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  • September 1, 2010 |

    CEE-ing potential

    Elections have taken place across the Central and Eastern European (CEE) region this year, including in Hungary and the Czech and Slovak republics. The resulting coalition Governments have had important ramifications for the way businesses operate in each country, with a knock-on effect for local law firms. Many advisers are still focused on the busy infrastructure sector in the region, in particular flagship road projects and the much-touted alternative energy industries.

    1 minute read

  • August 24, 2010 |

    Five-partner Hogan Lovells IP team quits for move to DLA Piper in LA

    DLA Piper has recruited a five-partner team from Hogan Lovells' intellectual property (IP) practice in Los Angeles, reports The National Law Journal. The group includes Richard de Bodo, a former IP practice leader at Hogan Lovells whose clients have included Dow Jones, News Corp and Panasonic.

    1 minute read

  • August 18, 2010 |

    Herbert Smith and A&O advise on billion-dollar Gazprom financing

    Herbert Smith and Allen & Overy (A&O) have taken lead roles on a major Russian finance deal which has seen Gazprom Neft secure loans of up to $1.5bn (£963m). The oil unit of Russia energy giant Gazprom has lined up financing of $1.35m (£866m) so far, a figure which could rise to $1.5bn if more lenders are signed up. Herbert Smith is advising Gazprom Neft with a team led by Moscow-based energy finance partner Ed Baring.

    1 minute read

  • August 17, 2010 |

    Trio of firms head up BP's $5bn oil revenue loan deal with major banks

    Linklaters has taken the lead role for BP as the oil giant moves to borrow $5bn (£3bn) by pledging sales revenues from two oil fields. BP has raised the multibillion-dollar sum via a banking deal involving oil revenues from two separate fields in Azerbaijan and Angola, with Herbert Smith advising the arranging banks on the $3bn (£2bn) Angola loan and Baker & McKenzie advising the banks on the Azerbaijan deal.

    1 minute read

  • August 17, 2010 |

    Mayer Brown adds partner duo to Asia offices

    Mayer Brown JSM has bulked up its Beijing and Hong Kong offices with the hire of two partners from Winston & Strawn and Sidley Austin. Xiang Yang Ge joined Mayer Brown last month to head up the Beijing projects practice from Winston & Strawn's local office, where he was also office head. Prior to joining Winston & Strawn in 2009 he had spent 18 years at Baker & McKenzie.

    1 minute read

  • August 17, 2010 |

    Ex-DLA partner charged with payroll forgery sees two-month sentence cut

    A former DLA Piper Singapore partner who was sentenced to two months in prison for lying about his annual compensation when moving firms has had his sentence cut to just one day on appeal, reports The Am Law Daily. Rudy Lim, the former head of DLA's Indonesia practice, will now serve just one day in jail and pay a $10,000 (£6,400) fine. Lim was disbarred in the UK as a result of telling US firm Duane Morris that his monthly drawings at DLA were $65,000 ($41,000) rather than the true figure of $25,000 (£16,000).

    1 minute read

  • August 12, 2010 |

    Bakers London office sees PEP jump 56% as firm reveals 2009-10 results

    Baker & McKenzie has posted its results for the last financial year, including a 56% hike in partner profits in the US firm's London office. Bakers took in firmwide turnover of $2.1bn (£1.3bn) for the year ending 30 June, marking a 0.4% drop on the figure reported last year. London revenues grew by 5% to $120.3m, while the office's PEP rose by 36% from £418,000 to £650,000.

    1 minute read

  • August 11, 2010 |

    Hammonds and Bakers brew up Chelsea FC beer sponsorship deal

    Hammonds and Baker & McKenzie have landed roles on Chelsea Football Club's sponsorship deal with Singha Beer, making the Thai brand Chelsea's official beer.

    1 minute read

  • August 6, 2010 |

    Court ruling in A&O layoff dispute reopens debate over status of France associates

    Allen & Overy (A&O) has been ordered to pay damages to a former Paris associate who was laid off last year as part of the firm's global redundancy programme. The magic circle firm declined to comment on the ruling, first reported on RollOnFriday, other than to state: "The court found in favour of the associate and the matter has now been settled."

    1 minute read

  • August 4, 2010 |

    Trio of firms line up on Rio Tinto's $2bn joint venture with Chinese aluminium giant

    Linklaters, Baker & McKenzie and Allens Arthur Robinson have all advised on the $2bn (£1.3bn) joint venture between Rio Tinto and Chalco to build a new mine, rail and port infrastructure in Guinea. Linklaters advised Rio on UK and US law with a team led by corporate partner James Inglis alongside competition partner Gavin Robert, tax partner Elizabeth Conway and US corporate partner Tom Shropshire. Allens also acted for Rio with a team comprising energy partners Scott Langford, Nic Tole and Ted Hill, banking and finance partner Steve Pemberton and M&A partner Richard Kriedemann.

    1 minute read