On 15 March 2017 the Government published draft new Regulations intended to implement the Fourth Money Laundering Directive ((EU) 2015/849) (“MLD4”) that needs to be transposed into UK law by 26 June 2017.
Continue ReadingWe are pleased to announce that we have very recently published the fourth edition of our popular Guide to Invoice Finance Law , which brings the previous third edition published in 2012 right up-to-date with relevant legislative and case law developments.
Continue ReadingAs long ago as December 2014 the Government announced its intention to bring forward legislation outlawing bans on assignment in commercial contracts.
Continue ReadingThe process of replacing the Insolvency Rules 1986 and 28 subsequent amendments has necessarily involved difficult balancing exercises between the interests of numerous stakeholders, but the general consensus among creditors is that The Insolvency (England and Wales) Rules 2016 (SI 2016/1024) (“IR 2016”) which came into force on 6 April 2017 are likely to significantly improve the insolvency process for most creditors.
Continue Reading
The implementation of the supplemental 3% stamp duty land tax (‘SDLT’) charge came into force on 1 April 2016. Bermans has previously looked at the impact of the higher rates of SDLT, particularly in relation to its effect on individual joint purchasers, in an article that can be found here. In this article we look at the charges in relation to companies, partnerships, trusts and inherited properties.
Continue ReadingThe Regime
The current legislation in relation to data protection in England and Wales is the Data Protection Act 1998 which was derived from the European wide Data Protection Directive (95/46/EC). The General Data Protection Regulation (GDPR) is due to come into force in May 2018. Whilst many of the provisions are already covered by the Data Protection Act, there are important new provisions of which businesses need to be aware.
Continue ReadingBermans recently held an exclusive “Ladies Evening” at Boodles, Lord Street in Liverpool.
The night was a great success, with guests admiring Boodles’ stunning collections whilst drinking champagne and mixing with other female professionals.
Continue ReadingDom Raban is the MD of Corporation Pop, a digital innovation agency. He has been creating ‘stuff’ for nearly 40 years, from punk fanzines in the 1970s to content for emerging technology platforms now. Currently Corporation Pop are working on several Augmented Reality (AR) and Virtual Reality (VR) projects, including an app for child patients that helps reduce the stress associated with hospitalisation by increasing familiarisation with staff, environments and procedures.
Continue ReadingThe Supreme Court has recently issued a decision in the case of Ilott v Mitson turning on the interpretation of the Inheritance (Provision for Family and Dependants) Act 1975 (the Act ). In England and Wales a testator can choose to distribute their estate to anyone subject to the possibility of an excluded person bringing a claim under the Act.
The Court may decide to make financial provision for a dependent of the deceased be it a child, spouse, or former spouse if the Court concludes that the testator failed to make adequate financial provision for them. Such a claim is more likely to succeed if the Claimant is receiving state benefits.
Continue ReadingConsumer Credit
Whilst it is too early to predict the likely effects of Brexit on legal issues in the asset finance industry, it is worth noting that much of the current legislation affecting consumer credit derives from EU Directives.
Continue Reading
| 
