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Football club investment deals up more than a quarter in last year

Published on 04 Dec 2023. By Joshua Charalambous, Partner

Investors seeking to make immediate impact with capital for stadia, training facilities and infrastructure key Highly-anticipated Manchester Utd deal latest move in multi-sport structures

Arresting times: Significant changes to UK corporate criminal liability and corporate transparency

Published on 04 Dec 2023. By Karen Hendy, Partner, Head of Corporate

The Economic Crime and Corporate Transparency Bill (the Bill) is set to overhaul the existing corporate criminal liability and corporate transparency regimes.

Take 10 - 4 December 2023

Published on 04 Dec 2023. By Keith Mathieson, Partner and Rupert Cowper-Coles , Partner and Alex Wilson, Partner and Samantha Thompson, Senior Associate and Nadia Tymkiw, Senior Associate and Mafruhdha Miah, Senior Associate and Alex Pollock, Associate and Thomas Otter , Associate

Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.

UT dismisses HMRC's appeal and upholds decision in relation to private residence relief

Published on 01 Dec 2023. By Alexis Armitage, Senior Associate

The Week That Was - 1 December 2023

Published on 01 Dec 2023. By Alan Stone, Partner and Ben Goodier, Partner and Alexandra Anderson, Partner and Tom Green, Partner and Katharine Cusack, Partner and Zoe Eastell, Partner and Felicity Strong, Partner and Peter Mansfield, Partner and Arash Rajai, Partner and Sarah O'Callaghan, Senior Associate

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

New 'polluter pays' proposals from the FCA - are these toxic?

Published on 30 Nov 2023. By Kerone Thomas, Associate and David Allinson, Partner

The FCA has released a consultation paper (CP 23/24), proposing new measures for personal investment firms (PIFs) to set aside capital for potential redress liabilities at an early stage. These changes aim to address consumer harm caused and reduce the burden on the Financial Services Compensation Scheme (FSCS).

Project Angel Bidco v AXIS - what are the key takeaways for warranty and indemnity insurers?

Published on 30 Nov 2023. By James Wickes, Partner and Matthew Wood, Of Counsel and Matt Ward, Associate

On 31 October 2023, the London Circuit Commercial Court gave judgment in Project Angel Bidco Limited (in administration) v Axis Managing Agency Limited & Ors (2023) EWHC 2649.

RPC insurance partner named as Winner in Lexology Client Choice Awards 2024

Published on 29 Nov 2023. By Carmel Green, Partner

Carmel Green sole recipient of Insurance & Reinsurance, Hong Kong category

V@ update - November 2023

Published on 29 Nov 2023. By Adam Craggs, Partner

Welcome to the November 2023 edition of RPC's V@, a monthly update which provides insightful analysis and news from the VAT world relevant to your business.

Lawyers Covered - November 2023

Published on 29 Nov 2023. By Will Sefton, Partner, Head of the Lawyers Liability and Regulatory Group and Carmel Green, Partner and Simon Love, Senior Associate and Jo Makin, Senior Associate and Charlotte Thompson, Associate

Welcome to the latest edition of our Lawyers Liability & Regulatory Update, in which we look back over the last month at key developments affecting lawyers and the professional risks they face.

RPC Bites #58: Trade mark troubles, cheese-y appeals, warm ice cream and low-alcohol labelling...

Published on 29 Nov 2023. By Ciara Cullen, Partner, Retail & Consumer Sector Lead and Ben Mark, Partner

Welcome back to RPC Bites. With a definite chill in the autumn air, our aim in the next 2 minutes is to provide you with a warming flavour of key legal, regulatory, and commercial developments in the Food & Drink sector over the last fortnight… with the occasional bit of industry gossip thrown in for good measure. Enjoy!

Customs and excise quarterly update - November 2023

Published on 29 Nov 2023. By Adam Craggs, Partner and Michelle Sloane, Partner

Welcome to the November 2023 edition of RPC's Customs and Excise Quarterly Update.

RPC advises Shepherd Neame in respect of its long-term logistics and distribution operations

Published on 29 Nov 2023. By Tom Purton, Partner

International law firm RPC has advised Shepherd Neame in respect of one of its most significant contracts to date as it enhances its warehousing and logistics partnership with GXO Logistics (GXO), and substantially invests in its Faversham warehouse and improves its secondary distribution operations.

