By Verity Bowles The FCA recently published its Business Plan for 2019/2020 setting out its priorities for protecting consumers, ensuring market integrity and promoting effective competition. As expected, one of the key cross-sector priorities is to continue delivering protection for consumers through a focus on culture, accountability and governance of firms. Over the years, the […]
This month in summary: FCA unlikely to introduce formal duty of care on firms The summer of subsidence – claims on the rise LPA Receivers: no breach of duty when selling to a connected party Confirmation that receivers can sue customers for possession Government proposes a ban on ‘no fault evictions’ in England Court accessibility Update […]
By Chris Crighton The DWP has recently issued new Guidance to help pension trustees and employers navigate the complexities of equalising Guaranteed Minimum Pensions, known as GMPs. This follows the Lloyds Bank judgment in October 2018. This briefing provides: a high-level overview of the DWP Guidance; and key action points for employers and trustees.
By David Isaacson Highlights of TLT’s monthly law update on all things affecting social housing this month include: Employment Rights (Miscellaneous Amendments) Regulations 2019 Right to Buy: Guides Court of Appeal agrees to hear case on housing allocation policy and religion Draft legislation: VAT (Reduced Rate) (Energy-Saving Materials) Order 2019 Draft bill to deliver post-Grenfell […]
By Paul Gair This is the first article in a series of six highlighting some of the key legal issues that can arise throughout the life of a syndicated loan facility. In this article we will look at the market sounding/book building stage, in particular competition law issues that can arise. Competition law issues during […]
In the Matter of the H Trust  SC (Bda) 27 Com (30 April 2019), the Supreme Court of Bermuda delivered an important judgment in which it exercised its inherent supervisory powers over trusts to appoint protectors. In its decision, the Court also reaffirmed the wide breadth of the Court’s jurisdiction under Section 47 of […]
By Karl Anders, Deborah Brown On 1 June 2019 a new Section 21 Notice Form 6A will replace the current version. This is to coincide with the commencement of the Tenant Fees Act 2019. The main changes to the notice are in the section explaining the restrictions on terminating a tenancy under Section 21 of […]
By Samuel Fernandes de Almeida, Joana Pacheco The Angolan Personal Income Tax Code was recently amended by Law 9/19, of 24 April 2019. We would highlight the following main alterations: • Profit distributions to members of civil law companies or civil law companies having a commercial form are now taxed; • End-of-career bonuses payable to […]
By Samuel Fernandes de Almeida, Joana Pacheco Law 4/19, of 18 April 2019, has introduced several amendments to the Industrial Tax Code. We would highlight the following amendments: • 7% or higher foreign exchange variations in connection with fixed assets and liabilities are disregarded as income or cost for Industrial Tax purposes; • Interest borne […]
By Ryan Bekkerus, Alexandra Kaplan and Marisa Stavenas What territory’s law typically governs the transaction agreements? Will courts in your jurisdiction recognise a choice of foreign law or a judgment from a foreign jurisdiction? In general, Portuguese law is retained for many transactions with soft domestic and international investors, certainly in all cases to govern […]
Shearman & Sterling has raised its base salary for newly-qualified (NQ) solicitors by 14 per cent, from £105,000 to £120,000. Meanwhile, the US firm has increased the starting salary for mid-level (3.5PQE) associates by 7 per cent, from £138,000 to £148,000 while senior associates (those of 6.5PQE), get a 6 per cent bump from £165,000 […]
CMS has teamed up with legal services provider Obelisk in a bid to tap into its flexible network of professionals to support one of the firm’s new innovation units. Obelisk will supply people and technology resources to Mix, a unit led by head of legal service design and delivery John Craske, that tailors tech solutions […]
White & Case’s longstanding chairman Hugh Verrier has secured his fourth term in office, in a move that will see him lead the firm until 2023. The Lawyer understands Verrier ran unopposed and has held the top job at White & Case since 2007 when he succeeded Duane Wall. Verrier is a former project finance […]
A US district court judge has dismissed attempts made by the Eurasian Natural Resources Corporation (ENRC) to question former deputy prime minister Nick Clegg over his alleged involvement in the case, the latest development in one of the most high-profile professional negligence disputes of recent times. United States magistrate judge Sallie Kim dismissed the attempt […]
The fortunes of the US firms in London dominated this week’s stories on The Lawyer, while our most comprehensive look at firm leadership revealed stark truths about diversity (or lack of it) in the industry. According to data collected from 38 of the world’s largest firms, just one had a 50:50 gender balance on its […]
The Lawyer’s two-day, VIP Summit brings together over 100 global, European and UK in-house general counsel and chief compliance officers to share best practice, trends and trouble-shooting tips across different sectors and geographies, focused on how lawyers can demonstrate value within increasingly risk conscious businesses.