Shanghai pioneers in liberalising China’s legal market

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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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DLA Piper advises Synergia Capital Partners on share issue investment to Res2

DLA Piper has advised Synergia Capital Partners on a share issue investment to Res2 BV. Res2 has created a new-generation departure control system named ‘iPort’, which provides information on departures for airline passengers. The system is currently used by more than 100 airports and airlines across six continents. The share issue provided by Synergia will […]

Cyprus: the stone on the beach — its financial problems and the eurozone

So here we go again — the world’s single biggest currency back in play. Cyprus is a tiny economy but the treatment of its financial problems by the eurozone could have symbolic and far-reaching consequences. Cyprus is like a small stone on a big wide beach casting a long shadow all the way down the […]

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One Essex Court’s Grabiner and Mishcon bring Guy Hands EMI case to UK

One Essex Court’s Tony Grabiner QC and Mishcon de Reya have picked up a role on private equity magnate Guy Hands’ long running battle against Citigroup over his ill-fated acquisition of EMI. It emerged last week that the case would be unexpectedly transferred to the English courts from the US after several court hearings in […]

Conyers advises underwriters on Lenta initial public offering

Conyers Dill & Pearman has advised the underwriters, Credit Suisse, Deutsche Bank, JP Morgan, VTB Capital, UBS and TBG Capital, on the initial public offering (IPO) of Lenta, a Russian hypermarket chain. Global depositary receipts of Lenta began trading on the main market of the London Stock Exchange and the Moscow Stock Exchange on 5 […]

Romania: new perspective on dawn raids and leniency following criminal legislation amendments

By Cătălin Suliman The entry into force in Romania on 1 February 2014 of the new criminal codes implementing laws — i.e. Law no. 187/2012 and Law no. 255/2013, respectively — brought important changes to certain non-criminal laws such as Competition Law no. 21/1996 republished, as further amended and supplemented. Two of these amendments concern the requirement […]

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