Lawyers force FSA to defend short-selling ‘quick fix’

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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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Legal Services Act will judge the quick and the dead

The Legal Services Act, allowing law firms to bring in outside investors, presents a powerful opportunity for the bold and a serious threat to the timid. Let’s dispel two myths at the outset. It does not mean that partners can sell 25 per cent of their firm and pocket the proceeds. There might be some […]

Egorov chair makes plea for Russian court reform

Russian law firm Egorov Puginsky Afanasiev & Partners (EPAP) has called for Russia to reform its court system in a bid to entice oligarchs and businesses back to the country. EPAP chairman Dimitry Afanasiev spoke out at the recent St Petersburg International Economic Forum, which was attended by Russia’s president Dmitry Medvedev, and appealed for […]

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Clifford Chance must trade on more than reputation to take Manhattan

Clifford Chance must trade on more than reputation to take Manhattan” />The criticism in New York of Clifford Chance’s 1999 merger with Rogers & Wells is like a stuck record. One is tempted to say to Manhattan lawyers: enough already. Clifford Chance has moved on. These days, the UK-headquartered firm is adamant it will carve […]

Dickinson Dees reports good year despite Rock-based woes

Newcastle’s largest firm Dickinson Dees has announced growth in the turnover of its core business but its volume business, which is primarily property-based, has been hit by the downturn. The firm’s profits, which have not been finalised yet, are expected to be hit by the decline of the volume business this year. Excluding the volume […]

Smaller and regional firms savour their portion of the PEP limelight

Last week was the turn of smaller and regional firms to share the Top of the PEPs limelight on TheLawyer. com. Birmingham-based Martineau Johnson recorded an astonishing 48 per cent rise in profit per equity partner (PEP) from £176,000 to £260,000. Apart from Salans’ 107.6 per cent rise in PEP, Martineaus now has the distinction […]

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