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Publication

Tax update

03 February 2016

Increased SDLT for second homes and buy-to-let properties to apply to all

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Blog

FCA – feeling the political heat?

Published on 02 February 2016. By Matthew Watson, Associate

The FCA escaped a vote of "no confidence" during last night's debate in the House of Commons, despite facing a barrage of scathing remarks from MPs.

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Blog

RPC hosts seminar on 'Data Privacy and the Media'

Published on 02 February 2016. By Alex Wilson, Associate

On 28 January 2016, RPC hosted a 'Question Time' style panel discussion for a range of media lawyers on data protection and its particular relevance to the media industry and media companies.

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Blog

Perceived wisdom – service excellence comes from seeing through the eyes of the client

01 February 2016

So I arrived at the first of GC Magazine's Dissenting Perspectives talks not really knowing what to expect.

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Blog

Borrow My Brand

Published on 01 February 2016. By Rachael Ellis, Associate

Businesses, do you want to boost your brand? The answer is simple - borrow someone else's. Perhaps most prominent in the fashion world, 'brand borrowing' is the concept of one brand procuring the use of another brand’s name or logo for their products.

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Blog

FCA announces consultation on role of GCs in regulated firms

29 January 2016

We are so accustomed to dissembling by politicians and others in public life that it is heartening to see individuals or institutions that are prepared to acknowledge responsibility for their mistakes.

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Blog

47% decrease in claims against solicitors – a false sense of security?

29 January 2016

2015 saw a 47% decline in the number of professional negligence cases brought against solicitors to 221, down significantly from 418 in 2014.

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Blog

Court of Appeal confirms validity of third party information notices

Published on 29 January 2016. By Adam Craggs, Partner

In Derrin Brothers Properties Limited & Others v HMRC [2016] EWCA Civ 15, the Court of Appeal has dismissed the Appellants' appeal against the High Court's refusal to quash third party information notices issued by HMRC pursuant to paragraph 2, Schedule 36, Finance Act 2008 (the Notices).

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Publication

Corporate tax update

29 January 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 final quarter of 2015.

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Publication

VAT update

28 January 2016

Brief 22/15 – VAT partial exemption changes concerning foreign branches

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Blog

Stuck in the middle with (section) 52

Published on 28 January 2016. By Paul Joseph, Partner and Georgia Davis, Legal Director

IPO Consultation on the transitional arrangements for the repeal of Section 52 of the CDPA

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Press and Media

RPC expands corporate, dispute resolution, and insurance capability in Asia with Singapore JLV

28 January 2016

Leading law firm RPC today announced that it is entering into a joint law venture (JLV) with established Singapore-based practice Premier Law.

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Publication

Do receivers owe duties to bankrupt mortgagors?

27 January 2016

The Court of Appeal has recently considered whether an LPA Receiver owes a duty of care to a bankrupt mortgagor in connection with the way the Receiver deals with the mortgaged property. In a decision which will be welcomed by Receivers and their insurers, the court decided that a Receiver owes no such duties.

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Blog

Standstills – direct, indirect, connected to, arising out of – has time been stopped?

Published on 27 January 2016. By Rachael Healey, Legal Director

Defendants are often invited to enter into Standstill Agreements, stopping time for limitation purposes.

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Publication

Top tips for negotiating football kit sponsorship deals

27 January 2016

(including considerations when working with betting companies)

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Blog

Update: High Court provides guidance on termination for contracting parties

27 January 2016

In the recent case of C&S Associates Ltd v Enterprise Insurance Company Plc [2015] EWHC 3757 (Comm) the High Court considered a number of issues that will be of interest to contracting parties, including:

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Blog

FCA announces rejection of change of control application

26 January 2016

It is rare for the FCA's objection to a change of control notification to ever become public.

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Blog

The politics of regulation

26 January 2016

Today's news about Andrew Bailey's appointment as CEO of the FCA is a significant and, no doubt, highly political appointment.

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Publication

UK flooding: the aftermath

26 January 2016

As the flood waters subside and residents, businesses, insurers and public bodies survey the damage and pick up the pieces, thoughts will turn to what, if anything, could have been done differently to have prevented or minimised the damage caused.

