Low oil prices have been causing negative headlines for some time. However, they present opportunities to cash-rich investors looking to acquire assets at discounted prices. Conversely, owners looking to monetise their interests will want to ensure they have their affairs in order in this buyers’ market.
It has been a busy time for Scotland’s constitution. No sooner was the 2014 independence referendum out of the way than the debates and arguments began on new powers for the Scottish parliament. That debate resulted in the Scotland Act 2016, passed shortly before May’s Scottish parliament election.
Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Ltd [2015] is set to be the leading authority on implied terms for some time to come. The Supreme Court confirmed that the more restrictive test of strict necessity remained applicable in all cases. All practitioners must understand the impact of the decision …
