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  • 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

  • March 12, 2008 |

    Visa to shell out $15m in fees on landmark IPO

    White & Case is in line for a bumper pay-day after it emerged that client Visa is to shell out $15m (£7.45m) in legal fees and expenses for its long-awaited initial public offering (IPO), writes The American Lawyer. Visa disclosed details of its legal fees in an amended registration statement filed with the Securities & Exchange Commission (SEC) last week ahead of this month's IPO, which the company says could net a US record $18.8bn (£9.33bn) in stock sales.

    1 minute read

  • March 5, 2008 |

    Morgan Cole adds 10-strong injury team

    Welsh heavyweight Morgan Cole has bolstered its insurance practice with the hire of a 10-lawyer team from Gloucester-based Tayntons. The team, led by partner Mark Bailey and injury lawyer Graham Morris, joined Morgan Cole's Bristol office earlier this week (3 March). All 10 specialise in catastrophic injury claims work.

    1 minute read

  • March 5, 2008 |

    Bakers adds to capital markets with Citi hire

    Baker & McKenzie has hired a capital markets partner from Citigroup. Peter Castellon will join the firm in London from his position as director and counsel in Citigroup's markets and banking division. Before working with Citigroup for the last seven years, Castellon worked in the securities practices of Freshfields Bruckhaus Deringer in London and Morgan Lewis & Bockius in New York.

    1 minute read