Flying a new flag

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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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Strategic decisions

Patrick Stewart says that the shift towards a more business-oriented legal market has increased the competitive pressure on Australian firms. Patrick Stewart is a freelance journalist. At the start of the year, Arthur Andersen threw down a challenge to Australia’s legal establishment when it announced plans to expand its ranks of lawyers from 90 to […]

In-house lawyers look to the future

A survey of in-house lawyers provides a stern request for firms to keep up with developments in IT, writes Ben Kent IN-HOUSE legal departments are embracing new technology quickly – and they want law firms to be more innovative in their use of IT. That is the message from a survey of 300 legal decision […]

African gold mine' solicitor struck off

A LONDON solicitor struck off for offering to shred documents in return for shares worth millions of Canadian dollars has claimed that he was set up by a “wicked individual” in “surreal” and “corrupt” circumstances. At the Solicitors Disciplinary Tribunal on 26 March, Martin Boston, formerly of West End practice Martin Boston & Co, denied […]

Flotation

Greg Scott of Memery Crystal advised human resource consulting company AdVal on its admission to the Alternative Investment Market and the associated £1.55m placing.

Significant progress on pro bono front

Clifford Chance’s expected appointment of a full-time administrator to co-ordinate its pro bono programme is a further positive development on the pro bono front. Lovell White Durrant has already taken a similar step with its recruitment last year of a lawyer in this area of practice, while Linklaters is planning a similar appointment in the […]

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