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The Future of Insolvency Regulation
On 21 December 2021 the Government launched a consultation into the future of insolvency regulation. The changes proposed in the consultation document will have a wide ranging impact on the insolvency profession (and its insurers) with the proposals including: the direct regulation of insolvency firms, the introduction of a single regulatory body with powers to order compensation against insolvency practitioners and firms, a new additional requirements regime, changes to the bond regime and a public register of insolvency practitioners and firms. Many of the changes proposed require primary legislation and so it may be some time before the changes to take effect (if adopted). But there does appear to be some wind behind these proposals given they follow on from the Call for Evidence in 2019 and a more general focus on insolvency issues in the wake of the Covid-19 pandemic.
Read moreCAT Collective Proceedings - Summer 2024 update
Developments in the UK’s competition collective proceedings regime continue apace with new claims recently issued in the Competition Appeal Tribunal (CAT).
Read moreThe CAT's new approach: I can't afford a carriage (dispute)
Since the collective proceedings regime in the UK's Competition Appeal Tribunal (CAT) kicked off, a number of carriage disputes have arisen. So-called 'carriage disputes' arise when there are two or more competing proposed class representatives (PCRs) seeking certification (and therefore 'carriage') of overlapping class actions.
Read moreLaw passed to regulate Significant Investments in Singapore Entities
The Significant Investments Review Bill (the "Bill") was recently passed by Parliament on 9 January 2024, and is expected to take effect in the first half of the year.
Read moreFOS complaints and hindsight – categorical statement from the Chief Ombudsman
The FCA has been producing a range of temporary measures with the aim of ensuring that firms can work at pace during the pandemic for the benefit of customers. However, where procedures are bypassed or corners cut what will FOS do in response? The response from FOS to that questions raises another – the use of hindsight when coming to its decisions.
Read moreBossing the rules
Watch out for RPC's new blog mini-series on the SRA Standards and Regulations 2019.
Read moreFCA issues Final Report in the Wholesale Insurance Broker Market Study
Today, the FCA released its Final Report in its Wholesale Insurance Broker Market Study. The study, which was launched in 2017, considered competition, transparency and conflicts concerns arising from changes in the market, including an increased use of broker facilities.
Read moreAccountants, auditors and actuaries beware: the FRC continues to show its teeth, as its future stands in the balance
In widely publicised news, the Financial Reporting Council (FRC) continues to levy record high fines and has cast criticism on a number of firms. What appears to be an unforgiving stance taken by the regulator seems to come in the wake of the review into whether or not it should be disbanded, or folded into another regulatory organisation.
Read moreThe future of SIPPs – FCA responds to the Work and Pensions Committee
A couple of weeks ago we reported on 5 pointed questions raised by the Work and Pensions Committee of the FCA in relation to the SIPP market. Those questions included whether or not the FCA was considering banning non-standard investments in SIPPs. The FCA has now responded. The response includes the FCA's views on the due diligence it expects of SIPP providers when it comes to non-standard investments.
Read morePRA consultation to promote diversity on boards of large insurers
The PRA consults on further amendments to the Senior Insurance Managers Regime (SIMR) including promoting diversity on boards.
Read moreA matter of interpretation – the Supreme Court look at contractual interpretation once more
In their recent Judgment in Sara & Hossein Asset Holdings Ltd (a company incorporated in the British Virgin Islands) v Blacks Outdoor Retails Ltd [2023] UKSC 2 the Supreme Court adopted a commercially balanced interpretation of a lease; rejecting the overly textual approach of the Court of Appeal in favour of reading the relevant clause in the context of the lease as a whole.
Read moreSnapshots Summer 2024
A roundup of key legal developments for the modern commercial lawyer.
Read moreTake 10 – 26 July 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreThe High Court continues interim anti-harassment injunction
At a return date hearing on 12 July 2024, Aidan Eardley KC (sitting as a Deputy High Court Judge) continued until trial or further order an anti-harassment injunction granted to prevent the Defendant from, amongst other things, approaching or contacting the Claimant.
Read moreThe Supreme Court clarifies the law on the recovery of damages for non-pecuniary damage arising out of a maliciously false statement
The Claimant was an employee of the second defendant, LCA, a recruitment agency owned and operated by the first defendant. After leaving LCA, the Claimant was employed by another recruitment agency and began targeting LCA's clients. LCA's owner told two third parties, one of whom was the Claimant’s new line manager and the other a client of LCA, that by doing this the Claimant was in breach of her contract of employment with LCA. In fact, there was no term of that contract (as the owner of LCA knew) which prohibited the claimant from soliciting business from LCA’s clients.
Read moreTake 10 - 12 July 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 25 June 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 6 June 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreParliamentary 'wash up' – which Bills made it through?
On 22 May 2024, Prime Minister Rishi Sunak announced that a General Election will take place on 4 July 2024. Parliament was then prorogued on 24 May 2024 which allowed a mere 2 days for 'wash up' - the process by which outstanding bills may be rushed through the parliamentary process.
Read moreTake 10 – 23 May 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 – 9 May 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 – 26 April 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreSnapshots Spring 2024
A roundup of key legal developments for the modern commercial lawyer.
Read moreTake 10 – 28 March 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 15 March 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 4 March 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 15 February 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 5 February 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreLeading media litigator Lindsay Warwick joins RPC as Partner
International law firm RPC announced today that Lindsay Warwick, a leading media litigator, joins as Partner. An already powerful bench of over ten media litigators, the appointment cements the firm's reputation as having the UK's leading media defence practice.
Read moreTake 10 - 12 January 2024
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreOfcom's 'Roadmap to Regulation' underway with its consultation on illegal harms duties under the Online Safety Act
In November, Ofcom, as new online safety regulator, published the first of four major consultations under the Online Safety Act ("OSA"), which sets out its proposals for how "user-to-user" ("U2U") services (essentially any online website or app that allows users to interact with each other) and online search services (i.e. Google, Bing and similar) should approach their illegal content duties under the new legislation. The consultation provides guidance in a number of areas including governance, content moderation, reporting and complaints mechanisms, terms of service, supporting child users, and user empowerment.
Read moreSnapshots Winter 2023
A roundup of key legal developments for the modern commercial lawyer.
Read moreTake 10 - 4 December 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 20 November 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 31 October 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreSnapshots Autumn 2023
A roundup of key legal developments for the modern commercial lawyer.
Read moreTake 10 - 13 October 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 29 September 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreThe Online Safety Bill is set to become law
The Online Safety Bill will shortly become law in the UK as soon as it receives Royal Assent. The legislation will introduce a new regulatory regime for online platforms and search engines which target the UK, imposing wide-ranging obligations on in-scope services with serious consequences for non-compliance.
Read moreTake 10 - 15 September 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 07 August 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 20 July 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreSnapshots Summer 2023
A roundup of key legal developments for the modern commercial lawyer.
Read moreTake 10 - 06 July 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 09 June 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 30 May 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 12 May 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 27 April 2023
Welcome to RPC's Media and Communications law update. This month's edition on key media developments and the latest cases.
Read moreTake 10 - 13 April 2023
Welcome to RPC's Media and Communications law update. This fortnight's edition on key media developments and the latest cases.
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