Reforms to working time record-keeping, holiday pay and entitlement, and TUPE consultation

Published on 28 Nov 2023. By Patrick Brodie, Partner, Head of Employment, Engagement and Equality and Charlotte Bray, Associate

The government has issued its response to the consultation on reforms to retained EU employment law proposed earlier this year.

A day in the life of a tax adviser with Jeremy Johnson

Published on 28 Nov 2023.

In this episode of Taxing Matters, we are joined by Jeremy Johnson, managing director of inTAX Limited.

Severe consequences: severance of success fee provisions in a CFA not allowed

Published on 27 Nov 2023. By Graham Reid, Partner and Georgia Durham, Associate

In Diag Human v Volterra Fietta [2023] EWCA Civ 1107 , the Court of Appeal held that a firm of solicitors that had entered into an unenforceable conditional fee agreement (CFA) could not obtain payment by severing the offending terms of the agreement and nor was payment on a quantum meruit basis permitted for public policy reasons. The consequence of this was that their clients were entitled to the return of sums paid on account.

Upper Tribunal dismisses HMRC's appeal in respect of salaried members rules

Published on 24 Nov 2023. By Liam McKay, Of Counsel

The Week That Was - 24 November 2023

Published on 24 Nov 2023. By Alan Stone, Partner and Ben Goodier, Partner and Alexandra Anderson, Partner and Tom Green, Partner and Katharine Cusack, Partner and Zoe Eastell, Partner and Felicity Strong, Partner and Peter Mansfield, Partner and Arash Rajai, Partner and Sarah O'Callaghan, Senior Associate

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

Sports Ticker #98: Sports Business Awards 2023, Las Vegas Grand Prix, and the brands changing the world through sport

Published on 24 Nov 2023. By Jeremy Drew, Partner, Head of Commercial and Joshua Charalambous, Partner and Samuel Coppard, Senior Associate and Joseph Akwaboa, Associate

In a fortnight which saw Manchester City post record revenue and profits, Everton receive a points deduction relating to P&S issues, and the League of Legends World Championship become the most watched esports tournament, we bring you updates on the Sports Business Awards 2023, Las Vegas Grand Prix and Kansas City Chiefs' new relationship (no, not that one…).

Tribunal confirms that payments of a punitive nature are not deductible

Published on 22 Nov 2023.

Cutting the red tape: MHRA publish new guiding principles for AI-based medical devices

Published on 22 Nov 2023. By Victoria Lawman, Trainee Solicitor

Developers of AI-based medical devices will benefit from the MHRA's new guiding principles which aim to reduce onerous regulatory requirements.

Insurance and The Foundation of The United States (With Professor Hannah Farber)

Published on 22 Nov 2023.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Hannah Farber, Assistant Professor of History at Columbia University in New York. In this episode they look at the American revolution and the role insurance played in the foundation of the United States.

Take 10 - 20 November 2023

Published on 20 Nov 2023. By Keith Mathieson, Partner and Rupert Cowper-Coles , Partner and Alex Wilson, Partner and Samantha Thompson, Senior Associate and Nadia Tymkiw, Senior Associate and Mafruhdha Miah, Senior Associate and Alex Pollock, Associate and Thomas Otter , Associate

Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.

Navigating professional risks and opportunities facing the legal profession in an ever-changing legal and commercial landscape

Published on 17 Nov 2023. By Scott Ashby, Partner and Aimee Talbot, Knowledge Lawyer

The legal profession is undergoing significant changes, driven by a range of challenges and opportunities. In recent years, the legal landscape has experienced a period of transformation, marked by unforeseen challenges and emerging horizons. This transformation has been propelled by factors such as the COVID-19 pandemic, evolving regulations, the increasing prominence of environmental, social, and governance (ESG) issues, and the growing role of artificial intelligence (AI). In this article, we examine the risks that lawyers face due to these factors, including the Solicitors Regulation Authority (SRA) focus on addressing toxic workplaces and sexual misconduct, cultural shifts, and the implications of AI.

The Week That Was - 17 November 2023

Published on 17 Nov 2023. By Alan Stone, Partner and Ben Goodier, Partner and Alexandra Anderson, Partner and Tom Green, Partner and Katharine Cusack, Partner and Zoe Eastell, Partner and Felicity Strong, Partner and Peter Mansfield, Partner and Arash Rajai, Partner and Sarah O'Callaghan, Senior Associate

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

Regulatory update - November 2023

Published on 17 Nov 2023. By Gavin Reese, Partner, Head of Regulatory

Welcome to the November edition of the Regulatory update, which pulls together recent developments from across the UK’s regulators to help you navigate the regulatory maze.

