PI firms face u10,000 hike in SIF contributions

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Latest Briefings

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 […]

Overage provisions helping landowners to ensure a fair price for its land

By Bhavesh Amlani, Michael Callaghan Overage provisions are a common feature of the development landscape, helping to ensure that a landowner receives a “fair” price for its land. Introduction Overage provisions give a landowner the right to receive a future payment following the sale of the property if the developer enhances the value of that property. […]

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Financings

Clifford Chance advised Paragon Finance on a u185m deal involving the public issue of mortgage-backed floating-rate notes. The deal involved both a “true sale” and a “secured loan structure”. The securitised loan was made to a Luxembourg special purchase vehicle. Partners Andrew Forryan (pictured

Property

Richard Pearlman & Co advised Citymain Investments, a company partly owned by Prestbury Group, in its acquisition of 188-213 Old Street, London, EC1. Richard Pearlman and Adam Draper advised on the deal, which is worth u23.2m, while Nabarro Nathanson acted for the vendor, Courtana Investments. Berwin Leighton acted for the purchaser’s funding source, KBC Bank […]

All systems go when firms merge?

Preparing for merger can be one huge headache. Pay structures, partnership deeds and client lists are all areas that have to be addressed if firms are to be compatible and the marriage is to work. But one of the biggest headaches of all is how to merge the IT capacity of two or more firms. […]

MTV Networks Europe

On 1 July, MTV Networks Europe will launch three digital channels in the UK and Ireland, in addition to the 10 channels it already owns. For an organisation like MTV Networks Europe, which is a division of US media giant Viacom, this may seem like a drop in the ocean. But this expansion has been […]

Irvine apologises after Royal Courts refuse Sikh entry

The security men at the Royal Courts of Justice are at the centre of a row after banning a solicitor wearing a six-inch dagger. Anup Singh Choudry, senior partner at London firm Singh & Choudry, was wearing his kirpan, a ceremonial sword carried by baptised Sikhs, when he attempted to enter the courts. But guards […]

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