V2 legal head leaves to begin new business venture

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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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Mallesons plumps for Hong Kong merger with local firm

Australia’s Mallesons Stephen Jaques has taken the next step in beefing up its Hong Kong presence, announcing a merger with local firm Kwok & Yih. The Australian firm’s tie-up with 25-lawyer Kwok & Yih, a corporate finance specialist, will add to the eight partners and 23 fee earners it has taken on in the region […]

Ashurst: profits hit, turnover flat

Ashurst’s average profit per equity partner (PPP) has tumbled by 11.7 per cent on unchanged turnover for the last financial year. The firm released figures today (26 July) showed that PPP dropped to £521,000 for 2003-04 on £590,000 for the last financial year. Gross was unchanged at £197m. The hit on the bottom line translated […]

Howard Kennedy wins $150m redress for KAC

Howard Kennedy has won damages of $148.5m (£80.8m) on behalf of the Kuwait Airways Corporation (KAC) in its ongoing case against the Iraqi Airways Company (IAC). Kendall Freeman, in a new instruction for the firm, is acting for IAC. The firm replaces Landau & Scanlan, and has been advising IAC since the fall of former […]

Work-life quiz

Michael Hatchwell, head of corporate, Davenport Lyons What was your first ever job?Selling beautiful Danish tents to English campers in a Brighton antiques warehouse. What was your worst experience as a trainee?I have to say my traineeship was great [at Gamlins, 1986-88; since taken over by Penningtons]. Two experiences during my broader training left a […]

Employment tribunals in 17 per cent hike

The Employment Tribunals Service (ETS) this week announced a rise of 17 per cent in the number of employment cases it handled. The ETS’s annual report show that 115,042 applications were registered in 2003-04, compared with 98,617 the previous year. A third of applicants were claiming for unfair dismissal from work, while 17 per cent […]

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