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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 […]

Recommended

Haarmann loses Berlin office as Salans strikes

Salans has made a dramatic first move into the German legal market by snatching the Berlin office of the beleaguered German independent Haarmann Hemmelrath. The move sees Salans take on 35 fee-earners, including 13 partners. The Berlin team specialises in tax law and privatisations, but also offers advice in corporate, property, insolvency and employment. Dariusz […]

United States

As transatlantic transactions increase, so do their complexity. This US special report looks to the lessons that can be learnt from the current attempts to reduce attorney-client privilege and the Securities and Exchange Commission’s proposal to allow foreign issuers the ability to avoid the burdens of Sarbanes-Oxley by deregistering in the US. It also examines […]

Blake’s election sparks SJ Berwin management shake-up

SJ Berwin has confirmed corporate partner Steven Davis as the firm’s incoming head of European corporate finance and private equity. Davis will replace Jonathan Blake at the helm of the corporate group from 1 May, when Blake will assume the role of senior partner. Blake will, however, remain an active member of the group. Blake […]

City Report

Despite the mass exodus from the City during the festive period, M&A lawyers experienced a relatively busy end to 2005. According to Thomson Financial, 292 deals involving any UK element and totalling $43.5bn (£24.7bn) were announced in December 2005. In contrast, November saw 260 deals totalling $34.6bn (£19.6bn) announced. Magic circle firm Clifford Chance topped […]

Lawrence Graham dumps outdated international network

Lawrence Graham has walked away from its network of European law firms following a wholesale review of its international relationships. The firm has disbanded its alliances, which form Lawrence Graham International (LGI), and is pursuing best friend relationships with larger European firms which have specialist capabilities. European firms involved in the original network include Italian […]

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