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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

In-housers call on firms to improve cost management

In-house counsel have high expectations of their external dispute resolution lawyers beyond the outcome of the case, with costs being the most important factor. A survey by Grant Thornton‘s forensic and investigation services practice has revealed that in-house counsel believe that, other than the outcome, managing costs is the most decisive factor in measuring a […]

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Law Soc council member fined over miners’ compensation

A Law Society council member has admitted to five breaches of professional rules in relation to his dealing with the coalminers’ compensation scheme. Glyn Maddocks, council member for the West Country and Gwent and a partner at Welsh firm Gabb and Co, was fined £15,000 at the Solicitors Disciplinary Tribunal (SDT) and ordered to pay […]

Isle of Man

Following the success of its commercial yacht registry, the Isle of Man is hoping to attract jets to the island with its new aircraft registry. By Faye Moffett The Isle of Man Aircraft Registry opened for business on 1 May. Within two days of the register becoming operational, three Cessna Citation jets had been registered. […]

Linklaters gets in on Torex administration

Linklaters has advised on the largest pre-packaged administration in 2007, the sale of troubled software company Torex Retail’s operating subsidiaries. The magic circle firm advised Torex and the joint administrators of the company, Richard Heis and Mick McLoughlin of KPMG, on the sale of its operating subsidiaries to Cerberus European Investments for £205m. Linklaters undertook […]

Split and Polish

It’s all been kicking off in Warsaw of late. First of all Baker & McKenzie‘s former local managing partner Tomasz Ujejski was leaving to join Squire Sanders & Dempsey. Then he wasn’t. Then he really was (see story). Oh, and he took a load of colleagues with him. At the same time Squire Sanders’ former […]

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