Related briefings

Coronavirus update: Returning to the workplace safely

For the last 130 days, Government guidance has been to work from home wherever possible, but this will become optional from 1 August 2020. Here are our ‘Top 10 Tips’ for employers on how an office environment can be made Covid compliant for this transition.

Is it a fair CoP?

Confirmation of Payee (CoP) checks were introduced on 30 June 2020. The system is a new way for banks to check the account details of a payee (that is the recipient – whether a person or a business – of a bank transfer) before the payment is sent. This helps to avoid a payment being sent to the wrong account, whether as a result of a mistake or a fraud.

Latest Briefings

Swiss Federal Supreme Court follows the practice of EPO’s Board of Appeal on singling out

In a recent decision (4A_613/2019, 11 May 2020), the Swiss Federal Supreme Court (Supreme Court) followed the practice of the Board of Appeal of the European Patent Office (EPO) as it held that the singling out of single features from two separate lists of features and therefore the combination of these  two specific features constitutes an extension of the subject-matter of the patent application leading to its nullity.

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] 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.

Cyber security: Proactivity vs reactivity

Worried about the rise in cyber crime? Peter Yapp explains to Counter Terror Business Magazine how to “expect the unexpected” and get proactive when it comes to cyber security.

Fragmentation on TUPE business transfers – Splitting the difference

A recent case heard by the Court of Justice of the European Union (CJEU) – ISS Facilities Services NV v Sonia Govaerts & Atalian NV – has looked at what happens when a transfer takes place under the Acquired Rights Directive (ARD) where there is a transfer from a single business to multiple incoming businesses, i.e. post-transfer ‘fragmentation’.

Recommended

JMW kicks off 2020 financial reporting season with 25% growth

JMW has become the first UK top 100 firm to release its financial results for 2019/20. The Manchester-headquartered firm’s revenue has increased by 25 per cent from £38.1m to £47.6m. The head office billed £42.5m, an 11.5 per cent increase on 2018/19, while the new London office, which opened in May 2019, brought in £5.1m […]

bonus money

The Covid Files: How the Top 50 firms are managing…bonuses

The Covid-19 pandemic has forced firms to examine whether their cash position is strong enough to withstand a sudden economic downturn. The Lawyer contacted the UK Top 50 firms to understand how firms are adjusting financial management in response to the Covid-19 pandemic. In this series, we reveal how the market is managing the ongoing […]

germany

According to the OECD, firms had better get more German

Allen & Overy’s most recent accounts state that expected changes to GDP in countries in which it operates is the most relevant factor when calculating loss rates on their billed work. If A&O’s prediction proves to be true, then the OECD’s recent GDP forecasts make for essential reading for any law firms with a geographically […]

Empty office

A&O lets in first group of staff into London HQ on permission-only basis

Allen & Overy has started to reopen its London office opting for a phased approach, as other locations across its international network gear up to do the same. Yesterday the magic circle firm allowed a limited number of people into its City headquarters. These individuals were let in on a permission-only basis, with the majority […]

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