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Tribunal confirms it has jurisdiction to consider an argument of abuse of process based on excessive delay on the part of HMRC
Tribunal allows taxpayers' appeals against discovery determinations and penalties and confirms it has jurisdiction to consider an argument of abuse of process based on excessive delay on the part of HMRC.
Read moreClimate Activism and Insurance (With Peter Bosshard)
Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Peter Bosshard, Director of The Sunrise Project and Global co-ordinator of Insure Our Future. In this episode they discuss climate activism in the insurance industry.
Read moreRPC expands real estate practice with the hire of Partner, Jon Ely
International law firm RPC announced today that commercial property lawyer Jon Ely has joined the firm in Bristol as a Partner in the real estate practice.
Read moreChange in Control
As early as possible in a corporate transaction, you or one of your team should check the Financial Services Register (the "FCA Register"). The FCA Register will reveal whether or not the entity or one of the entities in the group you are purchasing is an Prudential Regulatory Authority ("PRA") and/or Financial Conduct Authority ("FCA") authorised firm, the Buyer (and to a certain extent the Seller) will need to consider the Change in Control Regime under Part 12 of the Financial Services and Markets Act 2000 ("FSMA").
Read moreTake 10 - 16 January 2023
Welcome to RPC's Media and Communications law update for media lawyers. This month's digest reports on key media developments and the latest cases.
Read moreWaiver of a solicitor’s equitable lien: Candey Ltd v Russell Crumpler and another
The Supreme Court has considered the circumstances in which a solicitor may waive or surrender their lien.
Read moreThe Week That Was - 13 January 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreSt James’s Oncology v Lendlease: the value of project-specific amendments to JCT contracts
The recent judgment of the TCC in St James’s Oncology SPC Ltd (Project Co) v Lendlease Construction (Europe) Ltd and another provides a fascinating commentary on the importance of drafting a building contract that is tailored to deliver the needs of the employer and the end-user.
Read moreLifting the veil on cyber threats for retailers
Almost all UK businesses (approximately 98%) now operate online in some capacity, benefiting hugely from an increased use of online websites, social media accounts, and online banking
Read moreNo loss? No Quincecare claim … the Supreme Court judgment in Stanford International Bank v HSBC
The Supreme Court has handed down its judgment in Stanford International Bank Ltd v HSBC Bank plc, deciding that there was no pecuniary loss suffered by the Claimant and therefore no basis for a Quincecare claim.
Read moreAnnual Insurance Review 2023
Hello and welcome to RPC's Annual Insurance Review – a look back at the events that shaped the insurance market in 2022 and a look forward towards what to expect in 2023.
Read moreRPC appoints its first independent non-executive director
International law firm RPC has announced the appointment of Béatrice Butsana-Sita as its first independent non-executive director (INED). Her appointment will take effect from today.
Read moreWhat are the 8 key concerns insurers will face in 2023?
Annual Insurance Review from international law firm RPC identifies ESG risks, climate change and cyber-attacks as top challenges.
Read moreRPC advises senior management of AgriBriefing on acquisition by Mintec
International law firm RPC is advising the senior management of AgriBriefing on its announced acquisition by Mintec, a leading global provider of price data, analytics, and forecasts for agri-food, to create a market leading Price Reporting Agency (PRA) and Data Provider.
Read moreCourt of Appeal confirms that management expenses were capital in nature and not deductible for Corporation Tax purposes
In HMRC v Centrica Overseas Holdings Ltd [2022] EWCA Civ 1520, the Court of Appeal (CoA) confirmed that certain professional fees incurred in the run-up to the disposal of a subsidiary were expenses of management but also capital in nature and therefore not deductible for Corporation Tax purposes.
Read moreNo need for perfection: ISDA Master Agreement default notice still valid where some errors made
The High Court has decided that a default notice under an ISDA Master Agreement is still valid even if it does not contain wholly accurate statements of the amount of the payment not made, the confirmation of the trade, or the currency of the payment.
