Days of debt

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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 […]

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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Allen & Overy
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A&O facing SRA probe over Dahdaleh bribery trial

Two Allen & Overy (A&O) partners are facing an SRA investigation over what their barrister called an “extraordinarily ill advised” meeting during a high-profile bribery trial against businessman Victor Dahdaleh. Partners David Esseks and Peter Watson were representing Dahdaleh in his defence against the Serious Fraud Office (SFO), which alleged he funnelled billions of dollars […]

Cambridge

Cambridgeshire legal team latest authority to eye ABS spin-off

The legal team at Cambridgeshire County Council is considering setting up an ABS vehicle in a bid to cut the council’s legal expenditure. The team, which merged its legal function with Northamptonshire County Council’s in 2010 (26 April 2010), has already prepared its ABS application as the council faces a reported £37m in budget cuts.  However […]

Starting gun fired on Freshfields London corporate race

The race is on at Freshfields Bruckhaus Deringer to appoint a new London corporate head following Julian Long’s promotion to London managing partner. But who will fill his empty shoes? Will the role go to partner Julian Makin, a corporate deal maker with strong City and investment bank contacts? Or will strong leader Simon Marchant […]

Barclays

Barclays teams up with diversity networks to launch summer scheme

Barclays in-house legal department has teamed up with diversity networks Aspiring Solicitors, The Black Lawyers Directory Foundation and The Sutton Trust to offer 80 legal work placements this summer. The work experience, starting this summer, forms part of one strand of the bank’s citizenship agenda, dedicated to increasing access to the profession. The bank intends […]

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