This week’s top 15 legal briefings – 31 October 2014

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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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Gateley partner comments on July–September insolvency statistics

William Ballmann, chair of R3 in Yorkshire and partner at Gateley, has commented on the July–September England and Wales insolvency statistics. According to Ballmann, the recent spikes in personal insolvency numbers have been partially driven by people switching into formal processes — usually IVAs — having previously been in unrecorded debt management plans. It may be that […]

General Motors GC retires after 37 years at auto giant

A month after General Motors (GM) chief executive Marry Barra made an impassioned defence of her general counsel Michael Millikin in front of the US Senate it has emerged that he is to retire. Millikin’s decision comes after five years in the top legal job at GM and 37 at the company. In recent months […]

David Stewart

Olswang at the crossroads as turnover lags peer group

UK 200 figures show that Olswang has lagged behind its TMT competitors over time, and it will shortly have to cope with the arrival of Cooley in London. With CEO David Stewart now out the door, does the firm have a plan? US technology big beast Cooley has not even launched yet in London, but […]

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Irwin Mitchell acquires Mayfair-based Berkeley Law

Irwin Mitchell has acquired Mayfair based private wealth specialists Berkeley Law in a bid to gain ground in London. As well as the Mayfair headquarters, the acquisition includes a separate residential property and conveyancing business, Berkeley Hurrell in Kensington. Berkeley Law is believed to turn over between £3m and £4m per annum and specialises in […]

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In-house interview: Cambridge University Press GC William Bowes

Few publishing houses can compete with Cambridge University Press on history or prestige but, as general counsel William Bowes knows well, that comes with a back catalogue of challenges When William Bowes joined Cambridge University Press (CUP) in 2011 the business was at risk of becoming stifled by its own history and a raft of […]

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