Nabarro Nathanson shuts door on final salary pension scheme

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Latest Briefings

Navigating a new reality in the client-empowered era

To thrive in the new era of the empowered client, law firms must make investments designed to modernise the way they run their firms and service their clients. This requires changing culture, developing new competencies, and operationalising new ways of working. Innovative technologies are key enablers to accelerating rms’ transformations in these areas. New research […]

Procurement and state aid update: preparing for 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 […]

Data protection: 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 – CoA

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 […]

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Opinion

After thirty years on the drawing board, a true pan-European company is now possible The concept of a European company was first mooted by the European Commission in 1970. Policy-makers felt that a corporate vehicle governed by Commission law would help to promote free movement and develop the single market. Member states wrangled over employee […]

CCBE attacks EU money laundering directive

The Council of Bars and Law Societies of the European Union (CCBE) is calling for the requirement that lawyers report money laundering suspicions to be removed from a European directive. In the CCBE submission on the third money laundering directive, released today (November 9) the council says: “The requirements on a lawyer to report suspicions […]

Mediation puts paid to two major film finance disputes

Teams of lawyers have been left with empty diaries after two film finance cases – widely believed to be two of the largest of 2005 – have settled. Both would have taken up around 50 weeks of Commercial Court time and the lawyers involved would have collectively earned a similar sum to the £50m at […]

Linklaters tempts banking star from Lovells

Linklaters has hired Lovells banking partner Adam Freeman as it continues to bolster its acquisition finance practice. Freeman, who was promoted to partner in 2003, was key in Lovells’ push to rebuild its banking business, and worked closely with CIBC and Société Générale (SocGen). The terms of his exit have still to be negotiated. Freeman […]

Withholding a grudge

Slaughter and May has worked some magic with Goldman Sachs. It is not every law firm that can act against a powerful US investment bank on über-hostile bids such as Six Continents and Marks & Spencer (M&S) and yet still get lucrative referrals from the same source. On the M&S bid, the retailer’s chief executive […]

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