The court process for determining a liquidator’s remuneration is relatively straightforward. The liquidator submits his accounts to the court who then appoints a court reporter (i.e. an independent accountant, typically an insolvency practitioner) to examine and audit the accounts. The reporter then reports back to the court on a suitable remuneration for the liquidator. Seems simple! But what exactly is the role of the reporter and how does he or she determine what is a suitable remuneration?
Over the last few years, the European Commission has put more resources into uncovering “the supreme evil of antitrust” – cartels. This month, the Commission fined five undertakings for participating in up to four cartels for the supply of car seatbelts and airbags. All five Japanese suppliers settled with the Commission, in return for a reduced fine, for their role in the cartels which targeted European car manufacturers.
As we fast approach the festive period the thought of some paid holidays fills many employees with great delight. However, for others in the workforce, particularly those deemed as self-employed and undertaking low paid work in the gig economy, taking time off may not be such a joyous occasion. This is because for many of them it means time off without pay which is simply not an affordable option.
The Information Commissioner’s Office (ICO) has recently updated their overview guide to the GDPR as well as expanding on and providing additional information on two key GDPR issues, namely: (i) consent; and (ii) contracts and liabilities.
As of 1st December a new form of tenancy will be introduced in Scotland, the Private Residential Tenancy (“PRT”), a result of the Private Housing (Tenancies) (Scotland) Act 2016. This marks another step in the Scottish Government’s drive to combat the difficulties affecting the Scottish housing market; including the current lack of supply and the drop off in home ownership among the younger generation.
Earlier this year, we discussed the ECJ overturning the General Court and Commission decision in Intel that clarified how rebates are to be treated in competition law. In another setback for the Commission, the EU General Court has annulled, in part, a Commission decision that found the Icap Group guilty of participating in various cartels relating to the YEN interest rate, during the LIBOR scandal.
A review of the latest decision affecting the law of prescription in Scotland.
On 15 November 2017, the Supreme Court issued its decision in Gordon and others, as the Trustees of the Inter Vivos of the late William Strathdee Gordon (Appellants) v Campbell Riddell Breeze Paterson LLP (Respondent) (Scotland) (“Gordon v Campbell Riddell”) and made important comments in relation to the time limits imposed on parties in Scotland looking to raise a claim for breach of contract.
Today, in a landmark ruling of a bench of seven Supreme Court justices, the UK Supreme Court has rejected an appeal by the Scotch Whisky Association which sought to challenge the imposition of a minimum unit price for alcohol sold in Scotland.
Last year, the European Commission announced a series of investigations into Google’s potentially anti-competitive behaviour. In June this year, it fined Google €2.4 billion for abusing its dominant position in the internet search market to promote its own online shopping platform. This was the highest penalty ever imposed on an undertaking by the European Commission, and concluded the first of the investigations.
The Pensions Regulator (TPR) has announced that it will be asking some new record-keeping questions as part of the annual Scheme Returns for defined benefit (DB) and defined contribution (DC) pension schemes.