Related briefings

The Financial Conduct Authority v Arch Insurance (UK) Limited & Others [2020] EWHC 2448 (Comm)

Judgment in the landmark business interruption insurance test case has been handed down by a first instance court consisting of Flaux LJ and Butcher J. The case was brought by the Financial Conduct Authority as a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by eight defendant insurers in respect of business interruption claims by policyholders arising out of the COVID-19 pandemic and the advice of and restrictions imposed by the UK government in consequence.

Blockchain: Legal and Regulatory Guidance

A report providing legal and regulatory guidance on distributed ledger technology (DLT) has been published by The Law Society, working in conjunction with the Tech London Advocates’ Blockchain Legal and Regulatory Group

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

Latest Briefings

Startup Series – II – Building Your Company

I. INTRODUCTION TO BUILDING COMPANY FOR STARTUPS In the first article of our startup series, we have mentioned crowdfunding, which is a contemporary and interesting topic, and dwelled on the conditions of using crowdfunding as an alternative financing source in your company. For the second article of our series, we want to turn our course back a little bit, to the period when your ideas and your startup are slowly maturing. One of the most important questions in mind during the initial period when there is no legal entity yet when there is just you and perhaps your partner, your opinion and effort are undoubtedly “Will we establish a company?”

Why now is the time for a first-class outsourced switchboard

Where others see obstacles, let us see opportunities. Now we are starting to move back into our offices, we’re all looking for ways to make improvements and savings. Especially with additional measures in place to receive staff and visitors. Here is how outsourcing your switchboard can greatly improve your front of house team. And ultimately, your firm’s operations.

Employers should prepare for long-term changes to the world of work

There are of course many negatives arising from the crisis presented by COVID-19. However, there could be real benefits for businesses and their staff if we take some of the opportunities that have been presented and do not just look to revert to the old ways of doing things.

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Macfarlanes clinches victory from Skadden in $1.5bn oligarch dispute

The $1.5bn dispute between three Russian oligarchs has ended in a unanimous High Court decision in favour of Macfarlanes and Maitland Chambers client Oleg Deripaska over a right of first refusal clause in a Russian mining company’s shares. Macfarlanes partners Iain Mackie and Simon Nurney instructed Maitland Chambers’ Christopher Pymont QC, David Mumford QC, Thomas […]

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Sanctions force Akin Gump to step down in $1bn oligarch case

Akin Gump Strauss Hauer & Feld is to step down from representing oligarch Viktor Vekselberg from September, triggering a search for new legal counsel. The move comes as sanctions imposed by President Trump’s administration continue to have an effect on high-stakes litigation worldwide. It is understood that the firm has been granted a temporary licence by the […]

Fintech start-up builds legal team with first GC

The former general counsel of MarketInvoice Simon Coles has joined fintech start-up Capital On Tap as its first legal head. Capital On Tap provides tech-driven funding facilities to SMEs and enables customers to access instant funding to grow their business. Before his stint as general counsel at cashflow finance provider MarketInvoice, which ended last year, […]

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