Deals And Transactions Legal News Coverage

International Edition

Ashurst takes lead role as Candover gets set for shake-up

By a:1:{i:0;s:1:" ";} | March 26, 2009

Ashurst has landed a key mandate advising on a potential sale or delisting of embattled buyout house Candover. The firm has been drafted in to advise Candover Investments - the UK-listed parent company of private equity company Candover Partners - in relation to the proposed restructuring. It is understood that private equity partner Bruce Hanton is leading Ashurst's team for Candover Investments. The top 10 City firm counts Candover as a longstanding client, with Hanton previously acting on transactions for the investment trust.

2 minute read

International Edition

Eversheds lands €10bn Hungarian pipeline role

By a:1:{i:0;s:1:" ";} | March 26, 2009

Eversheds International has won a €10bn (£9.3bn) mandate advising on Hungarian aspects of the high-profile South Stream pipeline project that is set to bring gas from the Caspian Sea region to Europe. Sandor Szegedi Szent-Ivany Komaromi Eversheds, the Hungarian member of Eversheds International, was appointed to advise the Hungarian Development Bank on negotiations with Russia's state-controlled gas supplier Gazprom to set up a joint venture to build the Hungarian leg of the pipeline.

2 minute read

International Edition

Corporate lawyers on edge as China blocks trophy Coke deal

By a:1:{i:0;s:1:" ";} | March 25, 2009

Chinese authorities have blocked a $2.4bn (£1.7bn) bid by Coca-Cola to acquire Chinese beverage maker Huiyuan Juice Group, prompting concerns about the impact the decision will have on M&A in the region. The deal, which would have represented the largest ever takeover of a Chinese target by a foreign company, was rejected in one of the first major tests of the country's recently-adopted antitrust law.

3 minute read

International Edition

Commentary: Norton Rose radicalism is too much for most City partners

By Georgina Stanley | March 25, 2009

Hearing some partners react to Norton Rose's plans to slice working hours before axing jobs, anyone would think the firm had proposed something radical rather than applying a tested route to surviving a recession without ruining your skills base. After all, four-day weeks have proved to be workable solutions to the recession for factories and even professional services firms like KPMG, but many City lawyers seem to believe it's a completely different story for law firms.

3 minute read

Legal Week

Commentary: Norton Rose radicalism is too much for most City partners

By a:1:{i:0;s:1:" ";} | March 25, 2009

Hearing some partners react to Norton Rose's plans to slice working hours before axing jobs, anyone would think the firm had proposed something radical rather than applying a tested route to surviving a recession without ruining your skills base. After all, four-day weeks have proved to be workable solutions to the recession for factories and even professional services firms like KPMG, but many City lawyers seem to believe it's a completely different story for law firms.

17 minute read

International Edition

Dealmaker: Andrew Rosling

By a:1:{i:0;s:1:" ";} | March 25, 2009

Addleshaws' new corporate chief on his Tippex hell, a night at the theatre and why law trumps the media

3 minute read

International Edition

CC to advise on £700m Aviva outsourcing deal

By a:1:{i:0;s:1:" ";} | March 18, 2009

Clifford Chance (CC) has won a mandate advising longstanding client Aviva on a £700m outsourcing contract with Electronic Data Systems (EDS). The deal will see EDS taking control of Aviva's existing data centre operations in Norwich and then providing services back to Aviva. As part of the deal, around 300 Aviva employees will transfer to EDS.

2 minute read

International Edition

Commentary: The leveraged finance team with a shortage of leverage

By Georgina Stanley | March 18, 2009

When Legal Week revealed in February that Allen & Overy (A&O) had asked five partners in its London leveraged finance team to depart as part of its sweeping restructuring, it is fair to say the move generated some surprise.Yes, the sector has been devastated by the financial turmoil over the last year, leaving A&O and its 69-partner City banking practice heavily exposed. But even so, the level of departures from the firm's 12-partner leveraged finance team - historically one of A&O's most influential and highly-rated practices - was still unexpected.

3 minute read

Legal Week

Commentary: The leveraged finance team with a shortage of leverage

By a:1:{i:0;s:1:" ";} | March 18, 2009

When Legal Week revealed in February that Allen & Overy (A&O) had asked five partners in its London leveraged finance team to depart as part of its sweeping restructuring, it is fair to say the move generated some surprise.Yes, the sector has been devastated by the financial turmoil over the last year, leaving A&O and its 69-partner City banking practice heavily exposed. But even so, the level of departures from the firm's 12-partner leveraged finance team - historically one of A&O's most influential and highly-rated practices - was still unexpected.

13 minute read

International Edition

Van Praagh in driving seat for Taylor Wessing on Honda buyout

By a:1:{i:0;s:1:" ";} | March 18, 2009

Taylor Wessing has taken pole position in the creation of a new Formula One team, advising on the formation of Brawn GP F1 through a management buyout. The acquisition saw a management team headed by F1 heavyweight Ross Brawn buy out the Honda GP team for an undisclosed sum.Taylor Wessing won the mandate as a result of a longstanding relationship with Brawn through the firm's head of competition, EU and trade Martin Baker.

2 minute read

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