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 […]
Costs in judicial review proceedings – FAQs
By Katherine Evans Could a claimant find itself liable for the costs of more than one defendant in judicial review proceedings? Where the Aarhus cap of £10,000 applies, can this be used up at the permission stage? In this legal insight, we look at frequently asked questions on costs in judicial review proceedings. Why could […]
Breathing space scheme – preparing for 2021
By Abigail Hadfield A breathing space scheme for individuals with problem debt will be implemented by 2021, the Treasury has confirmed. Draft regulations are expected later this year. Lenders, loan servicers, debt purchasers and other acquiring funds can now begin taking steps to ensure that they are prepared for this change. What is breathing space? […]
The changing landscape of SME banking complaints
By Peter Richards-Gaskin The current landscape In February this year TLT hosted a client event titled the Changing Landscape of SME Banking Disputes. Speakers from UK Finance, RBS, the Financial Ombudsman Service (FOS) and the CBI provide their views on why the landscape looked like it did and how they thought it would change in […]
Tax exemption for EV workplace charging
By Mark Braude With its targets for a carbon neutral future, the Government is increasingly showing support for the uptake of electric vehicles by introducing legislation that benefits drivers and passengers. Tax rules introduced earlier this year determine that where an employer provides an employee with facilities to charge their own all-electric or plug-in hybrid […]
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Latham exits continue as energy partner joins Morgan Lewis
Latham & Watkins partner Ayesha Waheed has left the firm after over a decade to join Morgan Lewis & Bockius’ London office. Waheed joined Latham in 2008 from Clifford Chance, where she had spent three years as a foreign lawyer in the banking and finance department of its Frankfurt office. She focused on project finance, […]
Former Twenty Essex barrister rejoins set after offshore stint
Commercial set Twenty Essex has hired a barrister from Walkers to add to its civil fraud and asset tracing team. Sarah Tresman has spent three years as a litigation lawyer in the Cayman Islands. Previously she was a barrister at Twenty Essex for seven years, where she began her career. She returns to the chambers […]
Hogan Lovells lands role on British Steel’s rescue talks with Turkish bidder
Three months after British Steel was placed into compulsory liquidation, two firms are leading on the proposed purchase of the business.
A&O to lose fraud head to Milbank’s expanding City office
Milbank has made its second hire from Allen & Overy in 2019, recruiting the firm’s head of fraud to lead a new group in its City office. Mona Vaswani, who is also the head of firm’s UK banking, finance and regulatory litigation practice, will join Milbank after spending 26 years at the magic circle firm […]
LLP accounts: White & Case growth slows after years of expansion
White & Case’s UK and Africa staff numbers went down by 2 per cent over 2018, its accounts have revealed, after a six-year period of rapid growth across both jurisdictions. Over 2018, the firm’s employee headcount dropped from 633 to 619, with a fall in both fee-earner and non fee-earner numbers. The average number of […]
The speed read: Reynen Court arrives; Goodwin keeps hiring and Burford’s IPO dilemma
It’s been a week that litigation funder Burford Capital would rather forget, while legal tech providers have flocked to offer services on the new “one stop” solution for the industry. Here are the key takeaways. Reynen Court’s one-stop shop still has much to prove Reynen Court, the platform claiming to be a “one-stop” tech solution […]