AIG restructuring calls on US elite

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

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Freshfields secures Guardian gag for Barclays

Freshfields Bruckhaus Deringer has secured a gagging order against The Guardian on behalf of Barclays Bank, forcing the newspaper to remove some of the bank’s internal documents from its website. Paul Lomas Freshfields Bruckhaus Deringer has secured a temporary gagging order against The Guardian on behalf of Barclays Bank, forcing the newspaper to remove some […]

CAT names users’ committee members

The Competition Appeal Tribunal (CAT) has picked the members for its first users’ committee, nine months after CAT president Gerald Barling announced he was to launch it. The ;Competition Appeal Tribunal (CAT) has picked the members for its first users’ committee, nine months after CAT president Gerald Barling announced he was to launch it. CAT registrar […]

Baker Botts latest US firm to lay off lawyers and staff

Texas firm Baker Botts announced today that it is laying off lawyers and staff due to the reduced demand for its services. In a statement, managing partner Walt Smith said that despite “a strong balance sheet” and “a conservative approach” to its financial affairs, Baker Botts was not immune from the effects of the recession. […]

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Olswang fails to overturn Guardian injunction

Olswang has failed in its bid to overturn a temporary gagging order made against its client The Guardian. Paul Lomas Freshfields Bruckhaus Derringer partner Paul Lomas (pictured), acting for Barclays Bank, secured the injunction against the newspaper on Tuesday after it published seven documents that outlined details of an alleged tax avoidance scheme at the […]

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