Financiers and politicians go to war over European financial regulation

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

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Citigroup opts for two-tier Emea panel

Citigroup has overhauled its external legal panels. The Europe, Middle East and Asia (Emea) panel has been split into two tiers. The top level includes Allen & Overy (A&O), Ashurst, Beachcroft, Clifford Chance, Freshfields Bruckhaus Deringer, Herbert Smith, Hogan Lovells, Linklaters and Norton Rose. The second tier features Denton Wilde Sapte and Simmons & Simmons. […]

Trio of firms close £370m West Midlands schools PFI

Addleshaw Goddard, Trowers & Hamlins and White & Case have helped close a schools PFI project in the West Midlands. The firms acted on the first stage of the £370m ­Wolverhampton City ­Council Building Schools for the Future (BSF) project. The scheme involves modernisation of buildings, ICT and facilities for the 26 schools that educate secondary […]

QEB Hollis moves to the City in spirit of competitive advantage

Criminal set QEB Hollis Whiteman is to swap the Inns of Court for the City in an effort to expand its ­regulatory and white-collar crime practices. The set is departing from bar tradition by opening an office on London’s Cannon Street. “Diversification is our watchword,” said the set’s Mark Ellison QC, adding that the move […]

5

Civil service pay: The public sector lawyers who earn more than PM

A number of high-profile lawyers on the public payroll are among the 172 civil servants who earn more than the Prime Minister, David Cameron. David Green QC, the director of the revenues and customs division at the Crown Prosecution Service (CPS), earns between £210,000 and £214,999 – £70,000 more than David Cameron’s annual salary of […]

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Eversheds reports 28 per cent PEP rise

Eversheds’ average profit per equity partner (PEP) figure increased 28 per cent in the 2009-10 financial year to hit £517,000. Last year the firm’s 150 equity partners took home an average of £404,000 (27 May 2009). Despite the rise, the 2009-10 PEP figure is still short of the £552,000 posted at the end of the […]

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