Press & media
News, views and comment - RPC in the media.
FCA imposes record low number of fines – down 75% since last year
The FCA has imposed just four fines so far this year, a record low, down 75% from 16 issued in the same period last year*, says RPC, the City-headquartered law firm.
Read moreRPC Comments on the Government's new Job Support Scheme
Commenting on the Government's new Job Support Scheme, Kelly Thomson, employment lawyer and partner at the law firm RPC said: "The Chancellor's new Job Support Scheme has a completely different emphasis to previous furlough schemes. Support will be available only for viable jobs. And viability will be determined by whether the work exists now (albeit on a reduced hours basis). If there is no work to be done now – even if the role may be viable in the future – the scheme will not assist."
Read moreWhistleblower reports to the FCA on ‘pressure selling’ jumped 23% last year
The number of whistleblower reports made to the Financial Conduct Authority (FCA) relating to ‘pressure selling’ jumped 23% to 58 last year*, up from 47 the year before, says RPC, the city-headquartered law firm.
Read moreRPC wins Luxury Deal of the Year at Luxury Law Awards 2020
Law firm RPC has been awarded Luxury Deal of the Year at the Luxury Law Awards 2020.
Read moreWhistle-blower reports to the ICO at record high in the last year – up 34%
The number of whistle-blower reports made to the Information Commissioner’s Office (ICO) about potential data breaches and the misuse of customer information by organisations* is at a record-high, jumping 34% to 427 in the last year, from 319 the previous year, says RPC, the City-headquartered law firm.
Read moreRPC advises long duration insurance investor Beat Capital Partners on its Strategic Partnership with Bain Capital Credit
Law firm RPC has supported a significant insurance transaction advising long duration insurance investor Beat Capital Partners in its strategic partnership with Bain Capital Credit, a leading global credit specialist.
Read moreRPC wins TMT Team of the Year at the Legal Business Awards 2020
Law firm RPC has been named Technology, Media and Telecommunications (TMT) Team of the Year at the Legal Business Awards 2020.
Read morePayments to informants increased by 63% in a year as HMRC cracks down on tax evasion
The amount of money paid to informants by HMRC jumped 63% in a year to reach £473,000 in 2019/20, up from £290,250 the previous year, says RPC, the City-headquartered law firm.
Read moreRPC advises luxury furniture retailer Timothy Oulton and the Halo Group on its acquisition of Sofa Workshop from DFS
Law firm RPC has closed the latest in a string of high-profile retail transactions, acting for Timothy Oulton and the Halo Group on its acquisition of the Sofa Workshop from well-known high-street brand DFS.
Read moreRPC joins Sustainable Recruitment Alliance
City headquartered law firm RPC has joined the launch of the Sustainable Recruitment Alliance, which encourages the UK graduate recruitment industry to find more sustainable ways of attracting early talent and reducing their carbon footprint.
Read moreHMRC withdrew more Accelerated Payment Notices than it issued last year
HMRC has been forced to withdraw more of its controversial Accelerated Payment Notices (APNs) than it issued last year says RPC, the City-headquartered law firm. HMRC withdrew 370 incorrectly issued APNs compared to just 220 that were issued in 2019/20.
Read moreRPC comments on ECJ's Schrems II judgment
The European Court of Justice has issued today a landmark data protection judgment that will cause a GDPR compliance headache for many companies in the UK and EU.
Read moreRPC comments on CAS decision regarding Man City/UEFA
Man City have won away in Europe today, after the The Court of Arbitration for Sport (the “CAS”) overturned the ban on City participating in the Champions League, and found that City had not breached FFP rules by apparently disguising equity funding as sponsorship contributions.
Read moreRPC signs Race Fairness Commitment
City-headquartered law firm RPC has signed the Race Fairness Commitment (RFC) in partnership with Rare, which aims to combat the career obstacles faced by Black and other ethnic minority lawyers.
Read moreRPC retains 92% of Trainees in latest UK intake
City-headquartered law firm RPC has retained 92% of UK Trainees who are set to qualify in September 2020, meaning 11 out of 12 trainees have secured NQ solicitor roles. The remaining trainee decided not to join the qualification process as she is pursuing a career outside of law.
Read moreComputers, Coronavirus and Collaboration
The power of AI can be seen in the world's response to global healthcare issues, most recently with Covid-19. But with great power comes great responsibility. In this article we look at why collaboration is key to minimising the risks whilst getting the best out of the opportunities offered by AI.
Read moreRPC appoints Oliver Bray as its new Senior Partner
The City-headquartered law firm RPC has appointed Oliver Bray as its new Senior Partner for a three-year term by the firm's partnership. The Senior Partner role at RPC includes supporting the firm's Managing Partner on partnership affairs.
