Shearman, Skadden oust UK rivals on Ebookers sale

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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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Going, going gong

Imagine the scene: you’ve just won one of the main prizes at a glittering awards bash; your celebrations are in full flight; your mates are congratulating you; your future is secure and life is sweet. Then BAM! You turn around and the worst has happened – someone’s nicked your gong. This was the drama that […]

A&O and Linklaters pivotal to $150m Egyptian IPO

UK giants Allen & Overy (A&O) and Linklaters have played key roles on a landmark Egyptian IPO – the first for almost half a decade. The deal saw bathroom manufacturer Lecico make an issue of ordinary shares on the Cairo and Alexandria Stock Exchanges and global depository notes on the London Stock Exchange. The total […]

1

Swiss bar on Castor director’s funds leaves Daimler in the cold

Mammoth 12-year international fraud case sees Swiss and UK courts at odds. By Brendan Malkin In a little-known scandal which rivals the Maxwell pension fraud in scale, DaimlerChrysler Canada more than $1bn (£520m) from its pension fund in 1992 after it was defrauded by bankrupt Canadian investment company the Castor Group. The US car giant […]

Norton Rose in Bahrain labour focus

Norton Rose is advising the Kingdom of Bahrain on new employment laws. Following a report by consultants McKinsey & Co, the Crown Prince of Bahrain launched a reform of the labour market. It found that the workforce is dominated by cheap workers from abroad and that Bahrain’s unemployment level is set to rise dramatically in […]

RAC slates proposals to raise small PI claim limit to £5,000

The RAC has hit out at recent proposals to raise the ‘small claims’ limit for personal injury work to £5,000. RAC Legal Services head Jonathan Gulliford said the plans, outlined recently by the Lord Chancellor, Lord Falconer, will seriously affect many people claiming compensation for injuries. “Raising the small claims limit is throwing the baby out with […]

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