REUTERS | Navesh Chitrakar

A useful analogy can be drawn between the negotiation and execution of a contract, where the output is an executed contract, and the manufacture of an object, such as a car, where the output is a finished product. In a contract negotiation, the other party stands in the place of the customer for the finished product. While many customers are willing to accept standardised, mass-produced goods, others require varying degrees of customisation, which is also the case with contracts. Looking at the evolution of manufacturing provides a useful insight into the way that the contract review process has developed, where playbooks fit in, what other changes we can expect, and how to respond.

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REUTERS | Clodagh Kilcoyne

The week before Christmas saw several developments in relation to the UK audit market, including publication of the final report of the Kingman review. Meanwhile the government announced extensive employment law reforms following the Taylor Review and published a White Paper on the UK’s future skills-based immigration system. The Court of Appeal also gave judgment in a key employment status case.

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REUTERS | Jason Lee

I met James Bartle at the Thomson Reuters Foundation Trust Conference 2018. Sitting in the front row of the audience, we struck up a conversation about his company, Outland Denim, a premium Australian-based denim brand. After a brief chat about slavery practices in manufacturing, he politely excused himself and casually walked up on stage to speak on the next panel. The session was titled, ‘Slave-Free’: A Unique Selling Point? and it was truly inspiring.

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REUTERS | Grigory Dukor

Prime Minister Theresa May was forced to defer the meaningful vote on her Brexit deal in December and the vote will now take place during the week commencing 14 January 2019. In another key development, the ECJ gave hope to the anti-Brexit lobby by ruling on 10 December 2018 that the UK could unilaterally revoke its Article 50 notice without needing the European Council’s consent.

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REUTERS | Ajay Verma

The Government is concerned that many organisations are still failing to meet their basic legal obligations when it comes to tackling modern slavery in supply chains.

They stepped up the pressure towards the end of 2018, with the Home Office writing directly to chief executives of 17,000 organisations with a general warning that ‘continued non-compliance’ will not be tolerated’. The organisations were urged to publish their  modern slavery statement, if reporting for the first time or otherwise, by 31 March 2019.

Not doing so, for those obliged to make this statement, means running the risk of inclusion in a publicly available list of non-compliance; thus being ‘named and shamed’.

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REUTERS | Sergei Karpukhin

In addition to Brexit planning, this month in-house lawyers should also be aware of new initiatives on corporate governance, tackling poor payment practices, and improving reporting on disability, mental health and wellbeing.

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REUTERS |

When was the last time you thought about changing your whistleblowing hotline provider?

Perhaps you’ve thought about it because of the significant cost relative to the number of actual reports you receive. Perhaps you’re frustrated with the complexities and technical challenges of offering your global employees a genuinely easy and free to use telephone reporting service, in their local language.

Perhaps you’ve thought about it, but, like the majority of companies with an incumbent provider, it’s unlikely you’ve done anything about it.

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REUTERS | Nikola Solic

Much attention is focused on the remuneration for executive directors in large UK listed companies. It receives huge media, Government and investor interest even though it concerns less than 1,000 people directly – but one theme is of wider application as it is beginning to affect UK bonus arrangements generally.

This is “malus and clawback”. Although there are now many investor and corporate governance bodies which recommend malus and clawback, the Investment Association has issued the most recent guidance in the form of its updated Investment Association principles of remuneration.

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REUTERS | Mike Segar

November was a pivotal month for Brexit negotiations with the publication  of the full text of the draft UK-EU withdrawal agreement, and the political declaration on the framework for the future UK-EU relationship (the deal). The House of Commons will debate and vote on a motion to approve the deal over five days, with the debate starting on 4 December 2018, and the vote taking place on 11 December 2018.

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REUTERS | Amit Dave

As a Magic Circle lawyer turned GC, I genuinely thought I had tried everything to make compliance a reality: from quizzes, workshops and role play, through to diving into IT systems to identify payment schemes or correct unfortunate wordings in commercial templates. I thought I had done it all. However, despite my best pedagogic efforts, I would still see people’s attention gradually drift to their phones during training sessions. Continue reading