Author Archives: Alice Heathfield

Competing LIBOR Transition Proposals Create More Problems

Posted on September 24, 2020 by Alice Heathfield

As the Dec. 31, 2021, end date for Libor approaches, it is becoming increasingly apparent that it will not be possible for market participants to amend all legacy contracts to add Libor fallback provisions or replace or ameliorate problematic fallback …

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CORONAVIRUS UPDATE: Working From Home (again)

Posted on September 23, 2020 by Alice Heathfield

According to the Office of National Statistics, on 13 September, the number of people travelling into the workplace was more than triple those working from home (62% and 20% respectively). Before August the number of people travelling to work and …

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Collyer Bristow ranked as Top Law Firm by EPrivate Client

Posted on September 21, 2020 by Alice Heathfield

We are delighted to announce that Collyer Bristow has been ranked as a leading law firm in EPrivate Client’s 2020 listing, published today. This annual publication contains a detailed ranking of the best private client legal teams working in the …

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Commercial Court provides guidance on ISDA swap claim for negative declaratory relief

Posted on September 17, 2020 by Alice Heathfield

On 11 September 2020, Mrs Justice Cockerill handed down an important judgment ([2020] EWHC 2436 (Comm)) providing guidance on the Courts’ approach to a claim for declaratory relief (including negative declarations) in relation to an interest rate swap subject to …

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New LCIA Arbitration Rules: In force on 1 October 2020

Posted on September 16, 2020 by Alice Heathfield

(1) Case Management Powers Enabling Expedition The 2014 version of the LCIA Arbitration Rules made clear that the tribunal has “the widest discretion to discharge [its] general duties” and that “the Arbitral Tribunal may, subject to the LCIA Rules, make …

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Agency Workers Regulations: Is your business compliant?

Posted on August 28, 2020 by Alice Heathfield

The government has recently introduced changes to the regime affecting the rights and entitlements of agency workers which have significant implications for those businesses who employ agency workers. The government commissioned The Taylor Review of Modern Working Practices with the …

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UK Sanctions – the start of a new era

Posted on August 28, 2020 by Alice Heathfield

UK Sanctions Post-Transition Period After the Brexit transition period (which ends at 11pm on 31 December 2020), EU sanctions will no longer apply in the UK.  The UK’s various sanctions regimes will come into force in their place under the …

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HMRC and furlough fraud

Posted on August 25, 2020 by Alice Heathfield

The Coronavirus Job Retention Scheme (Scheme) has supported over nine million jobs in the UK and is due to end on 31 October 2020, having cost the Treasury over £30 billion. As the Scheme begins to wind down HMRC is …

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Another crypto-sham or simply a failed start-up?

Posted on August 21, 2020 by Alice Heathfield

On 28 July 2020, the High Court upheld a worldwide freezing injunction in a case of alleged investment fraud involving a Blockchain company and large volumes of crypto-assets. In the case of Blockchain Optimization S.A. and Petrochemical Logistics Ltd v …

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Beware the return of the Crown Preference

Posted on August 21, 2020 by Alice Heathfield

The Finance Act 2020, which received Royal Assent on 22 July 2020, will partially restore HMRC’s position as a preferred creditor in insolvencies from 1 December 2020. Crown Preference was abolished in 2002, leaving HMRC to rank equally with unsecured …

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