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Corporate governance for large private companies

Published on 14 Oct 2019. By Nneka Ezekude, Trainee Solicitor

For financial years beginning on or after 1 January 2019, large private companies will need to adhere to the requirements contained in a new corporate governance code published by the Financial Reporting Council. The introduction of the new code followed multiple scandals which revealed poor corporate practices and neglect of stakeholders' interests. As a result, the code seeks to rebuild confidence and trust in these large private companies.

Football, the beautiful investment game?

Published on 17 Sep 2019.

Another football season is upon us and we dream of silverware to be won. However, planning for the next transfer window begins almost immediately for those clubs listed on a stock market. There are opportunities to increase their share price through new signings, managers and sponsorship deals.

'Green Finance' enters the mainstream

Published on 25 Jun 2019. By Edward Colville, Partner

With the UK's recent commitment to cut emissions to net zero by 2050, the financial sector is looking to 'green finance' to encourage investment in sustainable and environmentally-friendly businesses. Recent examples, like Nokia's €1.5 billion credit facility announced last week, show that environmental impact is becoming a key consideration for lenders and borrowers.

National Security and Investment – the EU's response

Published on 07 Jun 2019. By Tim Anderson, Partner and Neil Brown, Partner

National security concerns regarding Huawei continue to make headlines around the world, against the backdrop of an ongoing US / Chinese trade war. This blog looks at new EU rules on foreign investments which raise security or public order concerns.

Stamp duty land tax (SDLT) avoidance and corporate property deals – the importance of timing!

Published on 21 May 2019. By Ben Roberts, Partner

The First-Tier Tribunal has, in a recent decision, caused something of a stir for clients and advisors familiar with the well-trodden (and, usually, tax-efficient) use of offshore unit trusts to hold UK property.

More than you bargained for: the implied duty of good faith

Published on 26 Apr 2019. By David Wallis, Partner and Neil Brown, Partner

The recent High Court decision in Bates v. Post Office (No. 3) confirms a general principle that if a contract is a "relational" contract then it will include an implied obligation of good faith. Previously, there had been doubt whether such a general principle exists, as historically this was not an approach recognised by the English courts.

Derivative transactions – the obligation to report

Published on 25 Apr 2019. By Edward Colville, Partner

As the recent £34.9m fine for Goldman Sachs shows, the FCA takes the obligation to report derivative transactions seriously. How does this affect parties who trade infrequently, and what changes to the reporting requirement can we expect post-Brexit?

Brexit delay prolongs uncertainty for insurers

Published on 12 Apr 2019. By Neil Brown, Partner

Yesterday's announcement of Halloween as the new deadline for Brexit will prolong uncertainty for many UK insurers.

UK property – big tax changes for non-UK residents

Published on 05 Apr 2019. By Ben Roberts, Partner

From 6 April 2019, all gains from UK real estate realised on disposal by non-residents, whether residential or commercial property and whether by way of direct or "indirect" disposal, will be subject to UK capital gains tax or corporation tax.

A licence to kill... a licence

Published on 11 Mar 2019. By Tim Anderson, Partner

In the second of a number of short articles we are producing in relation to businesses in the tech space, we will be discussing a real life example of what not to do when diligencing a tech company and its third party IP licence agreements.

Part Three: Five practical implications of side letters and most favoured nations clauses for fund investors and managers

Published on 15 Feb 2019.

In this third and final part of our series on side letters and most favoured nation (MFN) clauses in private equity funds, we examine five practical implications for investors and managers.

Part Two: Side letters and fundraising

Published on 28 Jan 2019.

In this second of a three part series, we look more closely at side letters and most favoured nation (MFN) clauses in the private equity space.

Part One: Overview of side letters & MFNs when investing in private equity funds

Published on 14 Jan 2019.

In the first of a three part series we consider the importance of side letters and most favoured nations (MFN) clauses in private equity funds.

New regulations to permit assignment of receivables under commercial contracts now in force

Published on 11 Jan 2019. By Edward Colville, Partner

After more than four years of consultation, draft regulations and revisions, the Business Contract Terms (Assignment of Receivables) Regulations 2018 (the Regulations) have now taken effect, and apply to all relevant contracts entered into on or after 31 December 2018.

Huawei and UK National Security - A new technology cold war?

Published on 11 Dec 2018. By Neil Brown, Partner and Charles Buckworth, Partner

Chinese technology giant, Huawei, has been making plenty of headlines recently. First, a number of Western governments (including the US, Australia and New Zealand) have banned Huawei equipment from being used in 5G networks, citing national security concerns. Next, Huawei's CFO was arrested in Canada in connection with alleged breaches of international sanctions.

Budget 2018 – 10 key business tax takeaways

Published on 08 Nov 2018. By Ben Roberts, Partner

Something out of the ordinary (share capital)

Published on 05 Nov 2018. By Ben Roberts, Partner

The term ordinary share capital is widely used in UK tax provisions. While the term has a statutory definition a recent table by the Chartered Institute of Taxation shows how HMRC has interpreted it in practice.

