All articles by Eduardo Reyes – Page 37
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Client emails to be evidence in mis-selling claims
Emails between bank staff and owners of small businesses who bought interest-rate hedging contracts will be evidence in mis-selling claims totalling up to £1bn, the Gazette can reveal. Norton Accord, the company that has secured funds to launch up to 4,000 cases, said that client emails ...
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The FOI Act cannot be compared to legal privilege
Is it possible to deliver frank, robust, clear advice if you know it might become public? This is one of the key points members of the House of Commons Justice Select Committee must consider in their post-legislative scrutiny of the Freedom of Information Act.
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£1bn swaps claims going ahead despite settlements
The first wave of funded claims against banks by business owners who bought interest-rate hedging contracts are close to being ready, the Gazette can reveal. Norton Accord, the company that has secured the backing of funds to bring up to £1bn of claims, confirmed today that ...
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A&O sounds note of caution over Asia-Pacific growth prospects
Asia-Pacific economies will not meet the growth expectations of international business because of the slow pace of regulatory reform in China, a magic circle firm has warned. A survey of large international businesses conducted last year by Allen & Overy predicted that by 2020 six ...
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Where should lawyers go to meet the public?
This morning I bought my newspaper from a branch of a national chain of newsagents. As has been well reported, other branches sometimes include a stall run by lawyers whose firm has joined a national franchise. It is one of the supposedly big scary initiatives that will enable this franchise, ...
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Sports law: rules of the game
The complex web of commercial and regulatory issues that surrounds sport is occupying an ever-increasing amount of lawyers’ time. That was evident at the Law Society’s Sports Law Conference, held at Chancery Lane last week. It may be true that, as Charles Russell partner Simon Johnson told the conference, ‘a ...
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Should lawyers welcome the end of the 50p tax rate?
There will be plenty of Gazette readers who do not benefit from the scrapping of the 50p rate of income tax on earnings over £150,000 - though a decade spent covering the City and corporate parts of the legal market means I know very great numbers who are set to ...
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Banks face £1bn blizzard of funded suits
Venture capital firms are backing litigation worth up to £1bn against major banks over the alleged misselling of interest rate hedging contracts, the Gazette can reveal. A group of cases identified by the company that has secured the backing of funds for the claims, Norton ...
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My experience as a conveyancing client
Just over two years ago my colleague Rachel Rothwell, now editor of Litigation Funding magazine, wrote a blog with the same title as this one. Rothwell shopped around a bit, asked questions about referral fees, and eventually settled on a licensed conveyancer above a couple of ...
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Should surplus lawyers sue?
In New York suits have been filed against 14 law schools on behalf of alumni who have been unable to start the legal career they had set their hearts on. It would be easy to sneer at what looks, from a certain angle, like the plaintiffs’ ...
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Can the Fiji government’s sensitivities be exploited?
When it comes to the topic of their legality, dictators are a surprisingly needy bunch, and Fiji’s current rulers are no exception. Following the Gazette’s report on the rule of law (or lack thereof) in Fiji , its attorney general, Aiyaz Sayed-Khaiyum, and director of public prosecutions, New Zealander Christopher ...
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Fiji hits back at scathing report
Fiji’s attorney general has launched a personal attack on the author of a report which claimed to expose a serious deterioration in the rule of law in the country. Aiyaz Sayed-Khaiyum (pictured), the second most powerful member of Fiji’s government, described the report as a ‘joke’ ...
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Covert trip reveals rule of law ‘lost’ in Fiji
A secret fact-finding mission to Fiji has concluded that the rule of law ‘no longer operates’ in the country. The independence of the judiciary ‘cannot be relied upon’ and ‘there is no freedom of expression’, council member and Law Society Charity chair Nigel Dodds reports in Fiji: The Rule of ...
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BT Claims has taken part of the market by surprise
I thought the news that a BT subsidiary has applied to become an alternative business structure (ABS) was the most interesting so far in what is predicted to be a year of unprecedented change in the legal profession. Sure, it’s interesting that private equity money is ...
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Survey: in-house woe for magic circle
Pressure on corporate legal budgets eased in 2011, but that failed to halt a three-year decline in the use of magic circle firms. Legal departments instead chose to increase their own headcount, and to make greater use of UK mid-tier law firms, other international firms, the bar and niche firms.
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Morale low among Ministry of Justice staff
Evidence of poor morale among staff at the Ministry of Justice has emerged from the civil service’s annual ‘people survey’. Among its findings is that staff at the ministry and its agencies have no confidence in decisions made by senior managers. Only 32% of respondents would recommend the MoJ as ...
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Business specialist launches franchise scheme
A south-east law firm which has won awards for its innovative approach to business advice has used its name to launch a new franchise. Acumen Business Law, based in Hove, East Sussex, will license firms to use the name Acumen Business Law Enterprise. Acumen’s managing ...
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Lib Dem votes on legal aid
The House of Lords is now debating amendments to the Legal Aid, Sentencing and Punishment of Offenders Bill in the shadow of a government defeat on key proposals for welfare reform. While we are right to focus a lot of attention on the strength and ...
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Commission's conclusions should return assisted dying debate to moral realms
by Eduardo Reyes, Gazette features editor The report on assisted dying, produced by a ‘commission’ formed by thinktank Demos, and part-funded by author and campaigner Terry Pratchett, made headlines last week for stating that there were practical ways that the existing law on suicide could be ...
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Lord Falconer slams assisted dying law
A thinktank led by former Lord Chancellor Lord Falconer (pictured) has called the law on assisted dying ‘inadequate and incoherent’. In a report published today, the Commission on Assisted Dying concludes that the law can be reformed without endangering protections for vulnerable people. The report’s ...