RBS pension row: a lesson learnt – but at what cost?

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Debevoise reports modest revenue rise

US firm Debevoise & Plimpton saw revenues rise by 7 per cent revenue during the 2008 calendar year, up from $709.5m at the end of 2007 to $760.8m. Average profits per equity partner (PEP) dipped slightly, from $2.28m to $2.22. This is a marked difference to last year, when Debevoise reported a standout performance. At […]

CC Abu Dhabi launch prompts major oil acquisition mandate

Clifford Chance has bagged a role as the only UK firm on the Abu Dhabi state-owned International Petroleum ;Investment Company’s (Ipic) $2.3bn (£1.58bn) purchase of Canada’s Nova Chemicals Corporation. The is the first ­mandate from Ipic for the magic ­circle firm since it launched its office in Abu Dhabi in August last year. It is […]

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Orrick to cut another 300 jobs

Orrick Herrington & Sutcliffe has announced a second round of layoffs, with plans to axe a total of 300 staff. The US firm is looking to cut up to 100 associates and 200 support staff across its offices in Asia, Europe and the US. A spokesperson for Orrick said: “These actions are made necessary by […]

Business forecast: Nick Benson, Met Office

Legal head Nick Benson needs to tread a fine line between the Met Office’s status as a public body and a commercial enterprise. Tom Phillips reports Like death and taxes, the weather is unavoidable. And as last month’s mass snowfall proved, there is nothing like a bit of bad weather to capture the British ­public’s […]

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Bank Hur

10.22amIt cost $15m, had a cast of thousands and ran for more than three hours. The similarities between the OFT’s case against a series of high street banks over account charges and 1950s blockbuster Ben Hur are legion. 4 March, 10.22am It cost $15m, had a cast of thousands and ran for more than three […]

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