Bonus of contention

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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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Herbies adds to Hong Kong litigation group as local lawyer joins Clifford Chance

Herbert Smith has added a Goodwin Procter partner to its Hong Kong team as a senior consultant quits the firm to join Clifford Chance. Global investigations lawyer Kyle Wombolt has joined Herbert Smith’s Hong Kong disputes practice while competition litigation senior consultant Stephen Crosswell has left to join Clifford Chance’s local office as a consultant. […]

8

CoL gives £300k to flagship charity in same year CEO earns £440k

College of Law’s chief executive Nigel Savage earned a greater sum in its last financial year than the course provider donated to its flagship diversity scheme, The Lawyer can reveal. The registered charity donated £300,000 in 2010 to its much-publicised Pathways to Law Programme, which was launched in 2006 with the aim of getting students […]

Irregular…but not uncommon

A former Ince & Co partner is under investigation by Scotland Yard after allegedly deciding that the best place for £3m of client money was his own bank account (see story). The firm suspended energy chief Andrew Iyer last July over what it called “irregular financial behaviour” (see story). Given the news that has come […]

Matthew Jones
1

Focus: SNR Denton: We shall overcome

Shocking financials have blighted SNR Denton’s first year as a combined entity. Chief executive Matthew Jones explains his plan for turning the firm’s fortunes around SNR Denton’s UK LLP financial report this year is going to make for grim reading, there is no way to sugarcoat that. To be fair, the firm’s UK LLP CEO […]

Tim Hailes, Joint Associations Committee and JPMorgan
3

Finance industry’s principles keep the watchdogs at bay

The restating of sector guidelines on retail structured products is politically well-timed, says Catrin Griffiths Sometimes, saying something once is just not enough. Just four years after they were released, the combined principles for managing the relationships between those involved in selling and buying retail structured ­products (RSPs) – a document thrashed out by the […]

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