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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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Birchams lures CC man to realise corporate ambitions

Bircham Dyson Bell has dipped into the magic circle to boost its corporate team. The ambitious Westminster firm has recruited Clifford Chance corporate senior associate Bruce Jones as a partner. Birchams head of corporate Paul Voller said: “The hire’s part of our strategy to significantly develop our presence in the corporate finance market. The corporate […]

Thompsons overhauls management

Trade-union and personal injury specialist Thompsons has a new chief executive and has created the new post of executive chair. Current CEO Geoff Shears moves into the new executive chair role, while client director Stephen Cavalier, formerly the head of the firm’s employment rights group, takes Shears’ place as CEO. Cavalier commented: “It’s a balance […]

Dewey, Orrick focus on London despite merger negotiations

Dewey Ballantine and Orrick Herrington & Sutcliffe‘s London offices remain focused on their respective independent growth strategies, despite last week’s confirmation that the two US heavyweights are in merger talks. As revealed on https://www.thelawyer.com (12 September), the two US firms’ respective chairmen, Morton Pierce and Ralph Baxter, confirmed that the firms are in preliminary ongoing […]

Going solo – the best route to partnership?

Ambitious lawyers want to attain partnership in a firm for a variety of reasons, both personal and financial. But what is the best route to achieving this goal? And what about those with an entrepreneurial spirit? Is the satisfaction greater still in going your own way and starting your own firm from scratch?This question has […]

NTL adds finance nous with in-house additions

NTL has hired two new in-house lawyers to strengthen its internal M&A and finance capability. The company has hired Scott Dresser and Ruchi Kaushal as assistant general counsel in the London office, reporting directly to general counsel Bryan HallDresser joined from US reinsurance company White Mountains Re Group, prior to which he was at Morgan […]

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