Search

Blog

Court of Appeal rules on liability of partner unaware of fiduciary breach of another partner

Published on 27 July 2015. By Laura Martin, Senior Associate and Tim Brown, Partner

Court of Appeal reverses decision of lower Court to find that a partner who had been unaware of the wrongful conduct of the second partner in a business was nonetheless jointly and severally liable for the defaulting partner's liability to a third party for breach of fiduciary duty.

Read more
Blog

Late appeals: Tribunal confirms the correct approach to procedural errors in Citipost Mail v HMRC

Published on 24 July 2015. By Nicole Kostic, Senior Associate

The approach to procedural errors, such as the late filing of appeals and non-compliance with directions, has been the subject of a number of decisions over the past 18 months.

Read more
Blog

Incompetence as a defence? Stick to what you know!

Published on 24 July 2015. By Sally Lord, Senior Associate

Branching out into an unknown area of law as a favour to one of your well-respected clients may seem like a natural extension to the "all-round client service" that you are accustomed to providing.

Read more
Blog

Referendum – what's in it for EU?

23 July 2015

The referendum question is quite simple – "should the UK remain a member of the EU"?

Read more
Blog

ADR Directive: the key changes to the DISP rules

22 July 2015

The Financial Ombudsman Service (FOS) has amended the Dispute Resolution: Complaints sourcebook (DISP) in the FCA Handbook.

Read more
Publication

Hong Kong courts clarify personal data concerns in civil litigation

22 July 2015

In a series of cases in Hong Kong in the last year or so, the courts have brought some welcome clarification to the vexed issue of the interaction between disclosure of relevant documents in civil disputes and balancing competing confidentiality and personal data concerns arising out of the contents of such documents.

Read more
Blog

Private Copying Exception is deemed unlawful

Published on 20 July 2015. By Paul Joseph, Partner

In October 2014, the eagerly anticipated copyright exceptions came into force via a series of amendments to the Copyright Designs and Patents Act 1988.

Read more
Publication

Play nicely, children

17 July 2015

Litigation is, by its very nature, an adversarial process. But as the court has made clear in the case of Simon Gotch & Susan Linda Gotch v Enelco Limited , litigants should also co-operate, to ensure the swift and cost-effective resolution of their disputes.

Read more
Blog

Taxpayer not careless in share options case

Published on 16 July 2015. By Robert Waterson, Partner

In Alistair Norman v HMRC1, the First-tier Tribunal ("FTT") found that a taxpayer who wrongly recorded gains made after exercising a share option granted by his employer as capital, rather than income, was not "careless" for the purposes of paragraph 1(1), Schedule 24, Finance Act 2007.

Read more
Blog

New financial super court to further enhance London's profile as a financial dispute hub

Published on 16 July 2015. By Parham Kouchikali, Partner

After a period of consultation, the Lord Chief Justice announced at his Mansion House speech on 8 July 2015 that a new specialist list dealing with high-value, ...

Read more
Blog

Preparing for the devolution revolution

16 July 2015

For me – and I think for all business people – the two biggest spectres cast by this year's Queen's Speech were proposed increases in national and regional devolution within the UK and the certainty of an in/out referendum on the UK's membership of the EU.

Read more
Blog

The regulatory regime continues to inform the advisory duty in mis-selling claims

Published on 15 July 2015. By Davina Given, Partner

The recent case of David Anderson v Openwork Limited[1] provides an opportunity to reflect on the current approach of the courts ...

Read more
Blog

When is a sale contract not a sale contract?

15 July 2015

Most people reading this article would probably say that, even if they could not define a sale contract, they would know one when they saw it.

Read more
Blog

Senior Managers Regime - How many will fall foul of the new framework?

14 July 2015

The FCA and PRA have now published a number of documents setting out some of the final rules for a new accountability framework for individuals working in 'relevant firms' ...

Read more
Blog

Not just a question of timing – Supreme Court rules on the assessment of damages for premature cancellation

14 July 2015

The Supreme Court has held that a party could only recover nominal damages for premature cancellation (repudiation) of a sales contract on GAFTA Form 49[1].

Read more
Blog

Summer Budget – property developments

Published on 14 July 2015. By Ben Roberts, Senior Associate

Last week's "summer" Budget, the first by a (solely) Conservative government for nearly two decades, was full of surprises but contained relatively few specific property tax measures.

Read more
Blog

By George! A Budget full of surprises?

Published on 13 July 2015. By Ben Roberts, Senior Associate

Last week's "summer" Budget, the first by a (solely) Conservative government for nearly two decades, included a number of surprises.

