Mishcon de Reya page structure
Site header
Main menu
Main content section

Mishcon & the World

Issue 22: December 2024

Mishcon & the World

Editor's Note

The rush to get everything completed before the Christmas/New Year break/end of year was always a big thing. But is it still the thing it was?  Do the different ways that we work now mean that we all work in a way that means that end of year pressure has changed?  Is it the case that our clients' commission arrangements mean they still want to close the deal – and earn their year-end commission – before the calendar turns to 2025? Or is it that we, as the lawyers, want to stop for a week or two?

Certainly, this year, with Christmas Day falling on a Wednesday, I am guessing that the UK will grind to a halt the Friday before, and then rubbing its eyes and stomachs, slowly reappear at work around the 6th of January. And if not on the 6th, then by about the 13th.

Every year, Christmas and the break surrounding it, seems to come as a surprise – and I don’t know why! Every year, Christmas falls on the 25th of December, and the UK marks the day after as Boxing Day, when the country shuts down. And yet, every year, those two dates seem to surprise too many of us – the rush the week before, when even if we are too old to sustain the childhood excitement of Christmas for more than a few weeks really ought to not come out of the blue. We know it's coming; it has done so every year we've gone to work, and I am willing to guarantee that it will do so for every future year that I – and you – will be working as lawyers.

My sense is that we – as private practice lawyers – are more able to take time off at the end of the year, because even if our clients need something closed by the year end, we can fit it in from home or away – the laptop and the broadband connection mean that we risk never really taking a total break, and can do whatever is needed to meet our clients' needs.

So, whether you are celebrating Christmas, or just talking the time off to recharge, have a good one, hopefully without too much last-minute year-end work!

News

Autumn Budget 2024

The Chancellor of the Exchequer, Rachel Reeves, delivered her first Budget today, 30 October, under the new Government. Much had been made about the "black hole" in the UK's finances. In an attempt to plug the gap, the Chancellor has delivered a wide-ranging Budget covering most taxes that were not ringfenced in Labour's manifesto promises.

Video
abstract cross weave

A new tax landscape for non UK domiciled individuals

Our Private Wealth and Tax team hosted a digital session on Thursday 7 November where we clarified some of the complexity surrounding the new rules and gave you some points to consider and guidance on possible actions to take.

News
Black and blue striped texture

Victory for Thom Browne in UK trade mark battle against sports giant, adidas

In the judgment in Thom Browne Inc and Thom Browne UK Limited (Thom Browne) v adidas AG and adidas International Marketing B.V. (adidas) ) [2024] EWHC 2990 (Ch), which was handed down on 22 November 2024, the High Court of England and Wales decisively found in favour of the luxury fashion brand, Thom Browne, and its "Four-Bar Design" clothing, dismissing adidas' claims of trade mark infringement and passing off and finding that several of adidas trade marks for three stripes on clothing were invalid.

News
Abstract blue

Navigating international estate planning: Patrick Harney and Olivia Lines for Trust & Trustees journal

Art collections are often international, and so too must be the approach to their planning. As such, estate administration regarding an asset like art requires a nuanced approach, acknowledging its cultural value alongside the legal and financial implications. The 30th Edition of Oxford University Press' Trusts & Trustees journal has been published, featuring an article written by Mishcon Private's Patrick Harney (Partner) and Olivia Lines (Trainee Solicitor). The article explores the complex nature of navigating international estate planning, UK inheritance tax considerations and the need for specialist executors who understand the art world's unique demands.

News
Mark Lanning

Hong Kong Spotlight: Mark Lanning

Mark Lanning is an Immigration Director at Mishcon de Reya with 18 years’ experience in immigration and cross-border investment.

News

Safer haven: Tahirah Ara and Vincent Sim for Asian Legal Business

In a feature for Asian Legal Business, Tahirah Ara, Managing Partner for Singapore and Head of Asia, alongside Vincent Sim, Managing Associate at Mishcon de Reya, discussed Singapore and Hong Kong's respective efforts in becoming the preferred hub for family offices in Asia.

Mishcon & the World Issues

How can we help you?
Help

How can we help you?

Subscribe: I'd like to keep in touch

If your enquiry is urgent please call +44 20 3321 7000

Crisis Hotline

I'm a client

I'm looking for advice

Something else