International boundaries

International solutions to insolvency can lead to good results, but caution is needed to ensure that rules can be applied globally. Susan Moore reports

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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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The drain in Spain continues for accountancy-tied firms

Spain’s past and present accountancy-tied law firms have struggled to shrug off the tough economy during 2003, with all recording scant increases in overall gross incomes for the year. Former Andersen-tied giant Garrigues saw its yearly revenue edge up by just 2.5 per cent to €164m (£111.1m), according to the latest figures compiled by Spanish […]

Eurotunnel panel review threatens Herbert Smith

Herbert Smith is bracing itself for the prospect of losing longstanding client Eurotunnel, as the tunnel operator’s new management conducts a shake-up of its legal and banking advisers. The firm, whose relationship with Eurotunnel stretches back to the 1980s, met with the company last week as part of a series of talks with bankers and […]

Leader

Bryan Cave transaction partner David Pfeiffer speaks quickly and without emotion, characteristics which doubtless served him well during his two recent visits to Iraq. On both occasions he and his 11 fellow travellers, all Western businessmen, were escorted in bullet-proof vehicles and were each assigned an SAS bodyguard. Wisely, they avoided Baghdad, where Pfeiffer said […]

Gide looks south with new Belgrade office

French firm Gide Loyrette Nouel has launched a new office in Serbia and Montenegro in a bid to capture more privatisation work. Associate François d’Ornano will move from the firm’s Budapest office to lead the Belgrade expansion. He will be joined by one lawyer from Paris, who is French, Serbian and Croatian-qualified, and a local […]

Kemp Little finds new home for ambitious strategy

Technology boutique Kemp Little has finally exchanged contracts on new premises at Cheapside after a lengthy search. The firm signed the lease yesterday (May 11) on just under 10,000 sq ft of space in Cheapside House at 138 Cheapside which the firm will move to in July after outgrowing its current Gutter Lane home. Kemp […]

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