Latest Briefings

Approval of liquidator’s remuneration: a tale of two reporters

A recent Sheriff Court judgment is the latest decision to consider the role and remit of the court reporter in a liquidation which, unusually, involved the court appointing two reporters. In Scotland, the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 provide that where there is no creditors committee, the remuneration of a liquidator shall […]

Variation to an office lease to allow use as a private members’ club

The Upper Tribunal has allowed a variation to a lease that restricted the use of a property to office use (with minor residential use) so that the tenant could implement a planning permission to convert the property into a private members’ club. Background A user clause in a lease is a restrictive covenant. If the […]

Tax now payable much sooner following a disposal of residential property

From 6 April 2020 significant changes will be made to the deadline for paying capital gains tax (CGT) and filing tax returns in respect of disposals by individuals and trusts of UK residential property. Taxpayers and advisers need to be aware of these changes now. UK property disposals prior to 6 April 2020 Previously, UK […]

Coronavirus job retention scheme: pensions aspects

When considering how to use the coronavirus job retention scheme (CJRS), employers may be wondering what this means for pension contributions and auto-enrolment obligations. This update considers some of the issues. How the CJRS works To access the CJRS an employer will need to designate affected employees as furloughed workers, notify the employees of this […]

Competition law – welcome guidance in a time of crisis

The Competition and Markets Authority (CMA) has published helpful guidance on how it will apply competition law in light of COVID-19. Meanwhile, the government has taken the unprecedented step of relaxing competition law in certain sectors. In the round, these developments offer welcome guidance and comfort – but they also serve as a timely reminder […]

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The Lawyer UK 100: out 4 September

The Lawyer is taking a holiday next week but will return on 4 September with The Lawyer UK 100 Annual Report – the definitive guide to the finances of the UK’s 100 biggest firms, 30 leading chambers and leading international firms in London.

Salans guards against weak dollar with euro billing

Salans is protecting itself against the increasingly weak US dollar by changing the majority of its offices’ billing to euros. The international firm, which has offices in the UK, US and Continental and Eastern Europe, as well as Russia, Turkey and the Middle East, uses the dollar as its functional currency. To protect partners against […]

Mergermarket sale provides rich pickings

Nabarro Nathanson completed a great month for its corporate group as, along with Mayer Brown Rowe & Maw (MBR&M), Freshfields Bruckhaus Deringer and Travers Smith, it bagged a role on media company Pearson’s £101m purchase of data provider Mergermarket. Nabarros partner Iain Newman advised investors NewMedia SPARK. Meanwhile, MBR&M partners Paul Maher and Michael Wallin […]

Lovells takes on Standard Chartered’s bank venture

Lovells has advised Standard Chartered (Pakistan) on its acquisition of an 80.9 per cent stake in Union Bank for $413m (£218.73m), marking the biggest deal in the Pakistan banking sector to date. Lovells has advised Standard Chartered (Pakistan) on its acquisition of an 80.9 per cent stake in Union Bank for $413m (£218.73m), marking the biggest deal […]

Online gaming companies have winning argument

It appears that the online gaming industry cannot stay away from the headlines. The feeding frenzy following BetonSports chief executive David Carruthers’ arrest was not dissimilar to the fascination prompted by the largest of the online gaming floats last year. There are those who suggest that this arrest spells the demise of the industry. This […]

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