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International Edition

Jones Day bills $18.5m on Chrysler bankruptcy

Jones Day has billed Chrysler more than $18.5m (£12.3m) during the past five months, reports The Am Law Daily. In late November the embattled car manufacturer paid Jones Day $1m (£660,000) to establish a retainer, and according to the US firm's application to be Chrysler's lead counsel, around $5.8m (£3.8m) remains in the retainer, meaning the firm has drawn down more than $13m (£8.6m) so far.
2 minute read

Legal Week

Jones Day bags $500m energy deal

Jones Day's London arm has landed a role opposite Clifford Chance (CC) to advise on the $493m (£333m) acquisition of power plant operator Globeleq. The US firm advised special purpose vehicle Pendekar Energy, owned by Malaysian power supplier Tanjong and Saudi Arabia's Alijomaih Automotive Company.
9 minute read

International Edition

Jones Day bags $500m energy deal

Jones Day's London arm has landed a role opposite Clifford Chance (CC) to advise on the $493m (£333m) acquisition of power plant operator Globeleq. The US firm advised special purpose vehicle Pendekar Energy, owned by Malaysian power supplier Tanjong and Saudi Arabia's Alijomaih Automotive Company.
2 minute read

International Edition

US education provider floats £300m BPP acquisition

The parent company of top UK law school BPP looks set to be taken over after a US education provider made a preliminary approach for the company worth £303.5m. BPP Holdings today (29 April) made a stock exchange announcement confirming a preliminary offer for the education and training business by Apollo Global, a subsidiary of US private equity house Apollo Group.Apollo Global - an education investment fund with a portfolio of around $3bn which is 20% owned by the Carlyle Group - has made a cash offer of 620p per share, representing a 70% premium on BPP's closing price on Tuesday (28 April).
3 minute read

International Edition

Dealmaker: Tom Whelan

Lovells rising star Tom Whelan on the highs and lows of City life and ballroom dancing for charidee
4 minute read

International Edition

Skadden and Norton Rose secure $3bn energy sale in Kazakhstan

Skadden Arps Slate Meagher & Flom has landed a role advising on two acquisitions in Kazakhstan thought to be worth about $3bn (£2.06bn) in total. The New York leader advised Kazakhstan's largest privately-owned oil company, JSC MangistauMunaiGaz (MMG) and its holding company Central Asia Petroleum (CAP) on the sale of a 100% stake in MMG to Mangistau Investments - a joint venture between China National Petroleum Corporation (CNPC) and KazMunaiGas (KMG).
2 minute read

International Edition

SJ Berwin advises British Land on £115m sale of Abbey's London HQ to Santander

SJ Berwin has advised longstanding client British Land on the £115m sale of Abbey's City headquarters to the bank's parent company Grupo Santander. The deal saw real estate partner Lewis Myers leading as British Land sold the building to Santander, acting alongside corporate partner Michael Goldberg and supported by associates Jason Tann and Nick Crabtree.
2 minute read

International Edition

Commentary: As going gets tough, BLP proves faithful to first love

What a difference a year or two can make. Back when the market was booming, Berwin Leighton Paisner (BLP) seemed to go out of its way to stress its corporate ambitions while downplaying its undoubted strengths in the booming real estate market. Now that the property sector has been thrown into a deep slump and most major legal players have made property lawyers redundant, BLP has not only so far resisted swinging the axe, but has just made up no fewer than five real estate partners.
3 minute read

Legal Week

Commentary: As going gets tough, BLP proves faithful to first love

What a difference a year or two can make. Back when the market was booming, Berwin Leighton Paisner (BLP) seemed to go out of its way to stress its corporate ambitions while downplaying its undoubted strengths in the booming real estate market. Now that the property sector has been thrown into a deep slump and most major legal players have made property lawyers redundant, BLP has not only so far resisted swinging the axe, but has just made up no fewer than five real estate partners.
7 minute read

International Edition

Carphone Warehouse turns to OC on business split

Osborne Clarke is understood to be advising longstanding client Carphone Warehouse on the company's plans to separate its mobile phone business from its fixed line and broadband operations.The UK's largest mobile retailer confirmed earlier this week that it is to split its telecoms business, TalkTalk, and its retail business into two separate listed companies, both of which could enter the FTSE 250.
2 minute read

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