Taking on the financial regulator

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Latest Briefings

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Introduction of remediation agreement in Canada

By Glen Jennings, Matthew Doak The time has now arrived. A mechanism is finally in place in Canada that will allow for a better process to resolve criminal offences for corporations. In response to a consultation that ended in November 2017, the federal government introduced legislation amending the Criminal Code to allow for remediation agreements (better known as […]

Brexit poses challenges for intellectual property law

By David Barron, Ailsa Carter ‘Brexit’ poses considerable challenges for intellectual property law and presents uncertainty as to the  involvement of the UK, following its exit from the EU, in existing and proposed international regimes involving EU law. In March 2018, the text of a draft “partial agreement” was published . It indicates that, assuming the UK […]

Executors may not realise they have an income tax liability

By Dominic Cole The Telegraph reports this morning that many executors are not aware that they are liable to pay taxes on income produced by estate assets during the administration period. Executors are personally liable to pay the tax and therefore, if they distribute the whole estate thinking there is nothing else to pay, they may […]

Recommended

Nominal £5 award against firm goes up to £125,000

A nominal High Court damages award of £5 against City law firm Macfarlanes has been increased by the Appeal Court to £125,000. The award to Titanic Investments stemmed from a claim over advice given by Macfarlane in respect of a £12m deal involving land at Waltham Chase, Twyford, near Winchester. Land owners Alan Godsal and […]

Property

Cliff McAuley and Richard Hopkinson-Woolley of Clifford Chance advised Prestbury Group on the u1m-a-year letting of the Surrey Quays Retail Park to a continental sports retailer. The site will become the country’s largest sports superstore.

SIF newsletter will save money

Hugh Williams (The Lawyer, 24 November) asks how the cost of publishing the Solicitors Indemnity Fund’s quarterly newsletter can be justified. In response, I have no difficulty in approving expenditure that enables the profession’s own indemnity scheme to keep in touch with those it serves. SIF in Focus achieves a number of aims. First, it […]

Ex-Lagerlof lawyers gain from break with Alliance

THE reputation of Lagerlof & Leman – the Swedish member of Linklaters & Alliance – has taken a knock with the revelation that the five ex-partners who set up a breakaway firm rather than join the alliance are billing almost twice as much as their ex-colleagues. According to the respected Swedish magazine, AffArs VArlden, the […]

OSS backlog leak fuels new row

Pressure mounted on the Law Society to shed its regulatory powers this week, after the Office for the Supervision of Solicitors (OSS) admitted in a leaked letter that it faced a 5,000-file backlog, with an average completion timescale of 27 weeks. In the letter, leaked to The Lawyer, the OSS blamed the backlog on the […]

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