The Addleshaws revolt

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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 […]

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Ashurst parachutes projects ace into NY

Ashurst will launch its New York project finance team with energy, transport and infrastructure partner Jason Radford, who is ­relocating to the US at the end of the summer. Radford, a partner since 2009, will join a group of six finance partners ­currently practising in the city. The team’s focus is ­primarily on structured finance transactions. A […]

Sarah Cormack

Family value: how private client filled the corp gap

Family constitutions, governance, succession planning and plain old hard work are in the spotlight, writes Catrin Griffiths from Monaco Long associated with crumbling stately homes, errant marquises and Uncle Matthews, private client work has now stepped decisively into the City mainstream. With corporate funds evacuating the market as the recession took hold, international private investors […]

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Hogan Lovells increases trainee pay scales

Hogan Lovells is upping trainee salary bands by £1,000 and allowing junior lawyers to gain a larger pay increase by progressing to the next pay level. In addition, the firm is increasing its newly qualified salary by £1,000, from £60,000 to £61,000. The pay level for first-year trainees has gone up from £37,000 to £38,000, […]

It takes Dew, baby

Despite their playboy tendencies, there must be some kind of deep-seated insecurity gnawing away at the hearts of the City’s high-flying private equity lawyers. Why? Because it seems that they’re incapable of switching firms on their own. One of the biggest lateral moves of last year came when the Ashurst pair of David Arnold and […]

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Apprentice blog

Episode three of The Apprentice: the contestants are given a list of 10 items to purchase for London’s Savoy Hotel. Episode three and Lord Sugar decides it’s time to mix the teams up, so no more boys against girls. With the candidates charged with tracking down 10 items for London’s soon-to-reopen (at the time of […]

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