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International Edition

A&O, Slaughters and Linklaters lead as RBS launches Direct Line IPO

Allen & Overy and Slaughter and May have landed roles advising the Royal Bank of Scotland (RBS) and Direct Line Group on Direct Line's London listing, which is set to value the insurance company at around £3bn. A&O is advising both Direct Line and its parent RBS, with a team led by London corporate partner David Broadley, alongside insurance partner Philip Jarvis and incentives partner Sylvie Watts.
2 minute read

International Edition

Kuala Lumpur: Asia's IPO champ?

The Malaysian capital has put in an impressive performance in the IPO market this year. But talk of challenging Hong Kong is premature, says Jessica Seah
5 minute read

International Edition

Mayer Brown and Stephenson Harwood push through two-year Africa energy listing deal

Mayer Brown and Stephenson Harwood have taken roles on the largest flotation of an oil and gas company on the London Stock Exchange - by finances raised - in the last five years. The complex deal, which took almost two years to complete, saw Eland Oil and Gas raise £118m on its Alternative Investment Market listing, enabling the company, in a joint venture with Starcrest Nigeria Energy, to acquire a 45% stake in the onshore Niger delta oilfield Oil Mining Lease 40 (OML 40) for $154m (£97m).
2 minute read

International Edition

Freshfields confirms details of imminent Singapore relaunch

Freshfields is to relaunch in Singapore office in the coming weeks, more than five years after the firm closed its former office in the Southeast Asian city-state. The magic circle firm has signed a lease on a new 8,000 sq ft office in Singapore's Ocean Financial Centre. Leading the new venture will be partner Stephen Revell, who oversees Freshfields' global capital markets practice, and who will relocate from Hong Kong.
3 minute read

International Edition

Cleary called in for Russia telecoms giant's £2.5bn London listing plans

Cleary Gottlieb Steen & Hamilton is advising Russian telecoms giant MegaFon on its potential £2.5bn London initial public offering (IPO). MegaFon, Russia's second largest mobile phone operator, was taken over this April by AF Telecom - the holding company of Russian businessman Alisher Usmanov. The company has since filed for permission to float a 20% stake, which could be worth as much as $4bn (£2.5bn).
2 minute read

International Edition

Former A&O partner arrested again on child porn charges

Former Allen & Overy (A&O) capital markets partner Edward De Sear has been arrested on additional child pornography charges, a year after he was charged by federal prosecutors in New Jersey with distributing child porn, reports The Am Law Daily. De Sear, who joined A&O's New York office in August 2010 from Bingham McCutchen, appeared in US district court in Newark, New Jersey on Thursday (23 August), where he was charged with three counts of advertising child pornography, four counts of distribution, and one count of possession, according to a press release from the US Attorney's office in Newark.
3 minute read

International Edition

Magic circle trio among legal line-up on third-largest IPO of year to date

Three magic circle firms are among a legal line-up advising on the third-largest initial public offering (IPO) in the world this year - the $2bn (£1.3bn) listing of Malaysian healthcare services provider IHH Healthcare. The company has raised $2bn in an IPO and a secondary listing on the Kuala Lumpur Stock Exchange and the Singapore Exchange respectively, reports The Asian Lawyer.
2 minute read

International Edition

The view from the outside - external investment investigated

Law firms' profitability is proven, but third-party ownership of them is still relatively unchartered territory, says Nick Miller
7 minute read

International Edition

In-depth: Asia

Asia is booming - how can law firms benefit from this growth? Alice Gartland and Anthony Lin report
1 minute read

International Edition

Singapore rising: Licensed to thrill?

Singapore has defied the critics to build a commanding position in Asia's legal market. Alice Gartland asks if a new round of liberalisation will keep the city state on an upward track
2 minute read

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