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  • September 3, 2008 |

    Everyone's favourite target

    When it costs almost $100 (£55) to fill the gas tank of the average American's SUV, something's got to change. Conscientious consumers are downsizing their cars to improve gas mileage and conserve energy. But some lawmakers are advocating a more American way: sue the oil producers.In May, the House of Representatives passed a Bill that would amend federal law to allow the US Government to sue the Organisation of the Petroleum-Exporting Countries, or OPEC, for price-fixing. President Bush has vowed to veto the Bill, known as NOPEC, if it passes the Senate.

    1 minute read

  • September 3, 2008 | International Edition

    Cleary confirms exclusive College of Law deal

    Cleary Gottlieb Steen & Hamilton's City arm has sealed an agreement with the College of Law that will see the College become the firm's exclusive provider of the Graduate Diploma in Law, the Legal Practice Course (LPC) and the Professional Skills Course (PSC). The agreement will start in September 2009 when Cleary will send 12 of its future trainees to the College for the LPC. The trainees will be able to study in any of the College's centres around the UK, although most are expected to attend the Moorgate centre, where the LPC and PSC electives will be taught in firm-specific groups.

    1 minute read

  • September 3, 2008 |

    Cleary confirms exclusive College of Law deal

    Cleary Gottlieb Steen & Hamilton's City arm has sealed an agreement with the College of Law that will see the College become the firm's exclusive provider of the Graduate Diploma in Law, the Legal Practice Course (LPC) and the Professional Skills Course (PSC). The agreement will start in September 2009 when Cleary will send 12 of its future trainees to the College for the LPC. The trainees will be able to study in any of the College's centres around the UK, although most are expected to attend the Moorgate centre, where the LPC and PSC electives will be taught in firm-specific groups.

    1 minute read

  • August 22, 2008 |

    ArcelorMittal purchases Brazilian mine and share of port

    Cleary Gottlieb Steen & Hamilton and Travers Smith are among the firms advising on ArcelorMittal's acquisition of an iron ore mine in Brazil and a share in the port through which the company can export the ore, writes The American Lawyer. Arcelor, the Luxembourg-based steel maker, announced on Wednesday (20 August) that it was purchasing London Mining South America Limited from UK-based London Mining and an 80% share in a port in the city of Mangaratiba from Adriana Resources, a Canadian mining company.

    1 minute read

  • August 6, 2008 |

    US duo take lead on £1.2bn Sony BMG share sale

    Top US firms Davis Polk & Wardwell and Paul Weiss Rifkind Wharton & Garrison have landed roles on the $1.2bn (£616m) sale of German music company Bertelsmann's 50% stake in Sony BMG to Sony Corp. The deal will see the Japanese music giant take full control of the Sony BMG joint venture that was created in August 2004.The newly-formed company will be called Sony Music Entertainment Inc (SMEI) and will be a wholly-owned subsidiary of Sony Corp.

    1 minute read

  • July 23, 2008 |

    Dealmaker: John Balsdon

    Herbert Smith energy finance supremo John Balsdon on Russia, the tyranny of email and cows listening to Vivaldi

    1 minute read

  • July 17, 2008 |

    US Briefing: The rarefied air of the A-list

    It's A-list season at The American Lawyer. For the sixth year, we applied the A-list algorithm to The Am Law 200 to determine the firms that best embody what it means to be a success in the legal community. As always, there were surprises. There is a new A-list champ, Munger Tolles & Olson, which replaced Debevoise & Plimpton. Some firms fell completely off the list (Howrey; Robins Kaplan, Miller & Ciresi; Wilmer Cutler Pickering Hale and Dorr). Others climbed back on (Sullivan & Cromwell and Covington & Burling), or made their A-list debut (O'Melveny & Myers).

    1 minute read

  • July 16, 2008 |

    Cleary secures lead role on management buy-out of hedge fund pioneer IAM

    Cleary Gottlieb Steen & Hamilton and Clifford Chance (CC) have taken the lead roles on the management buyout of one of the oldest fund-of-hedge-funds managers.

    1 minute read

  • July 14, 2008 |

    Shearman, Wachtell lead on $19bn chemicals sale

    Shearman & Sterling has taken the lead role alongside Wachtell Lipton Rosen & Katz on a chemical company acquisition worth approximately $18.8bn (£9.5bn). US chemical giant Dow Chemical Company agreed to buy Rohm and Haas in the deal, which closed on 10 July. Leading the Wachtell team advising Rohm and Haas is corporate partner and co-chairman of the executive committee Daniel Neff and corporate partner Stephanie Seligman in New York. The Shearman team, advising Dow, is being led by New York-based M&A partners John Marzulli Jr and Scott Petepiece.

    1 minute read

  • July 2, 2008 |

    US appeal court upholds sanctions against Cleary

    The US Court of Appeals for the Second Circuit has affirmed sanctions against Cleary Gottlieb Steen & Hamilton for allegedly trying to convince a non-party witness not to attend a deposition, reports the New York Law Journal.The circuit's summary order came less than a week after Cleary appeared before the appeals court to argue for the reversal of the sanctions imposed last August by Southern District of New York Judge Loretta Preska.However, the panel of judges ruled that nothing in the record indicated Preska had ruled incorrectly.

    1 minute read