Read moreUK’s biggest banks facing 109 class action lawsuits
41 outstanding cases relate to interest rate manipulation; 18 concern terrorist financing Litigation funders attracted by prospect of significant payouts
Read moreThe NIS Regulations to expand to bring outsourced IT providers and managed service providers into scope
The UK's Network and Information Systems ("NIS") Regulations came into force in May 2018 to boost the level of security of network and information systems for the provision of essential services, such as transport, energy, water, health and digital infrastructure ("operators of essential services (OES)"). These Regulations also applied to digital services, such as online marketplaces, online search engines and cloud computing services ("relevant digital service providers (RDSPs)").
Read moreNumber of fines issued by the FCA more than doubled in 2022
The FCA issued 26 fines in 2022, compared to just 10 in 2021 The FCA is sending a clear message: misconduct will not be tolerated
Read moreCyber_Bytes - Issue 48
Welcome to Cyber_Bytes, our regular round-up of key developments in cyber, tech and evolving risks.
Read moreTGI…Thursday?
What would you say if I offered you 100% of your salary and you only had to work four days a week? For the employees of 70 companies across the UK, this was their reality for the second half of 2022.
Read moreTribunal orders HMRC to close its enquiry
Granting the taxpayer's application for a closure notice, the First-tier Tribunal held that there were no reasonable grounds for HMRC to maintain its enquiry into the taxpayer's claim to charity tax relief, instead concluding that HMRC must close its enquiry on the information and documentation it held.
Read moreThe 1906 San Francisco Earthquake (With Meredith Brasher)
Welcome to season 4 of Insurance Covered! The podcast that covers everything insurance. We are kicking off this year looking at the 1906 San Francisco Earthquake, with guest Meredith Brasher, host of the Insurance vs history podcast.
Read moreSnapshots Winter 2022
A roundup of key legal developments for the modern commercial lawyer.
Read moreRPC Bites Christmas Bumper Issue #53 - is turkey off the menu this Christmas? Government sugar reduction targets not met amid HFSS delays
Welcome to RPC Bites. Our aim in the next 2 minutes is to provide you with a flavour of some key legal, regulatory and commercial developments in the Food & Drink sector over the last fortnight… with the occasional bit of industry gossip thrown in for good measure. Enjoy!!
Read moreThe Week That Was - 23 December 2022
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreCMA issues guidance on influencer marketing, including #ad for gifts (!)
What is the CMA’s current stance on influencer marketing? And are they really insisting on #ad for gifts?
Read moreA move away from the formulaic approach to the contractual duty of good faith
Compound Photonics Group Ltd; Faulkner v Vollin Holdings Ltd [2022] EWCA Civ 1371
Read moreContract formation certainty of terms
Cooper v Dnata Catering Services Ltd [2022] EWHC 2216 (Comm)
Read moreContractual allocation of risk and common mistake
John Lobb SAS v John Lobb Limited [2022] EWHC 2306 (Ch)
Read moreNo need for late night panic: Court of Appeal decides that midnight e-filing is permissible
The Court of Appeal recently considered the short, but important, procedural question of whether a document may be filed electronically at any time up to midnight on the date by which the document is due.
Read moreGreat Peace confirmed: High Court decides that test for common mistake is settled
The High Court has clarified the test to void a contract for common mistake in John Lobb S.A.S v John Lobb Ltd, confirming that the four part test laid down by the Court of Appeal in Great Peace Shipping Ltd v Ttsavliris Salvage (International) Ltd remains the relevant test.
Read moreTake 10 - December 2022
Welcome to RPC's Media and Communications law update for media lawyers. This month's digest reports on key media developments and the latest cases.
Read moreHSBC finds itself in hot water over climate change claims
What does the ASA’s recent ruling on two HSBC adverts tell us about its approach to claims of greenwashing?
