Hunton raids MBRM for tax launch

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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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DWS scores first Dubai-London Sukuk

Denton Wilde Sapte (DWS) advised the Dubai Islamic Bank (DIB) on the first Sukuk to be listed on both the Dubai International Financial Exchange (DIFX) and the London Stock Exchange (LSE). DIB’s $750m (£382m) debut issuance was issued via the DIB Sukuk Company, a special-purpose vehicle established in the Cayman Islands. The issuance comes after […]

Government report slams employment tribunals

Employment tribunals are “too costly and complex” and make “inconsistent decisions”, according to a government report. Commissioned by Secretary of State Alistair Darling in December 2006, Michael Gibbons’ review of the employment dispute resolution system highlighted a number of problems. He noted that more should be done to help employers and employees resolve more disputes […]

KKR retreats from Sainsbury’s deal

US private equity house Kohlberg Kravis Roberts (KKR) has pulled out of the CVC-led consortium that is mulling an £9.5bn offer for J Sainsbury, the UK’s third-largest supermarket. The Clifford Chance-advised consortium now comprises Blackstone and Texas Pacific Group, as well as longstanding Clifford Chance client CVC. The three private equity houses now have until […]

CMS makes up first non-equity partners

CMS Cameron McKenna has reversed its poor showing of promotions last year, making up 10 to its partnership. This year’s new partners will be the first to be voted into the non-equity tier that was introduced earlier this year (see The Lawyer, 25 January) after a three-year strategic review. The firm scrapped its all-equity partnership […]

Belgian-Japanese strength wins Takeda for A&O

Allen & Overy‘s (A&O) Tokyo office has sourced a valuable Japanese client, which the firm has just advised on its first European acquisition. A&O advised Japan’s largest pharmaceutical company Takeda on its purchase of unlisted UK company Paradigm. London-based corporate partner Anna Buscall led the team at A&O alongside IP partner Colleen Keck and Kenneth […]

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