by Emma Cleveland|19 April 2018|Industry News
The Court of Appeal considered the circumstances where a parent company can be held liable for the acts of its subsidiaries in the judgement Okpabi and others (on behalf of themselves and the people of Ogale Community) v Royal Dutch Shell Plc and another [2018] EWCA Civ 191 (the “Judgement”). In particular, the Judgement considered […]
Read moreby Emma Cleveland|18 April 2018|Awards
We are very proud to announce that we have been shortlisted for a Legal Week Innovation Award in the category, ABS Innovation. The Legal Week Innovation Awards celebrate outstanding innovative achievement within legal services and recognise firms that undertake precedent-setting projects and initiatives. The awards will take place on Friday 25 May and we will, of course, […]
Read moreby Emma Cleveland|15 April 2018|Our Thinking
On 5 December 2017, the Financial Reporting Council published a consultation document on its proposals for a ‘shorter and sharper’ revised UK Corporate Governance Code. The UK Corporate Governance Code sets out the standards of good practice for companies in relation to: board leadership and effectiveness; remuneration; accountability; and relations with shareholders. Please click below […]
Read moreby Emma Cleveland|12 April 2018|Our Thinking
The Financial Conduct Authority (“FCA”) has recently published a consultation paper and policy statement regarding the findings of the Asset Management Market Study (“AMMS”). This Guide outlines the remedies and outcomes from changes to the FCA Handbook through: the Policy Statement (“PS18/8”); and the Consultation Paper (“CP18/9”). The new policy contained with the PS18/8 applies […]
Read moreby Emma Cleveland|3 April 2018|Industry News
On 6 December 2017, the Government published the UK Investment Management Strategy II report (the “Report”), which lays out the strategy and long term approach to build on the competitiveness of the UK asset management industry that will inform future government policy for the asset management industry. This Report updates and builds on the original […]
Read moreby Emma Cleveland|28 March 2018|Industry News
The FCA has launched a survey for relevant firms and fund managers of EEA inbound firms that passport into the UK (the “Survey”). EEA inbound firms are those who have been authorised in an EEA state that are or have been exercising their right to carry on a regulated activity in the UK. An authorised […]
Read moreby Emma Cleveland|24 March 2018|Our Thinking
Our key cases glance card contains practical take away points and drafting tips from some of the most notable cases of 2017 in regards to commercial contracts. Please click below to access it:
Read moreby Emma Cleveland|22 March 2018|Our News
We are looking to expand our team and have two exciting opportunities: Senior US qualified lawyer Senior lawyer (dual-qualification preferred, but not essential) Experience We are looking for candidates with in-house experience and an excellent knowledge of at least three of the following: investment advisory agreements; trading documentation; custody; administration; mutual funds; private equity funds; […]
Read moreby Emma Cleveland|21 March 2018|Industry News
UCTA Under the Unfair Contract Terms Act 1977 (“UCTA”), when a party to a business to business (“B2B”) contract deals on its“written standard terms of business”, any term which seeks to limit or exclude that party’s liability for breach of contract, non-performance or performance substantially different from that reasonably expected, must pass the test of […]
Read moreby Emma Cleveland|16 March 2018|Our Thinking
The International Organization of Securities Commissions has published two final reports: Recommendations for liquidity risk management (“LRM”) for Collective Investment Schemes (“CIS”); and Open-ended Fund Liquidity and Risk Management – Good Practices and Issues for Consideration. These contain recommendations that: seek to improve LRM practices of open-ended CIS as part of its mission to protect investors, […]
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