Davis Polk advises UK Govt on banking bailout

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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 […]

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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Shackleton squares up to Manches’ Ward on Madonna divorce

The battle for the assets from Madonna and Guy Ritchie’s marriage is to be fought out by heavyweight family lawyers Helen Ward of Manches and Fiona Shackleton of Payne Hicks Beach. Ward, who set the benchmark for the largest divorce settlement when she secured £48m for Beverly Charman in her split from husband John Charman […]

Hammonds – Payback Time?

When Hammonds rev-ealed last June that it was suing 14 of its former partners for £3m of overdrawings, one of the firm’s insiders predicted that “there’s going to be an almighty spat”. His forecast has come true. When Hammonds rev-ealed last June that it was suing 14 of its former partners for £3m of overdrawings, […]

Stay flexible

Flexible working is as necessary now as it was in the boom. Law firms can be traditional places – and the tendency in an economic downturn is to undo some of the better business practices that have started to permeate over the past few years. Certainly in terms of flexible working, that would be missing […]

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Clifford Chance makes US litigation layoffs

Clifford Chance announced it was laying off 20 associates in its US offices. Clifford Chance makes US litigation layoffs” />Clifford Chance announced yesterday that it was laying off 20 associates in its US offices. The associates are all in Clifford Chance’s 100-lawyer plus litigation and dispute resolution department in its New York and Washington, DC […]

A&O revisits HSBC tower sale with debt refinancing brief

Allen & Overy (A&O) has scored the lead role on a deal to refinance the debt from the sale of the UK’s most expensive building, the HSBC Skyscraper at Canary Wharf. The ;mandate ;came through after Freshfields Bruckhaus Deringer was conflicted out of the deal. HSBC called on Freshfields in May last year when it […]

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