Can international law firm regulation keep up with the seismic legal market changes? It won’t be easy. Law is a global practice and yet its regulation is mostly domestic. There are international codes of practice such as those promulgated by the International Bar Association, but they say little about international practice and more about the […]
DLA Piper is planning to ringfence management pay among its sector and group in a bid to increase fee-earning levels amongst its senior lawyers. The move is understood to be aimed at quelling partner discontent over the number of non-fee earning managers at the firm. The plan is expected to be aired at the DLA’s […]
LB Islington is the latest in the line of cases challenging cuts to services as a result of the straitened circumstances in which public bodies now find themselves. Here, Wragge & Co outlines the background to the case and the court’s decision and provides a comment on its impact for public bodies. In July 2013, the second […]
The Court of Appeal case of RWE Npower Renewables Ltd v J N Bentley Ltd [2014] EWCA Civ 150 acts as a reminder to draftsman not to place too much reliance on these clauses and highlights the risks when all contractual documents are not properly reviewed before finalising agreements. RWE engaged Bentley to carry out civil engineering […]
In January 2014, the FCA issued guidance on proportionality in the operation of certain remuneration provisions. The remuneration provisions have been among the Alternative Investment Fund Managers Directive’s (AIFMD’s) most controversial elements. Three of these provisions in particular have attracted industry attention: retained structures, deferral and performance adjustment. Subject to various conditions, the retained structures rules […]
In February 2014, the European Securities and Markets Authority (ESMA) published a question-and-answer (Q&A) document regarding the application of the Alternative Investment Fund Managers Directive (AIFMD). This Q&A should not be confused with the answers that the European Commission has issued to questions received by it relating to the transposition of the AIFMD. ESMA’s Q&As are chiefly […]
The Court of Appeal has reinforced the position that the primary liability to pay under a performance bond is entirely separate from the relationship between the parties to the underlying contract. The case in question was the Court of Appeal hearing of the Wuhan Guoyu Logistics Group v Emporiki Bank of Greece [2013] EWCA Civ 1679. The […]
In a significant decision by the Supreme Court, a representor has been held liable for its negligent misrepresentation to another party other than the party that was later induced to conclude the contract. A negligent misrepresentation is an untrue statement of fact or law made by Party A that induces Party B to enter into […]
Gateley’s Manchester corporate team has advised on a recent deal that saw oncology business Incanthera acquire University of Salford drug discovery spin-out Onco-NX. Both businesses will now combine their skills to develop a new therapeutics pipeline for anti-cancer drugs. Incanthera has developed a therapy that selectively targets solid tumours without harming healthy cells, while Onco-NX […]
By Richard Willcox The Court of Appeal has held that a purchaser who obtains part of a property that has the benefit of a right of way must assume the burden of contribution to that right of way, appropriate to the part of the property that he has acquired. Dobson Park Properties Ltd (DPPL) owned […]
By Matthew Stimson Further changes were made to the Community Infrastructure Levy Regulations 2010 (CIL Regulations) on 24 February 2014. They present opportunities for developers to better manage their CIL liability, but also add new complexities with which developers and local authorities will need to grapple. The Community Infrastructure Levy (Amendment) Regulations 2014 address a […]
A survey conducted by Gateley over a one-month period has revealed that 60 per cent of people do not fully understand how the points-based immigration system works — with the greatest knowledge gap being in Manchester (87 per cent). The research was carried out among HR managers in London, the north west and the Midlands. The […]