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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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News in brief

A round up of stories from the UK and around the world Gowling Lafleur Henderson and Smith Lyons have merged to form Canada’s second-largest firm. The merged firm now totals 700 fee-earners, while Canada’s largest, McCarthy Tétrault, has just eight more, according to its figures at the end of June. The merger will strengthen Gowling’s […]

DLA chooses new head of procurement

DLA has promoted Steven Norris to the role of national head of regulated procurement. Norris will lead a group advising public and private sector clients on procurement matters.Norris will operate from the firm’s Leeds office. He said: “The regulation of procurement by the public and utility sectors is of ever-increasing importance, both from a commercial […]

Philip Wood

Until law firms teach their lawyers about other jurisdictions and other systems of law they cannot be truly global. Lawyers cannot all become experts in the detail of the other jurisdictions they work in, but they can concentrate on the transactions that are at the heart of global legal practice. To do that they must […]

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