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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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A Vews from Budapest

The rise and apparent fall of the Budapest Stock Exchange has taken place at high speed. At the same time as the exchange was celebrating its 10th anniversary earlier this year, most thoughts were focused on the depressed state of the market, not all of which can be attributed to wider factors affecting other equity […]

Gordon Dadds welcomes Camillins into the fold

High-profile Mayfair private client firm Gordon Dadds has swallowed three-partner commercial practice Camillins. A merger has been announced – to be completed in August – that will give Gordon Dadds a total of 15 partners. Patrick Gearon, founding partner of Camillins, says: “We’ve built the firm up over the last few years and are now […]

Summer in the City

For all those lawyers in London who haven’t seen the sun yet this year, Tulkinghorn is delighted to inform you that a couple of Fridays ago was a bright sunny day all across Western Europe. So sunny, in fact, that Clifford Chance’s Amsterdam office organised a charabanc trip to the seaside for all staff, and […]

Five-partner finance team quits Sidley for E&Y DC firm

One of the leading structured finance teams in the US is leaving newly-merged Sidley Austin Brown & Wood to join Ernst & Young’s law firm McKee Nelson Ernst & Young. The team of five partners, believed to be the biggest structured finance team in the US outside New York, is the first to desert the […]

Gateley Wareing's profits soar

Midlands-based firm Gateley Wareing has revealed a profit increase of 29 per cent on last year and a 26 per cent rise in turnover for the same period. The 15-partner firm brought in gross fees of £9.5m in a year which saw the launch of its Nottingham office. This third Midlands office adds to existing […]

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