Barclays have set up a training contract where participants will spend half their time at TLT or Simmons & Simmons (i.e. in private practice) and the other half in house at Barclays. At the end of the training contract, trainees can apply for nq positions at any of the three organisations. This course, along with the SQE, is another way [...]
Once hailed as “one of the most innovative developments” in the home loan market and “the bedrock of financial planning for millions”, the Shared Appreciation Mortgage which was offered to consumers by the Bank of Scotland (now part of the Lloyds Banking Group) and Barclays Bank in the 90s, soon revealed itself as a grossly unfair product with bitter consequences [...]
Billed by the Banks in the late 90s as one of the best and most generous retirement mortgages on the market, SAMs offered customers the opportunity to release up to 25% of the value of their property. The mortgages have, however, had the effect of trapping clients in their own homes. In addition to the adverse practical impact of the [...]
The first known arbitration decision following the Commercial Rent (Coronavirus) Act 2022 has been released, under which the tenant failed to obtain relief from rent arrears in respect of its registered office. Facts Signet Trading Ltd, the world’s largest specialist jeweller which operates around 300 retail stores and trades as H Samuel and Ernest Jones, sought relief from its rent [...]
Teacher Stern LLP are pleased to announce that they have successfully negotiated a settlement with Barclays Bank on behalf of 37 clients who took out Shared Appreciation Mortgages in the late 1990s. While the details of the settlement are confidential Teacher Stern LLP are proud to have concluded settlement on behalf of their clients who had suffered years of uncertainty [...]
Consumer Credit Act applies to settlements by “Tomlin” order – CFL Finance Ltd v Gertner On 23 February 2021 the Court of Appeal handed down its judgement in CFL Finance Ltd v Gertner [2021] EWCA Civ 228, confirming that the Consumer Credit Act 1974 (CCA) can apply to settlement agreements appended to “Tomlin” orders and that deferment of a debt [...]
Do students have a leg to stand on when it comes to legal advice and action for missed education and reduced university experience? Hundreds of thousands of students have signed several online petitions calling for tuition fees to be refunded due to disrupted teaching during the coronavirus pandemic. Each petition has been debated in Parliament and given the response “Higher [...]
Teacher Stern has been recommended as a top-tier firm with an elite Leading Lawyer in the Legal 500 2021 Teacher Stern is delighted to be recommended as a top-tier firm in 5 practice areas in The Legal 500 UK 2021 edition. The team are also celebrating Martine Nathan’s listing as a leading individual in the elite Leading Lawyers group. Martine [...]
From Sports Betting to the Stock Market... what’s the difference? Since the Coronavirus outbreak there has been virtually no sports betting due to nearly all sports events around the world being cancelled. What we have seen is the rise of an army of day traders who had previously been avid betters on a host of sporting events who have now [...]
Highlight on a High Court Decision - CCA applies to Tomlin Orders In an important decision for almost anybody involved in commercial litigation, the High Court on 22 May 2020 handed down the first decision stating categorically that the Consumer Credit Act 1974 (CCA) does apply to agreements recorded in Tomlin Orders. The case in question is Gertner (1) and [...]
