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What do litigators think of the witness statement reforms?

Practice Direction 57AC has now been in force for almost two years. Its aim was to eradicate the practice of lawyers creating lengthy, document-heavy witness statements as vehicles for narrative, commentary and argument. Under the new regime, trial witness statements in the Business and Property Courts ought to be concise…
10/03/2023

Love Hemp bought out of administration

BusinessCann has learned that Love Hemp has been bought out of administration by Portillion SPV1 Limited for an undisclosed sum. A spokesperson for Love Hemp's administrators Begbies Traynor told BusinessCann: "The Joint Administrators of Love Hemp Limited, Paul Cooper and Jamie Taylor of Begbies Traynor Group Plc, are delighted to announce…
Melania Badain
23/02/2023

Temple Bright builds out its construction professionals practice in super-networked…

Bristol and London law firm Temple Bright has continued to expand its South West construction practice, securing further appointments to advise a wide variety of professional firms in the sector. Clients now include architects, landscape architects, interior designers, planning consultants, structural engineers, transport consultants, building surveyors, quantity surveyors and project…
Julia Davenport-Cooper
27/01/2023

Spring Finance secures funding line with HTB

Specialist lender Spring Finance (Spring) has announced that it has recently completed on a funding line with Hampshire Trust Bank (HTB), which will be used to fund bridging, heavy renovation and light development loans. Spring launched its specialist bridging proposition to the whole of the market in June this year and, against the backdrop…
Alistair Hill
12/01/2023

COVID-19 loan support schemes – potential consequences for directors of…

Various loan support schemes were introduced by the UK government to help businesses during the coronavirus pandemic. Two of the most well known (and most utilised) of such schemes are the Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS). These two schemes (Schemes) were subject…
Melania Badain
10/01/2023

Artificial intelligence can make inventions, hold convincing conversations and write…

AI systems are designed to mimic human problem-solving and decision-making capabilities, but at vastly higher rates. Recently, they have been designing magazine covers and identifying candidate drug molecules, for example. They learn by training themselves on large data pools, on which they hone their algorithms. They are adaptive and autonomous,…
Jeremy Morton
19/12/2022

Temple Bright acts on sale of Phoenix Dynamics to HUBER+SUHNER

Law firm Temple Bright has advised the owners of Phoenix Dynamics Ltd on a sale of the company to Swiss technology business HUBER+SUHNER. Phoenix Dynamics is a provider of customised, assembled cable solutions, electro-mechanical assemblies, concept design and consulting for the industrial markets in Europe and North America. Based in…
Stuart Hutson
21/11/2022

Audit rights in IP licences – be precise!

Intellectual property licences and other forms of revenue sharing agreements (in which a share of an income stream is paid on to another party) commonly contain clauses permitting the party receiving payment to audit the party making the payment, so that the receiving party can verify that it is being…
Andrew Tibber
18/11/2022