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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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Exclusive: Axiom weighs up IPO after years of deliberation

Flexible legal resources provider Axiom is considering an initial public offering in a bid to turbocharge the company’s growth, The Lawyer understands. Sources close to the matter claim that the firm’s internal talks are reaching a head after several years of deliberation. An Axiom spokesperson said today: “Axiom does not comment on rumours or market speculation”. […]

TLT advises Sparkol shareholders on MBO

TLT has provided strategic and legal advice to the shareholders of world-leading software development company Sparkol, culminating in a management buy-out. The sale will enable serial entrepreneur and founder Jon Air to focus on new ventures, while Sparkol’s management team will continue to build on the company’s success. Sparkol’s flagship products include whiteboard animation explainer […]

HMRC appoints interim GC after Aitken’s departure

HMRC has named in-house lawyer David Bunting to replace Gill Aitken as director general of the solicitor’s office and legal services group on an interim basis. Bunting will report to HMRC chief executive Jon Thompson from 1 July while an open recruitment process is conducted to find Aitken’s permanent replacement. Bunting is expected to step […]

The bank of the future, Monzo, selects Apperio to increase visibility over legal spend

Apperio has announced that revolutionary mobile-only bank, Monzo, has selected Apperio. Apperio is an automated legal spend management and analytics SaaS platform that enables in-house lawyers to track and analyse their legal spend across all law firms, in real-time, in one place. Monzo was frustrated with the limitations of its current manual process where it […]

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