Abstract of glass building

Search results

3943 results

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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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).

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
Publication

The new Union Customs Code

21 January 2016

Key changes

Read more
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).

Read more
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.

Read more
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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
Publication

Toying with cyber security

14 January 2016

VTech and Hong Kong’s cyber laws

Read more
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.

Read more
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)

Read more
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.

Read more
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.

Read more
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.

Read more
Publication

Annual Insurance Review 2016

08 January 2016

Landmark insurance law reform and market consolidation

Read more
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.

Read more
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).

Read more
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, Partner

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.

Read more
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.

Read more
Publication

Tax update

06 January 2016

Beneficial ownership plan: HMRC publishes policy paper

Read more
Blog

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

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.

Read more
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].

Read more
Blog

Court of Appeal permits early redemption of Lloyds Banking Group's Enhanced Capital Notes

Published on 04 January 2016. By Matthew Evans, Senior Associate and Parham Kouchikali, Partner

In BNY Mellon Corporate Trustee Services Ltd v LBG Capital No.1 and No. 2 Plc, the Court of Appeal reversed the first instance decision of the High Court, by allowing early redemption of certain convertible securities (known as Enhanced Capital Notes, or ECNs).

Read more
Press and Media

RPC advises on establishment of Lloyd's Special Purpose Syndicate

04 January 2016

City law firm RPC has advised on the creation of a Lloyd's Special Purpose Syndicate (SPS) to be managed by Pembroke (the Lloyd's operation of Ironshore, the global speciality property and casualty insurance division of the Fosun Group).

Read more
Blog

UK source of interest

Published on 30 December 2015. By Adam Craggs, Partner

In Ardmore Construction and Andrew Perrin v HMRC [2015] UKUT 633 (dual appeal), the Upper Tribunal (UT) dismissed the taxpayers appeals and confirmed that they had received UK source dividends on which UK income tax was deductible at source.

Read more
Blog

Daily Telegraph publisher fined £30k for general election email campaign

30 December 2015

On 15 December 2015 the Information Commissioner's Office (ICO) issued Telegraph Media Group Limited (the Telegraph) with a Monetary Penalty Notice

Read more
Blog

Titan v Colliers – the price of everything and value of nothing

30 December 2015

The Court of Appeal recently overturned the High Court's judgment in the case of Titan v Colliers.

Read more
Blog

'Dear CEO letter' to debt management firms clarifies FCA's expectations on transfer of customers or their information

29 December 2015

Following ongoing consolidation in the debt management market, Jonathan Davidson, FCA Director of Supervision (Retail and Authorisations), has published a 'Dear CEO letter' which sets out the FCA's expectations of debt management firms when customers or customer information are being transferred.

Read more
Blog

Upper Tribunal accepts reasonable excuse defence for late claim for repayment of tax

Published on 23 December 2015. By Nicole Kostic, Senior Associate

In Raftopoulou v HMRC [2015] UKUT 579, the Upper Tribunal (UT) has confirmed that a taxpayer can make a valid claim for repayment of overpaid tax ...

Read more
Publication

VAT update

22 December 2015

This is our last VAT update of 2015. RPC’s next VAT update will be published on 28 January 2016. We wish all our readers a Merry Christmas and a Happy New Year!

Read more
Blog

High Court rejects interest rate swap misselling claim

Published on 22 December 2015. By Daniel Hemming, Senior Associate and Parham Kouchikali, Partner

In Thornbridge Limited v Barclays Bank PLC the High Court considered a claim for the missale of an interest rate swap based on several different causes of action, all of which were unsuccessful.

Read more
Publication

Restructuring and insolvency

18 December 2015

An update on recent changes

Read more
Blog

New EU data protection rules (finally!) agreed

18 December 2015

On the 17th of December, and after much negotiation, a final draft of the new General Data Protection Regulation (GDPR) was approved by the Civil Liberties, Justice and Home Affairs (LIBE) committee of the European Parliament.

Read more
Blog

EU in or EU out?

Published on 18 December 2015. By Constantine Christofi, Associate

The UK will soon be faced with a question that may well have a profound impact on its future and materially shape its place in the world, namely: should the UK remain in or out of the European Union.

Read more
Blog

Delay not a bar to obtaining freezing injunction

Published on 18 December 2015. By Charlotte Henschen (née Ducker), Senior Associate and Geraldine Elliott, Partner

The High Court has granted three insolvent Cayman companies (each in liquidation) a worldwide freezing order in support of proceedings against Mr Terrill, an individual who operated behind the companies' respective corporate directors as their sole director and shareholder.

Read more
Blog

Getting ahead of the curve: EBA consults on 'robo-advisers'

17 December 2015

Technology will transform the financial advice world, and this transformation has already begun.

Read more
Publication

Financial Litigation roundup

17 December 2015

Welcome to the latest edition of our Financial Litigation roundup. In this edition, we consider recent judgments and ongoing cases from the banking and financial world in the UK and Asia, as well as regulatory developments in those jurisdictions

Read more