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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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Real Estate and Projects

Compass sells Regent Palace and Strand Palace, Cumberland Hotels, Posthouse Hotels and Heritage Hotels for an aggregate value of £1.3bn. Compass Group advised by Freshfields Bruckhaus Deringer (James Davis) and Paisner & Co (David Levy, Rachel Phillips). London & Regional Properties, purchaser of Regent Palace and Strand Palace, advised by Lawrence Graham (Michael Fielding). Grand […]

FHM fame and fortune floozy

Well, well, well. Which is the cooooolest law firm in the world, ever? Tulkinghorn feels that this is basically a contradiction in terms, but if pushed maybe it should be Clifford Chance or SJ Berwin? But no, it is actually Shoosmiths. Why? It is the only firm that Tulkinghorn knows of that is worthy of […]

Boodle targets private clients in restructure

Boodle Hatfield has appointed its first managing partner in five years as part of a major management overhaul. The 33-partner firm, which has offices in Oxford and London, has elected corporate partner Chris Putt to the role. Putt has been with the firm since 1994. In addition to Putt’s appointment, four partners will become business […]

People’s bank / citigroup

Another nice deal for London-based Cleary Gottlieb partner Andrew Curran, who joined the firm from Lovells in 1997. This sale comes hard on the heels of his work for Kobe Steel and its subsidiary Kobelco Construction Machinery in its global alliance with CNH Global (The Lawyer, 16 April), and last year he advised Robert Fleming […]

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