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Blog

Game theory and the art of litigation settlement (Part 2)

Published on 25 April 2018. By Christopher Whitehouse, Associate and Simon Hart, Partner

This article is the second in a series targeted at litigators that consider the issue of settlement in litigation through a game theoretical lens.

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Blog

Potentially largest ever Japan outbound deal

Published on 25 April 2018. By Nigel Collins, Partner, Head of Japan Desk

Takeda makes its 5th offer for Shire

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Press and Media

The number of controversial Accelerated Payment Notices HMRC admits it issued in error hits 6,000

Published on 25 April 2018. By Richard Breavington, Partner

In total, HMRC has issued more than 79,000 APNs since their introduction in August 2014. Adam Craggs, Partner at RPC, says such high numbers of APNs being withdrawn raises questions over whether HMRC is exercising this draconian power with sufficient care.

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Blog

A Virtual Reality Check

Published on 25 April 2018. By Daisy Fulton, Trainee Solicitor

Article exploring the growth of virtual reality (VR) and the legal issues which are emerging including product liability, data and privacy risks, and the 'laws' of the virtual world as a jurisdiction in itself.

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Publication

VAT update April 2018

Published on 24 April 2018. By Adam Craggs, Partner

In this month’s update we report on the publication of the draft agreement on the UK’s withdrawal from the EU; the Government’s “split payment” collection model for online sales by non-UK sellers; and HMRC’s revised guidance on the cost sharing exemption.

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Publication

Asia Insurance Bulletin 2018

23 April 2018

Our Asia Insurance Bulletin is now available. The bulletin contains a number of articles written by our lawyers discussing a variety of issues relevant to the Asia region.

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Blog

The FCA publishes its 2018/19 Business Plan

Published on 23 April 2018. By Charlotte Thompson, Associate

On 9 April 2018 the FCA published its Business Plan for 2018/19, demonstrating its continued focus on culture and governance in firms, tackling financial crime and the role of technology in the financial services industry.

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Blog

Home is where you hang your medical test

Published on 20 April 2018. By Daisy Fulton, Trainee Solicitor

At-home medical tests can be useful diagnostic tools, but this carries risks for patients or insurers. Medical malpractice and product liability insurers need to plan for the future.

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Blog

Court of Appeal's history lesson for claimants bringing personal injury claims

Published on 20 April 2018. By Peter Rudd-Clarke, Legal Director

Healthcare providers and manufacturers of medical products will welcome a judgment from the Court of Appeal that found against a claimant for failing to give notice of funding in time.

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Blog

Diversity on the agenda

Published on 20 April 2018. By James Miller, Managing Partner

As clients of City law firms like RPC, those represented in the Powerlist are playing an increasingly leading role in ensuring diversity doesn't just rise up the agenda, but stays there.

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Blog

Japan's Itochu to raise stake in FamilyMart to 50.1%

Published on 19 April 2018. By Nigel Collins, Partner, Head of Japan Desk

Itochu to spend $1.1bn for an 11.1 per cent premium in FamilyMart

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Blog

Unregulated cryptocurrencies – an end in sight?

Published on 18 April 2018. By Ashley Daniells, Associate and Matthew Watson, Associate

Since their creation, cryptocurrencies have been somewhat of an enigma. Decentralised digital currencies such as Bitcoin have remained unregulated, despite becoming more prevalent in our day-to-day lives. That could be about to change with the FCA announcing plans to include them as part of their other regulated products or services.

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Blog

FCA success in the High Court: Compensation of £16.9m awarded to misled investors

Published on 16 April 2018. By Lucy Kerr, Senior Associate

A five-year court battle between the Financial Conduct Authority ("FCA") and Capital Alternatives Limited concluded on 26 March 2018 when the High Court used its restitution powers under the Financial Services and Markets Act 2000 to award compensation to investors who lost money invested with Capital Alternatives.

