Finers Stephens Innocent and Howard Kennedy agree terms for £45m merger

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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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2

Slaughters joins Sullivan legend Cohen on Standard Chartered advice

Slaughter and May and Sullivan & Cromwell have won roles advising Standard Chartered Bank following allegations by a New York regulator that it had concealed $250bn of transactions with the Iranian government. The UK and US duo have been instructed to represent the UK bank in dealings with authorities, according to Reuters, after the New […]

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Moves: 6 August 2012

Norton Rose has recruited London criminal law specialist Neil O’May. He is a longstanding Bindmans partner and head of the crime group. Move of the week O’May acted for Labour Party fundraiser Lord Levy during the so-called ‘cash for honours’ scandal and is set to join the UK firm’s business ethics and anti-corruption group. UK […]

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Reed Smith wins Co-op relationship with £950m refinancing

Reed Smith banking partners Phillip Slater and Lucy Newcomb have won the firm a new client by securing a role opposite Linklaters on the Co-operative Group’s £950m debt refinancing. The finance duo, who worked with the Co-op in their previous roles at Addleshaw Goddard, advised the British retail business on a new finance package that […]

2

Gateley signs legal helpline deal with insurer ACE Group

Gateley has sealed a deal with global insurer ACE Group to create a legal advice service for businesses and senior directors and officers (D&O). The firm’s employment team will provide a free legal helpline in a bid to cut costs and time managing claims by preventing them from developing. Lawyers will advise on staff disputes […]

Cooke Young & Keidan acts as first Libor litigation hits court

Cooke Young & Keidan took a lead role as Barclays yesterday faced court action relating to the alleged mis-selling of complex derivatives. Partner Philip Young instructed counsel Tim Lord QC of Brick Court Chambers on behalf of care home provider Guardian Care Homes, which is pursuing allegations of interest rate swap mis-selling and Libor fixing […]

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