Clarity on clearance

Jade Murray & Madeleine Cox provide the latest on the moral hazard provisions

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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

CC scoops £2.7bn Punch deal after Slaughters conflict

Clifford Chance has bagged its first successful M&A deal for Punch Taverns thanks to a Slaughter and May conflict. The magic circle firm advised the UK-listed pub company on the £2.7bn acquisition of Spirit Group, which was announced earlier today (1 December). According to reports rival bidders for Spirit included the Barclay Brothers, property mogul […]

Tax is the way to relax

Overheard, one not-at-all jealous partner talking about his tax counterparts: “And they all retire at 43 because they know how to put their money to use.”

Pinsents strengthens Asia with triple corporate boost

Pinsent Masons has expanded its Asian operations, poaching two corporate heavyweights and a senior China-qualified lawyer for its Hong Kong and Shanghai offices. The firm has appointed Clyde & Co partner Dale Fischer, DLA Piper Rudnick Gray Cary partner Andrew Lui and Boss & Young consultant Amanda Yao. The latest hires are part of a recruitment drive that has […]

The bar

Joanne Harris on the bar in the last month:
Barrister takes Bar Council to court over complaints-handling
HM Revenue & Customs costs case threatens direct access
Profession awaits new QC list
Chambers make flurry of appointments

Ashurst, Fried Frank, Travers scoop NTL/Virgin roles

Ashurst, Fried Frank Harris Shriver & Jacobson and Travers Smith are celebrating after landing roles to advise NTL on its £817m bid for Virgin Mobile.Virgin Mobile, which floated on the London Stock Exchange last year, confirmed this morning (5 December) that the company has received an approach from NTL. According to reports NTL has made […]

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