Read more
Publication

Milton Furniture and Brit- clarifying attendance

13 July 2015

Milton Furniture Limited v Brit Insurance

Read more
Publication

Legal alert – July 2015

13 July 2015

Milton Furniture Limited v Brit Insurance

Read more
Blog

Pension Transfers – seeing the wood for the trees – Part 2

Published on 10 July 2015. By Rachael Healey, Partner

This is the second of two blogs addressing the issues raised in the FCA's paper on the changes to the pension transfer regulations.

Read more
Blog

Upper Tribunal considers whether alternative arguments from HMRC require permission to appeal

10 July 2015

An interesting procedural issue was recently considered by the Upper Tribunal ("UT") in Steven Price, John Myers and James Lucas v HMRC[1].

Read more
Blog

FCA's figures for authorisation applications leave many unanswered questions

09 July 2015

Amongst the many topics covered within the FCA's annual report there is a frustratingly short section concerned with the efforts being made to deal with all of the applications for authorisation by consumer credit firms.

Read more
Blog

Pension Transfers – seeing the wood for the trees – Part 1

Published on 09 July 2015. By Rachael Healey, Partner

The FCA has published changes to its regulations affecting advice on pension transfers.

Read more
Blog

Electronic disclosure – the perils of ignoring disclosure requirements

Published on 09 July 2015. By Geraldine Elliott, Partner

In Smailes and another v McNally and another[i] the High Court refused the claimant's application for relief from sanctions, finding the claimant's failure in respect of its disclosure obligations under the relevant provisions of the Civil Procedure Rules (CPR 31) amounted to a significant and serious breach of an "unless order".

Read more
Blog

GCs – are you future-proofing your business?

09 July 2015

In the last two blogs I looked at the Mass of Ambiguous legislation that is coming towards us as a result of the Queen's Speech and some of the Opportunities that these present for the GC who thinks like a Navigator and helps proactively and strategically to guide their CEO/Captain on the best route to their destination.

Read more
Blog

High Court finds "without prejudice" communications with a regulator can be withheld in civil proceedings, but decides bank had lost right to do so

Published on 07 July 2015. By Davina Given, Partner

In the latest instalment of the LIBOR swaps proceedings in Property Alliance Group Ltd v The Royal Bank of Scotland plc[1], the court has held for the first time that 'without prejudice' communications with a regulator can be withheld in civil proceedings.

Read more
Blog

Nowhere to hide: Supreme Court considers illegality defence and global application of Insolvency Act 1986 in VAT fraud case

06 July 2015

On 22 April 2015 the Supreme Court handed down its judgment in the case of Jetivia SA and another v Bilta (UK) Ltd (in liquidation) and others [2015] UKSC 23, which was heard in October last year.

Read more
Blog

Privacy rights when you don’t expect them - the case of JR38

03 July 2015

Yesterday, the Supreme Court unanimously dismissed an appeal by an Appellant involved in rioting in Derry in 2014.

Read more
Blog

Beyond the headlines some positive developments for depositors

03 July 2015

The PRA has today announced the existing level of deposit protection (£85,000) will be reduced to £75,000 after 31 December 2015.

Read more
Blog

High Court refuses to grant anti-suit injunction restraining insolvency proceedings in Denmark

Published on 03 July 2015. By Alexis Armitage, Associate and Tim Brown, Partner

In SwissMarine Corporation Ltd v OW Supply & Trading[1], the High Court refused to grant an anti-suit injunction restraining Danish insolvency proceedings.

Read more
Blog

If you insist… a review of the FCA's position on insistent clients

Published on 02 July 2015. By David Allinson, Senior Associate

On 8 June, the FCA published a fact sheet intended to provide a 'helpful reminder' of its position on 'insistent clients' (the full title being: Fact sheet 035. Pension reforms and insistent clients).

Read more
Blog

Queen's Speech – navigating the opportunities for GCs

02 July 2015

In the first blog in this series of three I commented on the mass of ambiguous law that is coming towards us over the next five years of this parliamentary term.

Read more
Publication

Time limit for challenges to adjudication decisions clarified

01 July 2015

Adjudication is intended to be a quick and cost-effective means of resolving a dispute. However, in its first decision concerning adjudication, handed down on 17 June 2015, the Supreme Court has reached a finding that means parties to adjudication may face a very long delay to reach a final determination of the dispute between them. The decision, in the case of Aspect Contracts (Asbestos) Limited v Higgins Construction plc, allows a respondent to adjudication to challenge the outcome any time up to six years after it makes payment to the successful referring party, thereby potentially rendering historic adjudication decisions vulnerable to further litigation.

