Fifth London partner quits Cadwalader

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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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Convicted drink drivers, who may now be able to challenge their convictions following the discovery that one of the breath test machines used by the police may be inaccurate. The Intoximeter EC/IR, which is used by eight police forces in the UK and all forces in Scotland, gives higher readings than other models, and accounts […]

Davis Polk man quits for Morgan Stanley

Davis Polk & Wardwell is losing one of its London partners to investment banking client Morgan Stanley Dean Witter. Thomas Reid is to become managing director in the corporate finance services department of Davis Polk’s investment banking division in Europe, focusing on IPOs and other capital markets products. While at Davis Polk in London Reid […]

Berwin Leighton launches web-based joint venture with Deloitte & Touche

Berwin Leighton has become the latest firm to join the dotcom world by launching a joint venture with accountancy giant Deloitte & Touche – and has already considered the option of floating. The firms have jointly invested £5m in setting up an internet venture dubbed Be-Professional, which aims to deliver basic professional services to small […]

Rozenberg

With the Human Rights Act just a couple of months away, the Government seems torn between celebrating a great constitutional milestone and maintaining that nothing much is going to change. Ministers may be forgiven for playing down the seismic shifts that lie ahead: if government departments are torn apart by human rights claims in the […]

Rover Group

A full three months after BMW sold off its Rover car division to the Phoenix consortium for a nominal fee of £10, Midlands-based Rover is just beginning to draw breath. As a result of one the most high profile deals of the year, the newly formed Rover Group has finally put in place its new […]

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