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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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Clyde & Co has the edge in race for sports lawyer

Clyde & Co has beaten Edge Ellison in the race to sign former Edward Lewis partner and leading sports lawyer Michael Breen. The signing is a coup for Clyde & Co which currently only has a one-partner sports practice. Breen, one of the last partners to leave Edward Lewis, had been in talks with Birmingham […]

Society takes the road to recovery

The Society of Practitioners of Insolvency has voted for a new name and constitution to reflect the modern market in which its members work, says Stephen Gale. For years now the market in which insolvency professionals operate has been changing from one dominated by formal insolvency appointments (for example, receiver, liquidator, administrator or trustee in […]

Eversheds wins Welsh contract

Eversheds has won a three-year contract to be sole legal adviser to the National Assembly for Wales. The firm was up against four unnamed rivals to win the prestigious contract, which involves advising on matters relating to employment, equal opportunities, health and safety, property and land-related issues, commercial law, procurement and litigation. Eversheds will also […]

Landwell recruits global head and seven new partners

Alan Morris, an accountant, served as Simmons’ financial director and then spent three years as managing director until he was replaced by a managing partner – David Dickinson – in April last year. In his specially created new role, he is charged with ensuring that the firm’s 20 international practices are properly integrated. He will […]

Scuffle of the week

The fight is on on the Tube, not just for a seat but also for the right to use the name ‘Metro’, the title of the new range of free newspapers given out in city centres. In Manchester, the Guardian Media Group has won the right to use the name over Associated Newspapers, which started […]

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