The lock fakers

Details of the Cheney pension scheme fraud highlight why the regulator needed a revamp. By Nick Moser and Emma Tracey

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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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Global Graduates to audit diversity

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No. 1 Serjeants Inn gets new base and name

Professional negligence set No. 1 Serjeants Inn is moving into new premises in January and changing its name at the same time. The 37-strong chambers has been forced to leave its current building, off Fleet Street, which it used to share with law firm Dechert, due to redevelopment. Its new location – and name – […]

Shearman secures lead role on Eutelsat’s Euronext listing

Shearman & Sterling has bagged the lead role on the forthcoming IPO of satellite operator Eutelsat on the Paris stock exchange Euronext. Partners Niels Dejean, Hervé Letréguilly, Sami Toutounji and Aline Cardin are advising the company, while fellow US firms Sullivan & Cromwell and Latham & Watkins are acting for the banks and shareholders. Sullivan’s Gauthier […]

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Stephenson quits Norton Rose

Norton Rose corporate finance star Barbara Stephenson is leaving the law for lifestyle reasons following 16 years as a partner at the firm. Stephenson resigned recently, having returned to practice earlier this year from an eight-month sabbatical. During her time in practice she led over 50 IPOs and 100 public takeovers. Corporate finance head Tim […]

Orrick doubles Paris headcount with Rambaud tie-up

Orrick Herrington & Sutcliffe last week (30 November) finalised its merger agreement with French independent Ram-baud Martel in a deal that will see 18 Rambaud partners join the US firm in January. The merger comes after raids on Rambaud by Proskauer Rose and Reed Smith earlier this year. Proskauer picked up six partners, while Reed […]

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