Walker Morris retrains lawyers in insolvency

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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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Thistle stop

Claims that Scotland’s economy is less robust than England’s may have prompted some legal talent to head south of the border – but today’s figures tell a different story Over the past five years there has been a view among some that, as far as commercial law is concerned, Scotland is not the real deal. […]

Growth slows at Four Pump, 2-3 Gray’s Inn

Four Pump Court and 2-3 Gray’s Inn Square have both posted 7 per cent increases in turnover over the past financial year, although both sets saw their growth rates reduce from the ­previous year’s. At 2-3 Gray’s Inn, the rate of growth dropped by 2.4 ­percentage points, while ;at ;Four ;Pump Court the rate fell […]

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Law’s arch-regulator appoints first ever board

Irwin Mitchell’s Michael Napier QC and ex Reuters general counsel Rosemary Martin are among the first-ever members of the Legal Services Board. Irwin Mitchell senior partner Michael Napier QC and former Reuters general counsel Rosemary Martin (pictured) are among the first-ever members of the Legal Services Board (LSB), which was confirmed today. Appointed by Lord […]

Trials and tribulations

Well, there have been more than a few clouds of late over at New York structured finance stalwart, Thacher Proffitt & Wood. The firm’s over dependency on this area cost it dearly when the market crashed. Now that same skill set has helped it pick up instructions on one of the highest-profile pieces of work […]

Magic circle trio in on £26bn drinks deal

Three magic circle firms have scored plum roles on the financing of InBev’s $52bn (£26.12bn) acquisition of US drinks company Anheuser-Busch, the makers of ­Budweiser beer. Allen & Overy (A&O) secured bank mandates advising BNP Paribas, Deutsche Bank and JPMorgan on Anheuser-Busch’s financing. London partner Melissa Samuel led the firm’s team. Clifford Chance London partner […]

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