News & Insights

DD Classics Ltd v Chen: High Court’s judgment on what is a reasonable time period to exercise a contractual termination right

by Victoria Smith|27 September 2022|Our Thinking

On 20 May 2022, the English High Court (the ‘‘High Court’’) made a remarkable judgment under DD Classics Ltd v Chen [2022] on what constitutes a reasonable time period to exercise the contractual right to terminate an agreement due to repudiatory breach before losing such right. The Court’s decision emphasised its initial judgment dated 29 […]

10th birthday throwback: video of our best bits!

by Victoria Smith|23 September 2022|Our News

As the summer draws to a close, kids are back to school and holidays are a distant memory, we thought we’d look back at our amazing 10th birthday celebrations in July and share a short clip of the best bits of our party. Once again a huge thank you to all our clients, friends and […]

PRA introduces changes to Unvested Pay, Material Risk Takers and Public Appointments

by Victoria Smith|21 September 2022|Our Thinking

On 15 July 2022, the Prudential Regulation Authority (the “PRA”) published the Consultation Paper 8/22 (the “CP8/22”) proposing its expectations in relation to the instruments or claims which relate to unvested deferred sums awarded to Material Risk Takers (the “MRTs”) as a part of their variable pay. Particularly, the PRA considers cases whereby a change […]

International secondments at Cleveland & Co: Sydney

by Victoria Smith|16 September 2022|Our News

At Cleveland & Co, we offer all our employees the ability to live and work in another C&Co office location through our Secondment Programme. Antonia Manti was the first of our team members to take up this opportunity and has recently returned from her stay at our Sydney office. We sat down with Antonia to […]

FCA Appointed Representatives regime reminder: New Rules are coming soon

by Victoria Smith|15 September 2022|Templates & Guidance

As noted in our previous article, FCA Changes for Appointed Representatives, the Financial Conduct Authority (“FCA”) has confirmed new rules to improve oversight of Appointed Representatives (“AR”), which will take effect on 8 December 2022 (“New Rules”). The AR regime is set in primary legislation and allows unauthorised firms to engage in regulated activities without having to be […]

Her Majesty, Queen Elizabeth II: 1926 – 2022

by Victoria Smith|14 September 2022|Events

Today, Her Majesty, Queen Elizabeth II arrives at Westminster Abbey, London to lie in state. At Cleveland & Co, we pay tribute to The Queen for her more than 70 years as monarch. The Queen epitomised the values of integrity, consistency and resilience, having devoted her life to public service.

Cleveland & Co shortlisted for Financial Times Innovative Lawyers award!

by Victoria Smith|13 September 2022|Awards

We are thrilled to announce that we have been shortlisted at the upcoming Financial Times Innovative Lawyer Awards 2022, in the category of Business of Law: Challenging Traditional Models. This category shortlisting reflects the innovative nature of Cleveland & Co’s unique External In-house Counsel business model, which provides financial services firms with more flexible, efficient, […]

ASIC priorities for 2022-26: Corporate plan

by Victoria Smith|7 September 2022|Our Thinking

The Australian Securities and Investments Commission (“ASIC”), Australia’s corporate, markets, financial services, and consumer credit regulator, has released its Corporate Plan 2022-26 with a focus on the period of 2022-23 (“Corporate Plan 2022-26”). The Corporate Plan 2022-26 highlights the strategic priorities for the following four years, and the strategies to be used for the successful […]

FCA consults on broadening retail access to the long-term asset fund

by Victoria Smith|6 September 2022|Our Thinking

overview On 1 August 2022, the FCA published a Consultation Paper 22/14 (‘‘CP22/14’’) on broadening retail access to the Long-Term Asset Fund (“LTAF”). The Financial Conduct Authority (“FCA”) in CP22/14 proposes among others to broaden the distribution of the LTAF to retail investors in the UK, to increase the level of exposure some authorised retail […]

‘Meet the Team’, trainee cohort: Zara Todd

by Victoria Smith|2 September 2022|Our News

Our Q&As with our amazing trainee cohort continues and today, we are delighted to introduce you to Zara Todd who joined us initially as a paralegal and then was accepted on our trainee programme. We sat down with Zara to ask her a few questions about trainee life at Cleveland & Co. What made you […]