Category

Commercial

FCA publishes indicators on assessing fitness and propriety

FCA publishes indicators on assessing fitness and propriety Key Contact: Rachelle Sellek The Senior Managers and Certification Regime On 9 December 2019, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for solo-regulated firms. The regime requires firms to review, assess and certify that certain individuals are ‘fit’ and ‘proper’ to...
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How Do You Define A “Pandemic”?

How Do You Define A “Pandemic”? Key Contact: Rachelle Sellek Clauses in contracts such as force majeure, business continuity and material adverse change are increasingly attempting to deal with the threat of a pandemic and to minimise its effects on a party’s business.  However, how is a “pandemic” defined? You may think that it is...
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Directors’ Responsibilities When Tying Companies Into Future Payment Obligations

Directors’ Responsibilities When Tying Companies Into Future Payment Obligations Key Contact: Rachelle Sellek Author: Charlotte Waite With all the uncertainty going on in the world at the moment, many businesses are negotiating new trading and credit arrangements. Customers are requesting more favourable payment terms spread out over a much greater time period, and suppliers can be more...
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Coronavirus: The Legal Implications for Commercial Contracts

Coronavirus: The Legal Implications for Commercial Contracts Please note – you can listen to this update as a podcast episode by clicking on the podcast image at the bottom of this article. We’re seeing a number of business affected by the Coronavirus as it continues to spread across the world. Supply chains are being affected...
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Environmentally conscious drafting – The Chancery Lane Project

Environmentally conscious drafting – The Chancery Lane Project On 26 February 2020, The Chancery Lane Project (“TCLP”) released the first edition of its Climate Contract Playbook (“the Playbook”). TCLP brings together legal professionals from across the country, including Acuity Law, who seek to facilitate change through environmentally conscious drafting. On their website, TCLP state: “our...
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Blurred Lines – when are private companies not so private?

Blurred Lines – when are private companies not so private? The Environmental Information Regulations 2004 (the “EIRs”) have been the subject of intense debate and scrutiny in recent weeks as a result of decisions made by the Information Commissioner’s Office (the “ICO”). In February 2020, the ICO held that both E.ON UK plc (“E.ON”) and...
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Coronavirus: a force majeure event?

Coronavirus: a force majeure event? With the number of coronavirus COVID-19 cases soaring globally, businesses are also feeling the effects of the crisis, as travel restrictions and factory closures in China increase and the repercussions of the virus escalate. Both Apple and Jaguar Land Rover have announced the virus could result in supply issues and...
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Social Media “Influencers” and the #Law

Social Media “Influencers” and the #Law Bloggers, vloggers and social media personalities have increasingly dominated social media platforms over the last decade. With their powerful ability to influence public decision-making, agreements between companies and brand ambassadors (also known as “influencers”) can be extremely lucrative, for both parties involved. From a legal perspective, companies looking to...
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Incoterms® 2020: Key Changes

Incoterms® 2020: Key Changes Incoterms® are a set of international trade terms published by the International Chamber of Commerce, which provide a standardised set of rules that traders in different countries can incorporate into contracts for the sale of goods. They are intended to be jurisdiction-neutral so that no legal system is favoured over another....
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Exporting goods after Brexit: is your business is prepared?

Exporting goods after Brexit: is your business is prepared? Detailed discussions are taking place at 10 Downing Street today, but despite this no one can guarantee whether the UK will be leaving the EU on 31 October at 23:00 GMT! We all watch with fervent interest, but as it stands, we could be leaving with...
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