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London approach meaning

What does London approach mean?
In practice, the London approach describes a consensual, bank-led process for multi‑creditor corporate workouts aimed at preserving the business as a going concern and maximising recoveries. It is not defined in legislation or case law; it is a descriptive label for market practice that originated under the Bank of England’s leadership of UK bank restructurings in the late twentieth century. Typical features include a voluntary standstill on enforcement while creditors share information (often via an independent business review), formation of a lead bank or creditor steering committee, negotiations seeking majority‑lender support, protection or priority for rescue “new money”, and broadly pari passu treatment of existing financial creditors. The process is voluntary and non‑binding unless documented; it relies on cooperation to avoid value‑destructive insolvency filings and to facilitate debt reschedulings, waivers or debt‑for‑equity swaps. Although the Bank of England no longer actively coordinates such workouts, the London approach continues to inform UK and Irish restructuring practice and the INSOL Principles for Multi‑Creditor Workouts. It is commonly used alongside or as a precursor to formal tools such as schemes of arrangement, Part 26A restructuring plans, CVAs (England, Wales, Scotland, Northern Ireland) and examinership in Ireland. Usage is broadly consistent across these jurisdictions.
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CHECKLISTS
Guideline Hourly Rates: 2021–2026 checklist with London/National bands, annual inflation uplifts and guidance on exceeding GHR

This Checklist outlines the Guideline Hourly Rates (GHR) across periods from 1 October 2021 through 31 December 2023, and the current figures, which were adjusted for inflation on 1 January 2026. From 2024, the GHR are uplifted each year for inflation in line with the Services Producers Price Index. The 2021 Guide remains pertinent for practitioners as it explains the purpose and approach to GHR. At paragraph 28, it states that GHR provide a baseline for summary assessment and can also sensibly inform detailed assessment. The rate applied will also turn on the fee earner’s grade and location, for example whether a Grade A working in London or outside London. For principles and the courts’ approach, see Practice Note: Guideline hourly rates. GHR from 1 January 2026 Grade A - Solicitors and legal executives with over eight years’ qualified experience London 1: £579 London 2: £422 London 3: £319 National 1: £295 National 2: £288 ...

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NEWS
EAT dismisses CNN’s jurisdiction appeal; peripatetic reporter’s unfair dismissal, discrimination and equal pay claims can proceed in London from March 2017

Cable News International Inc v Ms. Saima Bhatti , [2025] EAT 63 Judge Timothy Kerr dismissed the appeal brought by Cable News International Inc. He concurred with Employment Judge Pavel Klimov that reporter Saima Mohsin, whose legal name is Saima Bhatti, is entitled to pursue claims for unfair dismissal, equal pay and discrimination against the respondent, internationally recognised as 'CNN'. The appellate tribunal recorded that the finding that the claimant’s employment bore a sufficient connection with Great Britain from [the beginning of March 2017] onwards rested on his evaluation of the evidence, and that he neither erred in principle nor adopted a wrong approach to the evaluative assessment of that evidence, as set out by the tribunal...

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NEWS
UK Public Law weekly: Supreme Court upholds Russia sanctions; unlawful Public Order Act regulations; key JR and FOI/EIR rulings; UK-France migration treaty; AI regulation; HMCTS evidence system failures

In this issue Equality and human rights Judicial review Information law International law Other public law news Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equality and human rights Supreme Court rules on first Russia sanctions challenge (Shvidler v Foreign Secretary) The Supreme Court concluded, by a 4–1 majority, that the sanctions applied by the Secretary of State for Foreign, Commonwealth and Development Affairs to Mr Shvidler, and, unanimously, that the actions taken by the Secretary of State for Transport against the yacht M/Y Phi owned by Dalston Projects, introduced immediately after Russia’s invasion of Ukraine, were proportionate and lawful notwithstanding the recognised impact on the appellants’ rights under the European Convention on Human Rights. In a robust dissent, Lord Leggatt criticised the majority’s stance in Mr Shvidler’s appeal, holding that the measures against him, as a UK national, were disproportionate and thus unlawful. With...

