Clyde & Co launches in US following raid

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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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Profits and performance

Partners at ASB will be taking comfort from the fact that profit per equity partner (PEP) is up by 24 per cent on last year, hitting £161,000 after 2004-05’s £130,000. Bizarrely, the firm declined to reveal fee income, which is understood to have remained static at last year’s £18.2m. Recent months have also seen strong […]

White & Case wins Arcelor financing role

White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel’s EUR26.9bn acquisition of rival Arcelor. The deals will be financed through a EUR10.8bn syndicated loan, one of the biggest European deals of recent years. The loan consists of a EUR5bn and a EUR2.8bn acquisition line. The remainder […]

Lawyers are the only winners as Gas Natural feels the chill in Spain

With Gas Natural’s €22.5bn (£15.35bn) hostile bid for Endesa halted by a Madrid commercial court, some are suggesting that the only beneficiaries of the drawn-out affair may be the law firms advising. Over eight months, Endesa, advised by Clifford Chance partner and head of competition Miguel Odriozola, has filed more than 30 legal and administrative […]

England’s exploits bring out the hooligan in Mayer Brown

After England’s, ahem, heroic exploits at the weekend, the nation’s lawyers are returning home to pop in on The Lawyer Awards tonight before heading back out for the Portugal game on Saturday. Mayer Brown Rowe & Maw head of securitisation Dominic Griffiths nearly failed to get into the England game. On the eve of the […]

Cravath and Cadwalader snare key roles on $16.6bn Johnson & Johnson deal

New York firms Cravath Swaine & Moore and Cadwalader Wickersham & Taft have both grabbed the top roles on Johnson & Johnson’s $16.6bn acquisition of Pfizer Consumer Healthcare. Cravath partner George Schoen said old connections helped the firm win its role: “Johnson & Johnson is a long term client of Cravath. It’s a carve-out business […]

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