SIF makes massive saving after NHL ruling

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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

In brief: Irvine examining daily fee plan for litigants

The Lord Chancellor, Lord Irvine has revisited the idea of charging litigants a daily fee during court cases in order to discourage them from stringing out cases. The proposal, first raised by Lord Irvine’s predecessor, Lord Mackay, is contained in a “discussion paper” on court fees issued by the Lord Chancellor’s Department last Friday.

CC goes pan-Euro with Shandwick

Clifford Chance has appointed Shandwick Public Relations to up its profile in Europe, as rumours persist that the firm is planning a big project in the region. The firm, which had previously used Lowe Bell, hired Shandwick after holding a beauty parade of three PR firms, which included Lowe Bell. The appointment will be for […]

Bird Semple names media and IT unit

Scottish firm Bird Semple is continuing its restructuring following the ousting of its chief executive by rebadging its media and technology group with the name Bird Semple TechMedia. TechMedia is planning an aggressive drive into the Aberdeen legal market and has also approached London IP/IT specialist firm Bird & Bird to discuss mutual referral arrangements […]

Financing

Stephenson Harwood acted for The Vardinoyannis Group in connection with a US$150m syndicated loan by the Bank of Tokyo-Mitsubishi to the Group’s Luxembourg subsidiary, Centenia Finance SA. Allen & Overy acted for the Bank of Tokyo-Mitsubishi.

Mortgage products to roll up in court

The West Bromwich Building Society stands accused of offering a mortgage scheme which targets the vulnerable, reports Roger Pearson > The Investors Compensation Scheme (ICS) is taking the West Bromwich Building Society to the High Court this week, accusing it of marketing a mortgage scheme which targeted the “elderly and vulnerable”. At a preliminary one-day […]

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