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Blog

Arbitrations and anti-suit injunctions – a Hong Kong perspective

26 January 2016

In some jurisdictions (notably Mainland China and Australia), local law does not give effect to the incorporation of arbitration clauses into bills of lading.

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Blog

Update: CFAs will not continue for insolvent companies

Published on 25 January 2016. By Layla Todd, Associate

Earlier in April last year, we wrote an article on the insolvency exemption to the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO).

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Press and Media

High Court cases against solicitors drop 47% in a year

25 January 2016

There was a 47% fall in the number of High Court cases brought against law firms in the last year to 221, down from 418 in 2014, but much of the pain from last year’s spike in cases is yet to be fully felt, says RPC, the City-headquartered law firm.

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Blog

PRA fines and bans former CEO and MD of Co-op Bank

22 January 2016

In its recent action against former senior figures at the Co-op Bank the PRA has highlighted the impact of the Senior Managers Regime on such enforcement cases, even though this was a case brought under the (now discredited) approved persons regime.

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Publication

Love thy neighbour but don't give them any advice!

22 January 2016

The first TCC judgment of the year, Burgess & Burgess vs Lejonvarn [2016] EWHC 40 (TCC), is of particular interest to both architects and their insurers, as it discusses and distinguishes between a contractual relationship and one that gives rise to an assumption of responsibility in tort.

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Blog

Supreme Court clarifies law on implied terms

Published on 21 January 2016. By Chris Ross, Partner

The Supreme Court has clarified the law on implied terms: in order for a term to be implied it must be necessary for business efficacy or alternatively be so obvious as to go without saying.

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Blog

Supreme Court clarifies law on implied terms: "business efficacy" test remains

Published on 21 January 2016. By Chris Ross, Partner and Parham Kouchikali, Partner

The Supreme Court has clarified the law on implied terms: in order for a term to be implied it must be necessary for business efficacy or alternatively be so obvious as to go without saying. In practice, it will be a rare case where one of those conditions is satisfied but not the other.

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Publication

The new Union Customs Code

21 January 2016

Key changes

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Blog

HMRC fails to satisfy the Tribunal that residential property purchased for a pension fund was "taxable property"

20 January 2016

In J & A Young (Leicester) Limited and Others v HMRC [2015] UKFTT 0638 (TC) TC 04771, the First-tier Tribunal (FTT), has allowed the taxpayers' appeals and held that certain residential property acquired by a self-administered occupational pension scheme was not "taxable property", for the purposes of Schedule 29A, Finance Act 2004 (FA 2004).

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Blog

Selling, buying or investing: five practical tips for insurance broker M&A

Published on 20 January 2016. By Matthew Griffith, Partner

People who are well prepared and able to act quickly tend to do better in a buoyant M&A market and, with some sizeable recent transactions, continued interest from private equity, ongoing consolidation and some of the larger broking groups remaining interested at least in strategic plays, insurance broker M&A is likely to be just such a market in 2016.

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Press and Media

FCA receiving record number of assistance requests from foreign enforcement agencies

18 January 2016

Regulator now dealing with over 1,000 requests per year US based requests falling, rest of the world increasing

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Blog

FX trader fails in third-party rights challenge to FCA

18 January 2016

The Upper Tribunal has rejected the well-publicised complaint by Christopher Ashton that the FCA identified him in two decision notices without giving him the opportunity to make representations - because the Tribunal concluded that he was not identified at all.

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Blog

2016 - eight reasons why this could be the year of the GC

18 January 2016

The first few months in the life of this blog have seen us grapple with a broad range of thorny issues of direct relevance to the life of the GC.

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Blog

Housing shortage is a construction industry skills crisis

18 January 2016

Headlines focus on the emotive issue of hard-working families being unable to afford their own homes, and the Government’s pledge to get Britain building.

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Blog

Mobile marketing – lessons learnt from Optical Express

15 January 2016

Mobile marketing is an essential part of the marketing tool kit of most retailers.

