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  • May 22, 2013 |

    Skadden and White & Case among elite line-up on vodka giant restructuring

    A host of firms including Skadden Arps Slate Meagher & Flom and White & Case have taken roles on the approval of a bankruptcy plan for Central European Distribution Corporation (CEDC), one of the world's largest vodka producers. The plan, which was approved by a US court earlier this month and comes into effect on 31 May, will see Russian billionaire Roustam Tariko receive all of CEDC's stock in return for a $277m (£183m) settlement with the Polish company's creditors.

    1 minute read

  • May 20, 2013 |

    Simpson Thacher takes high-profile Yahoo! role on $1.1bn Tumblr buyout

    Simpson Thacher & Bartlett and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian have taken lead roles on the $1.1bn (£723m) acquisition of blogging website Tumblr by Yahoo!. Yahoo! confirmed the deal in a statement today (20 May), including a promise "not to screw it up". The largely cash-based deal will see Tumblr retain its independence as a separately operated business, with founder and current CEO David Karp remaining in his post.

    1 minute read

  • May 16, 2013 |

    Dealmaker: Michal Berkner

    The Skadden London partner on not deviating from the plan and the pros of being the only woman at the table

    1 minute read

  • May 15, 2013 |

    Raft of US firms score roles on AsiaInfo-Linkage take private

    A raft of US law firms have acted on the take private of AsiaInfo-Linkage, the latest Chinese company to de-list from a US bourse through a management buyout. The Chinese telecom software provider this week said it had accepted an offer to be acquired by a private investor consortium led by CITIC Capital Partners and AsiaInfo-Linkage co-founder Edward Tian, which values the company at $890m and would see it removed from Nasdaq.

    1 minute read

  • May 9, 2013 |

    Berrymans IT director highlights need for greater investments by law firms

    Law firms need to invest in their IT systems in order to expand their business, according to the chair of Legal Week's forthcoming Strategic Technology Forum. Abby Ewen, IT director at Berrymans Lace Mawer, highlights the need for continued investment in IT in a video interview with Legal Week publishing director John Malpas, ahead of the conference next month.

    1 minute read

  • May 5, 2013 |

    The Transfer Window: recent moves including Latham, CC and A&O

    Latham & Watkins has turned to Norton Rose for its latest London partner hire, recruiting banking partner Dean Naumowicz for its City finance team. Naumowicz, who joined Norton Rose as a partner in 2006 from Barclays Capital, focuses on derivatives and structured finance. Roles he has taken on recent deals have included acting for project company Societa di Progetto Brebemi on a €2.3bn (£1.9bn) toll motorway project in Italy, on which he worked with a team of lawyers from the firm's Milan office.

    1 minute read

  • April 18, 2013 |

    A&O and Skadden among firms on €7.5bn bid for Douwe Egberts parent company

    Allen & Overy (A&O), Stibbe and Skadden Arps Slate Meagher & Flom are among a line-up of law firms acting on the potential €7.5bn (£6.4bn) takeover of coffee brand Douwe Egberts' Dutch parent company DE Master Blenders (DEMB) 1753. JAB group, led by German investor Joh A Benckiser, plans to acquire DEMB to add to its existing coffee and tea brand portfolio, which includes Caribou Coffee and Peet's Coffee & Tea. JAB previously owned a majority 15% stake in the company. Benelux firm Stibbe is advising JAB on local law with a team under head of corporate Derk Lemstra and private equity chief Bjorn van der Klip.

    1 minute read

  • April 16, 2013 |

    CC and A&O among international quartet on key Hong Kong IPO double

    Clifford Chance (CC) and Allen & Overy (A&O) have landed lead roles on two key Hong Kong initial public offerings (IPOs), working opposite US outfits Davis Polk & Wardwell and Kirkland & Ellis respectively. The planned listings of state-owned brokerage China Galaxy Securities Co and Sinopec Engineering (Group) Co, a wholly owned subsidiary of Asia's biggest oil refiner, Beijing-based Sinopec Group, are said to be the biggest IPOs in Hong Kong so far this year.

    1 minute read

  • April 4, 2013 |

    Skadden makes up London arbitrator in eight-strong promotions round

    Skadden Arps Slate Meagher & Flom has made up one London lawyer to partner in an eight-strong global promotion round. Litigation and international arbitration counsel David Herlihy joins Skadden's partnership in the City, bringing the total number of partners in London to 32, including six in the arbitration and litigation group.

    1 minute read

  • March 27, 2013 |

    Top firms relocate more senior lawyers to Asia as East's rise continues

    UK and global law firms are increasingly relocating senior partners and practice group heads to the Asia-Pacific region as they continue to pin their hopes on the market, despite the recent downturn in activity in areas such as capital markets. A survey of 30 UK and US law firms by Legal Week found that 57% of those firms now have at least one global practice head, department co-chair or deputy chair based in Asia, with the majority of these appointed since the start of 2010. Freshfields Bruckhaus Deringer, Clifford Chance (CC) and Herbert Smith Freehills each now have at least two international practice heads based permanently in the Asia-Pacific, compared with one or fewer in 2010.

    1 minute read