Yearly Archives: 2021

Credit Suisse overhauls management as it takes $4.7 billion hit on Archegos

“The removal of Credit Suisse’s top risk and compliance officer as a result of losses incurred by trades with Archegos Capital Management raises serious questions as to whether banks have sufficiently learnt lessons from the financial crisis and whether regulatory …

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Laurence Fox sued for defamation over ‘paedophile’ tweets

“In order to sue for libel you need to show evidence of serious harm to your reputation. This may not be possible if the allegation is not taken seriously by members of the public or is considered to be trivial. …

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ENGLISH HIGH COURT STAYS COURT PROCEEDINGS IN FAVOUR OF ARBITRATION

The court granted a stay of proceedings under section 9 of the Arbitration Act 1996, finding a reference to “court” in the underlying contract to be a reference to the London Court of International Arbitration. The case is a reminder …

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Buying a Private Jet: Jet Management

Head of Collyer Bristow’s Luxury Assets team, Howard Ricklow is joined by TAG Aviation’s UK Sales Director, Karl Mills to discuss the various factors to consider in the management of your private jet. From recruiting pilots to maintaining your jet, …

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Visa & Paypal announce changes supporting cryptocurrency transactions

There have been two very important announcements in the digital assets space made over the past 24 hours: Firstly, owing to increasing demand from consumers, Visa will soon allow transactions to be settled in the cryptocurrency USD Coin (USDC). Traditionally, …

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When the subsidies move out, private equity moves in

Governments are running out of money. There is no magic money tree, and it is obvious that soon the support that has been provided to prop up struggling businesses during the Covid-19 pandemic will start to taper away. Businesses that …

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Ministry of Justice releases its Quarterly Family Court Statistics

“As predicted, Lockdown has led to an increase (5%) in the number of divorce cases started in the last quarter of 2020. This is not, though,  quite the catastrophic rise predicted by some, with many couples probably holding off from …

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‘Tax Day’ – government continues its campaign to tackle non-compliance

Promoters of tax avoidance schemes HM Treasury’s reminder that the so-called “tax gap” is at a record low of 4.7% (of which tax avoidance only counts for £1.7bn – approximately 5.5% of the total) is timely and welcome.  HMRC has …

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Restructuring Plans under Part 26A of the Companies Act 2006 are insolvency proceedings under the Lugano Convention

Restructuring Plans Restructuring Plans were inserted into the Companies Act 2006 last year by the Corporate Insolvency and Governance Act 2020. They are based on schemes of arrangement (under Part 26 of the Companies Act), which were already in existence. …

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The NFT revolution in the covid-era

Non-fungible tokens (NFTs) have been around for a while, but in the Covid-era as more cultural experiences are migrating online, we are now seeing a far greater take-up amongst ordinary consumers. In simple terms, an NFT represents provable ownership rights …

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