IRDA clarifies implementation of Compulsory Personal Accident (CPA) insurance for owner drivers

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Significant beneficial ownership filings by listed companies – SEBI extends timelines

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners) 2018 (Old SBO Rules). As per the New SBO Rules, the first SBO-related filing is due on 12 May 2019. Vide circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 […]

Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Licensing structure for defence manufacturing by the MCI

On 1 January 2019, the Ministry of Commerce and Industry (MCI) vide Press Note No.1 of 2019 Series (Press Note 2019) specified the list of defence items under the Industries (Development and Regulation) Act, 1951 (IDRA) and the list of arms and ammunitions requiring license under Form VII of the Arms Act, 1959 (Arms Act), […]

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Guernsey focusing on family offices

Guernsey’s recently published Financial Services Policy Framework sets out an approach to capitalise upon a range of global specialisms to ensure that Guernsey remains a strong, and stable financial centre servicing sophisticated clients from around the world. Financial services and the associated professional services that support them account for more than half of the jurisdiction’s […]

Real estate business fined under consumer protection legislation

By Louise Power What do real estate businesses need to know? We have reported recently on the Competition and Markets Authority’s investigation into potential breaches of consumer protection law within the leasehold housing market.  We have also published various earlier briefings [1] in which we have: flagged to housebuilders/developers and other businesses operating within the real estate industry, the […]

MHCLG call for evidence on tenancy deposit reform

By Karl Anders, Deborah Brown Walker Morris’ Housing Management & Litigation specialists Karl Anders and Deborah Brown explain the UK Government’s call for evidence on potential tenancy deposit reform in the private rented sector. The Ministry of Housing, Communities and Local Government (MHCLG) has launched a call for evidence which seeks to inform the UK […]

Duty of care to protect customers? Legal and practical considerations for lenders

Social and commercial context Reports of violence on the high street are on the rise. Unfortunately, even the briefest of internet research reveals a worrying number of incidences of violence in the UK.  Within just the last year there have been: a stabbing in a supermarket; armed robberies at Barclays on Vauxhall Bridge Road, at […]

Getting the Deal Through: Public Procurement 2019

Ana Marta Castro and Raul Mota Cerveira, partners, contribute for the international publication Getting the Deal Through: Public Procurement, a comparative guide that analyses Public Procurement legislation on 34 jurisdictions from all over the world. The lawyers are responsible for the Angola, Cape Verde, Mozambique and Sao Tome and Principe chapters, where they explain relevant […]

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No5 Barristers’ Chambers defends cricketer in rape trial

A QC at No5 Barristers’ Chambers is defending a county cricketer accused of raping a sleeping woman. Michelle Heeley QC is acting for Alex Hepburn, of Portland Street, Worcester, who was born in Perth, Western Australia. Hepburn, 23, denies two counts of rape. He claims the alleged victim was awake and initial kissing led to […]

New counsel at Walder Wyss

We are pleased to announce that three new counsel Davide Cerutti,Stefano Fornara and Urs Hofer joined our firm as of 1st of January, 2019. Davide Cerutti is mainly active in family law, property law, inheritance law, as well in medical law (civil liability, professional licences and human resources), lease law and debt and enforcement law/bankruptcy. His other areas of expertise […]

Kinstellar advises syndicate of banks on a EUR 175 million loan for the development of Nivy Station in Bratislava

Kinstellar has recently advised a syndicate of international banks led by UniCredit Bank and including Tatra banka, ČSOB and HYPO-BANK Burgenland in relation to a EUR 175 million club loan provided to HB Reavis for the construction of Nivy Station (Stanica Nivy)—a unique, multipurpose urban development project adjacent to Bratislava’s historic city centre. The loan represents […]

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Clifford Chance and Debevoise lead in $1bn sale of Searcys owner

Clifford Chance and Debevoise & Plimpton are acting in a US buyout firm’s big UK food sector play, as it takes a $1bn stake in the British hospitality company behind the Benugo and Searcys eateries. Christopher Sullivan, a City-based M&A partner at Clifford Chance, is advising UK catering operator WSH Investments, supported by senior associates Jonathan Dillon and Oliver Marcuse. […]

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