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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 […]

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New York's leading law firms enjoy IPO revival

New York’s elite law firms are riding a wave of initial public offering (IPO) optimism. After months of ominous quiet on the IPO front, firms are beginning to see renewed interest in equity capital markets. Skadden Arps Slate Meagher & Flom, Cleary Gottlieb Steen & Hamilton, Shearman & Sterling and Cravath Swain & Moore have […]

Lovells promotes nineteen to partnership

Lovells has elected 19 new partners to take effect from 1 May, bringing the total number of partners worldwide to 334 across 26 offices in Europe, Asia and the US. Nine of the newly elected partners will be based in London, two in Munich, two in Frankfurt, and one in each of the Chicago, New […]

Lovells' former Spanish beau in hunt for new merger

Albiñana & Suarez De Lezo (formerly Melchor de las Heras) has announced that it is back in the market for a merger after talks with Lovells fizzled out last year.When the Lovells talks finished, the firm announced that it wanted to remain independent, but it has now said that it is open to offers.“Our position […]

CC's Italian furore takes a twist as Chessa opts to remain with firm

Clifford Chance’s wranglings with its Italian partners took another turn last week when it emerged that senior banking partner Luigi Chessa has been persuaded to stay with the magic circle firm.Chessa is understood to be a likely frontrunner for the new managing partner role, which Clifford Chance wants to introduce in Italy.However, Italian senior partner […]

Camerons and Dentons lose out in Crown Estate reshuffle

CMS Cameron McKenna and Denton Wilde Sapte have both lost out in a rejig of the most important Crown Estate panel.The competitive reten-dering of work for the commercial urban estates of Crown Estate, the most significant asset in the portfolio, saw the two heavyweights lose important ground to smaller players.Berwin Leighton Paisner, Burges Salmon and […]

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