Lovells fires up New York insolvency with new partner

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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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CORPORATE

Fairview Holdings completes £307m public to private deal backed by 3i. Fairview advised by Dechert (David Vogel). Financial adviser Close Brothers. Newco advised by Travers Smith Braithwaite (Chris Hale). 3i and the Bank of Scotland advised by Osborne Clarke (Simon Beswick). Senior lenders advised by Norton Rose (Andrew Bamber).

NHS hacks clinical negligence panel

The National Health Service is slashing at least six firms from its clinical negligence panel in a review of its legal services. It is believed that Trowers & Hamlins, Mills & Reeve, Scrivenger Seabrook, Le Brasseur J Tickle, Davies Arnold Cooper and Crutes are all taking part in an NHS Litigation Authority (NHSLA) debriefing process […]

Eversheds culls equity partners to hike profits

Eversheds is slicing an estimated 10 per cent of equity partners in an attempt to boost profitability. The figure represents 20 partners, of whom 10 will be taken out of equity and will drop down to fixed-share status, whereby a partner is effectively still self-employed but receives a fixed salary. The remainder will be asked […]

Opinion

Now that the time to start inputting data for the major legal directories has come round again (for most of us, at any rate) there again will be discussion as to whether alternative risk transfer (ART) has matured sufficiently to be an independent practice area in the directories. ART is undoubtedly developing, but it has […]

ICL turns to Barlow Lyde

Barlow Lyde & Gilbert is to join the ranks of Masons and Linklaters & Alliance as core adviser to IT giant ICL. The Fujitsu-owned company does not have a formal panel, but it does have extremely close and longstanding relationships with Masons and Linklaters. Linklaters usually acts as ICL’s corporate and M&A adviser, with Masons […]

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