Eversheds merger talks fail to bridge the gap

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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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Eurobond tax could threaten City

Cliff Dammers, secretary general, International Primary Markets Association Boyan Wells, managing partner, Allen & Overy Simon Firth, partner, Linklaters A curious spot of Euro-meddling in the billion-dollar eurobond market is threatening a calamity in the City. The European Union’s (EU) determination to stamp out tax evasion has led to proposals for taxing the profits of […]

Digest

Skadden Arps Slate Meagher & Flom, New York’s largest law firm, is taking on top antitrust partners in Europe for its Brussels office. James Venit is moving from rival US firm Wilmer Cutler & Pickering, where he was Brussels senior partner. Venit acted for AOL on its $140bn (£92.8bn) merger with Time Warner. At Skaddens […]

Next week's news

Britain’s longest legal hearing, the Terminal 5 inquiry, is due to wind up after more than 504 days of evidence and arguments. Anyone who has been stuck at Heathrow waiting for a plane will have immediate sympathy for the lawyers who have been stuck there for nearly four years.

US law firm teams up with Radcliffes

AN OLD friendship between two South African ex-pats has brought US insurance law giant Cozen & O’Connor into a co-operation agreement with Westminster firm Radcliffes. As its first move towards establishing a London office, Cozens – which with 125 partners is the 20th biggest law firm in the US – is to share the office […]

Property

Nabarro Nathanson acted for Greenwich NatWest on the disposal of five property-related businesses to the William Pears Group for £21m. The deal included the sale of around 400 houses and flats owned by the five former Business Expansion Scheme companies. Partner Jerome Misso led the Nabarro team, with property aspects handled by a team led […]

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