US firms more to offer than money

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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 […]

Recommended

Slating the Bar Council

Robin de Wilde QC has been elected to the Bar Council after accusing it of ‘pandering to the Government’. Jon Robins asks: can he repeat the success he had in the 1980s with rebel barrister group the Slate? It doesn’t take much to cause a stir in the rarified atmosphere of the Inns of Court. […]

Opinion

No addition, amendment or modification of this agreement shall be effective unless it is in writing and signed by and on behalf of both parties.”Such words are commonly encountered in the ‘standard template’ clauses of commercial contract precedents. Practitioners might assume that the provision excludes subsequent variations (either orally or by conduct) by the contracting […]

A&O acts for SSSB on Shell deal

Allen & Overy (A&O) has advised European investment bank Schroder Salomon Smith Barney (SSSB) on behalf of Shell Resources in its takeover of Enterprise Oil.The takeover of the leading independent energy company has been a crucial testing ground for the Financial Services and Markets Act 2000. The new legislation, which was enforced in November 2001, […]

Loyens shores up London with partner relocation

Benelux firm Loyens & Loeff has boosted its London office by relocating a second partner to join the office on a full-time basis Corporate partner Bas Vletter has moved from Rotterdam to run the practice with tax consultant Marc Klerks. The office has 14 other fee-earners. Vletter specialises in structured finance and capital markets work […]

Barlows deals with AbilityOne acquisition

Barlow Lyde & Gilbert has won a new client advising AbilityOne, a distributor of rehabilitative and assistive device products, on its $101m (£71m) acquisition of Smith & Nephew’s rehabilitation business.The firm won the work through its referral relationship with Chicago firm Winston & Strawn, which acted on the US aspects of the deal.A Pinsent Curtis […]

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