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International Edition

A&O capital markets chief Krischer voted in for second term

Allen & Overy (A&O) has appointed international capital markets head David Krischer for a second term. The new four-year term will start on 1 November, with Krischer having headed the global group since 2006. Krischer is a US national and dual-qualified capital markets partner. He has been a partner with A&O since 1992, when he obtained a UK solicitors' licence to be able to join the partnership at the magic circle firm.
2 minute read

International Edition

Litigation and dispute resolution: The new, new thing

Richard Fields likes antitrust cases; so far he likes them to the tune of $79m (£50m). Since late 2007, when he helped establish and float Juridica Capital Management on AIM, London Stock Exchange's junior market - raising $180m (£115m) in the process - Fields has been combing the US litigation market for commercial suits for his fund to invest in. Over the last three years, New York-based Juridica has sunk almost half of that money into five antitrust cases. Ferreting out the right antitrust case - that is, one in which liability has already been admitted - is as close to a sure thing as you can get in litigation financing, he boasts. The risk on liability "is typically very low [in these cases], especially in the United States, where there have been criminal convictions or plea agreements with the US Department of Justice," adds Fields, a former Dickstein Shapiro partner.
11 minute read

International Edition

Freshfields and A&O take headline roles on £1bn Betfair listing

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have won lead roles on the upcoming £1bn initial public offering (IPO) of online gambling company Betfair. Freshfields is advising Betfair with a team including M&A partners Martin Taylor and Tim Jones alongside senior associates Richard Blair and Doug Smith. A&O is advising the underwriters, which include Goldman Sachs, Morgan Stanley, Barclays Capital and Numis.
2 minute read

International Edition

CC City partner duo quit for Sidley Austin and corporate finance client

Two senior Clifford Chance (CC) partners are set to quit the firm's London office, with former Asia capital markets chief Stephen Roith and veteran real estate partner Iain Morpeth both leaving the firm. Roith, who stood unsuccessfully in the firm's London managing partner elections last year, is joining the London office of US firm Sidley Austin as co-head of capital markets, while Morpeth is joining Oppenheimer Investments as the corporate finance advisory firm's first global chief operating officer.
3 minute read

International Edition

White & Case and Dewey head up Egyptian bank's $600m eurobond issue

White & Case and Dewey & LeBoeuf have advised on the issue of a $600m (£390m) eurobond by the National Bank of Egypt (NBE). Dewey & LeBoeuf advised NBE - Egypt's largest bank - with London partner Camille Abousleiman taking the lead role. White & Case advised the underwriters, including Citigroup, Deutsche Bank and Morgan Stanley, with a team led by London partner Stuart Matty.
2 minute read

International Edition

CC recruits capital markets partner to advise on local law in Singapore

Clifford Chance (CC) has bolstered its Singapore office with the hire of a capital markets partner from Wong Partnership. Raymond Tong will be the first capital markets lawyer practising Singapore law in the office following the approval of the firm's local licence last year. CC previously had a joint venture with Wong Partnership that ended when the firm received its own licence in May 2009.
2 minute read

International Edition

Paul Hastings hires former Goldman MD for Hong Kong push

Paul Hastings Janofsky & Walker has hired a former Goldman Sachs managing director as a partner in its Hong Kong office. Steve Winegar worked at the bulge bracket bank for 12 years, originally in New York, and since 2005 led the legal coverage team for investment banking, capital markets and principal investment in Asia ex-Japan.
2 minute read

International Edition

Cleary takes top role for Brazilian oil firm on record $75bn share offering

Cleary Gottlieb Steen & Hamilton is advising Brazilian oil and gas giant Petrobras on its plan to raise nearly $75bn (£49bn) in the world's largest-ever share sale, reports The Am Law Daily. The US firm is acting as issuer's counsel on the sale, which will finance investments in developing offshore oil fields.
2 minute read

International Edition

Orrick leads as China cement giant transfers AIM listing to Hong Kong

A raft of law firms have taken advisory roles as West China Cement became the first Chinese issuer to transfer its listing from London to Hong Kong earlier this week (23 August). The deal handed roles to West End firm Memery Crystal, US firms Sidley Austin and Orrick Herrington & Sutcliffe, and offshore practice Carey Olsen.
2 minute read

International Edition

White & Case CEE capital markets chief joins Chadbourne in Moscow

White & Case's Central and Eastern Europe (CEE) capital markets head Simon Morgan has left the firm to join US firm Chadbourne & Parke in Moscow. Morgan joins Chadbourne's Moscow office as partner, as the New York-based firm moves to expand its capital markets practice in Russia and CEE.
2 minute read

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