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Latest Briefings

Newsflash: Canary Wharf Brexit frustration dispute settled

By Gwendoline Davies, Martin McKeague We reported, in February this year, the High Court’s decision in Canary Wharf v EMA [1] that Brexit will not frustrate (and therefore effectively terminate) the European Medical Agency’s lease at Canary Wharf. The High Court’s decision was generally welcomed because, had the High Court found for the EMA, countless leases and commercial contracts […]

A new energy and carbon reporting framework is in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson A new energy and carbon reporting framework applies from 1 April 2019, following abolition of the CRC Energy Efficiency Scheme and the introduction of corresponding increases in rates of climate change levy. The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations […]

Directors’ remuneration: New regulations are in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 have come into force. The regulations introduce new requirements in relation to a company’s remuneration policy and remuneration report. The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 (2019 Regulations) came into […]

Consultation launched into corporate transparency and reform of the Companies Register

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson On 5 May 2019 the Department for Business, Energy and Industrial Strategy published a consultation on proposals to increase the transparency of UK corporate entities and to enhance the role of Companies House. The potential reforms would amount to the biggest changes to the UK […]

New proposals to make disclosure of distributable reserves mandatory

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson Concerns are mounting that the capital maintenance regime is being undermined and that the time has come for the disclosure of distributable and non-distributable reserves to be mandatory within a company’s audited accounts. Over the last few months there have been numerous reviews and consultations […]

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The Financial Report — Volume 2, No. 21

DLA Piper has released the latest version (Volume 2, No. 21) of The Financial Report. Contents Discussion and analysis News from the Americas News from Asia and the Pacific News from Europe Global regulators US Securities and Exchange Commission developments US Commodity Futures Trading Commission developments US banking agency developments US exchanges and self-regulatory organisations If […]

When to stay and when to go? Court of Appeal recasts Glaxo guidelines in HTC appeal

The Court of Appeal has given judgment in the ‘stay’ application in the long-running patent dispute between IPCom and HTC. HTC had appealed the High Court’s refusal to stay the proceedings, and the appeal concerned the circumstances in which it is appropriate for an English court considering combined patent infringement and revocation proceedings to grant […]

Professional director’s duties in BVI companies

Professional directorship services are par for the course in the administration of companies incorporated in the British Virgin Islands (BVI). As an adjunct to registered office and agent services, fiduciary services providers frequently offer directorship services. These ‘directors’ are invariably corporate directors permissible under the BVI Business Companies Act… If you are registered and logged […]

Dominant purpose test proves difficult to pass

By Sarah Andrews Here we consider litigation privilege and the dominant purpose test. Litigation privilege stems from a principle that those engaged in or contemplating litigation should be free to gather evidence without a requirement to disclose that evidence to opponents. For litigation privilege to apply, material must satisfy the four following criteria: it must […]

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