The word on everybody’s lips following the conclusion of London’s glorious Olympic summer is ‘legacy’. The meaning of the term ‘legacy’ varies from one person or organisation to another. Amongst hardened City of London commuters, Marriott Harrison LLP lawyers hope that the Olympic legacy will amount to more than a plethora of fading pink stickers on tube station maps indicating the stops for Games venues.
This autumn promises a stimulus to the sluggishness of commercial activity that preceded the Games and then trailed in its wake. How much of those activities in which our clients are engaged will directly result from the beginnings of the legacy is currently difficult to predict. Nevertheless, while plans are made for new projects, there are plenty of changes in the law to address. In the current issue of MH Update, lawyers from around the firm’s departments examine a number of current legal developments and review matters that have recently been challenging our clients. These include pieces that consider: The interpretation of commercial contracts; changes to the UK security registration regime; proposed changes to the corporate residency test in the Takeover Code; the long awaited auto-enrolment pension scheme; saving rates on empty properties; issues arising on earn outs; the relevance of the Legal Aid Sentencing and Punishment of Offenders Act 2012 to business and a review of the pros and cons of social media in the work place.
The Olympics demonstrated that London is an international city. As the UK economy continues to eschew growth, Marriott Harrison LLP lawyers have been increasing their focus on opportunities to develop international business. With a round-up of some of the firm’s recent international initiatives and projects, one increasingly apparent legacy of the Olympic summer is the City-wide in recognition of the relevance of the global delivery of UK legal services.