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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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Chadbourne & Parke wins fight to open Beijing office

New York firm Chadbourne & Parke is to open an office in China, having been granted a licence by the Chinese Ministry of Justice. Chadbournes applied for the licence in 1994. It has finally received its certificate of approval and is now in the process of deciding exactly which lawyers it will charge with the […]

Marconi courts national firms

Telecoms and engineering giant Marconi is extending its panel to include cheaper non-City firms for the first time. The company spends around £10m a year in the UK on legal fees – a large chunk of which will now be spent outside the City. Head of legal Jeff Gordon tells The Lawyer he is talking […]

Property

Clifford Chance represented Burford Holdings on the second and third lettings of Mayfair Place redevelopment. A 20-year FRI lease for 11,000sq ft has been signed with Brixton Estate at a rent of £650,000 per annum. 44,000sq ft have been let to commodity trader Glencore UK, which signed a 20-year FRI lease at an annual rent […]

The Winner’s circle

The winner’s circle Competition for The Lawyer Awards this year was as fierce as ever. The quality of submissions for both individuals and firms was astounding. The Lawyer looks at some of the winners and exactly why they were the ones awarded a prize Banking and capital markets team of the year It will come […]

It’s been a bad week for

Robin Cook. The Foreign Secretary faces being sued by former MI5 and reluctant French resident David Shayler. Cook had dismissed Shalyer’s allegations of MI6’s involvement in a plot to kill Libyan leader Colonel Gadafy in a BBC television interview. Shayler said:”Mr Cook’s claims that my allegations were ‘pure fantasy’ will be exposed as defamatory as […]

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