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  • October 28, 2011 |

    Slaughters and Cleary act on Sony's £920m purchase of Ericsson JV stake

    Slaughter and May and Cleary Gottlieb Steen & Hamilton have taken lead roles on Sony's £920m acquisition of Ericsson's stake in mobile phone joint venture Sony Ericsson. The deal, which has seen Sony buy Ericsson's entire 50% stake in the joint venture, will allow the Japanese company to ramp up its smartphone efforts as it positions itself to compete with Apple and Samsung in the market.

    1 minute read

  • October 26, 2011 |

    Jones Day and Cleary advise on $1bn pharma notes offering

    Jones Day and Cleary Gottlieb Steen & Hamilton have won lead roles on a $1bn (£626m) US notes offering by pharmaceuticals giant Sanofi. Jones Day advised Sanofi with a team headed by Paris capital markets partner Linda Hesse. Meanwhile, Cleary advised the underwriters – Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities and Natixis – led by Paris capital markets partner Andrew Bernstein.

    1 minute read

  • October 19, 2011 |

    Eversheds sets sights on Brazil as UK firms continue to eye up BRIC benefits

    Eversheds is planning to join the growing rank of international firms launching in Brazil, with the firm becoming the latest to eye up opportunities in the BRIC economy. The top 10 UK law firm has confirmed that it is looking at opening in the country, joining a lengthening list of those either launching or considering doing so.

    1 minute read

  • October 18, 2011 |

    Cleary recruits former Competition Commission chairman for City base

    Cleary Gottlieb Steen & Hamilton has strengthened its London competition team with the hire of Peter Freeman QC, the former chairman of the Competition Commission. Freeman's arrival, which is scheduled for next month (1 November), will take the number of senior lawyers in the US firm's London competition practice to four. He will join the office as a senior consultant, working alongside partners Maurits Dolmans, Romano Subiotto QC and Nicholas Levy.

    1 minute read

  • October 13, 2011 |

    CC signs up litigation partner trio for New York white-collar practice

    Clifford Chance (CC) has added three partners to its New York litigation practice with the hire of a trio of former US federal prosecutors. David Raskin, Christopher Morvillo and Edward O'Callaghan all formerly worked together in the US Attorney's Office for the Southern District of New York.

    1 minute read

  • October 10, 2011 |

    Cleary and Linklaters among firms on multibillion-euro Belgian bank bailout

    Cleary Gottlieb Steen & Hamilton, Stibbe, Linklaters, Clifford Chance (CC) and Belgian firm Liedekerke Wolters Waelbroeck & Kirkpatrick are among a raft of firms to have picked up roles on the state rescue of Dexia bank in Belgium. Cleary is advising Dexia, which today (10 October) confirmed that its Belgian operations would be bought by the Belgian government for €4bn (£3.5bn), while the Belgian, Luxembourg and French states will guarantee a further €90bn (£78.4bn) to secure borrowing over the next 10 years. The bank also intends to sell its Luxembourg operations to investors.

    1 minute read

  • September 26, 2011 |

    Jones Day continues Paris growth with hire of Latham competition partner

    Jones Day has strengthened its French antitrust and competition law practice with a partner hire from Latham & Watkins. Eric Barbier de La Serre is set to join Jones Day's Paris office next month (19 October) as the second partner in its local antitrust and European law practice.

    1 minute read

  • September 21, 2011 |

    Competition

    An in depth look at moves to burn up the UK's competition regime, Cleary Gottlieb, Sullivan & Cromwell and Freshfields assess key antitrust developments, one former BA executive delivers a cautionary tale and a spotlight on the rise of corporate whistle-blowing

    1 minute read

  • September 21, 2011 |

    Missing the mark? - The Government's overhaul of the UK's competition regime

    The Government tells us that the UK has a "world-class" competition regime. It is hard to know exactly what this means, but the underlying sentiment is clear: the UK regime is one of the best in the world at protecting and encouraging competition. Now we are told that it needs to get better still.

    1 minute read

  • September 21, 2011 |

    Bonds and eurobonds – a resolution will be needed to restart capital markets

    It isn't often that the creation of a new financial instrument makes front-page news. But then it isn't often – even post-banking crisis – that global markets and public finances become so strained that discussion of the euro's break-up becomes a mainstream topic. Amid a summer of financial turmoil, with Greece teetering on the edge of a messy default and European leaders so far failing to come up with a credible rescue plan to deal with struggling national economies and banks, European Commission president Jose Manuel Barroso made headlines by suggesting that a common eurozone bond was the best option on the table. It's not a new refrain. While the idea for a euro-area bond, which would allow weaker countries access to cheaper borrowing, is nothing new, until recently such a move seemed a near impossibility because of the lack of European Union institutions to implement it and entrenched opposition in stronger economies to bailing out profligate southern member states.

    1 minute read