Europe
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Commentary: Icelandic meltdown promises pain and gain on High Street
By a:1:{i:0;s:1:" ";} | October 15, 2008
For a small country, the fallout from Iceland's banking crisis has been pretty spectacular. Standing at around £12bn, the country's entire gross domestic product works out to be roughly the same as the total revenues of the UK's top 50 law firms - yet its foreign liabilities are about five times that amount. Little wonder, then, that City lawyers are predicting a glut of work as the UK ramifications of last week's collapse of three of Iceland's largest banks become clearer.In recent years, there has been a stream of Icelandic investment into UK businesses, with rafts of City firms picking up mandates as Icelandic banks and investment houses made in-roads into everything from the retail sector to football clubs.
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Commentary: Icelandic meltdown promises pain and gain on High Street
By Charlotte Edmond | October 15, 2008
For a small country, the fallout from Iceland's banking crisis has been pretty spectacular. Standing at around £12bn, the country's entire gross domestic product works out to be roughly the same as the total revenues of the UK's top 50 law firms - yet its foreign liabilities are about five times that amount. Little wonder, then, that City lawyers are predicting a glut of work as the UK ramifications of last week's collapse of three of Iceland's largest banks become clearer.In recent years, there has been a stream of Icelandic investment into UK businesses, with rafts of City firms picking up mandates as Icelandic banks and investment houses made in-roads into everything from the retail sector to football clubs.
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UK trio lead on Icelandic bank administrations
By a:1:{i:0;s:1:" ";} | October 9, 2008
Denton Wilde Sapte, Freshfields Bruckhaus Deringer and Slaughter and May are among the advisers lining up to act on the administration of the UK arms of Icelandic banks Kaupthing and Landsbanki. Freshfields is thought to have taken the lead role for the administrators Ernst & Young on the collapse of Heritable Bank - the Scottish subsidiary of Iceland's Landsbanki - under a team led by head of restructuring and insolvency Ken Baird, restructuring and insolvency partner Nick Segal, dispute resolution partner Neil Golding and restructuring and insolvency counsel Anne Sharp.
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UK trio lead on Icelandic bank administrations
By Charlotte Edmond | October 9, 2008
Denton Wilde Sapte, Freshfields Bruckhaus Deringer and Slaughter and May are among the advisers lining up to act on the administration of the UK arms of Icelandic banks Kaupthing and Landsbanki. Freshfields is thought to have taken the lead role for the administrators Ernst & Young on the collapse of Heritable Bank - the Scottish subsidiary of Iceland's Landsbanki - under a team led by head of restructuring and insolvency Ken Baird, restructuring and insolvency partner Nick Segal, dispute resolution partner Neil Golding and restructuring and insolvency counsel Anne Sharp.
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US duo lead on Commerzbank's €9.8bn banking takeover
By a:1:{i:0;s:1:" ";} | September 1, 2008
New York leaders Shearman & Sterling and Sullivan & Cromwell have bagged top roles on insurance giant Allianz's €9.8bn (£7.9bn) sale of Dresdner Bank to German rival Commerzbank. Shearman is advising Allianz on the deal fielding a team including Duesseldorf-based co-managing partner Georg Thoma. The US firm's German arm has close links with Allianz and advised on its takeover of Dresdner in 2001. Thoma has also worked on deals including Shearman's 2005 acquisition of the outstanding 45% stake in Italian insurer Riunione Adriatica di Sicurta.
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US duo lead on Commerzbank's €9.8bn banking takeover
By Charlotte Edmond | September 1, 2008
New York leaders Shearman & Sterling and Sullivan & Cromwell have bagged top roles on insurance giant Allianz's €9.8bn (£7.9bn) sale of Dresdner Bank to German rival Commerzbank. Shearman is advising Allianz on the deal fielding a team including Duesseldorf-based co-managing partner Georg Thoma. The US firm's German arm has close links with Allianz and advised on its takeover of Dresdner in 2001. Thoma has also worked on deals including Shearman's 2005 acquisition of the outstanding 45% stake in Italian insurer Riunione Adriatica di Sicurta.
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Simmons shakes up international group heads
By a:1:{i:0;s:1:" ";} | August 19, 2008
Simmons & Simmons has appointed London corporate chief Mark Curtis as the new head of its corporate international practice group (IPG). Curtis, who was appointed earlier this month (8 August) by managing partner Mark Dawkins, replaces Damon Le Maitre-George who stood down to concentrate on managing the China corporate practice. Dawkins has also appointed London partner Tom Wheadon as head of the international information, communications and technology practice group - replacing Rotterdam partner Job Rietkerk in the position. Wheadon's appointment took place in July.
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Simmons shakes up international group heads
By Georgina Stanley | August 19, 2008
Simmons & Simmons has appointed London corporate chief Mark Curtis as the new head of its corporate international practice group (IPG). Curtis, who was appointed earlier this month (8 August) by managing partner Mark Dawkins, replaces Damon Le Maitre-George who stood down to concentrate on managing the China corporate practice. Dawkins has also appointed London partner Tom Wheadon as head of the international information, communications and technology practice group - replacing Rotterdam partner Job Rietkerk in the position. Wheadon's appointment took place in July.
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A&O and Slaughters lead on BA/Iberia merger bid
By a:1:{i:0;s:1:" ";} | July 30, 2008
Allen & Overy (A&O) has landed a high-profile instruction advising Spanish airline Iberia on its merger talks with British Airways (BA). A&O is fielding a team led by Madrid managing partner Inigo Gomez-Jordana and London corporate veteran Alan Paul in what will be seen as a trophy mandate for the top five London firm.
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A&O and Slaughters lead on BA/Iberia merger bid
By Georgina Stanley | July 30, 2008
Allen & Overy (A&O) has landed a high-profile instruction advising Spanish airline Iberia on its merger talks with British Airways (BA). A&O is fielding a team led by Madrid managing partner Inigo Gomez-Jordana and London corporate veteran Alan Paul in what will be seen as a trophy mandate for the top five London firm.
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