Etiquette

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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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Linklaters secures Bunhill Row lease for new offices

Linklaters & Alliance is taking on the lease of a 100,000sq ft office at 3 Bunhill Row, London EC1, adjacent to Slaughter and May‘s new Chiswell Street building. Linklaters was advised in-house, with real estate partner Elizabeth Bennett leading the team. Construction partner Simon Burch also worked on the deal. Bennett says that a final […]

powergen / e.on

Slaughter and May scooped this deal from the jaws of Freshfields after it had a massive conflict – being the law firm of choice for both Powergen, through London, and E.ON, through merger partner Bruckhaus Westrick Heller Löber in Germany. Slaughters was called in without beauty parading, in a move believed to be the result […]

McDermott to advise on e-banking

The London office of Chicago firm McDermott Will & Emery is setting up a new practice group to advise investment banks on e-commerce work. The group, dubbed the financial markets technology practice, will be cross-disciplinary and will include US-based lawyers even though it is headed out of London. It will advise financial services institutions, software […]

Garretts hires Dewey Ballantine lawyer

Andersen Legal Garretts is taking on its first US-qualified capital markets partner from the London office of New York firm Dewey Ballantine. Drew Salvest, who has been a partner at Dewey Ballantine for three years and before that was a partner at Brown & Wood, specialises in securitisation and capital markets. He is the fourth […]

Dechert expands in US with West Coast office

Transatlantic firm Dechert is ramping up its US presence and opening up its first office on the West Coast. The firm is setting up a practice in Newport Beach, which is about 30 miles south of Los Angeles in Orange County. The office will focus on financial services work for some of the firm’s key […]

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