Latest Briefings

Cryptocurrencies: 2020 and beyond

As the global leader in alternative investment funds and one of the most innovative financial centres in the world, it is unsurprising that the Cayman Islands has quickly become a popular destination for cryptocurrency vehicles and initial coin offerings (ICOs).

UK Government to enhance FCA powers to facilitate LIBOR transition

The UK Government announced on 23 June 2020 that it intends to introduce new legislation to give the UK Financial Conduct Authority (FCA) enhanced powers in circumstances where (i) LIBOR ceases to be representative of the market and (ii) its representativeness cannot and will not be restored. This is intended to solve the problem of “tough legacy” contracts by giving the FCA the power to protect consumers and market integrity in relation to those contracts (which the FCA envisage will be a “narrow band”).

Exiting the Covid-19 haze: assessing business operations in a crisis

In this article, we discuss some of the key areas of focus that business owners and managers should prioritise when undertaking an early assessment of business operations to ensure that productive functions are reflective of a new operating environment. This is especially important where Coronavirus (COVID-19) has led to a significant change in the business model.

European Commission publishes evaluation report on GDPR

The Commission’s report argues that, generally, GDPR has successfully met most of its objectives, in particular by offering citizens a strong set of enforceable rights and by creating a new European system of governance and enforcement. It also, however, identified a number of areas of improvement.

US CLO warehouses – Covid-19 health check

As the market continues to deal with the unprecedented impact of the pandemic on the global economy, we consider the resilience of US CLOs, which were still in the warehouse stage when COVID-19 hit. Since that date, CLO managers have been extremely focused on and, based on our analysis, largely successful in flattening the effects of the loan price decline curve.

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n brief: TSG helpline receives two suicide calls

The number of calls to the Trainee Solicitors’ Group (TSG) helpline has more than doubled in the last year. TSG chair Nick Armstrong said the severity of some of the problems trainees were facing was “horrifying”. The helpline also received two suicide calls in the last six months.From June to September the helpline took 116 […]

In brief: Wragge & Co

In last week’s article headlined “Wragge & Co client threatens to dump firm over ‘excessive’ fees”, it was incorrectly implied that Innovative Technologies finance director David Chellingsworth had warned law firms Wragge & Co, Bingham Dana & Gould and accountancy firm Pricewaterhouse Coopers that they could be dropped if fees were not cut. We would […]

It's been a bad week for:

Judges. Boy has it been a bad week for judges. Where to start? How about with Judge Martin Binning who imprisoned John McGranaghan for nine months following a knife attack, earning the ridicule of Private Eye. Lawyers for McGranaghan had argued that he had a serious medical condition after suffering two heart attacks while being […]

Its been a good week for:

Staff at Davies Arnold Cooper. Last week their boss, David McIntosh, told the Trainee Solicitors’ Group that professional success was not inevitably linked to a life of long hours. Assistants at the firm may wish to remind David of this should they ever decide they want to leave at 5.30pm on the dot. Hammond Suddards, […]

Human rights:where's the beef?

The Human Rights Act promises UK residents a truly democratic society for the first time. But, asks Matheu Swallow, is the UK ready for such a revolution? There are concerns that Britain’s judiciary is ill-equipped to cope with its new responsibilities. “Football’s coming home” was the unofficial anthem for the England World Cup squad of […]

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