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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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PC fee has fallen by more than u5

YOUR story (Law Society rejects bid to shave practising fee by u5, The Lawyer 29 March) ignores the simple fact that, for the fifth year running, the practising certificate fee has not increased. Indeed, since 1995, the PC fee has reduced by u65. Robert Sayer, vice president, The Law Society

Giving a dam for complaints flood

Does the Law Society have the stomach to fight for client care or is it suffering from indigestion? Marlene Winfield has the diagnosis. Is the Law Society capable of enforcing client care? A case in point is Stuart Pilbrow. Mr Pilbrow asked a firm of solicitors for legal advice, but the firm failed to tell […]

The Mersey Docks and Harbour Company

The last couple of years have been relatively quiet for the legal department of the Mersey Docks and Harbour Company (MDHC). But that has probably come as a relief after the long-running wrangle with 327 sacked dockers, which started in 1995 and went on until January 1998. The industrial dispute began after the dockers were […]

Financings

SJ Berwin acted on the public offering of home superstore company Home Place. The company, incorporated by SJ Berwin in 1997, capitalised at £4m. Partner Jonathan Djanogly led the transaction.

In-house attractions tempt firms' finest

The latest in-house salary survey (page 10-11) might well make depressing reading for those at management levels in the top City firms. According to the survey, carried out by recruitment consultants Garfield Robbins, senior in-house counsel are now commanding salaries which rival the income of partners in top firms. On top of this, in-house lawyers […]

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