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Publication

Health and Safety June Update

03 June 2016

Health and safety update June 2016

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Publication

Tax update

01 June 2016

The Finance Bill 2016 contains provisions which will introduce a specific penalty linked to the General Anti-Abuse Rule (GAAR) provisions.

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Blog

Comic Enterprises remains gleeful as CofA upholds series marks

Published on 31 May 2016. By Ciara Cullen, Partner and Louise Morgan, Senior Associate

The Court of Appeal recently ruled on an outstanding aspect of the appeal brought by Twentieth Century Fox in the "Glee" trade mark dispute.

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Blog

"New" Third Parties (Rights Against Insurers) Act and what corporates need to know

Published on 31 May 2016. By Jonathan Charwat, Associate

The Third Parties (Rights Against Insurers) Act 2010 and the late payment provisions in the Insurance Act 2015 changes are set out

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Blog

Max Schrems toppled Safe Harbor – will the Model Clauses be next?

27 May 2016

On Monday, the Irish Data Protection Commissioner announced that it intends to seek clarification on the legal status of the EU Standard Contractual Clauses (the Model Clauses).

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Blog

Break Notice – All 4 one?

27 May 2016

The recent Chancery Division case of Levett-Dunn & ors v NHS Property Services Ltd [2016] EWHC 943 (Ch) considers the validity of a break notice served on four landlords, all "care of" the same address.

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Blog

Would you know what to do if you received a Production Order from HMRC?

Published on 27 May 2016. By Adam Craggs, Partner

Last year HMRC issued over 1,400 production orders. They were issued by HMRC’s Criminal Investigation Directorate, as part of investigations into tax evasion and money laundering.

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Blog

World eSports Association formed

Published on 26 May 2016. By Joshua Charalambous, Associate

A new governing association was formed this month by the Electronic Sports League (“ESL”) and a number of eSports teams.

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Publication

Financial List signposts tough road for contractual construction

26 May 2016

A recent decision in the High Court (Hayfin v Windermere VII CMBS), one of the first from the Financial List, has demonstrated a strict approach to contractual construction and interpretation in relation to negotiated documentation for financial traded instruments. It also shows the potential of the Financial List to provide helpful and clear guidance on the application of existing case law in the context of financial markets.

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Publication

FIFA’s Member Associations approve package of reforms

16 May 2016

“FIFA is currently going through the worst crisis of its history. The current crisis should also be considered as a unique opportunity for FIFA to renew itself.”

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Blog

FCA focuses on suitability

Published on 13 May 2016. By Esme Watson, Associate

Have you received a request from the FCA for your suitability reports recently?

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Blog

Tribunal allows taxpayer's appeal following poor customer service by HMRC

Published on 13 May 2016. By Adam Craggs, Partner

In Usher & Perkins, Executors of Terence J Guy (deceased) v HMRC [2016] (TC04849), the First-tier Tribunal (FTT), allowed the executors' appeal against a penalty.

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Blog

Advising on accessing pension pots, is there gold at the end of the rainbow?

Published on 13 May 2016. By David Allinson, Senior Associate

As readers of this blog will know, sweeping changes were made to the UK pensions industry in April 2015 which allowed retirees to access the full value of their pension fund without the need to purchase an annuity.

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Press and Media

RPC advises Lonmar on MBO backed by Global Risk Partners Limited

12 May 2016

RPC has advised on the agreed management buy-out of specialist Lloyd's broker, Lonmar Global Risks Limited, backed by Global Risk Partners Limited. Completion of the transaction is subject to regulatory approval.

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Publication

Costs - issue at your peril

12 May 2016

A recent decision re-emphasises the costs risks a claimant faces if it issues proceedings but does not serve them.

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Publication

Insurers liable to pay damages to insureds for late claims payment

12 May 2016

For insurance policies entered into after 4 May 2017, insurers could be liable to policyholders for late payment of claims. It will be an automatically implied term of the policy that sums due from insurers must be paid within a reasonable time.

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Press and Media

HMRC makes over 1,400 demands to lawyers and accountants for information on clients suspected of crimes

09 May 2016

Firms which fail to meet demands can face criminal liability

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Press and Media

Communiqué de Presse: Création de la filiale française de RPC Consulting avec l’ouverture des premiers bureaux à Paris.

06 May 2016

Spécialisée dans le conseil en management et actuariat pour les assureurs, RPC Consulting propose une offre innovante basée sur le transfert de connaissance.

