PRIVATE BANKING

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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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Mears supports pro-life prize

A STUDENT essay competition run by an anti-abortion lawyers group is to receive the Law Society president’s endorsement. Martin Mears has promised to give his public support to the annual competition run by the Association of Lawyers for the Defence of the Unborn. But he has pledged not to turn the highly controversial anti-abortion issue […]

Court software to rival LiveNote and Caseview

Helen Sage reports A courtroom computer service which combines full text searching and real-time transcription with annotation facilities is being introduced in the UK. The PC-based software system, which has already been in use in Australia for six months, allows users to view transcripts and search for particular words, phrases expressions. Users can highlight particular […]

Bar accuses Apil of rushing fee deal

PERSONAL injury barristers have broken ranks with the NewsBar to agree compromise conditional fee terms of engagement despite concern in some quarters that they are being rushed into it. The model agreement was unveiled on Friday by the Association of Personal Injury Lawyers, which described it as “a major step towards the smooth implementation of […]

Regulation or strangulation?

As from this month, firms that wish to carry on investment business have to do more than simply register with the Law Society. They have to prove their competence to do the business. Once the dust has settled, it will be interesting to see how many firms the market will support. David Lough, head of […]

Financing

Herbert Smith acted for Bayerische Hypotheken-und Wechsel-Bank Aktiengesellschaft in relation to the issue of 11.25 per cent Euro Medium Term Notes in the value of Italian Lire 150

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