Financing

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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 […]

Recommended

Herbert Smith helps REC attack on Offer

Herbert Smith energy partner Mark Newbery is spearheading a legal attack on Stephen Littlechild, the director general of electricity regulation, on behalf of the 14 regional electricity companies (RECs) in England, Wales and Scotland. Herbert Smith was appointed to advise the RECs on implementing full competition by April 1998 in September this year. In a […]

EU time directive/termination payments. Up against the clock

Every lawyer is probably familiar with the European Working Time Directive, due to have been implemented by EU member states on 23 November 1996. The Press attention on the subject is hard to avoid. However, not all lawyers will be aware what precise form the UK regulations will take, as a result of the UK […]

Flotations

Memery Crystal acted for Emerald Energy on its move from the Unquoted Securities Market to the London Stock Exchange and a £7.5 million placing and a $4.3 million open offer to finance oil and gas exploration in Colombia.

Sayer turns private eye over Regis

“Robert Sayer has missed his vocation,” muttered someone during a coffee break at last week’s Law Society Council meeting. “He should have been a private detective.” Sayer’s unofficial report into Regis to council members quotes from private e-mail memos between staff at Chancery Lane as their alarm about the problems with the computer system grew. […]

County court challenge

Leicester widow Merinda Lea, who claims she was subjected to undue influence to persuade her to put her house up as security on a loan for her former boss, has won the right to challenge a county court order for possession of her home. The county judge at Nottingham also ordered that Mrs Lea should […]

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