Isle of Man: Space Industry

The space industry has landed firmly on the Isle of Man. Andrew Corlett reports on how proposed changes to Manx law will encourage further investment from global companies

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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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Norton Rose aims to rebuild with new banking head

Norton Rose’s global head of banking Jeffery Barratt is stepping down to be replaced by the firm’s London banking head Stephen Parish. Barratt will return to full-time client work in the reshuffle, which sees Parish assume responsibility for the banking and finance work of Norton Rose’s 19 international offices. Parish said: “I’m obviously of the […]

Morgan Lewis to launch white-collar crime team

Morgan Lewis & Bockius is launching a French white-collar crime practice with the hire of former Rambaud Martel partner Thierry Dalmasso. Dalmasso joined the US firm’s Paris office on 16 January along with three associates. He was previously a partner at independent firm Rambaud Martel, which broke up after Orrick Herrington & Sutcliffe announced that […]

Townsend’s Microsoft settlement challenged

West Coast IP boutique Townsend and Townsend and Crew has all but finished its seven-year, $1.1bn (£624.7m) consumer class action against Microsoft, which should reap fees of around $101m (£57.4m). Microsoft, represented by Heller Ehrman White & McAuliffe, first settled the case in January 2003. It agreed to pay more than $1bn (£567.9m) in any-brand computer vouchers […]

West Midlands merger creates top 100 UK firm

West Midlands firms Cartwright & Lewis and Challinors have announced they will merge, in a partnership that is expected to push the new firm into the top 10 in the region. The agreement will come into effect from April 1, with 34 partners and 120 fee earners set to join the new firm, Challinors Incorporating […]

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