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International Edition

Commentary: Move to abolish FSA fails to win confidence of regulation advisers

As if regulatory lawyers weren't getting enough attention, controversial proposals to rip apart the tripartite system of market regulation look set to keep this breed in the limelight for months to come. And the proposal by shadow chancellor George Osborne to reverse the most famous policy of then incoming Labour chancellor Gordon Brown by abolishing the Financial Services Authority (FSA) has certainly got regulatory lawyers talking.
3 minute read

Legal Week

Commentary: Move to abolish FSA fails to win confidence of regulation advisers

As if regulatory lawyers weren't getting enough attention, controversial proposals to rip apart the tripartite system of market regulation look set to keep this breed in the limelight for months to come. And the proposal by shadow chancellor George Osborne to reverse the most famous policy of then incoming Labour chancellor Gordon Brown by abolishing the Financial Services Authority (FSA) has certainly got regulatory lawyers talking.
9 minute read

International Edition

Ashurst takes Europe role for Intel on €1bn EC fine appeal

Ashurst has won the lead European adviser role for Intel on its appeal against one of the largest fines ever dished out by the European Commission (EC). Last May Intel was handed a penalty of €1.06bn (£914m) by the EC for anticompetitive behaviour and abusing its leading position in the market for the production of microchips, in a case which dates back to the beginning of the decade.
2 minute read

International Edition

Slaughters and Simpson Thacher lead on €250m KKR music deal

Slaughter and May and Simpson Thacher & Bartlett have landed lead roles advising on a joint venture between media giant Bertelsmann and US private equity house Kohlberg Kravis Roberts & Co (KKR). Slaughters was drafted in to advise the German media group on the arrangement, which will see KKR putting in up to €250m (£214m) to acquire catalogues of songs.
2 minute read

International Edition

Commentary: Private equity - tough for the committed, worse for the rest

It's not easy to write about private equity right now – half of London's buyout partners seem to have headed to the beach early and, in the current market, who can blame them? With deal volumes plummeting and brand name houses including Candover, Permira and Terra Firma going through very public difficulties, there does not seem much reason to stay in the office.
3 minute read

International Edition

Lovells continues SABMiller alliance with lead role on €1bn bond issue

Lovells has advised long-standing client SABMiller on a €1bn (£859m) bond issue as the drinks giant bids to raise cash and repay debt. The issue, which is part of the brewer's €5bn (£3bn) medium-term note programme, saw capital markets partner Andrew Carey and corporate partner Richard Brown heading the Lovells team acting for SABMiller, assisted by senior associates Adam Hastings and John Holtrichter.
1 minute read

Legal Week

Commentary: Private equity - tough for the committed, worse for the rest

It's not easy to write about private equity right now – half of London's buyout partners seem to have headed to the beach early and, in the current market, who can blame them? With deal volumes plummeting and brand name houses including Candover, Permira and Terra Firma going through very public difficulties, there does not seem much reason to stay in the office.
15 minute read

International Edition

Dealmaker: Spencer Summerfield

Travers corporate finance head Spencer Summerfield on advising in his sleep and cultivating sideburns
3 minute read

International Edition

Norton Rose leads on investment trust's £140m capital raising

Norton Rose has taken a lead role on investment trust Ecofin Water & Power's £140m capital raising. The firm advised longstanding client Ecofin on the placing, which saw an offering of £80m in convertible unsecured loan stock (CULS) and the placing of £60m in zero dividend preference shares.
2 minute read

International Edition

Simpson, Cravath and Bredin Prat line up on KKR merger deal

A trio of international firms have advised on private equity giant Kohlberg Kravis Roberts & Co's (KKR's) merger with its European affiliate KKR Private Equity Investors (KPE), reports The Am Law Daily. The transaction has been approved by directors at KKR and KPE and will be completed on 1 October if a majority of KPE unit holders agree to the merger during voting in the third quarter. The deal could bring KKR one step closer to a public listing in New York, which it delayed last year amid turmoil in the credit markets.
2 minute read

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