Read moreRPC advises lead investor Mobeus Equity Partners on £4 million funding round for EdTech business MyTutor
City-based law firm RPC has acted for lead investor Mobeus Equity Partners LLP in connection with its latest investment into EdTech business MyTutor, one of the leading digital platforms in the UK tutoring market. Mobeus was lead investor in the £4m investment round, the proceeds of which will be used to support MyTutor's ambitious growth plans.
Read moreTerraLex hosts groundbreaking virtual global meeting proving nothing can stop the network from collaborating and working together
17 June 2020 – TerraLex, one of the largest global law firm networks with 163 member firms in 100 countries, is innovating to help members weather the storm of the pandemic and economic downturn.
Read moreRPC's Head of International Arbitration involved in launch of London Chamber of Arbitration and Mediation
With Covid-19 continuing to ensure an increasingly unpredictable environment in which to do business, London Chamber of Commerce and Industry has launched a new company to help firms resolve disputes.
Read moreThe new "normal" - transparency and flexibility in luxury commercial contracts
Current events have forced luxury brands' commercial arrangements into the spotlight like never before. Brands have had to flex, and quick – whether through changing their production to essential garments or hand sanitiser, cancelling a new product launch or season's collection or finding new ways to market such as livestream shopping (on Chinese commerce platforms like Tmall or Taobao Live). Luxury brands have also been forced to have honest and transparent conversations with their consumers and other stakeholders about their current challenges – whether announcing pay cuts for executives, profit warnings or closures of their sales outlets (such as stores, restaurants, bars) and of manufacturing/distribution centres.
Read moreHMRC ramps up use of new Account Freezing and Forfeiture orders to tackle suspected criminal activity
HM Revenue and Customs (HMRC) has ramped up its use of new Account Freezing Orders (AFOs) and Forfeiture Orders (FOs) to tackle suspected criminal behaviour, says RPC, the City-headquartered law firm.
Read moreCity-based law firm RPC comments on potential EFL club administrations
Following a statement by Damian Collins, former Chair of the Commons Select Committee, that up to 10 football clubs could go into administration within weeks, unless they receive an urgent and substantial government bailout.
Read moreRPC promotes 15 to partnership globally
Law firm RPC will be promoting 15 lawyers to its partnership in 2020, spanning a broad range of contentious and non-contentious practices in the UK and Asia.
Read moreRPC teams up with manufacturers by providing free legal advice on the production and distribution of personal protective equipment (PPE) to frontline NHS staff
RPC has advised Augment Bionics on legal issues in relation to producing and distributing face shields for NHS staff dealing with COVID-19.
Read moreDisputes Powerhouse RPC strengthens Team with senior hires for JLV in Singapore
International law firm RPC has hired three partners, Boey Swee Siang, Navin Joseph Lobo, and Lin Yuankai, to strengthen its disputes, regulatory compliance and investigations practice for its joint legal venture (JLV) RPC Premier Law in Singapore.
Read moreLaw firm RPC comments on ground-breaking trade mark referrals case Sky v Skykick
Today, Lord Justice Richard Arnold handed down a ground-breaking decision for trademark referrals in the UK High Court's case Sky v Skykick.
Read moreGovernment ban on winding-up petitions welcome step – but this needs to extend beyond 30th June deadline
Measures announced by Business Secretary, Alok Sharma to protect commercial tenants from aggressive debt recovery actions during the coronavirus crisis are a welcome step for retailers, says RPC, the City-headquartered law firm. Many retailers have seen a catastrophic drop in sales during the lock-down.
Read moreReports of market manipulation hit 822
822 reports of suspected market manipulation were made to the FCA last year (year end Dec 31 2019) by market participants, suggesting that the problem is far from being eradicated*, says RPC, the City-headquartered law firm.
Read moreRPC advises liquidators on the sale of the UK's oldest newspaper Jewish Chronicle to a consortium of new owners
City-law firm RPC have advised the liquidators on the sale of the UK newspaper Jewish Chronicle to a newly incorporated company, JC Acquisition Limited, established by a Consortium led by Sir Robbie Gibb, former Head of Communications at 10 Downing Street.
Read morePlacing a moratorium on winding-up petitions will protect retailers and help contain COVID-19 business interruption
Placing a moratorium on “petitions” to make retail businesses insolvent would protect retailers and help contain business interruption caused by COVID-19, says RPC, the City-headquartered law firm.
Read moreRPC advises on the sale of a majority stake in British luxury luggage brand Globe-Trotter to Oakley Capital
RPC has advised the owners of British luxury luggage brand Globe-Trotter on the sale of a majority stake to the private equity firm Oakley Capital. RPC acted as English counsel, supporting Japanese law firm southgate in its role as global deal counsel.
Read moreRPC advises leading metal processing company Metal Technology Co. Ltd on its acquisition of Sandvik Powder Solutions AB
RPC have advised Metal Technology Co. Ltd., a leading metal processing company headquartered in Tokyo, Japan, on the acquisition of Swedish based Sandvik Powder Solutions AB.
