Latest Briefings

UK Government to enhance FCA powers to facilitate LIBOR transition

The UK Government announced on 23 June 2020 that it intends to introduce new legislation to give the UK Financial Conduct Authority (FCA) enhanced powers in circumstances where (i) LIBOR ceases to be representative of the market and (ii) its representativeness cannot and will not be restored. This is intended to solve the problem of “tough legacy” contracts by giving the FCA the power to protect consumers and market integrity in relation to those contracts (which the FCA envisage will be a “narrow band”).

Exiting the Covid-19 haze: assessing business operations in a crisis

In this article, we discuss some of the key areas of focus that business owners and managers should prioritise when undertaking an early assessment of business operations to ensure that productive functions are reflective of a new operating environment. This is especially important where Coronavirus (COVID-19) has led to a significant change in the business model.

European Commission publishes evaluation report on GDPR

The Commission’s report argues that, generally, GDPR has successfully met most of its objectives, in particular by offering citizens a strong set of enforceable rights and by creating a new European system of governance and enforcement. It also, however, identified a number of areas of improvement.

US CLO warehouses – Covid-19 health check

As the market continues to deal with the unprecedented impact of the pandemic on the global economy, we consider the resilience of US CLOs, which were still in the warehouse stage when COVID-19 hit. Since that date, CLO managers have been extremely focused on and, based on our analysis, largely successful in flattening the effects of the loan price decline curve.

Costs and the expert in private children cases

Dewinder Birk of No5’s Family Group has set out two cases dealing with two different aspects of experts’ costs in private children cases, but both of which highlight the robustness of the higher courts in exercising discretion in relation to costs when dealing with such matters.


Buchanans woos Eversheds’ Halliday

Buchanan Ingersoll is continuing its aggressive City recruitment drive by hiring Eversheds‘ former head of international banking. The US firm’s London office has taken on David Halliday to head its European banking practice. Halliday announced earlier this year that he was quitting Eversheds without a new firm to go to. The national firm has yet […]


Kennedys has announced that it will open an office in India in January 2001. The firm, which specialises in international dispute resolution, is taking advantage of the recently deregulated Indian insurance market. The office will be located in New Delhi and will be headed by former Kennedys’ partner Neeraj Tuli, who is a member of […]

Olswang fills Berwin Leighton’s shoes for Lloyds venture work

Olswang has completed its first-ever deal for private equity house Lloyds TSB Development Capital. The retail bank’s private equity arm is one of several corporate finance houses that have defected from Berwin Leighton, along with partners Chris Mackie and Fabrizio Carpanini. Both joined Olswang as partners in February this year (The Lawyer, 22 November 1999). […]

Wiriadinata breakaway group links with Herbert Smith

Indonesian firm Wiriadinata & Widyawan has lost a chunk of its practice after five lawyers left to set up an association with Herbert Smith. The lawyers have left the Jakarta-based practice and have established their own firm Hiswara Bunjamin & Tandjung (HBT). Wiriadinata has had a 12-year association with Australia’s Allen Allen & Hemsley, part […]

Talk about communication

The increasingly global reach of major City firms and their ever-growing size benefits clients in many ways, but only if the firms’ internal communications systems are effective. Most have invested heavily in the vast array of modern technology available – emails, internet, intranets, extranets and video-conferencing being some of the most popular. Their efforts to […]

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