Restructuring e-newsletter — Global Insight: Issue 10

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Latest Briefings

FCA published near-final rules amending the jurisdiction for SMEs and guarantors

By Paul Gair The FCA yesterday released its policy statement (PS18/21) on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper (CP18/31) detailing proposals for increasing […]

Walker Morris litigation specialists reviews regulator’s proposals for dealing with push payment fraud

By Louise Power, Rachel Elgar Banking & Finance Litigation specialists Louise Power and Rachel Elgar report on the Payment Systems Regulator’s (PSR) recent proposals for dealing with push payment fraud. What is push payment fraud? Payments are described as ‘push payments’ when the payer obtains the payee’s account details and instructs their bank to send (or push) […]

Impact of 2019 budget proposals on Dutch’s buyout sector

The Dutch government published important tax measures in its 2019 budget proposals with a potentially significant impact on the Dutch buyout sector. Some of these measures may result in a higher effective tax burden if appropriate action is not taken…

The meaning of occupation in the context of business rates

By Sophie Tracey, Lucy Shepherd In a decision that will be welcomed by property owners, a recent case has considered the meaning of ‘occupation’ in the context of business rates and has decided that the motivation for occupation is not relevant. Background Principled Offsite Logistics Ltd (POLL) applied for judicial review to challenge a local authority’s […]

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Asia Pacific 150: The rise of Asia’s indies

Yesterday saw the publication of The Lawyer Asia Pacific 150, the annual ranking of the largest law firms by lawyer numbers across Asia Pacific. Growth across the international firms in Asia Pacific has slowed, while domestic firms are pushing forward. The Top 100 independent firms in the region increased lawyer headcount by 12 per cent […]

Walker Morris set to award £1,000 travel bursaries to three trainees each year

Walker Morris has announced that it will be awarding travel bursaries worth £1,000 each to three of its trainees each year. The bursary is part of a wider programme of support offered by the law firm to support its trainees and encourage inclusivity and diversity. The successful applicants will have demonstrated a desire to undertake […]

Juliet Allen returns to No5 Chambers

The family team at No5 Chambers has welcomed back Juliet Allen. Allen, called in 2005, brings additional expertise to the recently strengthened team. Her core areas of practice are matrimonial finance including cases involving significant assets, cohabitation disputes and private law children cases.

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