Catalyst turns to CC for pro bono after Ashursts refuses

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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 […]

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 […]

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SRA sidesteps panel to use A&O on review

The Government’s Strategic Rail Authority (SRA) has gone off-panel to appoint Allen & Overy (A&O) to the coveted role of adviser on the Network Rail securitisation and on the interim review of Network Rail ordered by the rail regulator. SRA invited firms to tender for the work because key adviser Linklaters is advising Network Rail […]

FFW auditions European Legal Alliance hopefuls

Field Fisher Waterhouse is conducting the final stages of beauty parades to select an Italian and Spanish firm to join its exclusive network European Legal Alliance The Lawyer understands that Field Fisher will shortly begin negotiations with a preferred Spanish firm and will then proceed to finalise an agreement in Italy.The firm’s main criteria for […]

Lovells shifts banking ace to Milan post

Lovells has moved partner Andrew Welbourn to Milan to head up its Italian banking and project finance practice Welbourn joined the firm a year ago from Milbank Tweed Hadley & McCloy and was previously at Allen & Overy. Welbourn has dealt with a wide spread of finance work, mostly Italian-based and particularly in the power […]

Shearman lands China Netcom work

Shearman & Sterling has scooped an instruction to advise China Netcom Corporation (Hong Kong) in connection with its purchase of the assets of Bermuda-based undersea cable operator Asia Global Crossing (AGC) The deal is the first cross-border acquisition of a telecoms business by a Chinese state-owned company. Shearman won the instruction after participating in a […]

Corporate deals round-up

Davis Polk & Wardwell (Eugene Gregor, John Crowley) advised Barclays Capital, Credit Suisse First Boston and JP Morgan as joint bookrunners on an SEC-registered Schedule B offering by the Korea Development Bank of $300m (£190.6m) of 5.25 per cent notes due 2007 and $450m (£285.9m) of 5.5 per cent notes due in 2012. Cleary Gottlieb […]

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