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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

Cadwalader’s Griffin quits for Herbert Smith

The London office of US firm Cadwalader Wickersham &Taft is losing project finance partner Paul Griffin to Herbert Smith, leaving a question mark over the future of the firm’s nascent projects group. According to three sources close to Cadwalader, Griffin decided to leave after disagreements over the level of the firm’s investment in the projects […]

Financing

Slaughter and May acted for Blue Circle Industries on arranging loan facilities of approximately £1.6bn. The financing was used in part to fund a share buy back scheme in defence of Lafarge’s bid for the company. Slaughters commercial partners Richard Slater and Tom Kinnersley acted on the deal with support from commercial assistant Sarah Paterson.

Scuffle of the week

Paediatrician Mark Ashton v relatives of David Glass. Ashton told a court in Portsmouth that Glass’ two aunts and an uncle attacked him and a colleague after the family asked that doctors withdraw diamorphine being used to ease Glass’ pain. Glass, who was born with hydranencephaly, had profound mental and physical disabilities and the medical […]

Landwell makes move on Hungary through local link

Landwell, the legal arm of PricewaterhouseCoopers, is attacking the Hungarian market by linking up with local firm Dezso Reti & Antall. The alliance, which will allegedly create Hungary’s largest firm, is the accountant’s third foray into eastern Europe after setting up links with firms in Poland and Russia. The Budapest-based firm hopes to boost its […]

Top Cravath M&Apartner quits for Chase Manhattan

Top New York firm Cravath Swaine & Moore is losing one of its most senior M&A partners to investment bank Chase Manhattan. Highly-rated Rob Kindler is leaving to become a managing director at Chase Manhattan, and will be charged with helping to bring in the mega-merger deals that have so far eluded the bank. Recognised […]

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