Banking and finance news from Luxembourg: the law bill on patrimonial foundations

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Italy real-estate update — July 2013

The development of regulations requiring earthquake resistance in buildings in Italy has been a complicated process, often resulting from a reaction to a specific event, an approach that makes creating a legal framework difficult, but with the coming into force of Presidential Decree no. 380/2001 the rules to be followed in the construction of new […]

Goodman Derrick advises on CCL sale to Hertz

Goodman Derrick has advised the shareholders of CCL Vehicle Rentals Ltd in respect of the sale of the company (for an undisclosed amount) to multinational car rental company Hertz. The CCL shareholders included management and outside parties and were led by majority shareholder Steven Tucker. Paul Webb led the Goodman Derrick team, which included Heli […]

ACCC obtains its first unfair contract terms declarations: ACCC v Bytecard Pty Ltd

The Australian Competition and Consumer Commission’s (ACCC) first case solely based on the unfair contract terms provisions of the Australian Consumer Law (ACL) has resulted in the Federal Court declaring by consent that four terms in that standard form contract are unfair contract terms and therefore void (in other words, of no effect)… If you […]

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Reed Smith wins High Court battle for Rihanna against Topshop

High street retailer Topshop has lost a High Court battle with international pop star Rihanna. Rihanna, whose real name is Robyn Fenty, instructed Reed Smith to launch the claim after the retailer sold T-shirts bearing her image without permission. Reed Smith partner Michael Skrein instructed 8 New Square’s Martin Howe QC to lead the claim. […]

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