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  • June 30, 2011 |

    Hogan Lovells leads as News Corp cuts MySpace losses with $35m sell-off

    Hogan Lovells has advised News Corporation on its $35m (£22m) sale of MySpace, six years after the media giant purchased the social networking site for $580m (£362m), reports The Am Law Daily. The acquisition by targeted advertising company Specific Media will see most of MySpace's 400 employees dismissed following the change in ownership, according to an email sent out on Wednesday (29 June) by MySpace CEO Mike Jones which confirmed the deal.

    1 minute read

  • June 29, 2011 |

    Freshfields and White & Case secure roles on £300m Aston Martin bond

    Freshfields Bruckhaus Deringer and White & Case are among a raft of firms to have taken roles on a £304m high yield bond offering by iconic car brand Aston Martin. The offering, which closed last week, saw notes listed on the Luxembourg Stock Exchange, as well as the creation of a £30m revolving credit facility.

    1 minute read

  • June 29, 2011 |

    SNR Denton takes tough line on exit terms as partners quit and UK PEP falls 36%

    SNR Denton has been hit by the resignation of two more key partners as it emerges that the firm may hold senior equity partners to a 12-month notice period. The latest partners to hand in their notice are regulatory head Chris Borg and senior banking partner Michael Black, who are set to join Reed Smith and Norton Rose respectively.

    1 minute read

  • June 29, 2011 |

    Senior banking partner quits SNR Denton to join Norton Rose

    SNR Denton London banking partner Michael Black is set to leave the firm to join Norton Rose. Black, who is co-head of SNR Denton's financial institutions and funds sector group, joined legacy Denton Wilde Sapte in 2003 from Theodore Goddard (now Addleshaw Goddard), where he had been the firm's head of banking. He originally qualified as a barrister and lawyer in New Zealand in 1992 and has been working in London since 1995.

    1 minute read

  • June 22, 2011 |

    Brown Rudnick bulks up in the City with two new partners

    Ashurst structured funds head Nick Terras is set to leave the firm to join Brown Rudnick's London office. Terras, who will become the US firm's 28th partner in the City, joined Ashurst last year from New York hedge fund specialist Schulte Roth & Zabel, when he was recruited as a consultant and handed a role to liaise between the UK firm's funds and derivates groups.

    1 minute read

  • June 22, 2011 |

    GTM and Skadden head up $1.8bn AstraZeneca sell-off

    Greenberg Traurig Maher (GTM) and Skadden Arps Meagher & Flom have taken lead roles on AstraZeneca's $1.8bn (£1.1bn) sale of its Swedish dental subsidiary Astra Tech to Dentsply International. GTM took the lead role for AstraZeneca on the sale, which came after a competitive auction process run by JP Morgan. London co-managing shareholders Paul Maher and Fiona Adams took the lead roles for the firm.

    1 minute read

  • June 15, 2011 |

    Freshfields wins second recent Hong Kong IPO role on $800m float

    Freshfields Bruckhaus Deringer and Skadden Arps Slate 
Meagher & Flom have advised on Huaneng Renewables' $800m (£500m) Hong Kong initial public offering (IPO). Skadden took the lead role for the Chinese renewable energy company, fielding a team led by Hong Kong corporate partner Dominic Tsun alongside Shanghai corporate and M&A 
partner Gregory Miao.

    1 minute read

  • June 15, 2011 |

    Outriders - the US firms breaking away from the herd in the City

    A disparate band of US firms are breaking away from the herd to become a real competitive force in the City. Caroline Hill assesses how far they've come and the terrain ahead

    1 minute read

  • June 15, 2011 |

    Racing tigers: Hong Kong steps up the battle with Singapore to claim Asia's arbitration crown

    A new ordinance coming into force this month aims to make Hong Kong's arbitration regime simpler and more flexible. It harmonises domestic and international arbitration and brings the framework up to date with the United Nations Commission on International Trade Law (UNCITRAL) Model Law, which sets the standard for national arbitration laws. It is also aimed at 
helping Hong Kong keep up with another former British colony: Singapore.

    1 minute read

  • June 13, 2011 |

    DLA Piper signs up BLP gaming head in double partner hire

    DLA Piper has recruited the head of Berwin Leighton Paisner's (BLP) gaming practice Hilary Stewart-Jones as part of a double partner hire. Stewart-Jones is joining DLA alongside gaming partner Stephen Ketteley, with the duo set to join the firm's London intellectual property and technology (IPT) group in early September.

    1 minute read