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Newsflash: Canary Wharf Brexit frustration dispute settled

By Gwendoline Davies, Martin McKeague We reported, in February this year, the High Court’s decision in Canary Wharf v EMA [1] that Brexit will not frustrate (and therefore effectively terminate) the European Medical Agency’s lease at Canary Wharf. The High Court’s decision was generally welcomed because, had the High Court found for the EMA, countless leases and commercial contracts […]

A new energy and carbon reporting framework is in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson A new energy and carbon reporting framework applies from 1 April 2019, following abolition of the CRC Energy Efficiency Scheme and the introduction of corresponding increases in rates of climate change levy. The Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations […]

Directors’ remuneration: New regulations are in force

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 have come into force. The regulations introduce new requirements in relation to a company’s remuneration policy and remuneration report. The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 (2019 Regulations) came into […]

Consultation launched into corporate transparency and reform of the Companies Register

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson On 5 May 2019 the Department for Business, Energy and Industrial Strategy published a consultation on proposals to increase the transparency of UK corporate entities and to enhance the role of Companies House. The potential reforms would amount to the biggest changes to the UK […]

New proposals to make disclosure of distributable reserves mandatory

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson Concerns are mounting that the capital maintenance regime is being undermined and that the time has come for the disclosure of distributable and non-distributable reserves to be mandatory within a company’s audited accounts. Over the last few months there have been numerous reviews and consultations […]

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Debevoise & Plimpton has added eight lawyers to its partnership, with almost all of those made up in its New York headquarters.  The firm has made up no partners in London for the fourth year running. The last person to be promoted in the City was litigation partner Sophie Lamb in 2010.  However the office […]

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BLP and King & Spalding scoop lead roles as Greece opens up oil sector

Berwin Leighton Paisner (BLP) and King & Spalding have taken the main legal advisory roles on the awarding of Greece’s first oil and gas exploration leases for two decades. King & Spalding, alongside Greek firm M&P Bernitsas, represented the Greek government on the agreements, with the instruction marking a new client for the firm. Meanwhile […]

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