Deutsche Bank uses Freshfields in bonus battle

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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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BLP snares Herbies real estate star De Pury

Berwin Leighton Paisner (BLP) has swooped for Herbert Smith real estate star Chris De Pury. BLP is in negotiations with Herbert Smith about a starting date, as De Pury needs to conclude a number of deals before leaving. BLP made a huge splash in the real estate market with the hire of Robert MacGregor from […]

Freshfields conference gives associates a voice

Freshfields Bruckhaus Deringer will set up associate-led groups to discuss best working practice as a result of the firm’s inaugural associate conference. As revealed on www. thelawyer.com (22 March), on 23 March the magic circle firm hosted its first London associates’ away-day as part of a range of measures designed to improve engagement with the […]

US law firms reap the rewards of lobbying work as five reach top 20

Lobbying work earned top US law firms $107.15m (£54.52m) in 2006, according to a study by the Centre for Responsive Politics (CRP), a Washington DC-based non-partisan think-tank. Five law firms made the rankings of the top 20 lobbying earners among groups that work exclusively in government affairs and lobbying: Akin Gump Strauss Hauer & Feld, […]

KKR retreats from Sainsbury’s deal

US private equity house Kohlberg Kravis Roberts (KKR) has pulled out of the CVC-led consortium that is mulling an £9.5bn offer for J Sainsbury, the UK’s third-largest supermarket. The Clifford Chance-advised consortium now comprises Blackstone and Texas Pacific Group, as well as longstanding Clifford Chance client CVC. The three private equity houses now have until […]

Co-op dives headfirst into ‘Tesco law’

•The first ‘Tesco law-style’ legal service was launched last week (30 March) by the Co-operative Group as it takes advantage of the Clementi reforms. The group, which owns the Co-op supermarket chain, opened its new legal services head office in Bristol. The draft Legal Services Bill is expected to pave the way for Co-op to […]

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