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  • September 25, 2008 |

    Stephenson Harwood boosts London and Singapore arms with treble hire

    Stephenson Harwood has bolstered its partnership with the addition of two new partners in London and one in Singapore. Two of the new partners are lateral hires with the third an internal promotion in London. Both of the new partners in London sit within the law firm's tax group. Sanjay Mehta has joined as a partner in the corporate tax department from the City arm of US law firm Skadden Arps Slate Meagher & Flom. Mehta, who was a senior associate at Skadden, specialises in advising clients on the tax aspects of banking, M&A, structured and asset finance, private equity and restructuring matters. Meanwhile, the UK firm has also promoted Jeremy Glover to the London partnership. Glover, whose promotion will take effect from 1 October, has been working as a consultant with Stephenson Harwood since the beginning of the year. He specialises in share scheme work, but will also sit within the tax practice. Before joining Stephenson Harwood, Glover spent time with firms including K&L Gates, Ernst & Young, PricewaterhouseCoopers and Addleshaw Goddard.Stephenson Harwood corporate head Sharon White commented: "The hires fit in with our overall strategy to grow the corporate group with Jeremy enabling us to strengthen our share schemes and incentives offering, and Sanjay our tax practice and further capabilities."In Singapore, Stephenson Harwood has hired admiralty specialist Timothy Elsworth. Elsworth will join the firm as a partner later this month from Australian practice Ebsworth & Ebsworth, where he was a partner for nine years. Before joining the Australian firm Elsworth, a former deck officer, was an admiralty partner with Sinclair Roche & Temperly in Hong Kong, which merged with Stephenson Harwood in 2002. He specialises in marine, offshore and insurance litigation work.Elsworth said: "I was looking for a firm with international work in the region and a high reputation and it all came together with Stephenson Harwood."

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  • September 24, 2008 |

    Dundas takes top spot on Textron buy-out

    Scots leader Dundas & Wilson has won a lead role on the $645m (£369m) acquisition of the fluid and power division of Fortune 500 firm Textron. The law firm advised regular client Clyde Blowers on the transaction, which saw the Scottish company buy the unit that encompasses four different engineering businesses in Switzerland, the UK and the US. Dundas fielded a team of around 90 lawyers from its offices in Glasgow, Edinburgh and London, working with lawyers from six other law firms on cross-border issues.

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  • September 24, 2008 |

    Brazil: Investing to and fro

    Most emerging market companies look to the US, the UK and European exchanges for their primary listings. However, since 2004, Brazilian companies have increasingly been choosing the Sao Paulo Stock Exchange, known as BOVESPA. This has been, in part, because of the enactment in 2003 by the Brazilian Securities Commission (the CVM) of a new set of rules governing securities offerings in 2003. It is similar in many respects to US securities regulation. BOVESPA is now the largest and most liquid stock exchange in Latin America, with 62 Brazilian initial public offerings (IPOs) in 2007.

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  • September 24, 2008 | International Edition

    Simmons leads as Lehman litigation kicks off

    Simmons & Simmons has scored a role on the first litigation to emerge against the European administrators of Lehman Brothers. The City firm is taking the lead for hedge fund RAB Capital, which has come forward as one of the first claimants looking to recover some of the £22bn-worth of assets frozen when Lehman went into administration last week.

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  • September 24, 2008 |

    Simmons leads as Lehman litigation kicks off

    Simmons & Simmons has scored a role on the first litigation to emerge against the European administrators of Lehman Brothers. The City firm is taking the lead for hedge fund RAB Capital, which has come forward as one of the first claimants looking to recover some of the £22bn-worth of assets frozen when Lehman went into administration last week.

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  • September 24, 2008 | International Edition

    Ashurst lands Lehman role on Nomura takeover

    Ashurst is the latest firm to benefit from the fallout of Lehman Brothers' spectacular collapse, with the top 10 City firm advising Lehman's European investment banking division on its takeover by Nomura. Corporate head Adrian Clark and corporate partner Gavin Gordon are leading the team, which also includes employment, incentives and pensions head Caroline Carter. Nomura announced today (23 September) that it had agreed to buy the European and Middle Eastern equities and investment banking operations of the stricken bank. The Japanese bank also beat Barclays to take on Lehman's Asia-Pacific operations.

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  • September 24, 2008 |

    Ashurst lands Lehman role on Nomura takeover

    Ashurst is the latest firm to benefit from the fallout of Lehman Brothers' spectacular collapse, with the top 10 City firm advising Lehman's European investment banking division on its takeover by Nomura. Corporate head Adrian Clark and corporate partner Gavin Gordon are leading the team, which also includes employment, incentives and pensions head Caroline Carter. Nomura announced today (23 September) that it had agreed to buy the European and Middle Eastern equities and investment banking operations of the stricken bank. The Japanese bank also beat Barclays to take on Lehman's Asia-Pacific operations.

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  • September 23, 2008 |

    Skadden leads on Nomura's $230m Lehman purchase

    Skadden Arps Slate Meagher & Flom has landed the top role advising Nomura on its $230m (£124m) acquisition of Lehman Brothers' Asian businesses. The US firm is advising the Japanese bank from the firm's London and Hong Kong offices, with a team including Hong Kong corporate co-head Nick Norris, London restructuring partner Lynn Hiestand and London corporate partner John Adebiyi.Skadden is thought to be advising Nomura on its bid for the defunct investment bank's European assets.

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  • September 23, 2008 |

    ...Legal Week Lunchbox: 23/09/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; and more

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  • September 18, 2008 |

    Weil Gotshal, Linklaters take headline roles on dramatic Lehman collapse

    The collapse of Lehman Brothers and takeover of fellow Wall Street institution Merrill Lynch earlier this week have generated roles for a raft of top law firms on both sides of the Atlantic. Weil Gotshal & Manges and Linklaters have both secured lucrative mandates on Lehman's collapse as fears about the wider implications mount.Weil Gotshal was appointed as the main legal adviser to the stricken lender, which filed for Chapter 11 on Sunday night (14 September) after numerous failed attempts to shed its 'toxic assets'. Potential buyers including the Korean Development Bank, Bank of America and Barclays all walked away after weeks of discussions before the bank's spectacular collapse. The mandate will be seen as a coup for Weil Gotshal as the firm's top-tier restructuring practice has lost a stream of high-profile names in recent years, both in the US, where practice co-head Martin Bienenstock last year quit for Dewey & LeBoeuf, and in London, where Chris Mallon quit to join New York rival Skadden Arps Slate Meagher & Flom. Meanwhile in London, Link-laters' role for PricewaterhouseCoopers as the bank's administrator is likely to be the envy of many of its City rivals. The firm is fielding a team under restructuring chief Tony Bugg, banking partner Richard Holden and corporate partner David Ereira advising on UK aspects of the proceedings.

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