Read more
Blog

sPIFfing! New capital requirements for Personal Investment Firms

01 July 2015

Can the PIF pay? Personal Investment Firms (PIFs) are advisory firms responsible for around half of all regulated investment and pension sales.

Read more
Publication

Tax update

01 July 2015

HMRC Spotlight on NICs employment allowance avoidance scheme

Read more
Blog

Upper Tribunal confirms the FTT's decision to strike out HMRC's evidence

Published on 01 July 2015. By Adam Craggs, Partner

In HMRC v Infinity Distribution Limited (in Administration)[1], the Upper Tribunal has dismissed HMRC's appeal against that part of the decision of the First-tier Tribunal ("FTT") striking out evidence which HMRC was seeking to introduce.

Read more
Blog

Taking the credit: FOS tackles broking and middlemen

30 June 2015

The impact of FCA rules on credit brokers has been significant, with a number of credit brokers having left the market since April 2014.

Read more
Blog

UCIS in focus at FOS

Published on 26 June 2015. By George Smith, Senior Associate

FOS' latest edition of Ombudsman News contained some interesting insights into its approach to complaints concerning advice relating to UCIS investments.

Read more
Blog

The Internet of Things

25 June 2015

If you believe the hype, the “Internet of Things” (IoT) is about to take over the world.

Read more
Publication

Client update – Littlewoods

25 June 2015

This note reports on the decision handed down yesterday by the Court of Appeal in Littlewoods Limited and Others v Commissioners for HMRC.

Read more
Publication

VAT update

25 June 2015

Compound interest on overpaid VAT: HMRC seeking to appeal against Littlewoods

Read more
Blog

Excuses, excuses – Tribunal considers 'reasonable excuse' and allows taxpayer appeal

Published on 25 June 2015. By Robert Waterson, Partner

In Barking Brickwork Contractors Limited v HMRC[1], the First-tier Tribunal ("FTT") decided that a taxpayer had a reasonable excuse for late filing and set aside the penalties which had been charged by HMRC pursuant to Schedule 55, Finance Act 2009.

Read more
Blog

Sanctioned offers and old-style Calderbank offers

Published on 25 June 2015. By Antony Sassi, Managing Partner, Asia

Following the introduction of formal sanctioned payments and sanctioned offers pursuant to the civil justice reforms adopted in April 2009, it has not been entirely clear to what extent pre-trial Calderbank offers (without prejudice save as to costs) still provide costs protection for an offeror.

Read more
Blog

(MxA)x(O/T)=E&S: a formula for successful in house lawyers

24 June 2015

E=MC2 is one of the most famous equations in history. WikiHow helpfully explains that the formula describes how Mass can be turned into Energy, and vice versa.

Read more
Blog

Hong Kong courts clarify personal data concerns in civil litigation

Published on 23 June 2015.

In a series of cases in Hong Kong in the last year or so, the courts have brought some welcome clarification to the vexed issue of the interaction between disclosure of relevant documents in civil disputes and balancing competing confidentiality and personal data concerns arising out of the contents of such documents.

Read more
Blog

UK goodwill still reigns Supreme

Published on 22 June 2015. By David Cran, Partner and Ben Mark, Partner

The question to the Supreme Court was whether a claimant in a passing off action needs to have actual customers in the UK or whether it is sufficient to demonstrate that it has a reputation in the UK and internationally.

Read more
Video

Legal Leaders: knowing and identifying where you can make a strategic difference

18 June 2015

Legal Leaders General Counsel Forum reviews the evolving role of the GC as more than just the Manager of a legal function.

Read more
Blog

Upper Tribunal prevents HMRC from reneging on a settlement agreement – Southern Cross Employment Limited

Published on 18 June 2015. By Nicole Kostic, Senior Associate

In our blog of 27 February 2014, we commented on the decision of the First-tier Tribunal ("FTT") in Southern Cross Employment Agency Limited v HMRC[1].

Read more
Publication

Play nicely, children

17 June 2015

Litigation is, by its very nature, an adversarial process. But as the court has made clear in the case of Simon Gotch & Susan Linda Gotch v Enelco Limited1, litigants should also co-operate, to ensure the swift and cost-effective resolution of their disputes.

Read more
Blog

Pushing the (tonnage) limits

17 June 2015

This update highlights two recent changes in tonnage limits – one international, the other in Hong Kong.

Read more