Hammonds settles dispute with seven ex-partners

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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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Stanford receiver calls on Camerons

CMS Cameron McKenna is advising the receivers of two Antiguan companies owned by Texan billionaire Allen Stanford. The Financial Services ­Regulatory Commission of Antigua and Barbuda called in Vantis client partners Nigel Hamilton-Smith and Peter Wastell as joint receivers of Stanford International Bank and Stanford Trust Company last week. Vantis has appointed Camerons banking partner […]

DWF turnover hits £60.1m in 2008-09

DWF generated turnover of £60.1m in the past financial year, a rise of nine per cent on the £55.3m it made in 2007-08. The percentage growth for the full year is marginally lower than it was at the half-year stage, when the Manchester-headquartered firm recorded growth of 12.5 per cent for the first six months […]

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Return to 2004: Financial flashback

Magic circle firms appear to be experiencing a sense of déjà vu. The figures look like going back to 2004 levels. We all know that ;the world is getting smaller. But by how much? Three of the big four magic circle firms have all confirmed reductions in headcount. All firms are now retrenching to the […]

NYC elite secure mandates on AIG restructuring

Davis Polk & Wardwell, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk & Wardwell, Simpson Thacher & Bartlett, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk corporate […]

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