Company and commercial

APP fraud: Confirmation of payee, developments and trends

In the first half of 2021, £355 million was lost to authorised push payment (APP) fraud. This compares to £208 million in the first half of 2020. As a result, APP fraud losses now exceed card fraud losses for the first time. This significant growth in sums lost to APP fraud comes despite the successful introduction of phase 1 of Confirmation of Payee.

CMA review into competition law and ‘vertical agreements’ in the UK

The CMA recently launched its much anticipated review as to how competition law should apply to many common types of commercial arrangements (including, among others, distribution agreements (including exclusive and selective distribution), agency and franchising). It will, of course, be relevant in the automotive sector, bearing in mind that dealer agreements now fall under the “general” competition law rules rather (with the Motor Vehicles Block Exemption being confined to aftermarkets).

A better future – What next for the Thames Valley?

As part of our ‘Future Cities’ campaign, Shoosmiths is holding a series of virtual ‘think tank’ discussions with prominent local stakeholders in different locations across the UK to share insights and ideas around what the future holds for these locations.

Coronavirus and dissolution of commercial contracts

Whether Coronavirus will be counted as a force majeure due to its economic and socioeconomic effects has been the subject of debate. Since the force majeure is not defined in the legislation, in the light of the decisions of the Supreme Court, the force majeure conditions shall be counted as the situation that; (i) the […]

No5 barrister appointed as a Midlands Recorder

No5 are delighted to announce that Esther Gamble has been appointed by the Queen as Recorder, on the advice of the Lord Chancellor, The Right Honourable Robert Buckland QC MP, and the Lord Chief Justice of England and Wales, The Right Honourable The Lord Burnett of Maldon. Esther has been deployed to sit on the […]

Shoosmiths advises on the sale of RED, the largest driving school in the UK

Shoosmiths has advised in a dual role on the sale of RED Driving School (RED), the largest group of driving schools and driving instructor training schools in the UK. The firm has acted for both Kelso Place Asset Management (KPAM) – a UK based private equity firm – on the sale for an undisclosed amount, […]

Shoosmiths advises M Restaurants on merger with Gaucho

Shoosmiths’ corporate team has provided expert legal advice to M Restaurants on its sale to Lomo Bidco, owner of famed restaurant brand, Gaucho. M Restaurants were voted ‘Best for Steak and Seafood’ in the Tatler Restaurant Guide and have won The Open Table ‘Diners Choice Awards’ no less than 8 times. Focusing on five key elements, […]

Ogier advises on pre-Brexit Luxembourg dual listing of LSE-listed company

Ogier has advised on the dual listing on the Main Market of the Luxembourg Stock Exchange of Thalassa holdings Ltd (“Thalassa”), a company whose primary listing is on the Main Market of the London Stock Exchange (Standard List) to ensure that its shares remain attractive to EU investors post-Brexit, but also to ensure that its […]