Growing into success does not mean merger

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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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Placements

Linklaters & Alliance represented Green Property Management and the Whitehall Fund on facilities to finance the acquisition of a portfolio of properties from P&O. The acquisition was effected through a joint venture between Green Property and Whitehall. Partner Philip Badge led a team of eight on the deal. Sullivan & Cromwell provided US legal advice […]

The Firm

The Lawyer Awards, where a marvellous night was had by all – well, nearly all… Clive Anderson: …and the award for Legal Personality of the Year goes to… Jack Straw! No, just a little joke there. Oh, apparently it isn’t. The legal personality of the year is Jack Straw. Now, I’m told Jack’s a very […]

‘The elder statesman of the banking world’

Rodgin Cohen Banking lawyer ‘par excellence’ Rodgin Cohen has just taken over the chairmanship of Sullivan & Cromwell. Devoted to his practice and one of the firm’s biggest billers, he is no less committed to making Sullivan & Cromwell the market leader in Europe. Claire Smith reports. Rodgin Cohen has a deadly serious expression on […]

Flotation

Cleary Gottlieb Steen & Hamilton represented the Swedish Ministry of Industry, Employment and Communication, acting for the Kingdom of Sweden, on an offering of shares in national telecoms company Telia AB. Partner Sebastian Sperber led a team of two on the deal. Sullivan & Cromwell acted for Telia AB while Skadden Arps Slate Meagher & […]

The great thing…

The great thing about the so-called new e-conomy is that it has introduced a whole set of new euphemisms into business speak. Only last week, Amazon, that giant of e-commerce, the first great virtual retailer, and the subject of more MBA dissertations than any other company, saw its shares plummet by 20 per cent after […]

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