Takeover Panel extends director’s incumbency

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Latest Briefings

Overseas companies and UK property – all change in 2021

By Maria Connolly At the end of July, the Draft Registration of Overseas Entities Bill was published. The intention is that, from 2021, overseas entities wanting  to deal in certain UK property will have to register in the overseas entities register (OER). Why will overseas entities have to register?

Hackitt review: Response suggests further extension of the regime

By Adrian Mansbridge As outlined in our previous articles covering what lies ahead for high rise regulation and the proposed ban on flammable cladding the legislative programme to implement the recommendations of the Hackitt review and to address broader concerns is already underway. However, as anticipated, political concerns have already led to these proposals being “beefed up”…

Use of behavioural biometrics brings privacy issues under GDPR

By Alex Towers With cybertheft and data breaches becoming an increasingly common occurrence, the need to rapidly and accurately identify fraud has driven the development of behavioural biometrics as a means to target automated attacks and suspicious transactions. However, for the technology to function, companies must amass libraries of biometric personal data to construct profiles…

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

Portugal: Fund management 2018

By Pedro Simões Coelho, Ricardo Seabra Moura and Carlos Filipe Couto How is fund management regulated in your jurisdiction? Which authorities have primary responsibility for regulating funds, fund managers and those marketing funds?

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Milbank sees Gatsby through £130m Sainsbury’s disposal

Milbank Tweed Hadley & McCloy has sealed its first deal for Sainsbury’s shareholder the Gatsby Charitable Foundation after advising on its disposal of £130m of shares in the company. Milbank partner Tim Emmerson secured the mandate after a referral from Gatsby’s financial adviser Gleacher Shacklock. Emmerson worked alongside Gleacher senior partner Edward Cumming-Bruce on the […]

Rödl & Partner sees legal turnover hike

German multidisciplinary firm Rödl & Partner has reported a sharp increase in the turnover of its legal services arm. Global turnover generated from legal and tax consulting jumped by 16 per cent to E50m (£34.4m) in 2004. Meanwhile, global firmwide turnover increased by 3 per cent to E151m (£103.8m) for the same period. Co-founder and […]

Urning their keep

Taylor Thomson’s fight with Christie’s is going to appeal, bringing together Sumption and Grabiner for another round in the courtroom. Jon Robins reports on the ongoing battle over a couple of vases Last month’s appeal in the highly-publicised legal action by Taylor Thomson and the venerable auction house Christie’s has been dubbed in these pages […]

Home rules

In an attempt to curb ‘artificial’ schemes that help people avoid paying inheritance tax, the Revenue is trying a new tack. But as Matt Wakefield reports, the revision needs revising In recent years, the Inland Revenue has become increasingly frustrated by the widespread use of ‘artificial’ schemes to save inheritance tax (IHT), in particular on […]

Richards Butler given pre-merger profit ultimatum by Proskauer

Richards Butler’s potential US beau Proskauer Rose has said Richards Butler needs to raise its profit per equity partner figure of £415,000 to nearer Proskauer’s $1.1m (£580,000) per partner. Richards Butler and Proskauer entered into merger talks brokered by consultants Blackstone in summer 2004. The talks have now reached the stage where a merger is likely rather […]

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