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Press and Media

64% fall in individuals referred to the FCA’s Regulatory Decisions Committee

16 April 2018

There has been a sharp fall in the number of individuals working in financial services being referred to the FCA’s Regulatory Decision Committee, dropping 64% to 13 in 2017

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Publication

Construction newsletter April 2018

13 April 2018

The first quarter of 2018 has been a challenging one for the construction industry. It saw a further decline in construction output in January, with the Office of National Statistics reporting that construction output fell by 3.4% in January from December.

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Blog

Hargreaves: Loyalty pays

Published on 13 April 2018. By Constantine Christofi, Associate

In Hargreaves Lansdown Asset Management LTD v HMRC [2018] UKFTT 127 (TC) TC06383, the First-tier Tribunal (FTT) has found that loyalty bonus payments paid to investors were not "annual payments" for the purpose of section 683, ITTOIA.

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Snapshot

Snapshots - Spring 2018

12 April 2018

This is your roundup of all recent legal updates spanning advertising & marketing, commercial cases,technology / digital, data protection and intellectual property.

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Snapshot

Update of the Guidance for Traders on Pricing Practices

12 April 2018

What changes have been made to the guidance since the latest version was published in December 2016?

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Snapshot

Government publishes Digital Charter

12 April 2018

On 25 January 2018, the Department for Media Culture and Sport ("DCMS") published the Digital Charter that was announced in the 2017 Queen's speech.

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Snapshot

Trade marks / passing off

12 April 2018

Can localised goodwill prevent the registration of a UK trade mark?

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Snapshot

Confidential information / trade secrets

12 April 2018

IPO publishes consultation on Trade Secrets Directive (EU/2016/943)

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Snapshot

Good faith / duress

12 April 2018

When will the Court imply a duty of good faith?

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Snapshot

Does the rule against penalty clauses apply to repayment obligations?

12 April 2018

Holyoake and another v Candy and others [2017] EWHC 3397 (Ch)

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Snapshot

Contractual interpretation / limitation of liability

12 April 2018

How will the Court interpret limitation of liability clauses?

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Snapshot

Contractual interpretation / implied terms

12 April 2018

How will the Court approach interpretation of related agreements and implying terms for "business purposes"?

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Snapshot

Assessing damages for termination

12 April 2018

How will the Court assess damages for termination on an express contractual right?

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Snapshot

Key principles of ad disclosure

11 April 2018

What are the rules around disclosure of marketing communications?

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Snapshot

ASA ruling on Ryanair's claim: "Europe's number one airline"?

11 April 2018

How will the ASA interpret a claim to be "number one" in the context of widespread negative publicity?

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Snapshot

ASA call for evidence on recognition and labelling of online ads

11 April 2018

Do consumers have a clear understanding of the labelling used for online ads?

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Snapshot

ASA guidance on promotional marketing for subscription models

11 April 2018

What guidance does the ASA provide regarding advertising for 'free trials' (and similar promotional techniques) for subscriptions?

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Snapshot

ASA ruling on Amazon TV ad interacting with AI

11 April 2018

Was a TV ad which interacted with an Amazon device to place an unwanted order socially irresponsible?

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Snapshot

Article 29 Working Party publishes guidelines on data breach notifications under the GDPR

11 April 2018

What data notification procedures should data controllers and processors have in place by 25 May 2018?

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Snapshot

Article 29 Working Party adopts guidelines on Data Protection Impact Assessments

11 April 2018

When should a data controller conduct a Data Protection Impact Assessment (DPIA)?

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Snapshot

Article 29 Working Party publishes draft guidelines on transparency under the GDPR

11 April 2018

In accordance with the GDPR's new obligation of transparency, what do the WP29 draft guidelines suggest you put in your organisation's privacy policy and other privacy notices?

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Snapshot

Article 29 Working Party publishes guidelines on consent under the GDPR

11 April 2018

What exactly are the higher standards of consent under the GDPR?

