Latest Briefings

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 […]

Leading and adapting in challenging times: managing a newly remote team

The dynamics of a previously high performing team will shift in response to the recent working from home directive. As leaders we need to understand the factors that will impact even the most resilient and high performing colleagues. It’s likely that high-performing employees may experience varying levels of performance and engagement when they begin working […]

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Akin Gump in Specialist Fund Market’s first IPO

The London office of US firm Akin Gump Strauss Hauer & Feld has advised the first vehicle to list on the Specialist Fund Market, the London Stock Exchange’s public capital market for alternative investment vehicles. Akin Gump landed an instruction from alternative investment company Da Vinci Capital Management, with investment funds partner Simon Thomas and […]

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Council legal teams create own practice

A group of local authority legal teams are set to split from their authorities in a radical bid to create the UK’s first standalone public sector legal practice.

Fresnillo deal tests magic circle mettle

Freshfields Bruckhaus Deringer and Linklaters have won places on the £4bn listing of Mexican silver giant Fresnillo on the London Stock Exchange. Fresnillo, which is expected to enter the FTSE100, called on Linklaters corporate partners Charlie Jacobs and Stuart Bedford and managing associate Iain Wagstaff. Freshfields represented the sponsoring banks, led by JP Morgan Cazanove, […]

Sonnenschein layoffs add to US legal market woes

Sonnenschein Nath & Rosenthal has become the latest US firm to announce layoffs, with the Chicago-based firm making a total of 124 staff redundant. The firm confirmed today (28 May) that it was laying off 37 lawyers, including six partners, four counsel and 27 associates, ranging from first year to senior level. Sonnenschein is also […]

Latham names new finance chief

Latham & Watkins has today (Thursday 22 May) announced the appointment of David Heller as the new global chair of the firm’s finance department. Heller is currently co-chair both of Latham’s insolvency and Latin American practice groups. A restructuring specialist, Heller has represented senior and junior secured and unsecured lenders in workouts and bankruptcy proceedings […]

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