Secret buyer of the Royal Opera House’s £13m Hockney is its own board chair — and he’s lending it back

Delighted to see that the Royal Opera House will be able to continue to display David Hockney’s famous portrait of the its former general administrator, David Webster. The painting, which was commissioned in 1971, was originally funded by donations from opera house’s staff to mark Webster’s retirement and has been housed there ever since. However, the ROH made the difficult decision to sell the painting back in July 2020 as part of an effort to stem the financial deficit brought about by Covid-19.

Related briefings

Firms told to look out for domestic abuse signs

The pandemic is making employers and employees re-assess the value of the workplace. One factor, as Business Minister Paul Scully MP has pointed out, is rarely considered: are employees being subjected to domestic abuse?

Website cookies crumble as they fail to meet legislation

Over a year after the Information Commissioner’s Office introduced new guidelines on website cookies, a large proportion of UK websites are failing to meet the new regulations, leaving website visitors’ data open to abuse and website owners open to significant fines.

UK Supreme Court rules on apparent bias of arbitrators

In Halliburton Company v Chubb Bermuda Insurance Ltd, the UK Supreme Court has ruled that arbitrators are subject to a legal duty of disclosure under English law with regards to any facts or circumstances which might give rise to a real possibility of bias.

Personal loans or personal risk?

The impact of Covid-19 and the resultant financial pressure has raised the question for many entrepreneurs of how to finance their businesses. Helen Ingram looks at what entrepreneurs should consider.

Latest Briefings

Ban on evicting commercial tenants extended

On 9 December 2020 the Government confirmed that the evictions ban on commercial tenants for non-payment of rent will be extended until the end of March 2021, protecting business owners affected by COVID-19.

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Rebrand and structural changes top agenda at CMS partners’ conference

CMS has started its global partnership conference, which will tackle structural changes and a brand refresh, The Lawyer understands. The firm is holding the event virtually, with this year’s theme being “Future Facing”. Sources told The Lawyer that the firm is undergoing a brand refresh and repositioning itself three years after its tripartite merger. One source […]

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Taylor Wessing holds grip on Monzo in latest fundraising

Taylor Wessing has steered digital bank Monzo through its second fundraising in a matter of months, totaling a combined £125m, despite losing a key corporate tech team last year. A Taylor Wessing team spearheaded a cash injection of £60m that marks an extension of a previous £65m round held last June. The backers in the […]

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Freshfields ponders bonus pot in lockstep reform talks

Freshfields Bruckhaus Deringer is discussing an overhaul of its bonus structure, The Lawyer understands, part of ongoing deliberations being conducted around the firm’s lockstep review. Sources told The Lawyer that the firm is pondering the introduction of a bonus pot, which would replace existing bonus points within the lockstep allowing it to hand out extra […]

Webinar: Risk and reputation management in an increasingly politicised world

This free to watch webinar on how businesses can best respond to external and internal pressures and how to successfully manage reputational risk was part of the virtual conference: Managing Risk and Litigation that took place on the 18-19 November. Please complete the fields below to access the 30-minute recording of this discussion. In today’s increasingly politicised world, companies often find themselves forced to “take a side” and join the political discourse. This session, therefore, touches on some of the non-COVID related big issues for 2020, such as the killing of George Floyd, the BLM movement worldwide, the impact of the US elections and some of the campaigns led by people like Marcus Rashford; huge societal issues that very difficult for current global organizations not to engage with. As a result, a lot of companies that are traditionally apolitical have found themselves getting involved in such issues, either out of choice or because they were compelled to as a result of the pressure received from their employees, shareholders or other stakeholders. Taking a stance is not enough though – it is important for companies to do so in a way that’s authentic while being aware of the potential backlash and how to respond to it. As an international business operating in multiple jurisdictions, sometimes with opposing political agendas, how do you define and uphold your company values when something that is right in one country might not be in another? Can companies remain apolitical, when their employees are increasingly political, expecting and demanding a reaction? Speakers: Tarun Tawakley, Head of Employment Law and Commercial Litigation, Deliveroo Stuart Leach, Head of Litigation and Disputes, Montfort Communications John Zerafa, Founder, Clear Thought Communications Sarah Emerson, Partner, Dispute Resolution, Teacher Stern

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