Addleshaws team exit fails to deter Berezovsky

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Latest Briefings

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

BVI to implement changes to rules governing SPCs registered under BCA

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

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Scottish uprising

Scottish firms are gearing up for a better time after two years in the doldrums, says Margaret Taylor  After a torrid 2008-09, Scotland’s law firms continued to suffer during the 2009-10 financial year. Of the top 20 Scottish firms by turnover McGrigors, which posted a revenue rise of 10 per cent, recorded the highest […]

Focus on Lone Star state as merger plans take shape

Merger-mania hit the US late last month as two potentially market-changing deals broke cover in less than a week. Then, within 24 hours, one collapsed. Few in the market will have been surprised that Orrick Herrington & Sutcliffe featured prominently in one of the potential mergers. The firm, which earlier this year confirmed it had […]

GCHQ legal chief leaves for partnership at BCL Burton Copeland

Lincoln’s Inn firm BCL Burton Copeland has hired GCHQ’s director of legal affairs Michael Drury. Drury joins the firm as a partner after more than 14 years with the government intelligence agency, where he was the first full time legal advisor. At GCHQ Drury took control of all legal issues relating to government interception and […]

SJ Berwin Paris fund contingent nabs leading role on AIP close

SJ Berwin’s Paris funds team has secured the lead role acting for BNP Paribas-backed Antin Infrastructure Partners (AIP) on the close of a e1.1bn (£0.95bn) fund. Paris corporate finance partner Arnaud David led the SJ Berwin team on the deal, with Paris tax partner Sylvie Vansteenkiste acting on tax matters. The deal’s value exceeded the […]

Hammonds takes on ex-Simmons partner

Hammonds has recruited former Simmons & Simmons partner Mark Norris as head of its London banking practice. Norris spent nine years as a partner at Simmons, including a stint as head of the London banking group, before leaving the firm last year. He also managed the firm’s Frankfurt and ­Dusseldorf offices and set up its […]

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