The stars of the insurance market

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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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County court block could cost millions

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Shakespeares in merger talks with PI firm

Birmingham commercial firm Shakespeares is in merger talks with local practice Philip Baker & Co. Philip Baker specialises in representing personal injury claimants. A merger between the two would come as a surprise considering the increasing volatility in the PI market. Several firms are understood to have considered off-loading their PI departments as fears grow […]

Finers takes Stephens Innocent's name as merger ends speculation

Claire Smith reports on a union that has left one firm bemused after the merger counsel ran off with the bride. West End firm Finers and City media practice Stephens Innocent have merged to form Finers Stephen Innocent, as predicted in The Lawyer last week (1 November). The new firm, Finers Stephens Innocent, will begin […]

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City giants and niche firms blur the borders

The distinction between City firms and the EC3 London insurance litigation specialists is dissolving as the groups vie for each other’s work. Catrin Griffiths reports. If the insurance industry is suffering from overcapacity and soft rates, then so is the legal market. At the volume end, firms are being squeezed; at the high end, where […]

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