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NEWS
Planning law weekly: England and Wales—consultation direction, committee delegation, Mayor of London’s powers, key court rulings, Welsh LDP and heritage guidance (2 April 2026)

In this issue: Planning applications and decisions Planning judicial and statutory review Planning policy Heritage and natural environment LexTalk® Planning: a LexisNexis® community Daily and weekly news alerts New and updated content Planning applications and decisions MHCLG publishes new planning consultation direction for England The Ministry of Housing, Communities and Local Government (MHCLG) has issued the Town and Country Planning (Consultation) (England) Direction 2026, made under the Town and Country Planning (Development Management Procedure) (England) Order 2015, SI 2015/595. Under this Direction, local planning authorities (LPAs) must approach the Secretary of State before turning down planning consent for schemes of 150 or more dwellings or flats, where the application remains undetermined before 11 May 2026. See: LNB News 31/03/2026 29. MHCLG publishes planning committee reform response alongside consultation on draft regulations MHCLG has released its reply to the 2025 technical consultation on planning committee reform, together with the launch of a consultation on draft...

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PRACTICE NOTES
Planning law 2021: key judgments tracker for England and Wales

The Planning case tracker presents significant 2021 judgments of interest to planning lawyers, arranged in reverse chronological order. See also: Planning case tracker-2020 [Archived]. December 2021 20 December 2021 - R (on the application of Rights: Community: Action) v Secretary of State for Housing, Communities and Local Government [2021] EWCA Civ 1954 Planning conditions: The Court of Appeal rejected the appellant’s challenge to the Administrative Court’s conclusion that the planning inspector erred in declining to attach conditions to a planning permission on the basis they were said to be unnecessary. Further analysis to follow... 16 December 2021 - R (on the application of Save Britain's Heritage) v City of London Corp (as local planning authority) [2021] EWHC 3561 (Admin) Planning applications and decisions: The Court of Appeal considered the proper approach to interpreting a planning permission (here, consent for converting a dwelling into commercial ‘units’) when deciding whether...

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PRACTICE NOTES
Planning applications affecting heritage assets: statutory duties, policy tests, case law, and Historic Environment Records in England and Wales

Statutory duty to consider heritage impacts in determining planning applications Until 4 November 2024, the framework for heritage assets in Wales—including conservation areas and listed buildings—was contained in the Planning (Listed Buildings and Conservation Areas) Act 1990 (P(LBCA)A 1990). The Historic Environment (Wales) Act 2023 (HE(W)A 2023), which gained Royal Assent on 14 June 2023, consolidated and replaced legislation concerning Wales’s historic environment from 4 November 2024 onwards. Statutory duty in England Section 66 of the P(LBCA)A 1990 provides that, when determining whether to grant planning permission for development affecting a listed building or its setting, the local planning authority (LPA)—which, for these purposes, includes the Mayor of London where planning permission is granted by Mayoral development order—or the Secretary of State must give special regard to the desirability of preserving or enhancing the building or its setting, or any features of special architectural or historic interest it possesses. The courts have confirmed that this duty requires decision-makers to attach “considerable importance and weight” or a “high...

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PRACTICE NOTES
2017 pensions judgments case tracker by topic—for England, Wales, Scotland and Northern Ireland (archived)

ARCHIVED : This case tracker is archived and is no longer actively maintained. It presents a catalogue of notable pensions judgments delivered in 2017 by the courts. The entries in this tracker are arranged by subject. Those subjects appear in the Table of Contents (on the left side of the page), set out there. This Practice Note includes citations to case law from the Court of Justice of the European Union. In general, EU judgments issued on or before 31 December 2020 remain binding on UK courts and tribunals (even where the EU courts later depart from them) until the UK courts exercise their powers to diverge. For the most part, EU case law produced after that date is not binding on the UK, though UK courts and tribunals may still have regard to EU judgments where relevant. For fuller information on the approach to EU case law, see Practice Note: Retained EU law and assimilated law...

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