Firms’ freethinking

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Latest Briefings

Newsflash: Canary Wharf Brexit frustration dispute settled

By Gwendoline Davies, Martin McKeague We reported, in February this year, the High Court’s decision in Canary Wharf v EMA [1] that Brexit will not frustrate (and therefore effectively terminate) the European Medical Agency’s lease at Canary Wharf. The High Court’s decision was generally welcomed because, had the High Court found for the EMA, countless leases and commercial contracts […]

A new energy and carbon reporting framework is in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson A new energy and carbon reporting framework applies from 1 April 2019, following abolition of the CRC Energy Efficiency Scheme and the introduction of corresponding increases in rates of climate change levy. The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations […]

Directors’ remuneration: New regulations are in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 have come into force. The regulations introduce new requirements in relation to a company’s remuneration policy and remuneration report. The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 (2019 Regulations) came into […]

Consultation launched into corporate transparency and reform of the Companies Register

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson On 5 May 2019 the Department for Business, Energy and Industrial Strategy published a consultation on proposals to increase the transparency of UK corporate entities and to enhance the role of Companies House. The potential reforms would amount to the biggest changes to the UK […]

New proposals to make disclosure of distributable reserves mandatory

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson Concerns are mounting that the capital maintenance regime is being undermined and that the time has come for the disclosure of distributable and non-distributable reserves to be mandatory within a company’s audited accounts. Over the last few months there have been numerous reviews and consultations […]

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Addleshaws leads NHS group PFI scheme

Addleshaw Goddard has acted for Lincolnshire Primary Care Trust, Leicestershire Partnership NHS Trust and Derbyshire Mental Health Trust on a trio of hospital and ancillary services deals worth a total £76.5m. Dubbed the Three Shires Batched PFI Scheme, the project has so far been given the go-ahead for the development of the Lincolnshire Community Hospital […]

Wedlake Bell handed Edwin Hill sale role

Wedlake Bell was instructed by commercial property agency Edwin Hill on its £26.9m sale to Canadian property and professional services company Altus Group. Corporate partners Tony Lane and Tim Bird acted for Edwin Hill alongside corporate tax partner Robin Dabydeen. Altus Group received advice from in-house counsel Rose Oushalkas as well as Bird & Bird […]

Cayman Islands

The volatility of the US sub-prime lending market has highlighted the need for offshore funds to be truly offshore. By Sam Shires and Erin Gray Ensuring that an offshore investment fund is truly managed offshore has always been an important factor for tax reasons, but in these times of turbulent markets the location of the […]

Byrne in the USA: Wragges and known man

It’s amazing how often a certain British firm crops up in New York. Or, to be more accurate, how often one of its partners does. Wragge & Co’s David Birch was in town last Saturday (27 October). A spot of Manhattan networking, four days back in Blighty and then Birch was back again yesterday (Thursday […]

A&O on track to hit £1bn turnover after 16 per cent rise in half-year results

Allen & Overy (A&O) is the first firm to publicly release its half-year figures, boasting a 16 per cent rise on its results this time last year. If the firm continues at the same pace until the end of this financial year, it could reach its target of £1bn. Managing partner David Morley said: “Since […]

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