Read moreRPC boosts professional indemnity team with well-respected insurance partner hire
UK-headquartered law firm RPC has hired professional indemnity specialist Scott Ashby as Partner to join the firm's leading insurance team in Bristol. Scott joins from Beale & Co, where he acted for a wide variety of national and international firms, defending them against claims brought against lawyers and accountants. Scott joined RPC on 30 March 2020.
Read moreEnvironment Agency investigations into businesses increase 12% since 2018
The number of investigations into businesses launched by the Environment Agency increased by 12% from 5,518 in 2018 to 6,164 in 2019, says RPC, the City-based law firm.
Read moreRPC moves UK offices to remote working
International law firm RPC has asked all its people in the UK to work remotely, with immediate effect. The firm will keep its London and Bristol offices open and operational to ensure it can continue to offer the highest levels of service to its clients, but the vast majority of its people will be working away from RPC premises until further notice.
Read moreUK litigation funder “war chests” hit record high of £1.9bn – up 46% in a year
The value of court cases and cash directly held by UK litigation funders hit a record high of £1.9bn last year, up 46% from £1.3bn in 2017/18, says RPC, the City-headquartered law firm.
Read moreCity law firm RPC comments on UK Budget presentation - M&A, the Budget and Entrepreneurs' Relief – time to act?
Ahead of today's Budget announcement by the UK Chancellor Rishi Sunak, the city law firm RPC takes a look at its impact for business.
Read moreUnderstanding insurance megatrends
Emerging megatrends in a fast-changing world, increasingly impacted by climate change, pose testing challenges for the insurance industry.
Read moreHow will insurers respond to the growing challenge of social inflation?
‘Social inflation’ is becoming a major challenge for US insurers, and its effects may soon spread to the UK, says RPC, the City-based law firm at a seminar hosted in conjunction with their US partner firm, Hinshaw and Culbertson*.
Read moreFighting Financial Crime in the 2020s – Summary of discussion
The Centre for Legal Leadership and the law firm RPC were delighted to co-host a panel this morning on the topic of 'Fighting Financial Crime in the 2020s'. The panellists comprised Lisa Osofsky, Director of the Serious Fraud Office (SFO), Lord Garnier QC, the former Solicitor-General, and Amanda Pinto QC, Chair of the Bar Council of England & Wales.
Read moreAndy McGregor, Partner and Head of Civil Fraud at RPC, has been named in the Client Choice Awards 2020 as the winner in UK Litigation.
Andy has received high praise from long-standing clients, with one describing him as "an elegant litigator and leader". Others praised his "great experience, judgment and strategic acumen" and his "uncanny knack of working out exactly the best way to advance his client's case".
Read moreCoronavirus
Businesses and their insurers will be monitoring the Coronavirus outbreak with increasing concern. As the Chinese government switches to crisis mode and the UK government warns that the country is unlikely to escape a "rapidly developing" global outbreak, what are the risks for industry and their insurers?
Read moreRPC advises on purchase of Unika Group
RPC has advised US-based IPS Corporation on its purchase of Unika Group, a leading UK manufacturer of kitchen and flooring products and sealants.
Read moreDisputes over trade marks hit record high of 3,600 – up 21% last year
The number of challenges to trade mark applications hit a record high of 3,611 last year*, a rise of 21% from the 2,983 filed in the previous year, says City-headquartered law firm, RPC.
Read moreRPC advises Kudan on investment in tech company Artisense
RPC has advised Kudan Inc. on its highly complicated multi-jurisdictional investment and eventual acquisition of Artisense Corporation, a leading tech company specialising in artificial intelligence, founded in 2016 and headquartered in California with its main business based in Germany. Kudan now holds a 12% shareholding, to be followed in several stages by the purchase of the remaining shares.
Read moreRPC advises Comhar Capital on minority stake in The Lakes Distillery for £4.25m
RPC advised Comhar Capital on the £4.25 million investment in The Lakes Distillery, a Cumbrian-based whisky distiller.
Read moreRPC hires business restructuring partner to bolster restructuring and insolvency capabilities
City-headquartered law firm RPC has hired business restructuring partner Finella Fogarty to work across its disputes, commercial and corporate practice. She joins from DWF, where she was head of the firm's Business Restructuring practice, becoming partner in 2014 after joining from DLA Piper.
Read moreSix major global trends in insurance in 2020: RPC’s Annual Insurance Review
The fallout from protests such as Extinction Rebellion and the increasing popularity of ‘telemedicine’ – medicine over the internet – are just two of the major trends that are set to impact insurers in 2020, according to RPC, the City-headquartered law firm.
Read more48% rise in the value of fines issued to audit firms by the FRC – nearly £25m in 2019
There has been a 48% increase in the value of fines issued by the Financial Reporting Council (FRC) to audit firms in 2019. Fines issued to auditors have risen to £24.9m in 2019 (year to December 31) from £16.8m in 2018*, says RPC, the City-headquartered law firm.
Read moreStay connected and subscribe to our latest insights and views
Subscribe Here