In brief: Halliwells poaches rival's property lawyer

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Latest Briefings

Impact of DSARs in the GDPR Era

Since the General Data Protection Regulation (GDPR) went into effect this past May, there has been a significant uptick in the number of data subject access requests (DSARs). Due to these regulatory changes, along with steep fines and shorter deadlines to complete requests, the compliance burden on organizations has to be taken seriously. To effectively […]

British Virgin Islands introduces the Micro Business Companies Act

By Alan Hughes As a leading oÂshore Ênancial center and in keeping with its constant drive toward the development and implementation of robust, modern and progressive corporate products, the British Virgin Islands (BVI) has recently introduced the Micro Business Companies Act (the “MBC Act”) – bespoke and innovative legislation designed speciÊcally toward developing and supporting the […]

Court’s guidance on identifying a firm’s centre of interests

By Duncan Lole, Gawain Moore, Geoff Cunningham In the recent case of Re Videology Ltd, the English High Court considered the factors relevant for determining a company’s centre of main interests (or COMI) and whether it had an establishment in a foreign jurisdiction for the purposes of the Cross-Border Insolvency Regulations 2006. Walker Morris insolvency experts, Duncan […]

Redress scheme outcome challenges – Have they ended?

By Paul Gair The recent case of R. (on the application of Holmcroft Properties Ltd) v KPMG LLP 2018 WL 04636705 has confirmed that Judicial Review is not the appropriate avenue for a bank customer unhappy with an accountancy firm acting as a ‘skilled person’ in approving an offer of compensation by his bank under a redress […]

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Recommendations by ICI chair get mixed response

ICI chairman Sir Ronald Hampel’s recommendations on corporate governance have been welcomed by Herbert Smith partner David Paterson, who chaired the Law Society committee that made submissions to Hampel. But other lawyers have criticised Hampel for pulling back from earlier groundbreaking reports by the Cadbury committee on corporate governance and the Greenbury committee on executive […]

Law Soc pushes for US access

Law Society president Phillip Sycamore is to meet next month with the judge responsible for admissions to the New York Bar, in a bid to convince him to open the way for English and Welsh solicitors to practise in the state. Following private meetings at the ABA conference, the Law Society has also been invited […]

Financing

Freshfields advised drinks company Matthew Clark on its £85m syndicated refinancing. Herbert Smith acted for BZW, the coordinator of the deal, and Barclays Bank, the agent.

E&Y's £800m claim against Bank of England struck out

The High Court’s decision to strike out an £800m claim against the Bank of England over the collapse of the Bank of Credit & Commerce International (BCCI) has made legal history. It is believed to be the first time a judge has decided to review all the evidence in a claim and then strike it […]

LAB accused of pilot secrecy

CRIMINAL practitioners invited by the Legal Aid Board (LAB) to take part in a new pilot scheme to test block contracting for duty solicitors have accused the board of being too secretive about its plans. The LAB has invited duty solicitors to “express interest” in a new criminal advice and assistance contract pilot due to […]

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