Fines for PDPA Breaches: How Clear is the Crystal Ball?

Published on 16 Nov 2023. By Nick Lauw, Partner and Pu Fang Ching, Senior Associate

The Singapore Personal Data Protection Commission ("PDPC") has recently issued a number of new enforcement decisions.

Menopause discrimination: Where are we now?

Published on 16 Nov 2023. By Ellie Gelder, Senior Editor Employment & Equality and Kelly Thomson, Partner, ESG Strategy Lead and Victoria Othen, External Consultant

October heralded an important legal first when a Leicester employment tribunal began hearing the case of Rooney v Leicester City Council. It is the first case where a person's menopausal symptoms have been deemed by an appeal court to potentially amount to a disability for the purposes of the Equality Act 2010.

Key considerations crime and D&O insurers cannot a-fraud to ignore

Published on 15 Nov 2023. By James Wickes, Partner

The UK government is committed to reforming corporate criminal liability and making it "quicker and easier" to prosecute companies involved in fraudulent conduct. These reforms will no doubt be welcomed by many where the nature and scale of fraud in the UK has evolved significantly and now constitutes more than 40% of all offences in England and Wales. However, it will inevitably have an impact on insurers, especially the D&O insurance market.

NHS Trust wins judicial review claim against HMRC

Published on 15 Nov 2023. By Alexis Armitage, Senior Associate

NHS Trust wins judicial review claim against HMRC in respect of VAT concession.

The EU Digital Markets Act: a levelling of the playing field?

Published on 15 Nov 2023. By Eleanor Harley , Partner

The Digital Markets Act (the DMA) forms part of the EU’s Digital Services Act package, placing new obligations on “gatekeeper” platforms who offer core platform services to business and end-users established or located in the EU, irrespective of the gatekeepers’ place of establishment, residence, or any national laws applicable to their service.

The Economic Crime and Corporate Transparency Act: the clock is ticking for companies to prepare

Published on 14 Nov 2023. By Thomas Jenkins, Of Counsel

Significant changes to the English law of corporate criminal liability have been introduced as part of the Economic Crime and Corporate Transparency Act 2023 (the Act), which received royal assent on 25 October 2023.

What do your corporate governance leads need to know about tackling greenwashing?

Published on 13 Nov 2023.

The Chartered Governance Institute UK & Ireland (CGI) has published a helpful report, "Tackling greenwashing from a governance perspective", to assist corporate governance professionals in ensuring organisations are compliant with new expectations.

Whistleblower fraud reports to HMRC surge 47% in the past year

Published on 13 Nov 2023. By Adam Craggs, Partner and Michelle Sloane, Partner

HMRC clamping down on COVID fraudsters Public anger at fraudsters fuels rise in whistleblowing

Sports Ticker #97: Esports World Cup 2024, the increasing value of women's sports and European Super league

Published on 10 Nov 2023. By Jeremy Drew, Partner, Head of Commercial and Joshua Charalambous, Partner and Samuel Coppard, Senior Associate and Joseph Akwaboa, Associate

In a fortnight which saw DAZN secure exclusive F1 rights in Spain until 2026, Jude Bellingham become the first England player to win the Kopa Trophy for best performing under-21 player in the world, and FIFA ban Luis Rubiales for three years from all football activity, we bring you updates on Saudi Arabia's new Esports World Cup, planned increases in investment in women's sports and the marketing value of influencer athletes.

Recruitment Special Part 2: Starting a Career in Insurance (With George Barker)

Published on 09 Nov 2023.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this special episode on recruitment Peter explores the world of insurance recruitment through conversations with 4 guests:

Coming to a bank near you? How "investment AI" could transform financial mis-selling claims

Published on 09 Nov 2023. By Daniel Hemming, Partner

Living under a rock is probably the only way anyone might have escaped the media attention given to ChatGPT and generative AI in recent months. Beyond the (considerable) hype, this technology could have a profound impact on financial mis-selling claims where financial institutions and fund managers turn to the new technology to help them select investments and products.

Coming to a bank near you? How "investment AI" could transform financial mis-selling claims

Published on 09 Nov 2023. By Daniel Hemming, Partner

Living under a rock is probably the only way anyone might have escaped the media attention given to ChatGPT and generative AI in recent months. Beyond the (considerable) hype, this technology could have a profound impact on financial mis-selling claims where financial institutions and fund managers turn to the new technology to help them select investments and products.

