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Briefing Notes

Islamic Finance Update

Islamic finance update: The arranging bank’s duty of care & the validity and enforceability of English law governed agreements in Islamic finance transactions This update considers two recent Commercial Court decisions which will be of interest and importance to parties involved in Islamic finance transactions. 1) The arranging bank’s duty of care On 7 December […]

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The Importance of Lasting Powers of Attorney for Business Use

A Lasting Power of Attorney can be a useful tool for a business owner. If you own a business it is important to ask yourself what would happen to the business should you ever lose capacity through injury or illness. Having a registered LPA ensures that the person best positioned for looking after your business […]

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Trusts Registration Service

The Trusts Registration Service (TRS) is an online system to register trusts and complex estates to obtain a Unique Taxpayer Reference which replaces the current paper system. The responsibility of registering the trusts lies with the trustees but it is likely that they will appoint their accountants or other agents who maintain the trust, to […]

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The GDPR picture becoming clearer

There have been quite a few developments on GDPR in recent months with the publication of the Data Protection Bill by the UK Government, and further guidance from the ICO and the A29 Working Party. The GDPR landscape is slowing becoming clearer. Data Protection Bill This came out on 14 September 2017. The main parts […]

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Property e-bulletin – Issue 2

We are pleased to bring you the second edition of Druces’ 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 […]

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Legally binding contract or just wishful thinking?

On 26 July 2017, Mr Justice Leggatt handed down his Judgment in Blue v Ashley [2017] EWHC 1928 (Comm). The question in this case was whether, as a result of a conversation between the Claimant, Mr Blue, and the Defendant, Mr Ashley, a contract was made under which Mr Ashley owed Mr Blue £14m. Mr […]

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THERE IS STILL TIME –  one “last chance” to come clean about offshore tax non-compliance

In a climate where significant steps have been taken over the last few years to target tax evasion, the Worldwide Disclosure Facility (“WDF”) is considered the “last chance” for individuals to disclose any offshore tax non-compliance issues to HMRC before tougher new sanctions, including substantial financial penalties, broader powers of “naming and shaming” and increased […]

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