progressive move that recognised the links between US and UK legal traditions. The decision to turn it into a Ye Olde Englande theme park farce was not. Now the ABA is reeling from the news that […]

Placements

CMS Cameron McKenna advised Big Yellow Group on its £97m flotation on AIM. The net proceeds are expected to total £43.5m after the company included a £45m placing and offer of new shares as part of the float. John Burton

Legaltech in the US

The US legal profession’s technology is being driven by management objectives that at their most fundamental level involve increasing shareholder value. For law departments – a support organisation in the corporation – this means constant pressure to get more out of less. In a LegalTech Los Angeles presentation (May 1999), Dan Scheinman, vice president of […]

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