Air control

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Latest Briefings

2019 Global Survey on the Commercialisation of Disputes – Bermuda

Rhys Williams Q. Are lawyers able to enter into contingency/ damages sharing agreements with clients? No. These are prohibited by the Barristers’ Code of Professional Conduct 1981, Rule 96. The Bar Council has proposed allowing conditional/contingent fee structures however no steps have been taken to do so thus far. Q. Recoverability of client costs and/or success […]

Should inheritance tax be simplified?

By Aidan Grant The Office of Tax Simplification (OTS) has published a number of recommendations for how inheritance tax (IHT) could be amended and simplified. While these amendments do not go so far as to shake the foundations of the tax itself, nevertheless the proposals would require all practitioners to come to terms with the […]

Focus on IP Article

Rob Fahrenheim’s article has been published on the ‘Business Game Changer’ website, discussing the importance of protecting your Intellectual Property. Please read the full article below. Why protect your IP? Intellectual property rights are often a business’ best kept secret. Managers are typically well aware of the cost and value of their physical assets, such […]

Malcolm Gammie QC appears in the successful dismissal of an appeal by the administrators of Lehman Brothers

The Supreme Court handed down judgment in HMRC v Joint Administrators of Lehman Brothers International (Europe) (in administration) [2019] UKSC 12 on 13 March 2019.  Malcolm Gammie QC appeared for Her Majesty’s Revenue & Customs with Catherine Addy QC. The issue before the Supreme Court was whether the estimated £5billion of statutory interest that was payable under […]

Standard Life Aberdeen plc – successful outcome in arbitration

An arbitral tribunal established in respect of the dispute between the Standard Life Aberdeen (“SLA”) and Lloyds Banking Group / Scottish Widows (“LBG”) has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of […]

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ING to force City banking firms to earn their keep

ING, the largest financial services group in the Netherlands, is setting up its first global banking panel in an attempt to cut costs. The panel will be for the investment and wholesale banking divisions of ING’s £38bn organisation.The financial giant, which last week cut 1,000 jobs, will give a handful of international firms the bulk […]

Raising finance

Julia Salt and Ben Conway give the lowdown on methods of commercial aviation funding Aviation finance is the generic term used for activities relating to the business of providing funding for participants in the commercial aviation arena. This funding can be supplied through a variety of structures, all with the aim of providing financing solutions […]

Opinion

Shan Lambert has hit the big one. On 14 November, she became the first wife to be awarded 50 per cent of the marital assets on divorce by the Court of Appeal. It is the most groundbreaking monetary award since the House of Lords’ landmark decision in White v White. Harry and Shan Lambert were […]

SRA sidesteps panel to use A&O on review

The Government’s Strategic Rail Authority (SRA) has gone off-panel to appoint Allen & Overy (A&O) to the coveted role of adviser on the Network Rail securitisation and on the interim review of Network Rail ordered by the rail regulator. SRA invited firms to tender for the work because key adviser Linklaters is advising Network Rail […]

MPs question Govt on pensions

MPs from Wales last week tabled questions in Parl-iament querying whether the Government might be open to massive claims from UK pensioners with final salary schemes but insolvent employers The MPs, backed up by a paper from Denton Wilde Sapte pensions partner Elmer Doonan, believe an EC directive has not been properly implemented. Doonan said: […]

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