Planning, localism and the new economy | Berwin Leighton Paisner

Legal Briefing

The Localism Bill, which is now going through Parliament, has been highlighted by the government as a driver of housing supply improvement and sorely needed growth in the regions independent of financial wizardry. There has been much comment recently about whether localism will take us to the right place and really generate growth.

Beware: unprinted e-mail could prompt stamp duty in Austria | Wolf Theiss

Legal Briefing

A peculiarity in austrian law is the Austrian Stamp Duty Act (GebG). The Act contains a list of agreements, such as suretyships, settlement agreements, assignments of rights and rental agreements, which are subject to stamp duty if a ‘written deed’ is executed in Austria, or if any link to Austria exists. However, the Act itself …

ISDA Master Agreement – “probably the most important standard market agreement used in the financial world” | Macfarlanes

Legal Briefing

In the recent Lomas & Ors v JFB Firth Rixson Inc & ors [2010], the joint administrators (the administrators) of Lehman Brothers International (Europe) (LBIE) applied for directions as to the true meaning and effect of certain terms under interest rate swap agreements (the swaps), governed by the International Swaps & Derivatives Association (ISDA) Master …

Make no mistake: High Court refuses to rectify erroneous contract | Edwards Wildman Palmer UK LLP

Legal Briefing

Where a contract is formed on the basis of a mistake as to the law or certain facts, the contract can potentially be deemed void from its inception. In certain circumstances, however, the court has the authority to remedy the mistakes, by construing the contract in a way that will correct the mistakes, or by …

BSkyB / News Corp and Ryanair / Aer Lingus: The Long-Reach of UK Merger Control | Charles Russell Speechlys

Legal Briefing

Two recent high-profile cases involving BSkyB/News Corporation and Ryanair/Aer Lingus have highlighted the importance of the merger control rules. These cases have also demonstrated the extensive scope and potential flexibility of the UK merger control regime and why anyone considering the acquisition of even a minority stake in a business may need to consider competition …

UAE investment funds: proposed regulations | Baker & McKenzie Habib Al Mulla

Legal Briefing

On 6 January 2011 The Emirates Securities and Commodities Authority (ESCA) released a new draft regulation on investment funds in the UAE (the Regulation) for public consultation. The deadline for submitting comments or responses to ESCA is now closed, and it is expected that the Regulation will soon be discussed and approved by ESCA. It …

How does insurance respond in times of social and political upheaval? | Holman Fenwick Willan

Legal Briefing

With much of the Arab world going through political and social upheaval, oil and commodity prices rising sharply, and sky-rocketing food prices putting much of the world’s population back into extreme poverty, the risk of increased civil unrest occurring across the globe is a real possibility. In anticipation of such an event, multinational companies need …

Data law and the ‘data-centric world’ | Kemp Little

Legal Briefing

This is Kemp Little’s first contribution to In-House Lawyer, and the firm is delighted to be involved in the IT, telecommunications and outsourcing area. The first topic, which the firm anticipates returning to in further editions this year, is data law and the ‘data-centric world’.

Major developments in UK nuclear liability legislation | Burges Salmon

Legal Briefing

Substantial changes to current legislation governing nuclear liability in the UK are afoot, following the recent release of the government’s public consultation ‘Implementation of changes to the Paris and Brussels Conventions on nuclear third party liability’ in January (the consultation). The proposed amendments are significant and will impact throughout the nuclear sector, from those involved …

Is the UK a desirable holding company location? | Watson Farley & Williams

Legal Briefing

Various corporate groups have recently relocated or announced that they are considering relocating their holding companies from the UK to places such as Switzerland and Ireland. Talk of tax moves has become common place. Does this mean the UK is an undesirable place to base a global corporate group’s operations? This article suggests that the …