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Latest Briefings

Walker Morris team explores opportunities in new entry-level exception sites and starters homes

By Richard Sagar, Karl Anders, Graham Whiteford, Josh Kitson Introduction This briefing note, prepared by the Walker Morris Planning Environment Team, explores the opportunities presented in the new National Planning Policy Framework (“NPPF2“). Specifically, the opportunities to obtain planning permission for new entry-level exception sites consisting of affordable housing for first-time buyers on previously unallocated […]

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…

Recommended

Derivatives takes step towards global standards

The derivatives market has moved a step closer to gaining a standardised set of global guidance rules, with the consultation period for the new principles closing last Friday (14 June). The final draft of the Retail Structured Products (RSP) principles, which were devised by a group of leading industry bodies, including the International Swaps and […]

Indian Govt puts LLPs on the agenda

The Indian Government is in discussions about allowing firms to convert to LLP status in the latest move that would pave the way for liberalisation of the country’s legal system. The government is currently in talks with attorney general Milon Banerjee regarding LLPs, but has given no indication of when the outcome will be announced. […]

DWS Turkish nous wins Cadbury Schweppes job

Denton Wilde Sapte (DWS) beat Slaughter and May to score its first mandate advising food and drink giant Cadbury Schweppes. DWS was approached by the company to advise on its $450m (£228.33m) acquisition of Turkish gum business Intergum, owned by the Amram family. DWS lead partner Philip Goodwin said: “This is the first time we’ve […]

Relocation costs LG dearly as PEP dives

LG, the firm formerly known as Lawrence Graham, has become one of the few firms in the City to post flat revenue growth and a reduced profit for 2006-07. Turnover at LG remained static at £66m, while average profit per equity partner dropped by 7.5 per cent, from £465,000 to £430,000. LG managing partner Penny […]

Hammonds and Sackers secure landmark Sea Containers decision

Hammonds and Sacker & Partners are giving legal advice to Sea Containers’ pension funds after the Pensions Regulator took steps towards making the company meet the scheme’s deficits. The US company and its UK subsidiary Sea Containers Services, which owns GNER, are both currently going through Chapter 11 bankruptcy proceedings in the US. Under that, […]

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