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International Edition

Legal aid reforms under scrutiny as peers criticise proposed cutbacks

The Government's proposed legal aid reforms are facing further criticism in the House of Lords this month as discussions continue over the Legal Aid, Sentencing and Punishment of Offenders Bill. The Bill – which sets out the Ministry of Justice's (MoJ's) plans to cut £350m from the annual legal aid budget – is currently under discussion in the upper house, with peers highlighting the potentially negative impact of the reforms.
4 minute read

International Edition

Bankers' bonuses on the racks again as Government set to clamp down on cronyism

Freshfields' Simon Evans and Alice Greenwell examine whether the Government's pay proposals will drive change
6 minute read

International Edition

Banking on change - the impact of the Vickers banking reforms

Simmons' James Bresslaw outlines the UK Government's response to the ICB's recommendations for a banking system reform
8 minute read

International Edition

Finance partners cheer bid to make London a renminbi trading hub

Finance partners have welcomed plans by the UK Government to help strengthen London's position as a leading financial centre by turning it into an offshore trading hub for China's renminbi (RMB) currency. Chancellor of the Exchequer George Osborne signed a deal on Monday (16 January) in Hong Kong setting out plans to make London a trading centre for the currency, which is becoming increasingly important as China's economic power continues to grow.
5 minute read

International Edition

Freshfields faces £68m claim over Department for Transport advice

Freshfields Bruckhaus Deringer is facing a potential negligence claim worth more than £68m from the Department for Transport (DfT) for advice it gave the organisation in 2006 in relation to a rail franchise agreement with Stagecoach South Western Trains (SSWT)...
2 minute read

International Edition

Bluechip employment lawyers welcome reforms to work disputes but few expect claims to fall

Wide-ranging employment shake up may cut red tape but advisers doubt core reform claims. Sofia Lind reports
6 minute read

International Edition

Watch and wait - White & Case on deferred prosecution agreements

White & Case's Alistair Graham says that while deferred prosecution agreements may add to the armoury of UK prosecutors, companies may need greater certainty as to their use before they will self-report
5 minute read

International Edition

Check, and check again - why the Bribery Act and competition law could be a lethal combination

Sullivan & Cromwell's Juan Rodriguez and Louise Delahunty warn the Bribery Act and competition law could prove a lethal combination for companies with poor compliance
6 minute read

International Edition

Proposed bill gives lenders' rights in the real estate sector platform for discussion

"The Bill is intended 'to re-balance the law in favour of enterprise'..." Mayer Brown's Jayne Backett and Shaeron Yapp on a private member's bill of interest to the banking sector
5 minute read

International Edition

Missing the mark? - The Government's overhaul of the UK's competition regime

The Government tells us that the UK has a "world-class" competition regime. It is hard to know exactly what this means, but the underlying sentiment is clear: the UK regime is one of the best in the world at protecting and encouraging competition. Now we are told that it needs to get better still.
6 minute read

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