Friederike Heine

November 01, 2011 | International Edition

Weil Gotshal & Manges' London office has advised on the administration of the UK arm of broker MF Global - the first company to enter Britain's special administration regime set up to protect market stability. Weil is acting for the company's administrators, KPMG, with London restructuring head Adam Plainer and fellow partner Paul Bromfield taking the lead for the US firm.

By Friederike Heine

2 minute read

November 01, 2011 | International Edition

Kaye Scholer has become the latest firm to pick up a partner from Ashurst, with the US firm bringing in London restructuring partner David von Saucken. Von Saucken, who joined the US firm today(1 November), is qualified to practise both English and German law. He will split his time between the firm's London and Frankfurt offices and is the firm's first restructuring partner in London.

By Friederike Heine

2 minute read

October 31, 2011 | International Edition

Cleary Gottlieb Steen & Hamilton has announced its annual partner promotions, with one new partner made up in London out of a global total of seven. The seven new partners are spread across six of the firm's offices, with two made up in New York, and one each in London, Washington, Paris, Brussels and Milan.

By Friederike Heine

2 minute read

October 31, 2011 | International Edition

White & Case's London arm paid out £10.4m towards the global firm's central running costs in 2010 - an increase of over 40% on the previous year. The firm's new UK limited liability partnership (LLP) accounts for 2010 show its London office paid out in excess of £10.4m in contributions towards White & Case's share of joint costs, up from slightly more than £7.4m in 2009. The contribution from the firm's UK practice has more than doubled since 2008, when it paid out £4.7m.

By Friederike Heine

3 minute read

October 28, 2011 | International Edition

Slaughter and May and Cleary Gottlieb Steen & Hamilton have taken lead roles on Sony's £920m acquisition of Ericsson's stake in mobile phone joint venture Sony Ericsson. The deal, which has seen Sony buy Ericsson's entire 50% stake in the joint venture, will allow the Japanese company to ramp up its smartphone efforts as it positions itself to compete with Apple and Samsung in the market.

By Friederike Heine

2 minute read

October 27, 2011 | International Edition

Baker & McKenzie is gearing up to launch in Turkey later this year, with the new office set to operate in co-operation with local firm Esin Attorney Partnership to comply with local Bar rules. Esin, which is based in Istanbul, is a 40-lawyer firm which covers practice areas including corporate, real estate, dispute resolution and competition law. The firm's main clients include NBK Capital, Global Investment House, Unicredit, Carrefour, Metro Asset Management, Credit Suisse and Pfizer.

By Friederike Heine

2 minute read

October 26, 2011 | International Edition

Nabarro has taken a hat-trick of corporate roles for Sportingbet, including advising on the company's high-profile takeover approach from betting rival Ladbrokes. Corporate partner Graham Stedman advised the online betting company – a longstanding client of the firm – on Ladbrokes' 75p-a-share offer, which was withdrawn earlier this month (10 October). The initial approach was first made in June.

By Friederike Heine

2 minute read

October 26, 2011 | International Edition

Everything Everywhere is set to kick off a redundancy consultation in its in-house legal team following a restructuring that has seen 22 senior management roles cut at the newly-merged company. The mobile phone operator, which was formed by last year's merger of Orange and T-Mobile, has cut one senior legal role as a result of the consolidation of the two businesses, with 10 further junior legal roles subsequently placed under review.

By Friederike Heine

2 minute read

October 26, 2011 | International Edition

Shearman & Sterling, Freshfields Bruckhaus Deringer, Skadden Arps Slate Meagher & Flom, Nabarro and Willkie Farr & Gallagher have all won roles on German car company Daimler's inaugural legal panel. The mandates will see the firms advise the company across the UK, Continental Europe and the US.

By Friederike Heine

2 minute read

October 26, 2011 | International Edition

The Attorney General's Office (AGO) is consulting on proposals to usher in US-style plea bargaining in the UK to help prosecutors crack down on white-collar crime. The AGO has begun consulting on a form of plea bargaining called deferred prosecution agreements (DPAs), a tactic often used by prosecutors in the US to pursue fraud and corporate-wrongdoing.

By Friederike Heine

3 minute read