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Latest Briefings

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

English Courts grants freezing order against unidentified individuals

By Nick Curling In CMOC v Persons Unknown [2017] EWHC 3599 (Comm) the claimant, China Molybdenum Company (CMOC), successfully obtained a worldwide freezing order against a class of unknown respondents. This was the first time the English Courts have granted a freezing order against unidentified individuals. Background The claim underlying CMOC’s freezing order application related to losses […]

Pay.UK releases rules and guidance for the confirmation of payee (CoP) service

By Elena Kyriakou On 18 October 2018 Pay.UK announced it had released to the market the standards, rules and guidance for the confirmation of payee (CoP) service. This is the latest in the line of industry initiatives to help protect consumers from falling victim to Authorised Push Payment (APP) fraud. When delivered by payment service providers, […]

Social housing monthly law update – October 2018

By David Isaacson Highlights of this month include: Autumn budget coming up Government announces new generation of council housing Bereavement (Leave and Pay) Act 2018 receives Royal Assent Government announces new housing measures Download the full update to get fully up-to-speed on the past month.

Austria – Has due diligence obligations for shareholder creditors increased?

The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor’s material insolvency. This risk of legal actions being contested is of particularly high relevance for shareholders who are also creditors […]

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Archive system takes best from both worlds

Firms using the SOS Practice Manager can now benefit from a new archiving facility combining microfiche capabilities and computing. The Bath-based supplier Solicitors Own Software has been working with microfilm experts MAB Services to help Birmingham firm Sydney Mitchell develop an archive and retrieval system. SOS managing director Michael Platt says the development is an […]

Catching up with Europe

Each year as the ties between the European Union’s member states strengthen, lawyers are being asked to increase their knowledge of legislation coming out of the continent. But now, as the Law Society prepares to introduce a new European element to legal training, some people are questioning whether the education system is adequate in preparing […]

Litigation Recent Decisions 09/05/95

Tracing funds paid in property deal Boscawen & Ors v Bajwa & Ors: Abbey National v Boscawen (1995). (CA (Stuart Smith LJ, Waite LJ, Millett LJ). Summary: Entitlement to funds in court derived from a sale under a charging order and tracing funds paid to a chargee so as to create an equitable charge over […]

A&O partner lines up for SPI president

Gordon Stewart, one of the City’s top insolvency lawyers and partner at Allen & Overy, is the first lawyer to be appointed vice-president of the Society of Practitioners of Insolvency (SPI). Stewart, a licensed insolvency practitioner, is almost certain to become the society’s first lawyer president. Meanwhile Colin Bird, the well-known senior corporate recovery partner […]

ACE to the rescue

Supplier ACE has devised a disaster protection scheme which provides pre-configured systems to replace servers put out of action by theft or damage. Under the subscription-based scheme a stand-by system for a predefined number of users will always be on hand.

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