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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 […]

Recommended

Thelen Reid to dissolve by December

The partnership council of Thelen Reid Brown Raysman & Steiner, Pinsents Masons’ former US alliance firm, has confirmed that it is recommending the dissolution of the firm. It is expected Thelen will close its doors for the last time on 1 December this year. The US firm’s partnership council recommended a vote for dissolution today […]

Leap of faith

Some non-Muslim countries are now making regulatory changes to ensure that their domestic companies are able to access liquidity in the Middle East. By Farmida Bi and Aziza Atta As the conventional markets buckle under the stresses of recent weeks, there is a ­possible alternative on the horizon. A number of market participants have begun […]

Get tooled up

In response to my post last week suggesting that the mid-market is snapping up real estate rainmakers (22 October), a City-based recruiter that deals with most of the top 100 got in touch to tell me that, by contrast, not one of his clients is hiring property rainmakers. “There’s no hiring going on because nobody […]

Freshfields associate takes operations role

Freshfields Bruckhaus Deringer associate George Swan has taken on the role of operations officer in the firm’s corporate practice management team. Swan replaces Richard Thexton, who was the first associate to hold the position. The role was created in March when Mark Rawlinson succeeded Tim Jones as head of corporate, and is designed to give […]

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Cobbetts extends redundancy talks

Cobbetts has launched a redundancy consultation with 28 members of support staff, bringing the firm’s potential number of job losses to 69. Cobbetts is in redundancy talks with 28 members of support staff, bringing the potential number of redundancies at the firm this year to 69. Twenty secretaries may lose their jobs as a result […]

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