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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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Eversheds bins lockstep before age laws kick in

Eversheds bins lockstep before age laws kick in” />Eversheds is ditching lockstep entirely in favour of merit-based remuneration as it braces itself for the introduction of age discrimination legislation later this year. The firm is replacing its modified six-tier lockstep with a scheme based wholly on performance criteria, including fee income generation, profit and strategic value, client service and […]

Fear of foreign firms fuels merger that creates Japan’s largest firm

Japanese powerhouse Nishimura & Partners and Asahi Koma Law Offices are set to form the biggest law firm in the country following the firms’ shock announcement that they are to merge. Nishimura and Asahi signed a merger agreement in principle last week (as first revealed on www.thelawyer. com, 17 April), but the name of the […]

Co-op prepares to launch post-Clementi law firm

The Co-operative Group is to become the first non-legal organisation to take advantage of forthcoming reforms by launching legal services for its members. The Co-op is bringing on board former RAC Legal Services managing director Eddie Ryan to run the new venture. It will offer services such as conveyancing, will writing, probate and accident management […]

Conyers targets Middle East work with new Dubai office

Conyers Dill & Pearman has become the latest offshore law firm to try to tap into the booming Middle East market through its new office in the Dubai International Finance Centre (DIFC). The firm registered at the DIFC in February, but it is still awaiting a licence from the Dubai Financial Services Authority (DFSA). A spokesperson for […]

Pinsents threatens to sue Baker Tilly after Revenue probe

Pinsent Masons is considering legal action against its former accountancy firm after the Inland Revenue launched an investigation into a suspected underpayment of taxes by Masons. Legacy Masons partners have been formally notified of alleged accounting errors made over a number of years by previous accountancy firm Baker Tilly, which many expect will result in […]

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