Recovering debts in a post Brexit Britain
By Paula Swain, Jason Byrne and Andrew Foyle This article looks at the possible impact for Credit Managers on our upcoming exit from the EU, and how they will recover debts from EU customers. Current Position Suppliers of goods and services to the EU will, in most cases, include a clause in their contracts dealing […]
Major change: the VAT reverse charge for building and construction services
By Kate Garcia, Caroline Airey The domestic reverse charge – referred to as the reverse charge – is a major change to the way VAT will be collected in the building and construction industry. However a significant number of construction businesses are unaware of it, and many more are unprepared for the coming changes. The […]
So you think you’ve blown the whistle and the boss is mad, now what?
By Rachel Mulvany, Antonia Blackwell When an individual makes a protected disclosure (aka ‘blows the whistle’) they should not be subjected to a detriment or dismissed as a result. This article explores when ‘whistle-blower’ protection can be relied on by an employee or worker. Summary of Whistleblower Protections The Public Interest Disclosure Act 1998 (PIDA) […]
Which breaches of contract result in a right to terminate?
By David Goy Most commercial contracts, including property contracts, include a right to terminate for one or both parties in the event of breach. As the ultimate recourse for an aggrieved party, courts are often asked to interpret termination rights. Most commercial contracts, including property contracts, include a right to terminate for one or both […]
Quarter 3: Employment Case Law Update
By Laura Wright, Antonia Blackwell For the next instalment in our quarterly case law series, we look back at some of the key cases since April 2019 and the lessons which we can learn from them. Discrimination There have been some interesting discrimination cases this quarter. In Baldeh v Churches Housing Association of Dudley and District […]
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Penningtons Manches Cooper records modest growth in pre-merger year
Penningtons Manches Cooper’s revenue has risen to nearly £80m while profits have taken a hit, in the firm’s second year as a member of the UK top 50. Over 2018/19, the firm saw slower growth compared to its previous two financial years, when both revenue and profit saw double-digit growth. Revenue rose 4.5 per cent, […]
The speed read: in-house fluidity; US firm office moves; and a poison pen at Doughty Street
Deep into August and the City is quiet as partners take a well-earned break drinking wine in Provence, sunning themselves on a Greek island or, in the case of one out-of-office reply we received this morning, “sailing round Alaska.” Nevertheless, the news does keep coming… The in-house market has rarely been this fluid The repercussions […]
Magic circle and US firms lead on Hasbro £4bn entertainment deal
Freshfields Bruckhaus Deringer and Mayer Brown have advised on US toy maker Hasbro’s £3.3bn ($4bn) acquisition of UK-listed Entertainment One. Canadian media and entertainment company Entertainment One, or eOne, is the owner of film and television titles such as children’s cartoons Peppa Pig and Ben and Holly’s Little Kingdom, through its family division. Through its […]
Firms set to lose out as Alibaba postpones its HK capital-raising
The delay in China’s biggest e-commerce company public listing in Hong Kong could see the longstanding advisers for Alibaba lose out on fees for a £16m capital-raising. The Alibaba Group announced early in the week that it would delay its IPO process in Hong Kong due to the protests that have swept the Asian corporate […]
Covington begins search for new London HQ as lease end nears
Covington & Burling is on the hunt for new office space in London as its lease edges closer to an end, The Lawyer understands. According to sources in the market, the US firm has kicked off the search ahead of its lease end in 2021. While no shortlist of potential locations is currently available, the […]
A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group
Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]