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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 […]

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Grapevine

Good news for monoglots everywhere: yesterday the European Court of Justice (ECJ) ruled that a lawyer does not have to speak the language of the country they want to practise in. You can read more about this here, but right now we’re intrigued by the implications. Is this yet another reason for the Brits not […]

Milbank opens in Beijing after six-month wait

Milbank Tweed Hadley & McCloy has launched an office in Beijing to boost its Asian presence. Milbank announced its decision to launch an office in Beijing, first revealed by The Lawyer (January 30), after the closure of its 10-lawyer Silicon Valley office. Milbank chairman Mel Immergut explained that the firm had decided instead to channel […]

Help find a tome a home

Plenty of books cross Tulkinghorn’s scribes’ desks begging for review, most of them so dull that they’re piled up waiting for a suitable home. However, one such book has been saved from this fate. The title, Dodging Bullets, grabbed the attention. Okay, it’s subtitled Advice for Employers on Tricky Legal Situations, but any book that […]

Eversheds gets go-ahead for Qatar Financial Centre opening

Eversheds has become the first international law firm to be granted a licence to practise in Qatar’s new financial centre. The firm joins a small but increasing number of global organisations, including Barclays, Morgan Stanley and Standard Chartered, to be given the authorisation to operate in Qatar. Partner Chris Jobson will lead the new venture. […]

Clifford Chance waits on China green light

Clifford Chance waits on China green light” />Clifford Chance announced recently that it intends to team up with a Chinese law firm as soon as the Chinese government allows it. The firm’s Asia managing partner Jim Baird says: “[China] is a high-priority strategic focus of many of Clifford Chance’s global and major regional clients. Accordingly, […]

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