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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

Robert Hickmott

On the move

Quinn Emanuel Urquhart & Sullivan has taken on commercial litigator Robert Hickmott, who joins the firm’s London office as a partner. Move of the week Hickmott was previously a partner at CMS Cameron McKenna in its banking and insolvency litigation group. Quinn Emanuel managing partner John Quinn said: “Robert has substantial experience in finance and […]

Affairs of the hearth

The outcome of the Stonham v Ramrattan appeal could set a precedent for the treatment of matrimonial homes in insolvency cases. In the unreported decision of ­Stonham v Ramrattan in May 2010, the judge, Justice Mann, allowed an appeal by a trustee in bankruptcy against an earlier refusal to set aside a transfer of a […]

Larry Byrne
1

Links soldiers on in US flatlands

Stagnant US turnover fails to dissuade UK giant from trying to plunder American riches While Linklaters’ global revenue fell by 8 per cent in 2009-10, its US turnover remained flat at around £70m, according to the firm’s US co-managing partner Larry Byrne. The US market has been a ­notoriously tough nut to crack for the […]

Floating free

A recent court ruling has left the door open for parties to dispense with the registration of a floating charge via the use of a security financial collateral arrangement. But its application is likely to be very narrow. A floating charge on a ­company’s property requires registration under Section 860 of the Companies Act 2006. If […]

2

Lovells posts turnover rise in last year as unmerged firm

Hogan Lovells legacy firm Lovells saw a marginal increase in turnover in the 2009-10 financial year. Revenues rose 2 per cent to £542m, up from £531m in the 2008-09 financial year. Lovells merged with US firm Hogan & Hartson on 1 May. When its 2009-10 turnover figure is added to Hogan’s 2009 figure the merged […]

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