Slaughters gets nod from Land Securities

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Latest Briefings

No novation is not ideal

In M Hart Construction Ltd & Anor v Ideal Response Group Ltd [2018] the court refused to enforce two adjudicators’ decisions on the basis that there was no contract between the parties. There had not been an effective novation from an original contracting party.  The adjudicators therefore did not have jurisdiction to determine the disputes. Another […]

Trade associations call for company voluntary arrangement reforms

Reforms are needed to the current company voluntary arrangement (CVA) process, according to both R3 and the British Property Federation (BPF). R3 (the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals) has published a research report recommending a number of reforms to improve the effectiveness and reputation of CVAs. These include: Capping […]

How the courts are interpreting long-term maintenance contracts

By Ian Yule The Private Finance Initiative (PFI) may be past its peak, but various cases have come to court in the past few years involving long-term maintenance contracts, including PFIs. Three cases in particular are worth noting. They have featured issues such as whether terms should be implied about co-operation, how good faith clauses […]

Pimlico Plumbers – contract matters and the ‘gig’ economy

By Alex Mellis The ‘gig’ economy cases, scattered throughout the different tiers of varying jurisdictions of courts and tribunals, excite much interest when the latest decision is published and flashed across the media. The recent decision of the Supreme Court in Pimlico Plumbers & Anor v Smith, handed down on 13 June 2018, will be no […]

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Davis Polk, Shearman act on Ford debt restructure

Davis Polk & Wardwell and Shearman & Sterling have been handed the lead mandates on the restructuring of Ford Motor Company’s debt. Davis Polk partners Donald Bernstein, Michael Kaplan and Larry Wieman are leading for Ford in a deal that will see the company’s financing group Ford Credit make a $1.3bn cash offer for unsecured […]

21

Co-op ABS plans to create thousands of legal jobs

The Co-operative Group has unveiled plans to create 3,000 jobs in the legal sector as it aims to revolutionise how legal services are delivered on the high street. The SRA approved the group’s plans to convert Cooperative Legal Services (CLS) to an alternative business structure in March (28 March 2012). Today, the company said it […]

3

Bank Hur

10.22amIt cost $15m, had a cast of thousands and ran for more than three hours. The similarities between the OFT’s case against a series of high street banks over account charges and 1950s blockbuster Ben Hur are legion. 4 March, 10.22am It cost $15m, had a cast of thousands and ran for more than three […]

1

Italy Special Report: Latin down the hatches

Despite a history of high-value deals, Italian law firms have unsurprisingly failed to avoid the crunch and are now reacting defensively in a volatile market. By Kelly Parsons The legendry hefty pay packets of Italy’s top rainmakers could be left significantly lighter this year as M&A activity in the country plunges to a record low […]

8

Freshfields defeats Competition Commission

Freshfields has scored an appeal victory for Tesco after the Competition Commission tried to alter the process for approving new stores. Freshfields Bruckhaus Deringer competition partner Deirdre Trapp has scored a Competition Appeal Tribunal victory for supermarket giant Tesco after the Competition Commission tried to alter the process for okaying new or extended stores. Tesco, […]

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