In brief: Rakisons moves into old Linklaters office

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Latest Briefings

Future of public procurement in UK in the event of ‘no-deal’ 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 […]

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 under CPR 71 – Court of Appeal

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 […]

BVI to implement changes to rules governing SPCs registered under BCA

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

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Quote of the week

“Lawyers are eunuchs… We know how to do it, we see it done every day, yet we don’t do it ourselves.” – John Verrill, vice-president of the Insolvency Lawyers Association. The inappropriately named Verrill is rather piqued that accountants get the exciting bit of winding up companies, leaving emasculated insolvency lawyers to do the backroom […]

Law Society votes to give itself a face-lift

The Law Society agreed to implement a radical face-lift last week in line with proposals made by business troubleshooter and tony Blair confidante Sir Dennis Stevenson. The Law Society council has agreed to: elect the deputy vice-president only; dissolve many of the 140 committees and appoint specific task forces for individual projects; restrict the number […]

Herbert Smith scoops Slaughters

Slaughter and May, the traditional leader on major stock exchange flotations, has acted on none so far this year, while Herbert Smith has scooped a higher number and total value than any other firm. KPMG figures showing the total number of flotations in the past four years still put Slaughters at number two by deal […]

MDP illegality probe by Canadian lawyers

A working committee of top Canadian lawyers is examining whether the current ban on multidisciplinary partnerships (MDPs) in Canada is illegal. It is also drawing up a model of how MDPs should be regulated if the ban is lifted. The committee, formed by last month’s mid-winter conference of the Federation of Law Societies of Canada, […]

San Fran firm recruits first UK-qualified partner

SAN FRANCISCO-based firm Orrick Herrington & Sutcliffe has hired its first UK-qualified partner, marking the start of a drive into English law practice. Christopher Lewis has left Simmons & Simmons’ Hong Kong office to join Orrick Herrington’s one-year-old Tokyo office. He will support the firm’s structured finance practice, the lynchpin of its international expansion plans. […]

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