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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 […]

Recommended

Eversheds announces a five-year plan

Eversheds is about to unveil to its 287 partners a five-year strategy that will include a streamlined management structure and new profit-sharing. Chair Keith James would not reveal the details, but it is understood one option could be the merger of the current seven regional profit-sharing centres into one. There is speculation that if this […]

Ede Charlton brings in Herbert Smith's Bacon

Property specialist Professor Nigel Bacon has left the Hong Kong office of Herbert Smith to join Arthur Andersen’s fledgling Hong Kong firm, Ede Charlton & Co. Bacon has worked in Hong Kong for 15 years, training with Herbert Smith and then returning after a stint with DW Ling & Co to establish the firm’s property […]

Financing

Wilde Sapte acted for Finnish Export Credit on the provision of a $11.5m (£18.6m) floating loan rate facility to Brazilian pulp and paper company Aracruz Cellulose to finance the purchase of a recovery boiler from a Finnish manufacturer.

Stacking the odds against the defence

With the coming into force, on 1 April 1997, of the disclosure provisions of the Criminal Procedure and Investigations Act 1996, the prosecution’s common law duty of disclosure, developed and expounded in a series of recent cases following the landmark decision in R v Ward (1993, 96 CAR), is henceforth abolished for all purposes other […]

Litigation Recent Decisions 29/04/97

Solicitors’ duty to client to whom they lent money Swindle & ors v Harrison & anor (1997) Court: CA (Evans LJ, Hobhouse LJ and Mummery LJ) 25/3/97 Summary: Client’s claim against solicitors for breach of fiduciary duty upheld, but no damages awarded as breach was not cause of client’s loss.

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