Corus bondholders turn to Cadwalader for help

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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

UK court claims jurisdiction over company in Chapter 11

Eversheds, Freshfields Bruckhaus Deringer and Sidley Austin Brown & Wood have advised on a groundbreaking cross-border insolvency. A High Court ruling in Brac Rent-A-Car International gives UK courts jurisdiction over US-registered companies in Chapter 11 for the first time, providing the company has sufficient UK interests. Sidley put Brac’s parent company Budget Rent a Car […]

Ashursts wavers on lockstep

Ashurst Morris Crisp has changed its position yet again on the issue of remuneration in the run-up to the partnership vote on a merger with Fried Frank Harris Shriver & Jacobson. The Lawyer understands that just two Ashursts partners from an original shortlist of five will be granted points above the top of lockstep, more […]

BLP drives out six in equity partner rejig

Berwin Leighton Paisner is the latest firm to resort to a process of managing out and de-equitising partners in a bid to keep profits on an upward curve in tough market conditions. The process is understood to have led to six partners exiting the firm. A further four have been either de-equitised or are being […]

Middle East law offices stand firm as war rages

In the last Gulf War, most western lawyers and staff in the regions closest to the fighting in Iraq were evacuated or relocated. While this war looks set to be as long and bloody, most firms in Bahrain, which is within missile strike range of Iraq, are biding their time. So far, only two Norton […]

A&O reaps £31m from Marconi restructuring

Allen & Overy (A&O) is set to bill more than twice the combined amount notched up by Clifford Chance and Bingham McCutchen as the restructuring of Marconi nears its conclusion. A&O, Marconi’s long-time legal adviser, is already expected to be paid £25m for its work on reorganising the embattled telecoms company. Overall law firms’ billings […]

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