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  • January 18, 2013 |

    Mayer Brown boosts City arm with high profile White & Case litigator

    Mayer Brown is to hire high profile White & Case litigation partner Alistair Graham for its London office. Graham, who focuses on financial services disputes and is rated in band two for corporate crime & investigations by Chambers and Partners, has particular experience in regulatory and fraud investigations and asset tracing. In addition to financial services work his client base includes companies in the TMT and oil and gas sectors.

    1 minute read

  • January 18, 2013 |

    Documents, documents, documents

    Julian Morgan, head of automation services at LexisNexis, makes the case for document automation.

    1 minute read

  • January 17, 2013 |

    Dealmaker: Clive Barnard

    The Herbert Smith Freehills finance partner on his 30th anniversary at the firm and his love of rugby – and Lycra

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  • January 8, 2013 |

    Dechert, Wachtell take key roles on BoA's $11.6bn toxic loan settlement

    Dechert and Wachtell Lipton Rosen & Katz have taken advisory roles on Bank of America's (BoA) $11.6bn (£7.2bn) settlement with US Government mortgage agency Fannie Mae to resolve mortgage purchase claims related to residential home loans. The settlement, which comes after the Manhattan US Attorney sued BoA last October for selling toxic loans, will see BoA make payments of $3.6bn (£2.2bn) and repurchase 30,000 loans for $6.75bn (£4.2bn), as well as paying $1.3bn (£808m) to Fannie Mae to resolve loan servicing fee obligations.

    1 minute read

  • January 8, 2013 |

    SRA appoints seven to slimmed-down disciplinary panel

    Bevan Brittan and Capsticks are among a group of seven firms to have been appointed by the Solicitors Regulation Authority (SRA) to its slimmed-down disciplinary proceedings panel. The other five firms rounding out the panel are Pennington Solicitors, Jonathan Goodwin Solicitor Advocate, David Barton Solicitor Advocate, Morgan Cole and Devonshire Solicitors.

    1 minute read

  • January 3, 2013 |

    Kirkland, Latham lead on $500m Avis purchase of car-sharing firm Zipcar

    Kirkland & Ellis and Latham & Watkins have taken lead roles on vehicle rental chain Avis Budget Group's $500m (£307m) acquisition of Zipcar, the world's biggest car-sharing firm. The deal will see Avis acquire Zipcar for $12.25 (£7.50) per share in cash. the company, which listed on NASDAQ in April 2011, acquired UK rival Streetcar for $50m (£32m) in 2010.

    1 minute read

  • December 19, 2012 |

    Gibson Dunn advises as UBS reaches £945m Libor settlement

    Gibson Dunn & Crutcher has advised UBS on its (£945m) settlement with US and UK authorities over allegations that the Swiss bank tried to manipulate Libor interest rates. UBS announced today (19 December) that it was settling with the US Department of Justice (DoJ) and the Commodity Futures Trading Commission (CFTC), the Financial Services Authority (FSA) in the UK, and the Swiss Financial Market Supervisory Authority (FINMA), over the regulators' investigations into manipulation of the Libor interbank lending rates.

    1 minute read

  • December 14, 2012 |

    CC picks up role advising Autonomy founder against HP claims

    Clifford Chance is advising Autonomy founder Mike Lynch against allegations of financial impropriety and misrepresentation made by Hewlett Packard (HP), which acquired Lynch's software company last year for $11bn (£6.8bn). The magic circle firm also confirmed it is advising other former members of Autonomy's management. HP made the allegations in a press statement on 20 November, as it announced an $8.8bn (£5.5bn) write-down related to Autonomy in the fourth quarter of its 2012 fiscal year.

    1 minute read

  • December 10, 2012 |

    Cleary, CC and Links act on €10bn Greece bond buyback scheme

    Cleary Gottlieb Steen & Hamilton, Clifford Chance (CC) and Linklaters have all taken advisory roles on Greece's €10bn (£8.1bn) bond buyback scheme. The country last week announced plans to buy its debt at a steep discount, as part of conditions the state must fulfil before receiving its next round of financial aid, which require Greece to cut its debt to 124% of GDP by 2020.

    1 minute read

  • December 6, 2012 |

    Herbert Smith Freehills and Latham win roles on Lonmin's $817m rights issue

    Herbert Smith Freehills and Latham & Watkins have landed roles on crisis-hit platinum miner Lonmin's $817m (£509m) rights issue and renegotiation of its existing debt facilities. Proceeds raised from the issue on the London and Johannesburg stock exchanges will be used to repay Lonmin's existing debt and trigger amendments to its debt facilities.

    1 minute read