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Briefing Notes

Terminating a Commercial Contract – How to navigate a safe exit

Most businesses will want to take steps to terminate a commercial contract at some point during their lifetime. However, without proper consideration of the terms of the contract, how and when to terminate it and the consequences of termination, disputes can arise.  Our experience suggests that all too often businesses give notice to terminate contracts […]

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Decision on Revision of UCP600

As expected, but nonetheless welcome, the Executive Committee of  ICC Banking Commission has announced its Decision not to undertake at this stage a revision of UCP600 The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication of the ICC (International Chamber of Commerce) containing the rules which apply internationally to Letters […]

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Charities Briefing Note – The Common Reporting Standard

The Common Reporting Standard (CRS) is a global standard for the automatic exchange of information between the tax authorities of participating countries. It has been designed to prevent individuals and entities using offshore structures to evade tax and has important implications for charities. Some charities, especially those that have a trust structure and receive the […]

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Property e-bulletin – Issue 1

We are very pleased to bring you Druces’ first property e-bulletin. Aimed at a property professional/adviser readership, our intention is to bring you a regular collection of interesting recent property and planning focused news items.  The topics covered will be broad ranging, with each article a bite-sized consideration of some of the sector’s most topical issues. […]

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ICO fines financial brokerage firm £40,000 for sending unsolicited marketing texts

On 19 April 2017, the Information Commissioner’s Office (ICO) fined a finance brokerage firm, Monevo Ltd, £40,000 under section 55A of the Data Protection Act 1998 for sending unsolicited direct marketing texts. This constituted a serious contravention of regulation 22 of the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426) (PECR). An investigation […]

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Watch out, there is a cyber-thief about!

The National Cyber Security Strategy 2016-2021 outlines the Government’s aim to make the UK secure and resilient to cyber threats and, as part of the review into implementation of this strategy, the government has published the Cyber Security Breaches Survey for 2017. The 2017 study comprised a telephone survey of 1,523 UK businesses, which were […]

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ICO fines 11 charities for misusing donors’ personal data

The Information Commissioner’s Office (ICO) has issued 11 charities with a monetary penalty under section 55A of the Data Protection Act 1998 for misusing donors’ personal data. The ICO investigations found that a number of the charities secretly screened millions of donors so they could target them for additional funds. The charities traced and targeted […]

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