Acting up

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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; […]

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Keeble Hawson advises start-up financial adviser support service

Yorkshire law firm Keeble Hawson has scored a deal advising independent financial adviser (IFA) support network 2plan on its start up. Leeds-based 2plan, which will provide a back-office system for IFAs across the country, has been set up by directors Chris Smallwood and Chris Davies with life office giant Standard Life taking a minority stake. […]

Shipping: Steady as she goes

Britannia is still holding her own in the shipping and international trade arena, says Fred Konynenburg Traditionally London has enjoyed a reputation as the world’s leading centre for resolving legal disputes in the fields of shipping and international trade. Recently, however, London’s global market share has come under assault from various competitors and, as a […]

Hill Dickinson to educate its lawyers on business matters

Hill Dickinson has launched a new training programme aimed at honing skills and improving its lawyers’ knowledge of the business. The firm has launched in-house training sessions for all lawyers in the Chester, Liverpool, London and Manchester offices to provide a better understanding of the firm and strengthen client relationships. Hill Dickinson managing partner Peter […]

A&O’s record year triggers new bonus

Allen & Overy‘s (A&O) London associates are set for a bonus of up to £23,100 following the firm’s record financial performance this year. According to the new bonus scheme, which went live in May this year, associates who meet the relevant competency requirements are in line for between 50 and 75 per cent of a […]

Thierry Henry turns to Mishcon for divorce

Mishcon de Reya has been appointed to handle the divorce of former Arsenal star Thierry Henry in what could be the biggest divorce payout by a footballer, with Henry’s fortune estimated at £25m. Mishcon partner and head of the family group Sandra Davis will be working on the case with assistant Ruth Abrams. Davis has […]

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