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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 […]

Recommended

Comprehensive tax reform is coming in Mexico

By Manuel Rajunov and Dania Duncan Mexico’s president, Enrique Peña Nieto, has submitted to the Mexican Congress a proposed bill for the comprehensive overhaul of Mexico’s federal tax system. If adopted by Congress, these reforms would take effect as of 1 January 2014. The stated purpose of this proposed overhaul is to establish a more […]

New SDLT sub-sale sale relief

By Niall Murphy In an earlier article, Shoosmiths outlined the introduction of the new sub-sale relief rules. These have now been enacted in the Finance Act 2013. Broadly, under the new provisions, the intermediate purchaser in a transaction has to submit a claim for the relief. Otherwise, the intermediate purchaser will have to pay SDLT […]

Second medical use patents

Patent cliffs remain one of the biggest issues facing the pharmaceutical industry. In 2012 and 2013, a number of high-value branded drugs have lost or will lose their patent protection (for example Sanofi and Bristol-Myers’ Plavix, Novartis’ Diovan, Eli Lilly’s Cymbalta, Novartis’ Reclast and Merck’s Propacae). The resultant erosionof earnings is vast. In the light of […]

Cote brasserie
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Reed Smith, DLA and Olswang dine on £100m Côte restaurant sale

Reed Smith, DLA Piper and Olswang have won lead advisory roles on the sale of French bistro chain Côte to private equity firm CBPE Capital. The  £100m deal will see British high-street tycoon Richard Caring, who also owns a majority stake in private members club Soho House, sell his stake in the business. Reed Smith advised […]

Attempted scam using Allen & Overy name

There are currently two scams being conducted utilising the Allen & Overy name. One is a telephone scam that originated in October 2012. This involves people purporting to be from Allen & Overy contacting members of the public to advise them that they are the subject of litigation from a loans company and may be […]

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