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Snapshot

Court of Appeal declares the Data Retention and Investigatory Powers Act 2014 unlawful

11 April 2018

Is section 1 of the Data Retention and Investigatory Powers Act 2014 (DRIPA) inconsistent with EU law?

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Snapshot

ICO publishes draft guidance on children and the GDPR

11 April 2018

What extra requirements must be met when processing the personal data of a child under the GDPR?

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Snapshot

Vicarious liability for deliberate data breaches

11 April 2018

Can a business be held vicariously liable for the actions of an employee who deliberately breaches its employer's data protection policies and data protection law?

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Snapshot

ICO fines Carphone Warehouse £400,000 following systemic data failures

11 April 2018

Need an example of how not to protect your customers' and employees' data? Then, read on!

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Blog

Volkswagen: CJEU provides guidance on the time limit for input VAT recovery

Published on 11 April 2018. By Nicole Kostic, Senior Associate

In Volkswagen AG v Finančné riaditeľstvo Slovenskej republiky C-533/16, the Court of Justice of the European Union (CJEU) has held that Member States cannot impose a time limit on input tax recovery that denies claims before the taxable person is in a position to exercise its right to recover.

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Publication

Asset management market study update

Published on 10 April 2018. By James Kaufmann, Legal Director and William L. Jones, Senior Associate

On 5 April 2018 the FCA published proposals to address concerns identified in its asset management market study

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Blog

Game theory and the art of litigation settlement

Published on 06 April 2018. By Christopher Whitehouse, Associate and Simon Hart, Partner

This article is the first in a series targeted at litigators that consider the issue of settlement in litigation through a mathematical lens.

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Press and Media

25 cartel members blow the whistle in the UK on illegal price fixing in bid for softer sentences

06 April 2018

Competition and Markets Authority proactively cracking down on cartel-related activity

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Blog

New(ly reiterated) grounds for stay on enforcement of an adjudication decision

Published on 05 April 2018. By Dil-veer Kang , Trainee solicitor and Ben Wilkins, Associate

A real risk of the dissipation or disposal of an adjudication sum may justify the grant of a stay on enforcement of an adjudicator's award.

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Blog

Property Alliance Group Limited v The Royal Bank of Scotland plc – a pyrrhic victory?

Published on 04 April 2018. By Parham Kouchikali, Partner and Joe Cresswell, Associate

The Court of Appeal handed down its much anticipated judgment on the misselling and LIBOR manipulation test case in March. Whilst the appeal was dismissed in full, the Court of Appeal's decision clarified a number of aspects of the law in this area and, in particular, the circumstances in which an implied representation in respect of LIBOR would arise.

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Blog

Jackson : HMRC penalised in penalties case

Published on 04 April 2018. By Adam Craggs, Partner

In Jackson v HMRC [2018] UKFTT 0064 (TC), the First-tier Tribunal (FTT) has held that HMRC had misapplied the law in respect of penalties it had issued to the taxpayer for filing late returns.

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Publication

Tax update April 2018

03 April 2018

In this month’s update we report on HMRC’s new Code of Practice 8 guidance, the OECD’s consultation on misuse of residence and citizenship schemes to circumvent the common reporting standard.

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Blog

The future of the NHS: Concerns and comparisons

Published on 29 March 2018. By Hannah Land, Associate

New poll suggests greater concerns over cuts to NHS funding than terrorism threat.

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Blog

Properties are Heating Up – New Minimum Energy Efficiency standard to come into force

Published on 29 March 2018. By David Johnston, Partner and Jani Ihalainen, Paralegal

On 1 April 2018 the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2018 ("the Regulations") will come into force, introducing Minimum Energy Efficiency Standards ("MEES") for privately rented properties, including retail properties.

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Press and Media

RPC announces Gender Pay Gap figures

29 March 2018

City-headquartered professional services firm RPC has announced its 2017 Gender Pay Gap figures for the UK.

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