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Ideas are just the start

Ideas are just the start

My Experience As A Summer Student

I wasn’t sure what to expect at the start of my summer placement at Burness Paull. But, having now completed my six weeks at the firm, with stints in banking & funds and dispute resolution, my experience as a summer student at the firm has been really interesting and far more ‘hands on’ than I had expected it to be. 

Last week was my final week, and I was asked by the employment team to head off to the Court of Session in Edinburgh to sit in on, and prepare a detailed update on, a highly anticipated interim interdict hearing that was taking place that day.

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LChalmers

What Is The Role Of The PPF? UK Coal Deal Heats Up The Debate

UK Coal last week announced an innovative restructuring of its mining division, which will see its pension scheme enter the Pension Protection Fund (PPF). The PPF is a lifeboat fund which provides compensation to pension scheme members where their employer becomes insolvent. It is funded by an annual levy payable by pension schemes in the UK.  

The restructuring will result in UK Coal’s pension liabilities transferring to the PPF with the remaining viable parts of the mining business being moved (together with the assets) to individual companies owned by a new business.

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LChalmers

A Fresh Look At Standard Contractual Terminology – Do You Really Know What It Means?

Think about the last contract you drafted or negotiated and answer the following questions:

  1. Did you spend more time agonising about (a) the liability provisions and service levels, or (b) the “not to be unreasonably withheld” qualification to the requirement to provide consent?   
  2. If you were able to agree on “all reasonable” instead of “best” endeavours in relation to a particular objective, was that the end of the discussion or was the provision qualified in any way? 

Now fast forward two years after the contract start date and

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LChalmers