Banking and finance news from Luxembourg: the law bill on patrimonial foundations

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

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Italy real-estate update — July 2013

The development of regulations requiring earthquake resistance in buildings in Italy has been a complicated process, often resulting from a reaction to a specific event, an approach that makes creating a legal framework difficult, but with the coming into force of Presidential Decree no. 380/2001 the rules to be followed in the construction of new […]

Goodman Derrick advises on CCL sale to Hertz

Goodman Derrick has advised the shareholders of CCL Vehicle Rentals Ltd in respect of the sale of the company (for an undisclosed amount) to multinational car rental company Hertz. The CCL shareholders included management and outside parties and were led by majority shareholder Steven Tucker. Paul Webb led the Goodman Derrick team, which included Heli […]

ACCC obtains its first unfair contract terms declarations: ACCC v Bytecard Pty Ltd

The Australian Competition and Consumer Commission’s (ACCC) first case solely based on the unfair contract terms provisions of the Australian Consumer Law (ACL) has resulted in the Federal Court declaring by consent that four terms in that standard form contract are unfair contract terms and therefore void (in other words, of no effect)… If you […]

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Reed Smith wins High Court battle for Rihanna against Topshop

High street retailer Topshop has lost a High Court battle with international pop star Rihanna. Rihanna, whose real name is Robyn Fenty, instructed Reed Smith to launch the claim after the retailer sold T-shirts bearing her image without permission. Reed Smith partner Michael Skrein instructed 8 New Square’s Martin Howe QC to lead the claim. […]

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