Given the rising adoption of cryptocurrencies and the recent crash of Luna, there has been an increased scrutiny of the cryptocurrency world - and the UK is no exception to this. At the same time, the UK acknowledged in a Treasury report in February 2022 that it needed to act quickly to preserve its position as a crypto hub by [...]
On Friday 17 December Ganfeng Lithium announced that its recommended takeover offer for Bacanora Lithium PLC had become effective, which valued Bacanora at approximately £260 million. The Takeover Code Rules changed in July 2021 and this is the first takeover offer made under the new regime to be successful. Bacanora, whose shares are traded on AIM, is a lithium development [...]
On 14 December 2021, Stagecoach and National Express announced that they had agreed a £1.9bn merger, but behind the scenes of this mega transaction, Stagecoach had agreed to divest part of its businesses and shares in Scottish Citylink Coaches Limited to companies within the ComfortDelGro group in order to address any potential competition issues. Teacher Stern advised Scottish Citylink Coaches [...]
Teacher Stern is proud to have secured top rankings in the Legal 500 2021, an independent directory that ranks the UK’s top law firms. Our Corporate & Commercial team have retained their Tier 2 ranking for London law firm - M&A deals for under £50m and our lawyers continue to be recognised as experts within their fields. Martine Nathan, Partner, Corporate [...]
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 [...]
Teacher Stern adviser to Big Time Gaming on EUR450 million sale Teacher Stern acted as lead legal adviser to online slot games developer Big Time Gaming on its agreement to sell to Evolution Gaming. Evolution Gaming Group will acquire the entire issued share capital of Big Time Gaming Pty Ltd for a total consideration of up to EUR 450 million, [...]
David Rubin & Partners Limited acquired by Begbies Traynor Group Plc The acquisition of the insolvency practice David Rubin & Partners by Begbies Traynor was completed earlier this week. David Rubin & Partners, with offices in London and Guernsey, has a team of 72 partners and staff, all of which will join Begbies Traynor following the acquisition. Teacher Stern acted [...]
The Chancellor’s Budget speech had far less in it than had widely been expected. In short – there were no tax rises (other than corporation tax). Here are some of the key points: Stamp Duty Land Tax The temporary increase in the residential SDLT Nil Rate Band to £500,000 has been extended to 30 June 2021. From 1 July 2021, [...]
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 [...]
