Orb Securities, holding company of Orb Estates, gets £72m facility from Morgan Stanley Dean Witter to refinance part of its commercial property portfolio

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

Cyber security, separation and self-protection online

Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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The attempt by bondholders to kick Ernst & Young off the Barings liquidation has enormous implications. As The Lawyer went to press, the news came through that the action against the auditors was being adjourned for a week. It marks a high watermark for activist US funds.This is not the first time that the Ernst […]

Fosters merges with Russell Steward in expansion drive

Norwich firm Fosters is merging with local firm Russell Steward to create a 14-partner firm. Fosters, which won UK Law Firm of the Year (medium size) at The Lawyer Awards 1999, will gain three partners and a number of offices in Norfolk and Suffolk.The merger will come into effect on 2 July, but the firm […]

Fountain Court rues Goldsmith departure

The departure last week of Lord Peter Goldsmith QC from Fountain Court to become Attorney General represents another significant financial setback to his old magic circle set. His departure is the latest in a long line of silk losses for the set, which included the death of Trevor Philipson QC. Fountain Court is bottom of […]

Sonsini to take on NYSE directorship

The chairman of Silicon Valley firm Wilson Sonsini Goodrich & Rosati has been elected as a director of the New York Stock Exchange (NYSE). Larry Sonsini, one of the top corporate lawyers in the Valley, was elected along with four other new directors and has been brought in to represent the public on the board. […]

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