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  • March 25, 2008 |

    Norton Rose leads on landmark London sukuk

    Norton Rose has advised on the first-ever listing of a sovereign sukuk bond on the London Stock Exchange. The top 10 City firm advised the Kingdom of Bahrain, a longstanding Norton Rose client, on the issue of its £176.8m al-Ijara bond. The listing started trading on 20 March.

    1 minute read

  • March 20, 2008 |

    White & Case taps Lovells for City arbitration boost

    White & Case has moved to bolster its London arbitration practice with a heavyweight partner hire from Lovells. The US firm has recruited Lovells global international arbitration head Phillip Capper, who is set to join in May.

    1 minute read

  • March 20, 2008 |

    Editor's Comment: The ultimate stock drop

    The fire-sale of Bear Stearns to JP Morgan Chase represents an extraordinary chapter for corporate America and one of the most significant events to hit the US legal market in recent years. The 'cost' of acquiring Wall Street's fifth largest bank has nothing to do with the $236m (£117m) the house of Morgan is putting up, which amounts to less than a quarter of the value of Bear Stearns' Manhattan real estate. The cost is the $6bn (£2.96bn) one-off charge set aside to handle potential litigation and severance costs.

    1 minute read

  • March 20, 2008 |

    Advisers scramble as credit turmoil claims Carlyle fund and Bear Stearns

    Finance lawyers are scrambling to position themselves globally after renewed turmoil in credit markets led to the collapse of two hedge funds in Europe and the fire-sale of Wall Street giant Bear Stearns.First to secure lead roles were Skadden Arps Slate Meagher & Flom and Linklaters as Carlyle Capital Corporation announced its liquidation after defaulting on debts of $16bn (£7.8bn).

    1 minute read

  • March 19, 2008 |

    Jomati teams up with Adam Smith in NY

    Legal management experts Jomati Consultants and Altman Weil have agreed an alliance with Bruce MacEwan, the founder of US legal website Adam Smith Esq. Jomati and US affiliate Altman Weil have agreed a deal that will see MacEwan act as lead consultant for the group in New York.

    1 minute read

  • March 19, 2008 |

    ...Legal Week Lunchbox: 19/03/08...

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

    1 minute read

  • March 18, 2008 |

    JP Morgan sets aside $6bn to combat Bear Stearns claims as Wachtell secures trophy mandate

    JP Morgan Chase is setting aside $6bn (£2.9bn) to cover potential litigation as it agrees to buy stricken Wall Street giant Bear Stearns for just $240m (£119m). Following the announcement on 16 March that it is buying the bank for a fraction of its previous value, JP Morgan said it is estimating the cost of the transaction at around $6bn - taking into account the potential of litigation stemming from the drop in Bear Stearn's stock value and severance costs.

    1 minute read

  • March 18, 2008 |

    ...Legal Week Lunchbox: 18/03/08...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts; Manches' Joanne Edwards on Heather versus Sir Paul; and more

    1 minute read

  • March 14, 2008 |

    Skadden's Mallon in for Carlyle Capital collapse

    Skadden Arps Slate Meagher & Flom has landed a lead advisory role on the liquidation this week of Carlyle Capital Corporation. City-based restructuring partner Chris Mallon (pictured right) is leading the team for Skadden advising Carlyle Capital, which has defaulted on debts worth $16bn (£7.8bn). The company reported earlier this week that it had failed to reach an agreement with its lenders, which include Deutsche Bank and JP Morgan Chase.

    1 minute read

  • March 12, 2008 |

    Offshore: Protect your profit

    The UK tax rules on foreign profits are in desperate need of change, prompting the Treasury to issue a consultation document on the topic last summer. Nikol Davies looks at how traditional offshore tax planning methods used by UK groups could be set to change

    1 minute read