Divided loyalties

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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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Islington claims test case triumph

Robert Lindsay Islington Council is celebrating a landmark House of Lords victory over interest swaps which will see it receive a refund of about £500,000. The Lords last month overturned a 1993 High Court judgment which forced the council to pay compound interest on money received under a swaps agreement with Westdeutsche Landesbank. The ruling […]

In brief: Lloyd's goes on-line with Web site

Lloyd’s of London has announced the launch of a site on the World Wide Web. Starting on 7 June, the site will offer up-to-the-minute news and information about Lloyd’s reconstruction and renewal programme. Lloyd’s also plans to expand the capacity of the site to publicise its products and services. The site can be found at […]

Rail management on track thanks to firm

City law firm Theodore Goddard advised management in its victory over the bidding war for Freightliner, British Rail’s container freight business. The buy-out was overseen by James Ballingall, head of the firm’s railway group. Theodore Goddard has advised a number of parties bidding for parts of British Rail as it goes through the Government’s privatisation […]

Law firm lottery

Charity may begin at home, but the majority of charities surveyed by The Lawyer believe it may also stretch to the offices of a law firm; 65 per cent say their legal bills are “costly but acceptable”. Only 10 per cent of the charities consider the fees charged by their external legal advisers are “excessive”. […]

Rosenblatt cashes in on HK port deal

London firm Rosenblatt is trying to persuade the City to invest in a £600 million development project at the port of Huizhou in China, 50 miles north of Hong Kong. In an unusual move, Rosenblatt is playing the role of merchant bank adviser to the municipal government of Huizhou which is part of Guangdong province, […]

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