Read moreLawyers Covered - December 2022
Welcome to the latest edition of our Lawyers Liability & Regulatory Update, in which we look back over the last month at key developments affecting lawyers and the professional risks they face.
Read moreHMRC left in poor spirits following severe rebuke from the Tribunal
Penalty appeals related to alcohol inward diversion fraud upheld and HMRC evidence criticised.
Read moreSRA issues Warning Notice on solicitors' involvement in SLAPPs
SLAPPs (aka 'Strategic Lawsuits Against Public Participation') is a term coined in the USA. They are becoming the object of increasing concern over here too.
Read moreIt's a Wonderful Life, Insurance
A swollen river rages through the town of Bedford Falls. It is Christmas Eve and, looking down upon the torrent, shivering on a bridge, is a woman, distraught and wounded by life's cruelties. She prepares to step over the railing. Her name is Insurance.
Read moreFinancial Crime Time - Your update from RPC: 2022 Q4
Welcome to the latest edition of our round-up of news making the headlines in the world of financial crime and compliance. Our aim is to give you an easily digestible, bite-sized overview of issues that are of interest and which may affect your business.
Read moreValue of fines issued by ICO increases threefold in a year – from £4.8m to £15m
Fines relating to data breaches account for a third of the overall value The largest fine issued was £7.5m
Read moreThe confusing world of insurance jargon (With Ed Gaze)
Welcome to the final episode of Season 3 of Insurance Covered. As season 3 comes to a close we look to end on a high note. Peter is joined by returning guest Ed Gaze, CEO and founder of IRL, a platform to help launch new InsurTech's.
Read moreThe Week That Was - 16 December 2022
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe FTX fallout so far and what may come next
The collapse of FTX Trading Ltd. has been as dramatic as it has been fast. Until then, FTX had been the second-largest exchange in the world.
Read moreSports Ticker (15 December 2022) – Fury vs Chisora sponsorship, FIFA World Cup viewership and £400m bid for The Hundred – a speed-read of commercial updates from the sports world
In a fortnight which saw England defeated by France in the Qatar 2022 World Cup quarter-finals, we bring you updates on the £400m bid for The Hundred, EE and EXCEL Esports' sponsorship renewal and BetFred's sponsorship of the Fury v Chisora heavyweight title fight. We also feature updates on beIN MENA's record breaking Qatar 2022 World Cup viewership and the innovative AI generated art based on world cup match outcomes that will become NFTs.
Read moreRPC Bites #52 – trade mark wars: Red Bull v Bullards, Tesco v Lidl and Heineken v Virgin
Welcome to RPC Bites. Our aim in the next 2 minutes is to provide you with a flavour of some key legal, regulatory and commercial developments in the Food & Drink sector over the last fortnight… with the occasional bit of industry gossip thrown in for good measure. Enjoy!!
Read moreEdinburgh Reforms are 'a positive step in the right direction'
International law firm RPC says reforms will bring innovation and increased accessibility of consumer credit products
Read moreCourt of Appeal finds that entrepreneurs' relief was available
Court of Appeal finds in favour of the taxpayers concluding that entrepreneurs' relief (now business asset disposal relief) was available as the qualifying time period to hold shares before disposal did not apply to trusts.
Read moreRICS publishes new guidance on cladding and valuation - Webinar on 16 December 2022
Following the consultation earlier this year, as RPC previously reported, the Royal Institution of Chartered Surveyors ("RICS") has now published new guidance on cladding and valuation. The guidance aims to provide guidance to valuers undertaking valuations for secured lending purposes of domestic residential flats, within residential blocks of 5 or more storeys or 11 metres or more in height.
Read moreWitness Familiarisation
In this episode of Taxing Matters, we demystify what is witness familiarisation and what is permitted by the tax tribunals and the courts with Dr Penny Cooper.
Read moreEmpathetic leadership is key to understanding menopause in the workplace
Employers, business leaders and managers must be proactive in understanding the realities of the menopause and providing appropriate support, writes Kelly Thomson
Read more