Updates


Elliot Shear on Cyber Panel in Washington with FBI and SEC

Elliot Shear on Cyber Panel in Washington with FBI and SEC

W Legal’s Managing Director, Elliot Shear, has spoken on a prestigious Washington Panel dealing with Cybersecurity issues for Public Companies. Elliot was joined by the heads of Cybersecurity for both the US Federal Bureau of Investigations (FBI) and the US Securities Exchange Commission (SEC). “Dealing with cyber-related issues has become a key factor in both […]

US TREASURY DEPARTMENT UPDATES GUIDANCE ON DUE DILIGENCE AND USD-DENOMINATED TRANSACTIONS

US TREASURY DEPARTMENT UPDATES GUIDANCE ON DUE DILIGENCE AND USD-DENOMINATED TRANSACTIONS

The Office of Foreign Asset Control (“OFAC”) has recently updated its explanatory document known as ‘Frequently Asked Questions Relating to the Lifting of Certain U.S Sanctions under the Joint Comprehensive Plan of Action (JCPOA) on Implementation Day’ (the “FAQ”). Among other things, the amended FAQ provides additional guidance to non-US persons seeking to carry out […]

Game of Unknowns: CA Interprets Ambiguity in Exclusion Clause

Game of Unknowns: CA Interprets Ambiguity in Exclusion Clause

Summary The Court of Appeal (‘CA’) dismissed a claim concerning the interpretation of an exclusion clause in a share purchase agreement (‘SPA’). The CA held that any ambiguity in a contractual provision should be resolved by adopting the narrowest interpretation available. Similarly, the contra proferentem rule applies even where both parties are subject to similar […]

Away Win for Sainsbury’s against Bristol Rovers: Court of Appeal Considers Reasonable Endeavours and Good Faith Obligations

Away Win for Sainsbury’s against Bristol Rovers: Court of Appeal Considers Reasonable Endeavours and Good Faith Obligations

In Bristol Rovers (1883) Ltd v Sainsbury’s Supermarkets Ltd [2016] EWCA Civ 160, the Court of Appeal considered reasonable endeavours and good faith obligations in the context of detailed obligations. Facts In 2011 Bristol Rovers (1883) Limited (“Bristol”), the owner of Bristol Rovers football club, entered into a conditional contract (“the Agreement”) for the sale […]

Mixing Business with Pleasure – Subsequent Dismissal Not a Breach of Human Rights

Mixing Business with Pleasure – Subsequent Dismissal Not a Breach of Human Rights

Summary The applicant (“A”) brought proceedings against his employer in the European Court of Human Rights (“ECtHR”) after being dismissed for sending personal messages during working hours using the employer’s computer. The ECtHR found that there was no breach of A’s human rights and dismissed the complaint. Facts A was responsible for replying to clients’ […]

Summary of Iran Sanctions Relief

Summary of Iran Sanctions Relief

On January 16th  2016, Implementation Day was announced. This marks the day on which the International Atomic Energy Agency (“IAEA”) verified that Iran implemented its agreed nuclear related commitments contained in the JCPOA. Simultaneous with the IAEA verification, the European Union (“EU”) and United States (“US”) took the actions necessary to lift sanctions. CLICK HERE to read more.