The Chancellor has today announced his Winter Economy Plan. This consists of a series of measures designed to combat the damage caused to the economy by the pandemic and replaces his usual winter budget.
Selling a business is perhaps the most critical moment in an owner’s life with their company. The process of finding a buyer and agreeing a price can be drawn out, stressful – and with forthcoming changes to Capital Gains Tax (CGT) – may involve writing a substantial cheque to HMRC. For many owners, there may be another way, by utilising a HMRC-approved Employee Ownership Trust (EOT) to sell their business.
Quantuma managing director Darren Mason recently spoke to the Daily Express about why the latest tax changes could mean dramatic changes to UK pension plans in the coming months, see full article below.
Many people will have seen headlines this week in relation to the High Court ruling that some insurers should have paid out to policy holders for business interruption (BI) losses caused by lockdown. (“FCA –v- Arch & Ors).
Frank Wessely shares his insights on post Covid M&A activity in the peer-to-peer lending sector. Peer-to-peer lending platforms seeking acquisition may have to adapt to performance-based valuations, an increased focus on technology and a new cadre of institutional investors, as M&A trends evolve in the post Covid world.
The COVID-19 pandemic has disrupted all facets of life as we know it, forcing immediate recalibrations of how we work and live. Today, industries across the globe are considering the future of work in a pandemic era, making difficult decisions with the best information on hand, against various unknowns. They know that reopening and perhaps even redefining the workplace means successfully working through incredible uncertainty.
With any security policy now and in the future, leaders need to remember the fundamentals of what they are trying to achieve. Everyone wants their business to do well and be successful, and that means protecting data, while keeping business critical systems up and running efficiently. Already today, we’re putting a focus on security – and have seen new compliance laws in relation to that. Requiring compliance with regulation is just one way of trying to force the market to adopt minimum acceptable standards. But this is just that – the minimum – and every business leader needs to aim higher than that level.
A round-up of recent enforcement actions and investigations in the financial services sector. This month in summary: FCA publishes Decision Notice against Corrado Abbattista for market manipulation ICO fines company £130,000 for unauthorised pensions cold calls FCA publicly censures former Worldspreads CEO for market misconduct FCA scraps half its criminal probes into money-laundering breaches FCA publishes Decision Notice against Corrado Abbattista for market manipulation.
As we reach the end of September and the focus turns to the third COVID quarter date, real estate finance partners Debra Cooper and Mehar Patel look at how the month has passed from new term optimism to increased restrictions and a need to focus on resilience and relationships.
Sandra Pedro Serrano (Head of VdA Academia) writes an article for the publication Link to Leaders about the digital transformation that the training area has undergone as part of the obligation underlying the social distance, brought by the pandemic.
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Two Linklaters partners in London and Moscow have left the firm to launch a specialist finance boutique. London partner Mirthe Van Kesteren and Moscow partner Michael Bott are debuting a finance boutique named Bott Van Kesteren. Van Kesteren was until recently a senior partner in the firm’s global loans team in London and led its […]
Bryan Cave Leighton Paisner (BCLP) is embarking on a project to devise a set of new working arrangements for the merged firm. The firm is looking at defining a new working model for its lawyers and staff that will blend office presence with the expanded role of remote working. The changes are being explored and […]
Morgan Lewis & Bockius has made up two lawyers to partner in London, the only promotions being made by the firm outside the US. Jayne McGlynn joins the City’s corporate group having joined in 2012 from collapsed firm Dewey & LeBoeuf. She started out her career at Slaughter and May, Neil McKnight meanwhile has been […]
Kennedys is set to open its 40th office agreeing to take on all the staff at Israeli firm Zelichov Ben-Dan & Co. The firm will be joined by all partners and staff at the firm, who are based in Tel Aviv and are one of the top insurance firms in the country. Zelichov and Kennedys […]
Goodwin is continuing its lateral hiring streak with the addition of a real estate partner from Kirkland & Ellis. Partner Richard Semple is joining the US rival’s real estate practice as a partner in the City office. His hire comes little under a year of that of Carl Bradshaw, who also joined from Kirkland. Semple […]
Covington & Burling has kickstarted US promotions season, with one lawyer being given the nod in the firm’s London office. All but two of the promotions are in the US, with the other new European member based in Brussels. The firm has added partners across New York, Palo Alto and Washington DC. Jane Pinho made […]