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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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Reed Smith secures new London HQ

Reed Smith Richards Butler has ended its search for a new office building, signing up to take almost 40 per cent of London’s Broadgate Tower. The firm, which was formed in January following a merger between US firm Reed Smith and the UK’s Richards Butler, has been operating from Beaufort House in the City and […]

Lovells jumps feet first into China with Sino-global alliance

Lovells has hailed the launch of its 10-way Sino-Global Legal Alliance as the first of its kind in the key Asian jurisdiction. Lovells has hailed the launch of its 10-way Sino-Global Legal Alliance (first reported on www.thelawyer.com, 3 September) as the first of its kind in the key Asian jurisdiction, boasting that it offers an […]

Ashurst raids magic circle again for German hire

Ashurst has continued its strategy of poaching magic circle lawyers in Germany by taking on an Allen & Overy (A&O) international capital markets associate. Christoph Enderstein will join Ashurst in October as counsel in the Frankfurt office’s structured finance group. He pushes Ashurst’s banking and finance group in Germany to 15 lawyers, including three partners. […]

Lord Chief Justice warns Govt on judicial interference

The Lord Chief Justice Lord Phillips has called on the Government to stay away from the selection of judges in the wake of green paper ‘The Governance of Britain’, published by the Ministry of Justice (MoJ). In a wide-ranging speech on judicial independence yesterday, Phillips told the Commonwealth Law Conference in Nairobi that the shake-up […]

Venture opts for Jones Day on transatlantic funding

Jones Day has acted for Aberdeen-based oil and gas production company Venture Production in relation to £585m of debt financing. Under a team led by London banking head Ed Nalbantian, the company secured a £350m UK loan, $424m (£210.11m) from US institutional investors and a further £25m from UK institutional investors. The money will be […]

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