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Blog

The "new" Third Parties (Rights Against Insurers) Act and late payment of insurance claims

Published on 06 May 2016. By Robert Morris, Partner

After a delay of just six years, it was finally confirmed this week that the Third Parties (Rights Against Insurers) Act 2010 will come into force on 1 August 2016.

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Blog

Mining for claims: a year on from Proctor v Raleys

Published on 06 May 2016. By Claire Revell, Senior Associate

A year has now passed since the Court of Appeal's decision in Proctor v Raleys, a judgment which highlighted the difficulties defendant solicitors will face in stating that they gave sufficient advice if the advice they gave was contained in precedent letters and questionnaires (especially if they didn't actually meet the client, as was the case with the unfortunate Mr Raley).

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Blog

Take it to the limit (but no further)

06 May 2016

In a recent judgment handed down on 12 April 2016, the Hong Kong Admiralty Court examined whether or not crew members' acts or omissions could be regarded as a shipowner's personal acts or omissions for the purposes of breaking limitation under the Convention on Limitation of Liability for Maritime Claims 1976 ("LLMC") [FN1].

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Blog

Tribunal considers carelessness test and finds discovery assessments to be invalid

Published on 05 May 2016. By Alexis Armitage, Associate

In Bubb v HMRC [2016] UKFTT 0216 (TC), the First-tier Tribunal (FTT) allowed the taxpayer's appeals and concluded that two discovery assessments made by HMRC under section 29, TMA 1970, were not validly made because only part of the tax underpayment resulted from the taxpayer's carelessness.

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Press and Media

Hiscox selects RPC Consulting to provide new Capital Modelling platform

04 May 2016

RPC Consulting, the insurance consulting arm of RPC, today announced it has entered into an agreement with Hiscox, a leading specialist insurer, to implement Tyche, RPC Consulting’s proprietary software, in order to facilitate the consolidation of Hiscox’s capital modelling requirements onto one platform.

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Blog

How effective is China's corruption crackdown?

04 May 2016

At the 18th National Congress of the Communist Party of China on 8 November 2012, Chinese President Xi Jinping vowed to hunt down 'tiger and flies'; in other words, crack down on the endemic corruption between high-level officials and lower-level civil servants.

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Publication

Tax update

04 May 2016

In the 2016 Budget, the Chancellor announced proposed legislation to tackle so-called “disguised remuneration”. HMRC has now published an impact note and draft legislation.

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Press and Media

RPC's Singapore JLV with Premier Law goes live

03 May 2016

Officially launched on 1 May, the JLV doubles RPC's size in Singapore, and significantly expands the firm's corporate, dispute resolution, and insurance capability in Asia.

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Press and Media

City law firm RPC advises ANV Holding B.V. on its announced takeover by AmTrust

03 May 2016

RPC is advising on the acquisition of ANV Holding B.V. by Nasdaq listed AmTrust Financial Services, for $218.7m.

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Press and Media

RPC Consulting opens Paris office

03 May 2016

Independent insurance management consulting and actuarial services business opens in France.

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Publication

Corporate tax update

03 May 2016

Welcome to the latest edition of our Corporate Tax Update, written by members of RPC’s tax team and published quarterly. In this edition we highlight some of the key tax developments of interest to UK corporates from the first quarter of 2016.

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Press and Media

RPC continues story of strong growth, breaking £100m turnover barrier

02 May 2016

FY16 top line growth at 6%. Firm grows organic revenue by 67% since 2011

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Blog

Notice of termination provisions - not all they're cracked up to be

Published on 29 April 2016. By Ed Holmes, Senior Associate and Tim Brown, Partner

In Vinergy International (PVT) Limited v Richmond Mercantile Limited FZC the High Court held that the respondent had been entitled to accept the appellant's repudiatory breach and terminate their contract without complying with the notice requirements. 

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Blog

A Mayor Fayre

Published on 28 April 2016.

Thursday May 5 2016 will (hopefully) see Londoners flocking to their local polling stations to vote for the next London Mayor.

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Blog

Tribunal finds that deferred shares are ordinary shares for the purposes of entrepreneurs' relief

28 April 2016

In Alan Castledine v HMRC [2016] UKFTT 145, the First-tier Tribunal (FTT) dismissed Mr Castledine's appeal and found that deferred shares qualified as ordinary shares for the purposes of entrepreneurs' relief.

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Publication

VAT update

28 April 2016

On 7 April 2016, the European Commission adopted a Communication on an Action Plan on VAT, which sets out the first steps the Commission intends to take with the aim of creating a single EU VAT area.

