by Leela | 2019-05-01 | Industry News
The Court of Appeal (the “Court”) held that the word “shall” did not automatically create a contractual obligation. The word “shall” is regularly used in everyday commercial contracts to impose a contractual obligation on a party to perform or refrain from performing...
by Leela | 2019-04-18 | Industry News
On 17 April 2019, the FCA released its business plan for 2019/20 covering some of the following cross-sector priorities: EU withdrawal and international engagements; firms’ culture and governance; operational resilience; financial crime & AML; and innovation and...
by Leela | 2019-04-17 | Our Thinking
Following on from our series of newsletters on Brexit updates and no deal preparation, in this newsletter we look in detail at how Spain and Poland are preparing for a no deal scenario. For a brief summary, please see below: SPAIN The fundamental provision is that...
by Leela | 2019-04-12 | Awards, Our News, Us in the Press
We are thrilled to announce that we have been shortlisted for the Training Innovation Award for the Legal Week Innovation Awards 2019! The awards celebrate outstanding achievement and leading in innovation in the legal profession. Click here to read...
by Leela | 2019-04-04 | Industry News, Our News, Us in the Press
Our Managing Director, Emma, was recently quoted in an Ignites Europe article talking about UK firms falling behind on senior managers regime implementation and how some firms are parking SMCR to the Summer so they can focus on Brexit preparations. Click here to...
by Leela | 2019-03-29 | Our Thinking
Following on from our series of newsletters on recent Brexit updates and no deal preparations, in this newsletter we look at the todays developments in the British Parliament as well as looking at the updated Memoranda of Understanding signed between the FCA and the...
by Leela | 2019-03-28 | Industry News
Below we set out recent developments in the cryptoasset space that we think may be of interest. A NEED FOR REGULATION 2018 was a year of international scrutiny for digital currencies. As regulators around the globe wake up to the potential dangers posed by new...
by Leela | 2019-03-22 | Industry News
The recent case of Lehman Brothers Finance AG (in liquidation) (“LBF”) v Klaus Tschira Stiftung GmbH and Dr H C Tschira Beteiligungs GmbH & Co KG (the “Tschira Parties”)[2019] draws attention to the issue of the amount of discretion a non-defaulting party has when...
by Leela | 2019-03-15 | Our News
To get to know Leela a little bit more we asked her some quick fire questions: 1. What do you like most about working at Cleveland & Co? There are so many things – the team, great clients, and being able to wear comfy clothes every day! 2. What has...
by Leela | 2019-03-15 | Industry News
The Financial Conduct Authority (“FCA”) confirmed in its Policy Statement PS 19/8 published on 12 March 2019 that the Financial Ombudsman Service (“FOS”) will soon be able to require financial services firms to pay double the current amount of compensation to...
