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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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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.

Two more lawyers quit Mishcon de Reya

In a double blow to Mishcon de Reya, its commercial partner Paul Millett is leaving to join Finers, while its part-time banking consultant and former partner Stephen Davis is moving to Stephenson Harwood. Millett, who is still negotiating his departure date, said he could not comment on the reasons for his move, but added: “I […]

Bar Council ditches its strategy think tank

The Bar Council has disbanded a think tank that was set up four years ago to coordinate its long-term strategic thinking. Under the shake-up, the planning committee has been abolished and its functions brought under the umbrella of the Bar Council’s most senior committee, the general management committee (GMC). The planning committee was set up […]

Spoilt for choice

Six months after its launch, the Expert Witness Institute has received nearly 400 applications for individual membership and is well on the way to its first year target of 500. The Law Society and Bar Council are among the six professional bodies to have joined to date, along with three corporate organisations. The institute has […]

Finers settles with £8m pay-out at eleventh hour

West End firm Finers has agreed to pay more than £8m in an out-of-court settlement of a negligence claim by a former client, South Australian Asset Management Corporation. The company – formerly the State Bank of South Australia – claimed that when it made a series of commercial property loans to another Finers client, the […]

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