Upper Tribunal dismisses taxpayer's appeal in  substantial shareholding exemption case

Published on 08 Nov 2023.

In M Group Holdings Ltd v HMRC [2023] UKUT 213 (TCC), the Upper Tribunal (UT) has upheld the decision of the First-tier Tribunal (FTT), which found that a company was not entitled to benefit from the substantial shareholding exemption (SSE) given that the shareholding had only been held for eleven months, as opposed to the required twelve months. The provision of paragraph 15A, Schedule 7AC, Taxation of Chargeable Gains Act 1992 (TCGA), which extends SSE relief when assets have been transferred within a group, was found not to apply and the appellant was liable to pay just over £10M in corporation tax.

Cyber_Bytes - Issue 58

Published on 08 Nov 2023. By Richard Breavington, Partner and Daniel Guilfoyle, Partner and Ian Dinning, Senior Associate and Rachel Ford, Partner and Christopher Ashton, Senior Associate and Elizabeth Zang, Associate and Emanuele Santella , Associate

Welcome to Cyber_Bytes, our regular round-up of key developments in cyber, tech and evolving risks.

Trends in European Cyber Risk Insurance Risk Mitigation Webinar with GCRA

07 Nov 2023

As rigorous testing to the applications of lower future claims risk by American cyber insurers increases, so has finding grounds to avoid paying on a claim by rescinding policies after a security gap is uncovered.

Wordings do matter

Published on 06 Nov 2023.

Contract drafting has been brass tacks for lawyers since the dawn of time. In its broadest terms, it involves putting the scope of a bargain reached between parties into clear and effective language.

Economic Crime and Corporate Transparency Act – what you need to know about the corporate transparency reforms

Published on 06 Nov 2023. By Rosamund Akayan, Knowledge Lawyer

The Economic Crime and Corporate Transparency Act, which received Royal Assent on 26 October 2023, overhauls the role of Companies House and the corporate transparency obligations of UK companies.

The Week That Was - 3 November 2023

Published on 03 Nov 2023. By Alan Stone, Partner and Ben Goodier, Partner and Alexandra Anderson, Partner and Tom Green, Partner and Katharine Cusack, Partner and Zoe Eastell, Partner and Felicity Strong, Partner and Peter Mansfield, Partner and Arash Rajai, Partner and Sarah O'Callaghan, Senior Associate

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

Tax Bites - November 2023

Published on 02 Nov 2023. By Adam Craggs, Partner

Welcome to the latest edition of RPC's Tax Bites - providing monthly bite-sized updates from the tax world.

Recruitment Special: why insurance should be a career of choice (With Caroline Wagstaff, Ben Bolton, Samantha Ridgewell & William Gallimore)

Published on 01 Nov 2023.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this special episode on recruitment Peter explores the world of insurance recruitment through conversations with 4 guests:

Tribunal finds that CGT saving was not the main purpose of wider arrangements

Published on 01 Nov 2023.

In Wilkinson and others v HMRC [2023] UKFTT 00695 (TC), the First-tier Tribunal (FTT) allowed the taxpayers' appeals on the basis that CGT avoidance was not the main or one of the main purposes behind a deal involving the exchange of shares in one company for shares and loan notes in another.

Take 10 - 31 October 2023

Published on 31 Oct 2023. By Keith Mathieson, Partner and Rupert Cowper-Coles , Partner and Alex Wilson, Partner and Samantha Thompson, Senior Associate and Nadia Tymkiw, Senior Associate and Mafruhdha Miah, Senior Associate and Alex Pollock, Associate and Thomas Otter , Associate and Jake Cotterill, Associate

Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.

Source@RPC - October 2023

Published on 31 Oct 2023. By Mark Crichard, Partner

The aim of Source@RPC is to provide lawyers, procurement professionals and CIOs/CTOs (amongst others) with a regular update on the legal implications and risks (and how best to manage them) of sourcing and utilising technology and outsourced technology-enabled services, as they affect businesses operating in the insurance and financial services sector.

Lawyers Covered - October 2023

Published on 31 Oct 2023. By Will Sefton, Partner, Head of the Lawyers Liability and Regulatory Group and Carmel Green, Partner and Simon Love, Senior Associate and Jo Makin, Senior Associate and Charlotte Thompson, Associate

Welcome to the latest edition of our Lawyers Liability & Regulatory Update, in which we look back over the last month at key developments affecting lawyers and the professional risks they face.