Moves round-up: 29 September

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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

Ashurst secures salary lifeline for Lehman Brothers’ UK staff

Ashurst secures salary lifeline for Lehman Brothers’ UK staff” />Ashurst has advised the lender on a £100m emergency loan that will ensure the London staff of Lehman Brothers get paid at the end of September. The firm advised finance house CarVal Investors on the loan facility to Lehman administrator PricewaterhouseCoopers (PwC). The loan enabled PwC […]

Public sector

As The Lawyer revealed last week (22 September), the UK’s largest unitary authority Birmingham City Council is reviewing its legal panel of 21 firms. Director of governance Mirza Ahmad will next month invite existing panel firms to apply for contracts that are set to begin in September 2009 and which taken together account for an […]

Facebook hires former White House man as GC

Facebook has hired Kirkland & Elllis partner Theodore Ullyot as its new general counsel. Ullyot was the former chief of staff to Alberto Gonzales, who was the US attorney general until his resignation last year following accusations of perjury. Ullyot will be based in Facebook’s California headquarters, moving from Kirkland’s Washington office. He took the […]

23 Essex St raid gives 1COR four female silks

One Crown Office Row has hired Joanna Glynn QC from 23 Essex Street, taking the set’s tally of female silks to four. Glynn, who was called in 1983 and took silk in 2002, said she was moving chambers in a bid to develop the disciplinary and regulatory aspects of her practice. One Crown Office Row’s […]

Andrew Cowan: Devonshires

If a movie was being made about your life, which actor would play you and why?Anyone capable of ­behaving like a drama queen. What was your first-ever job?Waiter. What was your worst ­experience as a trainee?A humiliating fight with a photocopier. Where’s the best place to go if you want to find out what’s really […]

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