Dominant purpose test proves difficult to pass

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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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Damac flotation delay ‘could be a tactical decision’, says Eversheds’ Andrew Nunn

Commenting on news that Dubai-based property group Damac’s London flotation has been delayed, Andrew Nunn, partner at Eversheds, said that there could be a number of factors involved, one of which could be a tactical decision to see whether enhanced investor interest and pricing will be generated by a successful Expo 2020 Bid. Nunn said that there […]

Allen & Overy’s Singapore office set to host ICC Institute Masterclass for Arbitrators

Allen & Overy’s Singapore office is hosting an ICC Institute Masterclass for Arbitrators, an advanced-level course for practitioners wanting to gain more experience of sitting as arbitrator. Speakers include Michael Young, co-head of the global arbitration group at Allen & Overy and alternate member of the ICC International Court of Arbitration. The course is being […]

Should you tidy up your corporate group?

Public companies and large private companies that have been incorporated a number of years are likely to have accumulated a number of subsidiaries, some of which will be defunct. In other cases, the subsidiaries may not be actively trading but may have historic liabilities, actual or contingent. In both cases, it may make sense to […]

Karanovic & Nikolic hosts event on transfer pricing in Serbia

More than 50 participants have attended an event hosted by Karanovic & Nikolic on the implementation of transfer pricing in Serbia. Tax partner Tanja Unguran elaborated on the legal implications of the newly imposed transfer pricing study, which is obligatory for all Serbian companies to file. Aleksandra Raach, regional transfer pricing head, provided participants with insight on the practical […]

Michael Greville
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Half-year turnover up 12 per cent at Watson Farley

Watson Farley & Williams has posted double-digit revenue growth for the first six months of the 2013/14 financial year with half-year revenues of £52m.  The figure is promising for the firm, which saw a 13 per cent fall in average profit per equity partner (PEP) at the year-end despite reporting a 2 per cent increase […]

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