Latest Briefings

Approval of liquidator’s remuneration: a tale of two reporters

A recent Sheriff Court judgment is the latest decision to consider the role and remit of the court reporter in a liquidation which, unusually, involved the court appointing two reporters. In Scotland, the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 provide that where there is no creditors committee, the remuneration of a liquidator shall […]

Variation to an office lease to allow use as a private members’ club

The Upper Tribunal has allowed a variation to a lease that restricted the use of a property to office use (with minor residential use) so that the tenant could implement a planning permission to convert the property into a private members’ club. Background A user clause in a lease is a restrictive covenant. If the […]

Tax now payable much sooner following a disposal of residential property

From 6 April 2020 significant changes will be made to the deadline for paying capital gains tax (CGT) and filing tax returns in respect of disposals by individuals and trusts of UK residential property. Taxpayers and advisers need to be aware of these changes now. UK property disposals prior to 6 April 2020 Previously, UK […]

Coronavirus job retention scheme: pensions aspects

When considering how to use the coronavirus job retention scheme (CJRS), employers may be wondering what this means for pension contributions and auto-enrolment obligations. This update considers some of the issues. How the CJRS works To access the CJRS an employer will need to designate affected employees as furloughed workers, notify the employees of this […]

Competition law – welcome guidance in a time of crisis

The Competition and Markets Authority (CMA) has published helpful guidance on how it will apply competition law in light of COVID-19. Meanwhile, the government has taken the unprecedented step of relaxing competition law in certain sectors. In the round, these developments offer welcome guidance and comfort – but they also serve as a timely reminder […]

Recommended

BLP becomes second firm to boost Berlin real estate this year

Berwin Leighton Paisner (BLP) has strengthened its Berlin real estate team with the hire of six lawyers from Orrick Herrington & Sutcliffe. The move follows Orrick’s decision to shut down in both Berlin and Frankfurt earlier this year. BLP is the second firm this year to benefit from a rival outfit closing down in Berlin. […]

Lincoln's Inn
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Exclusive: Commercial set 11 Stone Buildings votes to dissolve

London commercial and chancery chambers 11 Stone Buildings (11SB) will dissolve as of 30 October 2015, The Lawyer can reveal. The set has 40 members, including four QCs and three associated members, plus two pupils. It is not yet known where members will resurface. Its high-profile members include commercial silks Alan Gourgey QC and Jeremy Cousins QC, […]

Walder Wyss helps with acquisition of assets in $23bn transaction

Walder Wyss is assisting Simpson Thacher and Blackstone Group LP with respect to the Swiss part of the announced acquisition of assets of GE Capital Real Estate in a transaction valued at approximately $23bn globally. Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately […]

Richard Masters

Pinsents Masons’ Richard Masters: Our tech product Cerico is taking on the world

Pinsent Masons’ tech acquisition Cerico is about to double in size and is innovating how law firms ensure compliance, says chairman Richard Masters. In 2013 Pinsent Masons teamed up with Glasgow tech company Campbell Nash to launch a product that checks client’s suppliers are legally compliant. Two years on, Pinsents has acquired the majority stake in […]

insurance

Prudential Financial appoints US legal head Harris to global GC role

Life insurance giant Prudential Financial has promoted US general counsel Timothy Harris to the global top job following the retirement of general counsel Susan Blount. Blount announced her retirement last week, after 10 years in the role and 30 years at Prudential Financial. She will be replaced on 1 October by deputy general counsel and US […]

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