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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

Non-US banks under the Volcker Rule — a framework for analysing covered fund status

On 10 December, federal regulators voted to approve the final Volcker Rule, which, among other things, relaxed the proposed restrictions on the ability of a non-US bank to own interests in, sponsor and engage in transactions with certain types of investment vehicles. The eased restrictions reflect an overall limitation on the extraterritorial effect of the […]

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Germany: A sense of place

In Germany’s decentralised legal market, different cities have their own attractions for local and international firms looking to open an office Germany’s legal market is unique in Europe in being particularly decentralised. Whereas Paris is the only place to be for French corporate law, and Milan and Madrid keep most of the work in Italy […]

Allen & Overy’s index reveals uneven recovery in M&A markets

Allen & Overy’s latest M&A Index has revealed that the recovery in M&A activity predicted at the beginning of 2013 has failed to materialise. According to the index, figures are down; however, a deeper analysis reveals new pockets of activity emerging:  The US continues to be the most active M&A market Spain shows signs of […]

Herbies hires Maitland Chambers’ silk for advocacy unit

When litigation values rocket but the number of fresh instructions fall, how does a firm get in on the action? For Herbert Smith Freehills (HSF) the answer is to hire a new silk into its advocacy unit to help it compete with the bar. Silk Tom Leech QC is leaving Maitland Chambers to join the […]

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