DAC and Beachcroft moot £175m 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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White & Case

White & Case has a long and ­illustrious history, but although during 2011 the ship has been steadied, 2010 was a year its energy practice would prefer to forget. After a mass exodus of ­partners from its Middle East network to Latham & Watkins – a firm that also had its eye on one of […]

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Any firm would be happy with a $67bn deal under its belt, so Cleary Gottlieb Steen & ­Hamilton can be forgiven for being proud of its role advising Brazilian energy ­giant ­Petrobras on its mammoth global equity offering, the world’s largest ever. The deal says as much about Cleary’s capital markets ­practice as it does […]

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Norton Rose creates deputy managing partner role

Norton Rose has introduced a deputy managing partner role, appointing corporate head Tim Marsden to the position as part of a global management overhaul. Marsden’s mandate will be to support managing partner and chief executive Peter Martyr, while remaining on the group’s executive committee. He has led the corporate practice for nine years, alongside his […]

Hungary: Hungary like the wolf

Hungary’s governing coalition is baring its fangs and lawyers believe its bold reforms will encourage investment in the longer term. Like many countries in ­Eastern Europe, Hungary has undergone significant political reform recently. The country’s 2010 elections saw a landslide victory for right-wing party Fidesz, which now governs in coalition with the Christian Democratic People’s […]

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Inwards and upwards

Ireland’s domestic woes have not seen foreign investors become disenchanted with the country. Joanne Harris reports on law firms’ handling of a glut of FDI-related mandates Foreign direct investment (FDI) into Ireland has always been important to the country’s ­economy, but arguably never more so than right now.As the new Irish government, elected in February, […]

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