Sofia Lind

May 11, 2012 | International Edition

Linklaters and Clifford Chance (CC) have won roles on two financing deals for Glencore worth nearly $16bn (£10bn) in total. The most recent financing was signed last month (25 April) and saw the mining giant raise $12.5bn (£7.7bn) for Glencore International and Glencore Singapore, through revolving credit facilities with a syndicate of 91 banks. Earlier in April the commodities giant set up a $3.1bn (£1.9bn) liquidity facility, relating to its ongoing merger with rival mining giant Xstrata, backed by a 30-strong banking consortium.

By Sofia Lind

2 minute read

May 10, 2012 | International Edition

Clifford Chance (CC) could lose millions of pounds of rental income from its Canary Wharf headquarters later this year, when the London Organising Committee of the Olympic and Paralympic Games (LOCOG) staff housed in the building for the last two years are expected to move out. LOCOG currently has no set exit date from the building but it will be preparing to wind down following the Games in July and August this year.

By Sofia Lind

3 minute read

May 10, 2012 | International Edition

Ashurst has secured a first-time appointment to Societe Generale's UK panel as the French banking giant has moved to expand its City adviser relationships. Ashurst joins SNR Denton, Freshfields Bruckhaus Deringer, White & Case and Linklaters on the line-up, which was drawn up two months ago.

By Sofia Lind

2 minute read

May 10, 2012 | International Edition

Freshfields Bruckhaus Deringer and Travers Smith have taken lead roles on the high-profile administration of high street retailer Clinton Cards. The greeting card retailer went into administration yesterday (9 May), placing 8,000 jobs at risk, after defaulting on a loan payment to its largest supplier, American Greetings.

By Sofia Lind

2 minute read

May 09, 2012 | International Edition

Taylor Wessing has announced its annual partner promotions for its UK and German arms, with the firm making up six new partners including one in the City. Mustafa Hussain, a corporate lawyer with a special focus on private wealth and the Middle East, has become the only new partner in the London office in this year's round, with employment and immigration specialist Charlie Pring becoming a senior counsel.

By Sofia Lind

2 minute read

May 09, 2012 | International Edition

Quinn Emanuel Urquhart & Sullivan is set to hire two London arbitration partners from Allen & Overy (A&O), Stephen Jagusch and Anthony Sinclair, with the hires coming just days after the US litigation specialist launched in Hamburg with a team from A&O.

By Sofia Lind

3 minute read

May 08, 2012 | International Edition

Clifford Chance (CC) is consulting partners on plans to amend its termination policy to allow a quicker exit for restructured partners by cutting their so-called improvement period. The consultation was launched in April with a memo sent out to partners proposing the partnership deed be amended to allow management to shorten the consultation period and lengthen the notice period in some partner terminations.

By Sofia Lind

2 minute read

May 08, 2012 | International Edition

Linklaters, Weil Gotshal & Manges and Mills & Reeve have advised on a £1.2bn deal that is set to see iconic breakfast brand Weetabix becoming majority Chinese-owned. The deal has seen Linklaters act for Chinese food giant Bright Foods, which has bought a 60% stake in Weetabix from owner Lion Capital.

By Sofia Lind

2 minute read

May 04, 2012 | International Edition

Taylor Wessing is merging with Austrian law firm ENWC, handing the Anglo-German firm its first offices in Central and Eastern Europe (CEE). The merger with the 70-lawyer practice firm will see the addition of eight offices across six new jurisdictions added to the Swiss Verein-backed legal group, with the CEE arm to operate under the name Taylor Wessing ENWC. The union went live today (4 May).

By Sofia Lind

3 minute read

May 03, 2012 | International Edition

Simmons & Simmons has named the first two London partners who will relocate to Bristol to head up the firm's second UK arm.

By Sofia Lind

2 minute read