Keep the faith | Edwards Wildman Palmer UK LLP

Legal Briefing

Contractual parties are increasingly agreeing to commit themselves to a mutual duty of ‘good faith’, despite the apparent lack of certainty as to the meaning of such a duty. The High Court recently demonstrated the significance of such clauses and showed that a duty of good faith is a meaningful obligation with the potential for …

The law of nuisance: the Court of Appeal revisits longstanding principles | Burges Salmon

Legal Briefing

Earlier this year, the Court of Appeal handed down two important judgments on the environmental impacts of commercial enterprises on their neighbours. The first case, Coventry (t/a RDC Promotions) & anor v Lawrence & ors [2012], concerned noise from a racing circuit and the second case, Barr & ors v Biffa Waste Services Ltd [2012], …

Recoveries litigation in the new regulated environment | Eversheds Sutherland

Legal Briefing

Over the past five years lenders have suffered staggering losses on residential mortgage lending. Many lenders have sought to mitigate these losses by taking legal action against third parties – often valuers and solicitors – alleging that the losses (at least in part) were caused by the negligence of these professionals. In more extreme cases …

Deferred Prosecution Agreements and a tough new director at the SFO: is a rush to the negotiation table in order? | WilmerHale

Legal Briefing

After many months promoting the introduction of Deferred Prosecution Agreements (DPAs) in the UK, the solicitor general, Edward Garnier QC, is close to securing his goal. With strong government backing, the support of the incoming director of the Serious Fraud Office (SFO), and, according to Mr Garnier, of the city firms and non-governmental organisations he …

High Court delivers knock-out blow to application for damages flowing from repudiatory breach | Edwards Wildman Palmer UK LLP

Legal Briefing

The High Court has ruled in favour of the Lonsdale group in two related summary judgment actions: Leofelis SA & anor v Lonsdale Sports Ltd & ors; and Trademark Licensing Company Ltd & anor v Leofelis SA (the Leofelis actions). The applications were in relation to claims stemming from alleged repudiatory breaches of a licence, …

The European syndicated loan market: current market trends and documentation issues | Eversheds Sutherland

Legal Briefing

The number of syndicated loans signed in EMEA in the first quarter of 2012 was less than half the number seen in the same period last year and the pipeline for the remainder of 2012 remains thin, bar any uptick in M&A activity. Banks are operating under tighter capital constraints and are increasingly selective on …

The criminal cartel offence and government reforms of competition law | DLA Piper

Legal Briefing

The UK government recently published its response to last year’s consultation on the reform of the UK competition regime. One significant plan is that it will no longer be a requirement to prove ‘dishonesty’ in order to convict individuals involved in a criminal cartel. The government believes that removing the requirement to prove dishonesty will …