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  • October 28, 2012 |

    Slaughters, BLP, DLA advise on sale of London landmark Admiralty Arch

    Slaughter and May, Berwin Leighton Paisner (BLP) and DLA Piper have advised on the Government's £60m sale of London landmark Admiralty Arch to Spanish developer Prime Investors Capital (PIC). The developer, which is run by former JP Morgan investment banker Rafael Serrano, won a competitive bid to secure the deal and will now undertake a restoration project that will see the Grade-I listed building transformed into an upmarket hotel, subject to planning permission.

    1 minute read

  • October 25, 2012 |

    Mayer Brown and Clifford Chance lead on first Latin America covered bond

    Clifford Chance (CC) and Mayer Brown have taken the lead roles on the first-ever covered bond programme in Latin America – a $500m (£312m) scheme kicked off by a $200m (£124m) five-year offering.

    1 minute read

  • October 23, 2012 |

    Fried Frank, CC advise as Permira ventures into family history with $1.6bn deal

    Fried Frank Harris Shriver & Jacobson, Clifford Chance (CC), Kirkland & Ellis and Wachtell Lipton Rosen & Katz have all picked up roles on the $1.6bn (£1bn) acquisition of Ancestry.com by private equity firm Permira and a consortium of investors. Fried Frank and CC represented UK buyout house Permira on the deal, with the US firm fielding a team led by corporate partners Robert Schwenkel (New York) and Brian Mangino (Washington DC).

    1 minute read

  • October 19, 2012 |

    CC hands Layton new four-year term as global corporate chief

    Clifford Chance (CC) has reappointed Matthew Layton to serve another four-year term as global corporate head. Layton, who has led the practice since 2008, will start his new term at the beginning of November, following an uncontested election among the firm's corporate partners.

    1 minute read

  • October 17, 2012 |

    Government to hand more power to judges in extradition cases

    The decision to block the extradition of Gary McKinnon is set to pave the way for a 'forum bar' which would give judges the power to bar prosecution overseas if they believe it is in the interests of justice. During yesterday's (16 October) announcement of the decision in the high-profile McKinnon case, Home Secretary Theresa May confirmed plans to introduce the forum bar, which would mean - in cases where prosecution is possible in both the UK and another state - UK citizens could present their defences in the UK rather than facing extradition.

    1 minute read

  • October 11, 2012 |

    Mills & Reeve line up with magic circle duo on Cambridge Uni bond issue

    Mills & Reeve has taken a lead role alongside Clifford Chance (CC) and Linklaters on the University of Cambridge's 40-year, £350m bond issue. Morgan Stanley, HSBC and Royal Bank of Scotland are joint-managing the offering from the university, which last week received an AAA credit rating from Moody's. The move marks the university's first foray into the public market in its 800-year history.

    1 minute read

  • October 10, 2012 |

    Multimillion-dollar Dewey partner settlement gets court go-ahead

    The $71.5m (£45m) settlement between Dewey & LeBoeuf's former partners and the defunct firm's estate has been approved by the bankruptcy judge overseeing the case, less than five months after the US firm's high-profile collapse. Around 450 of 670 former Dewey partners have so far opted to participate in the settlement, which requires partners to pay portions of their earnings from 2011 and 2012 in exchange for a waiver from future liability over the firm's debts, with individual payments ranging from $5,000 (£3,100) to $3.37m (£2.1m).

    1 minute read

  • October 4, 2012 |

    SRA disputes Parabis criticism over ABS licence delays

    The Solicitors Regulation Authority (SRA) has defended itself against claims from Parabis Group chief executive Tim Oliver that the regulator was under-resourced when dealing with its alternative business structure (ABS) application.

    1 minute read

  • October 4, 2012 |

    Cleary and White & Case lead on $500m Russian bank IPO

    White & Case and Cleary Gottlieb Steen & Hamilton are advising on Russian bank Promsvyazbank's plans to seek a $500m (£309m) dual London-Moscow initial public offering (IPO).

    1 minute read

  • October 1, 2012 |

    Nomura shakes up in-house team as wholesale legal chief departs

    Nomura global head of legal and general counsel for wholesale David Graham has left the bank just over a year after taking up the role, provoking a wider restructuring of the legal team. Graham left the Japanese bank in September. He has not yet been replaced, with his responsibilities set to be split between Nomura chief legal officer, Noriaki Nagai, and other regional legal heads.

    1 minute read