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Latest Briefings

What is a ‘reasonable endeavours’ obligation, and is it a sensible solution?

Gwendoline Davies, Head of Commercial Dispute Resolution at Walker Morris explains what a party needs to do to comply with a ‘reasonable endeavours’ obligation, and considers whether endeavours clauses are always a sensible solution. What are endeavours obligations? Many commercial contracts contain obligations on a party to use its best or reasonable endeavours to do something or […]

Fair treatment of existing customers | FCA priorities series part 11

By Michael Ruck The penultimate part in our FCA Priorities series focuses on the cross-sector priority of fair treatment of existing customers. Over the last few years the FCA have increasingly focused on this issue, unhappy that firms were attracting new customers with preferential rates/incentives whilst not offering those rates and incentives to their existing […]

The need for alternative rental structures in retail

By Dan Sweeney Tough trading conditions on the high street have led several major retailers to seek rent cuts or turnover-based rents from their landlords. Monsoon Accessorize, H&M and Primark are amongst those hitting the headlines for entering into these discussions. There is an acknowledgment across a significant part of the market – including occupiers […]

The IPO opportunity for Northern Ireland

By Andrew Jennings Northern Ireland’s (NI) tally of publicly traded firms on stock markets has doubled in the last two years to reach four. In March this year, Belfast-founded data and analytics firm Diaceutics floated on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). This followed Fusion Antibodies, a contract research organisation, […]

Equitable Life Proposal – decision time for trustees

What is the Equitable Life Proposal? The Proposal covers trustees who hold Equitable Life with-profits policies with a guaranteed investment return, as a scheme asset. The Proposal is: to remove the guaranteed investment return (typically 3.5%) on Equitable Life with-profits policies; to uplift the value of the with-profits policy by a minimum primary uplift of […]

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Mediations double as reforms bite

NEW FIGURES released by the Centre for Dispute Resolution (CEDR) show that the number of mediations it has dealt with has doubled since Lord Woolf’s reforms. Between April and June this year, the organisation dealt with 80 mediations, a 100 per cent increase on the same period last year. The number of lawyers training in […]

The law belongs to lawyers

Write to: The Editor, The Lawyer, 50 Poland Street, London W1V 4AX, fax 0171 970 4640, e-mail lawyer.edit@chiron.co.uk, DX44700 Soho Square. In last week’s letters column Brian Marson urges us not to be frightened of MDPs. They are “not some two headed monster”, he assures us, in fact, he argues, we should embrace them as […]

Law Soc chief quits over 'witch-hunt'

The chairman of the Law Society’s Compliance and Supervision Committee has resigned his chair and council seat following the suspension of Office for the Supervision of Solicitors (OSS) boss Peter Ross. Sources say Howard Hardy was “disgusted” at the “witch-hunt” of Ross and his team and felt compelled to stand down both from the committee, […]

Case of the week

The Bruce Grobbelaar libel trial ended at the High Court with the former Liverpool goalie vindicated. The Sun newspaper, now liable to pay Grobbelaar u85,000 damages and u400,000 legal costs, is appealing the decision. The Sun, represented at the trial by George Carman QC, had claimed Grobbelaar accepted u40,000 to fix a match between Liverpool […]

Will risk reforms need lawyers' help?

Charles Mayo, partner, Simmons & Simmons Richard Barham, partner, Wilde Sapte Nick Davies, head of c & c, Orchard UK-listed businesses must prepare for new proposals by the Turnbull Committee which threaten to turn their methods of reporting internal controls upside down. Companies must take a risk-based management approach to all threats to the company […]

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