Related briefings

Time waits for no financial services institution

By Guy Wilkes Financial service firms cannot wait for the outcome of the leave negotiations before putting their restructuring plans into effect After the initial excitement and panic following the referendum result lawyers were quick to reassure their clients that nothing had changed overnight. The Financial Conduct Authority (FCA) similarly sought to reassure people that […]

Latest Briefings

Approval of liquidator’s remuneration: a tale of two reporters

A recent Sheriff Court judgment is the latest decision to consider the role and remit of the court reporter in a liquidation which, unusually, involved the court appointing two reporters. In Scotland, the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 provide that where there is no creditors committee, the remuneration of a liquidator shall […]

Variation to an office lease to allow use as a private members’ club

The Upper Tribunal has allowed a variation to a lease that restricted the use of a property to office use (with minor residential use) so that the tenant could implement a planning permission to convert the property into a private members’ club. Background A user clause in a lease is a restrictive covenant. If the […]

Tax now payable much sooner following a disposal of residential property

From 6 April 2020 significant changes will be made to the deadline for paying capital gains tax (CGT) and filing tax returns in respect of disposals by individuals and trusts of UK residential property. Taxpayers and advisers need to be aware of these changes now. UK property disposals prior to 6 April 2020 Previously, UK […]

Coronavirus job retention scheme: pensions aspects

When considering how to use the coronavirus job retention scheme (CJRS), employers may be wondering what this means for pension contributions and auto-enrolment obligations. This update considers some of the issues. How the CJRS works To access the CJRS an employer will need to designate affected employees as furloughed workers, notify the employees of this […]

Competition law – welcome guidance in a time of crisis

The Competition and Markets Authority (CMA) has published helpful guidance on how it will apply competition law in light of COVID-19. Meanwhile, the government has taken the unprecedented step of relaxing competition law in certain sectors. In the round, these developments offer welcome guidance and comfort – but they also serve as a timely reminder […]

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Freshfields loses insurance regulation head to Mayer Brown

Freshfields Bruckhaus Deringer head of contentious insurance regulation Chris Chapman has moved across the City to join Mayer Brown as a partner. Chapman will start his new role on 20 March and strengthens the firm’s banking and regulatory disputes practice which was understood to have been identified has been a key part of London strategy. […]

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Mayer Brown’s global promotions hit seven-year high

Mayer Brown is to make up 34 lawyers to partner next year, its highest global round since 2012 when 39 promotions took effect. Four City partners have been made up; employment lawyer Giles Bywater, banking and finance lawyer Merryn Craske and litigators James Morris and James Whitaker. Morris trained at Nabarro and Craske at Baker McKenzie, […]

Proskauer City partner joins flood of global exits to Kirkland

Kirkland & Ellis has taken on a funds partner from Proskauer Rose’s London office, a day after securing a 20-strong team hire from its rival’s Los Angeles operations. Andrew Shore, who is making the move to the Gherkin, has been a partner in Proskauer’s fund team since 2017 when he was promoted. News of the […]

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