Author Archives: Francesca Palmer

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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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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Hopes for recognition in the EU dashed? 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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A post-Brexit guide to UK-Swiss disputes

The Brexit transition period ended on December 31, 2020 (“Exit Day”)[i]. Since January 1, 2021, the Courts of England and Wales are no longer covered by the EU rules for establishing jurisdiction and for mutual recognition and enforcement of judgments …

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How to take steps to offset climate litigation risks

Heightened public interest and concern for environmental issues creates opportunities for businesses, including financial services firms, looking to align themselves with that sentiment. Environmental, social and governance (ESG) investing has grown exponentially recently, and a range of funds and financial …

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Corporate residence of subsidiaries: Court of Appeal decision provides more questions than answers

Though the CA judges unanimously agreed that the UT’s reasons for overturning the FTT decision were flawed, the judges disagreed on whether the FTT decision might have been wrong for other reasons – an issue that was strictly out of …

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