BLP to cut 58 legal staff in massive salary reduction drive

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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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Post-termination restrictions: how useful is a stick without a carrot?

In a recovering economy, in order to grow business and gain a commercial edge many companies may look to recruit key employees directly from their competitors. Such employees will undoubtedly be aware of an abundance of commercially sensitive information. In that context, restricting the post-termination activities of employees is a necessary part of the business […]

NIcky Richmond
15

Women in the law

It was interesting to hear Vince Cable’s recent announcement that he is prepared to consider legislation to enforce the Government’s target for female representation on the boards of FTSE 100 companies. Why? Because after an initial surge, following the publication of the Davies report in 2011, the pace of change has slowed. The target is 25% by […]

Lend Lease legal chief parts company with construction giant

The senior legal counsel of construction giant Lend Lease, Alistair Cutts, is understood to have left the role as the business scales back its European arm. Sources said Cutts parted company with Lend Lease in recent week. A spokesperson for Lend Lease refused to comment further but did confirm the group’s drive to downsize. A […]

London

Speechly Bircham and Withers merger vote just days away

Withers and Speechly Bircham will vote next week on whether the two firms should merge to create a £170m firm, The Lawyer has learned. Both firms are holding an interim vote next week – Speechly on Tuesday (21 May) and Withers on Wednesday (23 May). Withers said it “will be an opportunity to discuss how […]

Debt programme updates/establishments and the new PD regime — an update

The debt capital market continues to come to terms with the requirements of the new Prospectus Directive (PD) regime. As noted in the previous edition of this note, issuers with debt programmes established or last updated before 1 July 2012 will now have to ensure that relevant amendments are made to base prospectuses at the […]

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