Tech talent: To purchase or to hire…that is the question

Published on 02 Nov 2018.

When acquiring tech companies & their human talent, there are some key considerations that buyers should take into account when formulating their M&A strategy

Drafting: you do the maths

Published on 01 Nov 2018. By Neil Brown, Partner

Chartbrook v. Persimmon provides a good example of why contracts can benefit from worked mathematical formulae to aid courts in interpreting key contractual clauses.

Managing expectations: key considerations for early stage start-ups and their investors

Published on 30 Oct 2018.

Peter Sugden discusses "good leaver / bad leaver" provisions in early-stage venture capital investment to help explain key terms for start-up business.

Annual insurance review 2024

Published on 11 Jan 2024. By Simon Laird, Global Head of Insurance and Robert Morris, Partner and Toby Higginson, Partner and Co-head of Clients and Markets (Insurance)

Hello and welcome to RPC's Annual insurance review – a look back at the events that shaped the insurance market in 2023 and a look forward towards what to expect in 2024.

Annual Insurance Review 2023: USA

Published on 12 Jan 2023.

In this chapter of our Annual Insurance Review 2023, we look at the main developments in 2022 and expected issues in 2023 for the USA.

Annual Insurance Review 2022

Published on 10 Jan 2022.

Welcome to RPC's 2022 annual insurance review – a look back at the events that shaped the insurance market in 2021 and a look forward towards what to expect in 2022.

Annual Insurance Review 2021

Published on 14 Jan 2021.

Welcome to RPC's 2021 annual insurance review. No prizes for guessing what we will be talking about this year.

Annual Insurance Review 2020

Published on 08 Jan 2020. By Simon Laird, Global Head of Insurance and Robert Morris, Partner

Hello and welcome to the 2020 edition of RPC’s annual insurance review. Here you will find updates from our experts across a whole range of business classes as well as from around the world. In the articles that follow you will be able to read our take on key issues that have impacted your market in the year gone – and our thoughts on the issues likely to affect you in the year to come.

Technology and cyber

Published on 08 Jan 2020. By Bethan Griffiths, Senior Associate

In this chapter of our Annual Insurance Review 2020, we look at the main developments in 2019 and expected issues in 2020 for technology and cyber.

Regulatory

Published on 08 Jan 2020. By Lauren Murphy, Senior Associate

In this chapter of our Annual Insurance Review 2020, we look at the main developments in 2019 and expected issues in 2020 for regulatory.

Marine and shipping

Published on 08 Jan 2020. By William Jones, Of Counsel and Toby Savage, Partner

In this chapter of our Annual Insurance Review 2020, we look at the main developments in 2019 and expected issues in 2020 for marine and shipping.

Annual Insurance Review 2019

Published on 21 Jan 2019. By Simon Laird, Global Head of Insurance and Robert Morris, Partner

Welcome to RPC’s Annual Insurance Review

Annual Insurance Review 2018

Published on 17 Jan 2018.

Welcome to RPC’s Annual Insurance Review for 2018.

Annual Insurance Review 2018: Accountants

Published on 17 Jan 2018.

In this chapter of our Annual Insurance Review 2018, we look at the main developments in 2017 and expected issues in 2018 for accountants.

Annual Insurance Review 2017

Published on 09 Jan 2017. By Simon Laird, Global Head of Insurance

Last year we identified the standout insurance law event of 2015 as the impending introduction of the Insurance Act 2015. Little did we anticipate the tumultuous events of 2016 that would shake up the global economic markets as a whole.

Annual Insurance Review 2016

Published on 08 Jan 2016.

Landmark insurance law reform and market consolidation

Annual Insurance Review 2014

Published on 16 Jan 2015.

Landmark insurance law reform and dealing with economic recovery which remains gradual

A look at the Piper Alpha disaster (With John Lane)

Published on 22 Jan 2025.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by John Lane, and they discuss the Piper Alpha disaster of 1988.

RPC Premier Law recognised across six areas in The Legal 500 Asia-Pacific 2025

Published on 15 Jan 2025. By Iain Anderson, Partner and Carmel Green, Partner and Kenneth Leong, Partner and Navin Joseph Lobo, Partner, Head of Singapore office

RPC, a law firm deeply invested in client ambitions and commercial success, is proud to be recognised once again in The Legal 500 Asia-Pacific 2025 guide for Singapore, securing a host of new and improved rankings for 2025.

A guide to buying and selling English residential property

Published on 14 Jan 2025. By Elizabeth Alibhai, Partner and Sukh Ahark, Partner, Co-head of India Practice and Ben Roberts, Partner and Jon Ely, Partner and Arash Rajai, Partner

We are seeing increased positivity in the English residential property market. In 2024, inflation reached the Bank of England’s 2% target, down from 11.1% in 2022, which was a significant factor in the return of consumer confidence and economic growth. Mortgage rates are falling slightly with approval rates at their highest level since 2022 as buyers continue to respond to increased certainty post-election. Property values are again on the rise while demand continues to outstrip supply.

