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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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In brief: Bar Council reduces budget shortfall

The Bar Council has slashed its operating deficit from £143,000 in 1993/94 to £18,500 for the last nine month period – the changeover period to a new financial year. Treasurer Michael Blair told the Bar AGM this was due to work by previous treasurer Martin Bowley QC and ex-chair Robert Seabrook QC. The deficit reduction […]

Irish 'whistle blowing' bill gets rewrite

The Irish Republic has passed a revamped Finance Act after solicitors won their fight against being legally compelled to report tax evasion to the Revenue Commissioners. They had claimed that to do so would contravene the traditional lawyer/client relationship and undermine the citizen’s constitutional right against self-incrimination. The proposal, covering auditors, accountants and tax advisers, […]

In brief: Another writ for dissolved London firm

Bolt Burdon has issued another writ against the partners of dissolved law firm Graham Peries & Co. Hemamali Graham and Indrani Peries, who have been hit by a series of writs in recent months from former clients claiming they are owed money and passports lodged with the firm in support of visa applications, are being […]

Council 'leaves door open' for hunt bans

Cyril Dixon reports SOMERSET County Council claims it has paved the way for successful bans on hunting – despite losing its bid to prevent the Quantock Staghounds riding across its land. Leader Chris Clarke made the claim after the council finally gave up plans to take its battle with the Quantock to the House of […]

No longer quiet on the debt front

Cross-border debt recovery – is there a peace dividend for Irish lawyers? Over the past 25 years, Irish lawyers, both north and south of the border, have tended to continue with their day-to-day business without a great deal of interaction. The two business communities have tended to cater for their own and, with a few […]

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