Judgment in the landmark business interruption insurance test case has been handed down by a first instance court consisting of Flaux LJ and Butcher J. The case was brought by the Financial Conduct Authority as a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by eight defendant insurers in respect of business interruption claims by policyholders arising out of the COVID-19 pandemic and the advice of and restrictions imposed by the UK government in consequence.
A report providing legal and regulatory guidance on distributed ledger technology (DLT) has been published by The Law Society, working in conjunction with the Tech London Advocates’ Blockchain Legal and Regulatory Group
Irish Bank Resolution Corporation Ltd v HMRC  EWCA Civ 1128 concerns the compatibility of UK tax legislation with the business profits article (article 8(2)) of the UK / Ireland Double Taxation Convention of 1976 (the “UK / Ireland Treaty”).
In an appeal concerning a multi-million pound audit negligence claim, Grant Thornton LLP has succeeded in substantially reducing the damages awarded by Bryan J at first instance, in a recent decision of the Court of Appeal handed down on 28 August 2020.
In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited  EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.
The government has confirmed that restrictions on commercial landlords on presenting a winding-up petition against tenants that have not paid rent are to be extended to the end of 2020.
There are many opportunities to get involved with pro bono and several reasons why it is a good idea to do so. Verity discusses the pro bono opportunities she has been involved in and how they have strengthened her ability as a trainee solicitor.
Welcome to the August edition of Schoenherr’s to the point: technology & digitalisation newsletter! We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.
Due to the impact of COVID-19, several Intellectual Property Offices (IPOs) have announced adapted guidelines and information on the current status of proceedings and deadlines.
As most of us are still working from home, we are communicating virtually for long periods every day, with diverse groups of people from different cultures, forums and time zones. We are continuing our usual work tasks and commitments, but now having to deliver meetings and presentations as well as communicate a host of difficult messages.
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The award for the in-house legal operations team of the year, sponsored by Digital Legal Exchange, sees a number of contenders that managed to tap into their teams’ capabilities and external resources to reinvent how they worked and better serve the rest of their business. Markerstudy The general counsel at insurance business Markerstudy, which underwrites […]
A raft of firms, including Slaughter and May and Linklaters, have been called up on William Hill’s talks with Caesars Entertainment on a potential £2.9bn takeover. In the UK, Slaughter and May and Linklaters are lined up for William Hill and Caesars. Slaughters corporate M&A partners Murray Cox and David Johnson are taking the lead […]
The High Court has ruled that Uber can continue with its London operations, almost a year after Transport for London rejected its licence application. TfL had banned Uber in London last year after identifying a pattern of failures linked to passenger safety. The ride-hailing app instructed Hogan Lovells’ Charles Brasted in its appeal. Westminister Magistrates’ […]
The partnership at Charles Russell Speechlys has elected the firm’s next senior partner, as well as appointed a non-executive director to help define future strategies. The firm has elected partner Bart Peerless, who will take on the role from May 2021. He will succeed incumbent Christopher Page, who has served for two terms over eight […]
Former culture secretary Nicky Morgan and ex-Attorney General Geoffrey Cox are to take up new roles at Travers Smith and Withers respectively. Morgan will take up a consultant role in Travers’ technology group. The move marks a return for the former Travers corporate lawyer, who worked at the City firm between 2002 and 2010 before […]
Burges Salmon has recorded a double-digit surge in revenue, as it nevertheless took cautious steps to protect its business at the start of the pandemic. Revenue went up 11 per cent from £94.6m to £104.9m, while net profit rose from £28.7m to £31.7m. However, average profit per equity partner (PEP) recorded a more muted increase […]