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Press and Media

RPC advises Chaucer on establishment of Africa-focussed Lloyd's special purpose syndicate

28 April 2016

Leading City-headquartered law firm, RPC, has advised Lloyd’s insurer Chaucer on establishing a special purpose syndicate with AXA, focussed on African specialty business, including political risk, energy and infrastructure.

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Press and Media

RPC welcomes trio of new Partners in annual promotions round

28 April 2016

City-headquartered law firm RPC is pleased to announce that it has promoted three lawyers into the partnership, with effect from 1 May.

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Blog

Getting the lie of the land: Conveyancers liable to Land Registry for mortgage fraud

Published on 27 April 2016. By Claire Revell, Senior Associate

Hot on the heels of the decision in Purrunsing v A'Court & Co (in which the High Court found conveyancers on both sides of a property fraud to be liable for the loss suffered by the buyer) comes another blow for property solicitors in the High Court decision in Chief Land Registrar v Caffrey & Co.

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Video

Gender Pay Gap Reporting – are you ready?

27 April 2016

Hear Patrick Brodie and Kelly Thomson discuss the requirements on businesses to comply with Gender Pay Gap Reporting legislation.

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Blog

Insurance claims settlement services not VAT exempt

27 April 2016

The European Court of Justice (ECJ) has held in a recent case that claim settlement services provided on behalf of an insurance company by a Polish service provider were not exempt from VAT (Minister Finansów v Aspiro SA (Case C-40/15)).

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Blog

Disputes over bank's contractual right to freeze customer's account

Published on 27 April 2016. By Jonathan Cary, Partner

As banks tighten-up their standard terms concerning due diligence on customers and their transactions, it is inevitable that disputes will arise and that some will make their way to court.

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Blog

Court refuses s61 relief in claim by buyer against seller's solicitors

Published on 26 April 2016. By Aimee Talbot, Associate

In a decision handed down earlier this month, the High Court in Purrunsing -v- (1) A'Court & Co. (a firm); (2) House Owners Conveyancers Limited [2016] EWHC 789 refused relief under section 61 Trustee Act 1925 to a firm of solicitors and a firm of licensed conveyancers who acted in the sale of a property by a fraudster.

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Blog

The subtleties of suitability

Published on 26 April 2016. By Drew Naylor, Senior Associate

IFAs can expect guidance from the FCA about how to produce shorter client suitability reports following last month's publication of the Financial Advice Market Review (FAMR), the FCA has confirmed.

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Blog

Business people who happen to be lawyers – celebrating the best of the best GCs

26 April 2016

Earlier this month saw the publication of the fourth edition of Legal Business' GC Powerlist – in my opinion, the definitive list of the top in-house counsel in the UK. In the publication I was given the opportunity to share my thoughts on the state of the market – this is what I said:

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Blog

Move to unified European regime as trade secrets directive adopted by EU Parliament

Published on 25 April 2016. By David Cran, Partner and Louise Morgan, Senior Associate

Earlier this month, on 14 April 2016, the draft European Directive on the protection of trade secrets against their unlawful acquisition, use and disclosure was passed by the European Parliament (EP) at a first reading.

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Blog

What's in a name? Time Charter Trips explored

25 April 2016

The time charter trip or "TCT" is a common hybrid, with attributes of both time and voyage charters.

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Blog

How to lose $1,000,000,000,000 in 30 minutes: HFT, Liquidity and Volatility in 2016

Published on 22 April 2016. By Kingsley Krawczyk, Registered Foreign Lawyer

The Wall Street we all knew is dead. It has been replaced by high frequency trading (HFT).

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Blog

Pension Ombudsman, SIPPs and the uncertainty

Published on 21 April 2016. By Rachael Healey, Legal Director

SIPP trustees and administrators don't have to consider suitability, the Pension Ombudsman has found in a recent complaint.

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Blog

Review letter from HMRC should be read as cancelling discovery assessment

21 April 2016

In Easinghall Limited v HMRC [2016] UKUT 105 (TCC), the Upper Tribunal (UT) has confirmed that where an agreement has been reached with HMRC under section 54, Taxes Management Act 1970 (TMA 1970), it cannot commence an enquiry or issue a discovery assessment unless they concern an issue which was not the subject of the agreement.

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Blog

Breaking the mould, being unreasonable, and building a bank that people value

20 April 2016

Anthony Thomson is an unreasonable man. Or so he told us at last month's event at The South Place Hotel, concluding RPC and GC Magazine's Dissenting Perspectives series of three speaker events.

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