Garretts quartet takes BA to TJG

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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 […]

Recommended

Charles Russell wins ex-Dechert chief

Dechert has lost its former head of property to Charles Russell. Chris Edwards’ decision to leave comes after a period of reinvention for his former practice since the transatlantic merger of Titmuss Sainer Dechert and Dechert Price & Rhoads in July 2000.A well-known and highly-rated name in the owner-investor market, Edwards will take over from […]

Weil Gotshal scoops WorldCom restructure

Weil Gotshal & Manges has picked up another high-profile restructuring. Not content with working on Enron – the US’s biggest bankruptcy – and restructuring telecoms company Global Crossing, the US firm is advising troubled telecoms giant WorldCom.Weil Gotshal has confirmed that a team led by New York corporate partner Jeff Weinberg and restructuring partner Marcia […]

Deals summary

DJ Freeman (Jonathan Lewis) advised Benchmark Group on the acquisition of the freehold interest in Trevelyan House, 30 Great Peter Street, London, for £29.6m from KP Fund. Penningtons (Roger Loveland) advised KP Fund. Boodle Hatfield (Tim Manning) advised Grosvenor on its joint venture with JER to redevelop Belgrave House in Victoria, with an end value […]

Nabarros’ turnover inches up as profits drop five per cent

Nabarro Nathanson has come in just under budget with a 5 per cent rise in turnover for the last financial year, but has shown a 5 per cent drop in profitability.Turnover rose from £87.3m in 2000-2001 to £91.4m, while profits per partner dropped from £363,000 to £345,000.Senior partner Simon Johnston put the profits drop down […]

Eight new firms join Ecomlex

Field Fisher Waterhouse‘s IT and e-commerce referral association has signed up eight new members, giving it a total of 15 firms. Ecomlex now covers all EU countries except Luxembourg and Greece.The new members are: Plesner Svane Grønborg from Denmark; Coelho Ribeiro e Associados from Portugal; Kennedy Van der Laan from the Netherlands; HH Partners from […]

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