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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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Druces LLP participates in the Holiday Hamper Scheme

This Christmas, Druces LLP have taken part in the Holiday Hamper scheme run by the Junior League of London. The scheme provides hampers filled with gifts, food, toiletries and other essentials for the most vulnerable residents of London during the Christmas period. Druces were assigned two elderly ladies and, with the generous donations from our […]

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Casa Mining Limited acquired by Ortac Resources Limited

Druces LLP, the City-based business and private wealth law firm, has advised client Casa Mining Limited on the acquisition by AIM-quoted Ortac Resources Limited of the Casas shares it did not already own, in a share exchange transaction which will see the selling Casa shareholders own 29 per cent of Ortac. Casa has for some […]

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Compensation and Indemnity Payments for Commercial Agents and the Impact of Brexit

The Commercial Agents (Council Directive) Regulations 1993 (SI 1993/3053) apply to all commercial agents and give commercial agents certain rights on termination. Under the Regulations where an agency agreement is terminated by the principal the agent will have the right to “compensation” or an “indemnity” in certain circumstances.  The agent may also have a common […]

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Druces closes $20 million bond issue

Druces LLP, the City-based business and private wealth law firm, has closed a further $20 million bond financing for client Technology Enhanced Oil PLC. The mandatory convertible bond has been listed in Singapore and the client will use the proceeds of the issue to acquire further underperforming oil assets in North America whose economics can […]

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Druces LLP gains far-reaching recognition in Legal 500, 2017

We are very pleased to announce that Druces has been recommended in Legal 500, 2017 (a leading international legal directory), for a number of its legal services alongside a number of our Partners who are also recommended. The Directory picks out a number of areas  for particular praise, noting that: real estate is a ‘key sector […]

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Druces advises Summit Therapeutics on USD20.1 million fundraising

Druces LLP, the City-based business and private wealth law firm is delighted to announce that a team led by partner, David Smith, has advised Summit Therapeutics PLC on the English law aspects of its fundraising of USD20.1 million before expenses. Summit’s ordinary shares are quoted on AIM and its American Depositary Shares (ADSs) are traded […]

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Druces Associate contributes to Data Privacy Report

Claire Rigby, Associate, Druces LLP, has contributed to the Report on ‘Data Privacy’. The Report is a publication from ABL’s Young Lawyer’s Group and draws attention upon the distinctive trait of the Privacy legislation in each country mentioned in this Report. Click here to read the full report or go directly to ‘Data Privacy in […]

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Druces advises appScatter Group plc on its AIM IPO

Druces LLP, the City-based business and private wealth law firm is pleased to announce that a team led by corporate partners, Christopher Axford and David Smith, has advised appScatter, the app distribution and management platform, on its successful admission to AIM. The company raised £9 million through an oversubscribed placing of 13.8 million shares at […]

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