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  • March 22, 2007 |

    Camerons to introduce quarterly financial budgets in sector re-jig

    CMS Cameron McKenna is introducing financial budgets for its sector groups with each team given a 10% growth target over three years. Camerons has reviewed each of its eight industry focus groups and is relaunching the system, with each sector now preparing quarterly reports on its financial performance.

    1 minute read

  • March 22, 2007 |

    ExxonMobil assistant GC joins Fulbright New York

    Texas leader Fulbright & Jaworski has hired senior ExxonMobil lawyer John Tully as of counsel in its New York office. Tully spent 25 years with the company, where he worked his way up to become assistant general counsel and was in charge of worldwide litigation. Other recent Fulbright hires include that of Ashurst energy partner Jeremy Sheldon, who joined the firm's London office earlier this month.

    1 minute read

  • March 21, 2007 |

    Deals: M&A: 22/03/2007

    - Olswang has advised mobile services company iTouch's global management team on its $100m (£51m) management buy-out of iTouch Holdings from Japanese entertainment company For-side.com. Corporate partners Mark Bertram and Stephen Hermer led the team at Olswang. Simmons & Simmons corporate partner Jason Daniel advised For-side.

    1 minute read

  • March 21, 2007 |

    Adrian Clark: Is it the end of the road for schemes?

    The increased use of schemes of arrangement to effect takeovers has been a dominant feature of the UK public company takeover world over the past few years. One only needs to point to recent examples including Gallaher, Corus, Scottish Power, RHM and Countrywide to demonstrate the increased appetite.

    1 minute read

  • March 15, 2007 | International Edition

    A&O leads Imperial's £8bn bid for Spanish rival

    Allen & Overy (A&O) and Garrigues have won the lead roles on the €11.5bn (£7.85bn) approach by Imperial Tobacco for Spanish rival Altadis, announced earlier today (15 March). A&O is advising Imperial, the fourth-largest tobacco company in the world, with City-based corporate partner Jeremy Parr - who handles the magic circle firm's relationship with the client - leading the team.

    1 minute read

  • March 15, 2007 |

    A&O leads Imperial's £8bn bid for Spanish rival

    Allen & Overy (A&O) and Garrigues have won the lead roles on the €11.5bn (£7.85bn) approach by Imperial Tobacco for Spanish rival Altadis, announced earlier today (15 March). A&O is advising Imperial, the fourth-largest tobacco company in the world, with City-based corporate partner Jeremy Parr - who handles the magic circle firm's relationship with the client - leading the team.

    1 minute read

  • March 14, 2007 |

    Apax adds two firms to core line-up

    Private equity giant Apax Partners has reviewed its preferred adviser list - widening its panel to cover five firms. The private equity house has reappointed regular advisers Freshfields Bruckhaus Deringer, Ashurst and Weil Gotshal & Manges, while Allen & Overy (A&O) and Kirkland & Ellis have both won a coveted place on the roster for the first time.

    1 minute read

  • March 14, 2007 |

    Commentary: Cadwalader faces test as curtain draws on Wilkinson show

    So it was rumoured, so it has come to pass. The persistent gossip in restructuring circles was that Andrew Wilkinson would be quitting Cadwalader Wickersham & Taft as the Eurotunnel restructuring winds down for a major investment bank. And so, with Cadwalader's star confirming last week that he is moving to Goldman Sachs to co-head its restructuring department, he has.

    1 minute read

  • March 14, 2007 |

    Offshore: Fund raiser

    Guernsey recently witnessed the conclusion of an innovative securitisation deal which has boosted a new fund concept. The development of this highly successful product for Dominion PCC Limited saw aspects of the new funding structure breaking new ground. Established in December 2004, Dominion, a Guernsey open-ended investment fund structured as a protected cell company (PCC), offers 12 cells that invest either through life policies in the with-profits funds of Prudential International Assurance or Norwich Union International on either a leveraged or unleveraged basis.

    1 minute read

  • March 12, 2007 |

    London transport bodies to run joint projects panel

    Transport for London (TfL) and London Underground have united to appoint a joint panel for major projects work. A shortlist of 18 firms have been invited to tender for panel places, with the new panel - which carries a four-year term - set to take effect from July when London Underground's present panel arrangements expire.

    1 minute read