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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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Olympic Delivery Authority chooses City firms for panel

Berwin Leighton Paisner, Clifford Chance, DLA Piper Rudnick Gray Cary, Freshfields Bruckhaus Deringer and Pinsent Masons were last week appointed to the Olympic Delivery Authority’s (ODA) legal panel, as first revealed on www.thelawyer.com (21 June). The firms will now vie for high-profile work advising the ODA on the hosting of the London 2012 Olympic Games. […]

Papers agree ‘orgy’ settlement with Ashley Cole

Teacher Stern Selby and specialist advocacy firm David Price Solicitors have secured apologies and damages for footballer Ashley Cole and DJ Masterstepz after The Sun and The News of the World published articles allegedly linking the pair to a “gay sex orgy”. Graham Shear of Teacher Stern Selby filed the claim for Cole in March […]

Killer name

A couple of late entries for Tulkinghorn’s quest for the most comical email addresses. First this blatant bit of self-promotion from Michael Franks of William Sturges & Co: “If you go back to the days of telex and telex ‘answer back’, Harris Chetham & Co (commonly known as ‘Harass and Cheatem’) had a telex answer […]

Education team for Guildford Chambers

Bristol set Guildford Chambers is launching a team of barristers dedicated to education law. The 10-strong team will be led by head of chambers Simon Oliver and will focus on advising on issues related to education and special educational needs. Senior clerk David Smith said barristers within the set had previously done education work as […]

England’s exploits bring out the hooligan in Mayer Brown

After England’s, ahem, heroic exploits at the weekend, the nation’s lawyers are returning home to pop in on The Lawyer Awards tonight before heading back out for the Portugal game on Saturday. Mayer Brown Rowe & Maw head of securitisation Dominic Griffiths nearly failed to get into the England game. On the eve of the […]

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