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Latest Briefings

What is a ‘reasonable endeavours’ obligation, and is it a sensible solution?

Gwendoline Davies, Head of Commercial Dispute Resolution at Walker Morris explains what a party needs to do to comply with a ‘reasonable endeavours’ obligation, and considers whether endeavours clauses are always a sensible solution. What are endeavours obligations? Many commercial contracts contain obligations on a party to use its best or reasonable endeavours to do something or […]

Fair treatment of existing customers | FCA priorities series part 11

By Michael Ruck The penultimate part in our FCA Priorities series focuses on the cross-sector priority of fair treatment of existing customers. Over the last few years the FCA have increasingly focused on this issue, unhappy that firms were attracting new customers with preferential rates/incentives whilst not offering those rates and incentives to their existing […]

The need for alternative rental structures in retail

By Dan Sweeney Tough trading conditions on the high street have led several major retailers to seek rent cuts or turnover-based rents from their landlords. Monsoon Accessorize, H&M and Primark are amongst those hitting the headlines for entering into these discussions. There is an acknowledgment across a significant part of the market – including occupiers […]

The IPO opportunity for Northern Ireland

By Andrew Jennings Northern Ireland’s (NI) tally of publicly traded firms on stock markets has doubled in the last two years to reach four. In March this year, Belfast-founded data and analytics firm Diaceutics floated on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). This followed Fusion Antibodies, a contract research organisation, […]

Equitable Life Proposal – decision time for trustees

What is the Equitable Life Proposal? The Proposal covers trustees who hold Equitable Life with-profits policies with a guaranteed investment return, as a scheme asset. The Proposal is: to remove the guaranteed investment return (typically 3.5%) on Equitable Life with-profits policies; to uplift the value of the with-profits policy by a minimum primary uplift of […]

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Lawyers slam Government’s new court interpreting system

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Panel beating

The Government’s handling of the FIT rate reduction has damaged the renewables market  The proposal to pay a lower feed-in tariff (FIT) to those who install solar photovoltaics (PV) panels with an eligibility date after 12 December 2011 – before the modification to the FIT regime comes into effect in April 2012 – was […]

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China Watch – The K&WM mega-merger

We have now officially launched the Year of the Dragon in China, which should prove to be an interesting, if not auspicious, year for the China legal market given the announced merger of King & Wood (K&W) and Mallesons and the opening of the new Zhong Lun (ZL) office in London. With this blog entry, […]

Many are called, few are chosen

UK firms among the few big earners on Irish asset agency’s extensive panel Ireland’s National Asset Management Agency (Nama) has one of the biggest legal panels around. But anecdotal evidence suggests only a fraction of the firms appointed actually get any work. The agency appointed 64 Irish firms to its panel to advise on the […]

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BT to offer legal services via claims business  

A wholly owned subsidiary of the BT Group, BT Claims, has unveiled plans to convert to an alternative business structure (ABS). Currently BT Claims handles legal issues relating to the 35,000-strong fleet of BT vehicles. However, plans are under way to roll out the service to other corporates. In a statement the company said: “We […]

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