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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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Firms line up for MFI rescue

Ashurst, Salans, SJ Berwin and Speechly Bircham have been handed leading roles in the rescue of troubled kitchen retailer MFI with an 11th hour management buyout. MFI’s management, advised by Speechly Bircham partner Andrew Clarke, has taken control of the company with financial backing from private equity house Merchant Equity Partners (MEP) after a weekend […]

Irwin Mitchell spruces up training contract with central funds

Irwin Mitchell is to centralise its first-year training budget as part of a wider overhaul of the firm’s ­training strategy. Traditionally the firm gave trainees six-month trial periods in four seats over two years. Now trainees will spend four months in three seats for the first year before choosing to specialise in the second year. […]

A&O, Shearman to merge?

A&O, Shearman to merge?03 October 2008 Allen & Overy in talks with Shearman & Sterling? We’re only asking.The rumours in New York are beginning to mount. Allen & Overy in talks with Shearman & Sterling? We’re only asking. The rumours in New York are beginning to mount. Shearman sources deny it, though another source close […]

Capsticks takes regional plunge in Birmingham

Capsticks takes regional plunge in Birmingham” />London healthcare firm Capsticks is opening an office in Birmingham as part of a drive to take the firm national. The office will be the firm’s first launch outside London. Capsticks drew up its Birmingham launch plan in autumn last year after securing a series of places on the […]

Shoosmiths to launch in Manchester

Shoosmiths to launch in Manchester” />Shoosmiths is set open its first office in Manchester within the next three months, which will focus on mortgage recovery work. Lender services head Waine Mannix (pictured) will spearhead the Manchester launch, having recruited lawyers from DLA Piper and mortgage finance company HL Interactive for the new office. Mannix said: […]

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