The end is nigh for covenant lite loans

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Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

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Halliwells’ friends in the North

Word on the street is that North West firm Halliwells is in merger talks with Scottish firm Simpson & Marwick. The move would signal the firm’s first foray north of the border. The timing of a proposed Anglo-Scots merger couldn’t be more ironic, with a break-up of the union between the two countries also being […]

Library bards

August beckons, and Tulkinghorn is considering his summer reading. As he wandered through the library at Tulkinghorn Towers, his eye chanced upon volumes by the following writers: •Kester Cunningham John: evangelistic author of the interwar years, who converted to an extreme form of Catholicism. bull;Herbert Smith: late Victorian realist, heavily influenced by Émile Zola and […]

Hammonds’ Italian stablemate lures Jones Day partner for Milan finance focus

Hammonds’ Italian ally Hammonds Rossotto has boosted its Milan office with the hire of Jones Day partner Ettore Scandale. The hire is part of a plan to build up the banking and finance practice at Rossotto in preparation for a downturn in M&A deals. Managing partner Riccardo Rossotto said: “When the market’s going shopping then […]

Partners make frosty departure from Camerons

Moscow saw a high-level defection today. A bitter wind blew through the Moscow offices of CMS Cameron McKenna today with news that two of its top-drawer partners were bidding ‘do svidanya’ to the firm, and were bound straight for Clifford Chance See story. Moscow saw a high-level defection today. A bitter wind blew through the […]

Pensions powerhouse Sackers boosts partnership

Niche pension firm Sacker & Partners has boosted its partnership by 15 per cent, making up three partners. Sackers promoted Claire Altman, Andrew Bradshaw and Ian Cormican to the partnership, taking the firm up to 23 partners. Altman acts for employers on pension matters, Bradshaw specialises in government pension schemes and Cormican’s practice focuses on […]

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