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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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'Two strikes' proposal could undermine Scots legal system

The integrity of the Scottish legal system could be compromised if Government proposals on crime and punishment are implemented north of the border, Scotland’s most senior judge has warned. In his last address before becoming an appeal judge in the House of Lords, the Lord President and Lord Justice General of Scotland, Lord Hope of […]

Simmons closes net on Goldfish terms

The terms of British Gas’s much-publicised Goldfish loyalty card, which gives its customers reductions on their gas bills, were hammered out by a team of lawyers from Simmons & Simmons. Tax partner Stephen Coleclough said his team, which acted for HFC, the bank issuing the card, had to devise contracts that ensured “no one goes […]

In brief: MacRoberts does most deals in Scotland

A Scottish business magazine has named MacRoberts as top legal adviser in Scotland by value of deals done. The firm completed deals totalling £1.4 billion in the past six months to win the accolade from Scottish Business Insider, which surveyed lawyers, accountants and banks.

Brighton duo agree on claim payout

Two Brighton firms of solicitors have agreed to pay £55,000 in settlement of a negligence claim by a mother-of-two they represented in a claim against a local health authority. Julie Carey first instructed Davies & Co and later Fitzhugh Gates to sue Brighton Health Authority for medical negligence on the grounds that doctors at the […]

IT brings librarians to book

Medium-sized firms do not possess the resources in finance, space or personnel to match large firms. Nevertheless, they face the same demands for up-to-date legal information and quick access to a wide range of sources is essential. Librarians in medium-sized firms are one-stop information shops. If the information required is not in the library, they […]

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