UBS reviews global panel to cut costs

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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 […]

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Blasts from the past

Barely a day goes by without Tulkinghorn hearing of some new fangled marketing initiative to be rolled out of one of the City firms’ marketing departments.Herbert Smith’s latest idea is to re-enact World War I. Tulkinghorn has heard rumours of mustard gas being brewed in the kitchens and bayonets being sharpened in the client meeting […]

Five-minute smiling

Tulkinghorn has bought himself a treadmill (which he still cannot stand up on while it’s in motion) after his bravado got the better of him. You see, Tulkinghorn’s friend, Taylor Joynson Garrett partner Martin Winter, was telling him the other day how he ran the Flora London Marathon in under four hours. And, momentarily forgetting […]

Enron creditors attack Milbank over conflicts

Milbank Tweed Hadley & McCloy faces a challenge to its role as counsel for the 15-member Enron Corporation creditors’ committee Some of the creditors have cried “conflict” over Milbank’s role as their representative because it has received more than $17m (£11.6m) in fees from Enron and related companies during the past five years.Dallas-based energy company […]

Lovells on third whole business securitisation with Steam Packet

Lovells is taking on its third whole business securitisation, advising the lead arrangers on a £65m deal backed by the income from the ferry service provided by the Isle of Man Steam Packet Company.NM Rothschild & Sons and ABN Amro are joint lead managers on the deal and Lovells won the work through its longstanding […]

Spanish firms trail global competition

UK and US firms are beating Spain’s indigenous market leaders hands down in the race for profits There are six international firms in the top 10 of the profitability tables, with just one of Spain’s highest grossing native firms.Corporate heavyweight and Slaughter and May best fried Uría & Menéndez is still the best firm in […]

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