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Following on from our Private Equity predictions for 2017, our Private Equity and Venture Capital team reflect on activity over the previous 12 months and give their predictions for 2018:

The recent decision in Sackville UK Property Select II (GP) No 1 (1) Sackville UK Property Select II Nominee (1) Ltd (2) v Robertson Taylor Insurance Brokers Ltd (1) Integro Insurance Brokers Ltd (2) [2018] EWHC 122 (Ch) serves as a reminder of the preparation and attention to detail that must be taken when serving break notices.


The Court of Appeal made a decision in W Portsmouth & Co Ltd v Lowin [2017] EWCA Civ 2172 at the very end of last year which clarifies some tension between two costs provisions in the Civil Procedure Rules.

Part 36 deals with how costs are awarded when a Part 36 offer for settlement has been in play. CPR 36.17(4)(b) provides that if a claimant beats their own Part 36 offer then costs should be awarded on the indemnity basis.

The legendary Liverpool FC manager Bill Shankly once said “If you are first you are first.  If you are second, you are nothing”, and at the PyeongChang 2018 Olympic and Paralympic Winter Games the competitors strive for a Gold medal.  A recent case demonstrates that creditors enforcing a debt should also seek to be first across the finish line.

Stotts Tours, are the first UK employer to face prosecution for non-compliance with the auto-enrolment legislation.

The Pensions Regulator, the regulator of work-place pension schemes in the UK, decided to bring charges against Stotts and its managing director after they admitted to deliberately avoiding setting up a work-place pension for 36 of its workers eligible under the auto-enrolment scheme. 

The principle of the Equality Act 2010, is that men and women should get equal pay for equal work.  Therefore employees (including apprentices and those working from home) are eligible to claim, whether they work full time, part time, casual or on temporary contracts, regardless of their length of service.

Usually we can expect fees to rise but The Ministry of Justice have recently announced that the OPG fee refund scheme has now been launched.


Many people make LPA's to ensure that their affairs, both in respect of financial matters and their personal welfare, can be effectively managed on their behalf in the event that they become incapacitated.

A recent High Court decision has highlighted the need for contracting authorities and utilities to ensure that their tender documentation is as clear as can be.

In the case of MLS (Overseas) Ltd v The Secretary of State for Defence, the Ministry of Defence (MoD) was found to have fallen short of the required level of clarity in its tender documentation by not specifically highlighting the fact that a ‘fail’ mark for a particular question would lead to a tenderer being disqualified.


It has been more than seven years since the Equality Act 2010 was brought into force, yet it has been widely acknowledged that there is still some work to be done in the area of Sex Discrimination.  The Fawcett Report (“Report”) was therefore set up to ask the direct question “Is sex discrimination law in the United Kingdom fit for purpose?”.

This week we learned from the High Court the details of exactly how the information that has become known as the ‘Paradise Papers’ found its way in to the public domain. The papers concern information deriving from law firm, Appleby.

According to court papers prepared by Appleby, the following is an account of how the Paradise papers came to be made public: