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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

Construction: another day, another interim payment application case

We recently blogged about a Technology and Construction Court (TCC) decision in which it was found that an email which (amongst other things) did not explicitly state that it was an application for payment was invalid. The same point was considered in a recent case determined by the TCC. In this case, the works were […]

money

Fairpoint sees turnover rise 64 per cent at half year

The Fairpoint Group has seen its turnover rise 64 per cent for the first six months of the current financial year, largely due to its acquisition of Simpson Millar and Foster & Partners last year. The interim results show Fairpoint’s revenue increased by 64 per cent from £13.9m to £22.9m when compared to the first […]

Singapore

Reed Smith adds three partners in Asia and mulls Singapore local law move

Reed Smith has hired one partner from Morrison & Foerster (MoFo) in Hong Kong and further two local partners in Singapore, as it looks closely at gaining Singaporean local law capability. In Hong Kong, the firm, locally known as Reed Smith Richards Butler, has taken on capital markets partner Gregory Wang from MoFo. Wang focuses […]

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