Wall St woes: Shock and awe

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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 […]

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Public sector

As The Lawyer revealed last week (22 September), the UK’s largest unitary authority Birmingham City Council is reviewing its legal panel of 21 firms. Director of governance Mirza Ahmad will next month invite existing panel firms to apply for contracts that are set to begin in September 2009 and which taken together account for an […]

Linklaters follows magic circle pack with plans for Abu Dhabi opening

Linklaters follows magic circle pack with plans for Abu Dhabi opening” />Linklaters is developing plans to launch an office in Abu Dhabi in response to client demands. The magic circle firm’s Emerging Europe, Middle East and North Africa (Eemena) head Nick Eastwell confirmed that an Abu Dhabi office was part of ­Linklaters’ plan for the […]

Welcome

This week The Lawyer reported that Cobbetts is to make 40 fee-earners redundant – its second wave of redundancies this year – while Blake Lapthorn is in discussion with 43 members of staff and Finers Stephens Innocent with a further 6 real estate fee-earners plus support staff. This follows on from the previous week’s news […]

Scotland: mixed doubles rule binned after 15 years

The Scottish bar has abolished the so-called ‘mixed doubles’ rule ­following consultations with the Office of Fair Trading (OFT) and the Scottish ­Government. The Scottish bar has abolished the so-called ‘mixed ;doubles’ ;rule ­following consultations with the Office of Fair Trading (OFT) and the Scottish ­Government. The 1993 rule, which did not allow advocates and solicitor-advocates representing […]

Halliwells real estate team faces the chop

Halliwells has launched a redundancy consultation across its real estate practice, potentially cutting as many as 40 staff. The consultation will affect both fee-earners and support staff in the firm’s Liverpool, London, Manchester and Sheffield offices. This will be the second time this year that Halliwells has had to make job cuts. In March the […]

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