ML Covered - January 2025

Published on 10 Jan 2025. By Matthew Watson, Partner and Rachael Healey, Partner and Kim Wright, Senior Associate and Zoe Melegari, Senior Associate and Andrew Oberholzer, Senior Associate and Charlotte Bray, Associate

As we welcome the New Year, we are pleased to share our latest version of ML Covered, our monthly round-up of key events relevant to those dealing with Management Liability Policies covering D&O, EPL and PTL-type risks.

Money Covered: The Week That Was – 10 January 2025

Published on 10 Jan 2025. By Rachael Healey, Partner and Robert Morris, Partner and David Allinson, Partner and George Smith, Partner and Matthew Watson, Partner

Welcome to The Week That Was, a round-up of key events in the financial services sector over the last seven days.

FOS complaints on the rise – is enough being done?

Published on 07 Jan 2025. By David Allinson, Partner and Damien O'Malley, Associate

The Financial Ombudsman Service (FOS) has recently published its yearly complaint data, revealing that complaints regarding fraud, scams, current accounts and credit cards between July and September 2024 hit record levels, rising more than 50% compared to the same period in 2023. The data provides a breakdown of the areas where complaints appear to have increased the most.

PRA demands crypto data

Published on 30 Dec 2024. By James Wickes, Partner and Sally Lord, Knowledge Lawyer Manager

Firms face new compliance challenge

The insurance of Christmas

Published on 17 Dec 2024.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this special Christmas episode Peter is joined by an ensemble cast of insurance experts to discuss the insurance of the core elements of Christmas, from the tree and the presents under it, to the turkey and wine enjoyed at the dinner table.

Lessons from on high revisited: What does the recent International Entertainment Holdings coverage decision teach us about the approach to mistakes in insurance policies previously explored in George on High?

Published on 13 Dec 2024. By Victoria Sherratt, Partner and James Adams, Senior Associate and Aimee Talbot, Knowledge Lawyer

How should an insurance policy be applied when something goes wrong with the drafting of its terms? This article considers two recent cases with contrasting outcomes in which this question was explored, namely George on High Ltd & Anor v Alan Boswell Insurance Brokers Ltd & Anor [2023] EWHC 1963 (GOH v Alan Boswell) and International Entertainment Holdings & Others v Allianz Insurance PLC [2024] EWHC 124 (Comm) (IEH v Allianz).

Chambers Asia Pacific recommends RPC Premier Law in three categories

Published on 12 Dec 2024. By Iain Anderson, Partner and Carmel Green, Partner and Kenneth Leong, Partner

RPC Premier Law has maintained its rankings as a top firm in Band 1 for Insurance and Band 4 for Shipping: International: Litigation.

ML Covered - December 2024

Published on 06 Dec 2024. By Matthew Watson, Partner and Rachael Healey, Partner and Kim Wright, Senior Associate and Zoe Melegari, Senior Associate and Andrew Oberholzer, Senior Associate and Charlotte Bray, Associate

Welcome to the December edition of ML Covered, our monthly round-up of key events that are relevant for those dealing with Management Liability Policies covering D&O, EPL and PTL-type risks.

Insurance Bulletin - Hong Kong, Autumn 2024

Published on 04 Dec 2024. By Andrew Carpenter, Partner and Beverly Yee, Senior Associate and Heidi Ng, Associate

Money Covered: The Week That Was – 22 November 2024

Published on 22 Nov 2024. By Rachael Healey, Partner and Robert Morris, Partner and David Allinson, Partner and George Smith, Partner and Matthew Watson, Partner

Welcome to The Week That Was, a round-up of key events in the financial services sector over the last seven days.

Is an insurer responsible for 'the same damage' as its insured?

Published on 19 Nov 2024. By Will Sefton, Partner and Head of the Lawyers Liability and Regulatory Group and Richard Seymour, Associate

Same Damage and Third Party Rights: unpacking Riedweg v HCC and the 2010 Act

The new Lithium-Ion Battery Safety Bill: where are we with legislation governing lithium-ion battery safety?

Published on 04 Nov 2024. By Jithma Rukunayake, Senior Associate and Andrew Roper, Partner and Aimee Talbot, Knowledge Lawyer

The new Lithium-Ion Battery Safety Bill underwent its first reading on 6 September 2024. We explain the aims of the bill and consider how it fits with the proposed Product Safety and Metrology Bill.

Money Covered: The Week That Was - 1 November

Published on 01 Nov 2024. By Rachael Healey, Partner and Robert Morris, Partner and David Allinson, Partner and George Smith, Partner

Welcome to The Week That Was, a round-up of key events in the financial services sector over the last seven days.