Lovells team wins £70m for Abbey National in £460m leaseback deal

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Latest Briefings

Construction: can a company in liquidation refer a dispute to adjudication?

The Technology and Construction Court (TCC) has delivered a significant judgment in Michael J Lonsdale (Electrical) Ltd v Bresco Electrical Services Ltd (in Liquidation) [2018] EWHC 2043 (TCC) where the company seeking to refer a dispute to adjudication was in liquidation. The substance of the dispute related to the contractor’s claim for payment allegedly due for […]

Overseas companies and UK property – all change in 2021

By Maria Connolly At the end of July, the Draft Registration of Overseas Entities Bill was published. The intention is that, from 2021, overseas entities wanting  to deal in certain UK property will have to register in the overseas entities register (OER). Why will overseas entities have to register?

Hackitt review: Response suggests further extension of the regime

By Adrian Mansbridge As outlined in our previous articles covering what lies ahead for high rise regulation and the proposed ban on flammable cladding the legislative programme to implement the recommendations of the Hackitt review and to address broader concerns is already underway. However, as anticipated, political concerns have already led to these proposals being “beefed up”…

Use of behavioural biometrics brings privacy issues under GDPR

By Alex Towers With cybertheft and data breaches becoming an increasingly common occurrence, the need to rapidly and accurately identify fraud has driven the development of behavioural biometrics as a means to target automated attacks and suspicious transactions. However, for the technology to function, companies must amass libraries of biometric personal data to construct profiles…

Supreme Court rules a ‘right to litigate’ cannot be assigned to a third party

By Rebecca MacCann What happens if you assign your right to litigate to a person or company that is unconnected to the event that creates the right to litigate? In the recent Supreme Court case of SPV Osus Ltd v­ HSBC Institutional Trust Services (Ireland) Limited & Ors [2018] IESC 44, the Supreme Court held […]

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FINANCE

Bank of America and Abbey National Treasury Services arrange £685m financing for the Birmingham Northern Relief Road, the first tolled motorway in the UK. Allen & Overy advised Bank of America and Abbey National (Anne Baldock). Borrower Midland Expressway advised by Ashurst Morris Crisp (John May, Mark Elsay), and CMS Cameron McKenna advised the Department […]

real estate

When the recession of the early 1990s made property about as uncool as a 1980s wardrobe, Nabarro Nathanson was one firm that refused to be swayed by fashion. But like batwing T-shirts and diamanté, property is back with a vengeance. City firms have rediscovered the sector in new and more profitable guises, allied to cutting-edge […]

Clifford Chance to recruit former UBS global counsel

Clifford Chance is poised to take on the former global general counsel of UBS Warburg Dillon Read. Mark Harding is planning a return to the firm he left in 1996, when he decided to join the investment banking arm of UBS. He walked out of the bank in July, saying he was taking several months […]

Trenité splits up Amsterdam and Rotterdam to hike merger appeal

TrenitÉ Van Doorne, The Netherlands’ fourth largest law firm, has announced that its Amsterdam and Rotterdam offices are demerging. The move will boost the appeal of the 27-partner Amsterdam unit to foreign merger partners. The Amsterdam office specialises in banking and securities law while the 25-partner Rotterdam office focuses on the less profitable areas of […]

Camerons sets up HK banking team

CMS Cameron McKenna has launched a Hong Kong banking practice, 20 years after arriving in the region. Following the 1997 Asian “meltdown”, local banks limited lending to mortgages. Now the economy is improving, this is changing. The practice will start as an extension to the firm’s corporate recovery department, taking advantage of the upturn in […]

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