Firms set up financial crisis response groups

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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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City office upgrade signals Mintz Levin’s drive to boost corporate, IP

US firm Mintz Levin Cohn Ferris Glovsky and Popeo is to move into bigger offices in London as it seeks to build up its reputation for corporate and IP in the UK capital. The firm has taken 7,700 sq ft of new space at office block Alder Castle in Noble Street, London, which will be […]

Welcome

This week The Lawyer reported that Cobbetts is to make 40 fee-earners redundant – its second wave of redundancies this year – while Blake Lapthorn is in discussion with 43 members of staff and Finers Stephens Innocent with a further 6 real estate fee-earners plus support staff. This follows on from the previous week’s news […]

Gibson Dunn on bailout plan: act now

President Bush today (Friday 3 October) signed a historic bill aimed at bailing out ailing US financial institutions and providing assistance to financially stretched homeowners. The $700bn financial rescue package was approved earlier today by the US Congress less than a week after a previous version had been rejected. Gibson Dunn & Crutcher was among […]

Outward bound

The Abu Dhabi United Group grabbed the headlines with its takeover of Manchester City FC, but the move was merely the most visible example of the United Arab Emirates’ foreign investment boom. The great Liverpool FC manager Bill Shankly once said: ­“Football isn’t a matter of life and death – it’s much more ­important than […]

Wall St woes: Byrne in the USA

And then there were more. The Linklaters team advising PricewaterhouseCoopers on Lehman Brothers’ bankruptcy just keeps on growing. As revealed last week, the firm has already put a mega 20-partner, 60-associate team on the matter in London (19 September). Now the magic circle firm is pulling out the stops on this side of the Atlantic […]

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