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Blog

EIOPA recommendations to mobile phone insurance

Published on 15 January 2016. By Andrew Price, Senior Associate

The European Insurance and Occupational Pensions Authority's (EIOPA) recently published report on Consumer Protection Issues arising from the sale of Mobile Phone Insurance (MPI) makes a number of recommendations to address the gaps EIOPA found to exist between consumer expectations and European insurers' MPI products.

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Blog

The "NEW FLAMENCO" – back in step

15 January 2016

Court of Appeal overturns High Court and holds that a 'capital' benefit obtained following the sale of a vessel on her early redelivery can reduce a damages claim for repudiatory breach of charterparty.

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Publication

Toying with cyber security

14 January 2016

VTech and Hong Kong’s cyber laws

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Publication

VTech and Hong Kong’s cyber laws

14 January 2016

VTech is a multi-billion-dollar global supplier of electronic toys and learning products for children, and reportedly the world’s biggest manufacturer of cordless telephones. In short, it is a giant company producing high-tech electronic goods – surely, you might think, capable of fending off a cyber-attack.

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Blog

Supreme Court confirms that when making a confiscation order and assessing the amount of benefit obtained by an offender any VAT accounted to HMRC should be ignored

Published on 14 January 2016. By Adam Craggs, Partner

In R v Harvey [2015] UKSC 73, the Supreme Court allowed the appeal of Mr Jack Harvey (the Appellant) against the decision of the Court of Appeal (Criminal Division)

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Blog

The Fed awakens: the US central bank raises the federal funds rate for the first time in nearly a decade

13 January 2016

Simply put, the federal funds rate is the interest rate at which commercial banks in the US lend money to each other, usually overnight.

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Blog

China crisis - what does the latest share slide mean for your business, and your contracts?

13 January 2016

When I first wrote about the turmoil in the Chinese stock market back in July last year, there was still some debate as to how serious the crash was, and what the direct or indirect implications would be for businesses with trading interests in the region.

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Blog

High Court holds deception undermines "dominant purpose" for claim to litigation privilege

Published on 12 January 2016. By Davina Given, Partner

In Property Alliance Group Ltd v Royal Bank of Scotland Plc the Court held that where a claimant had met the defendant's former employees to seek evidence for the claim, but had misled them as to the purpose of the meetings, the dominant purpose of those meetings could not be said to be the litigation.

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Publication

Annual Insurance Review 2016

08 January 2016

Landmark insurance law reform and market consolidation

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Publication

Annual Insurance Review 2015

08 January 2016

There are no prizes for guessing the likely main insurance law event of 2016. The Insurance Act 2015 will come into force on 12 August 2016.

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Blog

Pay the correct court fee – or else!

Published on 08 January 2016. By Jonathan Wyles, Legal Director

On 9 March 2015 there was a substantial increase in the fees to issue civil proceedings. As a result, the court fee is now £10,000 to issue a claim worth in excess of £200,000 (or the damages are unquantified).

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Blog

Tribunal allows company's appeal and confirms that the four-year time limit does not apply to corporation tax self-assessment returns

Published on 08 January 2016. By Robert Waterson, Legal Director

In Bloomsbury Verlag GmbH v HMRC [2015] UKFTT 660 (TC),the First-tier Tribunal (Tax and Chancery) (FTT) has held that the four-year time limit does not apply to corporation tax self-assessment returns and that trading losses can be carried forward even though they were not included in a return.

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Video

What makes a "Law Firm of the Year"?

07 January 2016

Managing Partner Jonathan Watmough speaks with John Malpas, Editor-in-Chief of Legal Week, about what contributed to being named Law Firm of the Year 2015.

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Publication

Tax update

06 January 2016

Beneficial ownership plan: HMRC publishes policy paper

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Blog

Cavendish win on penalties: Supreme Court makes finger-tip save of ageing doctrine

Published on 06 January 2016.

The Supreme Court has provided long awaited clarification of the law on penalty clauses and liquidated damages, upholding the "penalty rule" but further limiting its utility in a commercial setting.

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Blog

Speed & Consumption – good weather daze?

05 January 2016

The High Court of England & Wales has overturned an arbitration Award in a rare appeal on a performance dispute[1].

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