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Latest Briefings

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

Recommended

Rubbing salt

Poor old Simmons & Simmons, the firm really is in the wars these days, what with partner de-equitisations and Robert Schon suing for anti-semitism. Now the firm has had to cancel its high-profile talk and drinks evening on the Three Rivers privilege case. Scheduled for last Tuesday (9 November), with what the invitation described as […]

Dawkins will be Simmons’ next managing partner

Simmons & Simmons’ head of financial markets Mark Dawkins is to replace David Dickinson as managing partner of the firm. Dawkins is standing for the role unopposed after stating his intention to run for the position during the recent managing partner nomination process. Although the firm’s equity partners nominated a number of partners internationally, Dawkins […]

Writing the wrong

The Government has identified a multitude of criminal acts as fraudulent. What is lacking is the definition of a general offence of fraud. By Gerallt Owen Currently there is no statutory offence of fraud in the UK. In 1984, the Roskill Report recommended the formation of the Serious Fraud Office (SFO). The report regrettably did […]

Doughty barrister lands Bar Pro Bono Award

Andrew Hall QC (left) of Doughty Street Chambers has scooped this year’s Bar Pro Bono Award. Hall has spearheaded a drive to promote legal training and develop resources in Eastern and Central Africa, coordinating the efforts of the Bar Council, the British Council and the Foreign & Commonwealth Office. The initiative has brought legal books […]

Halliwells targets Liverpool with Cuff Roberts merger

North West firm Halliwells is breaking into Liverpool through a merger with Cuff Roberts. The merger, announced today (November 15), gives Halliwells a foothold in Liverpool, adding to its presence in Manchester, London and Sheffield. Cuff Roberts has 16 partners and a bias towards commercial property work, although it also carries out commercial litigation and […]

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