In brief: Lester Aldridge revamps its management

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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 […]

Recommended

London arbitrators' cost promise is welcomed

In a move welcomed by the Master of the Rolls, Lord Woolf, and the Lord Chief Justice, Lord Bingham, London arbitrators are promising to cap arbitration costs to 20 per cent of the amount in dispute. Lord Woolf, who has been calling for the concept of making costs proportionate to the amount of issue, said […]

The week's top five

David Krischer of Allen & Overy and Keith Ainsworth of Edge & Ellison advised US mortgage lender Ocwen on its securitisation of £222m worth of mortgage loans by special purpose vehicle. Sidley & Austin acted for the arranger, Greenwich NatWest and the trustee, Chase Manhattan. Peter Finlay, Douglas Peel and Witold Jurcewicz of White & […]

Cameron plays key role in Exchange merger

The London Stock Exchange’s in-house team, led by Allan Cameron, played a key role in negotiating its strategic alliance with the Deutsche Borse. Cameron, a member of the Stock Exchange’s management committee, will now sit on a joint London-Frankfurt project board, with fellow management committee member Martin Wheatley, chief executive Gavin Casey and three members […]

In brief: Simmons declares its US link a success

Simmons & Simmons is claiming a major endorsement of its 10-month-old joint venture with US firm Fried Frank Harris Shriver & Jacobson with the completion of its biggest deal, the $8bn privatisation of state electric utility Endesa – the largest ever privatisation in Spain. The joint venture unit, International Securities Unit, advised Endesa on its […]

In brief: Chambers strikes secret eleventh-hour deal

Michael Price, senior clerk at Lindsay Burn’s set in Queen Elizabeth Building, struck a secret deal with four former tenants last week on the eve of a planned 13-day trial. Price was set to sue Paul Ozin, Garrett Byrne and Brendan Finucane (all now at 23 Essex Street) and Nicola Langridge (now at Hardwicke Building) […]

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