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International Edition

SJ Berwin helps Fyffes escape EC fine

SJ Berwin's competition team has scored a victory for banana supplier client Fyffes as an investigation by the European Commission into price fixing comes to a close. SJ Berwin competition head Stephen Kon led the case for Fyffes, which learned this month (15 October) that it has escaped a fine following a three-year cartel investigation into the banana industry.
2 minute read

Legal Week

SJ Berwin helps Fyffes escape EC fine

SJ Berwin's competition team has scored a victory for banana supplier client Fyffes as an investigation by the European Commission into price fixing comes to a close. SJ Berwin competition head Stephen Kon led the case for Fyffes, which learned this month (15 October) that it has escaped a fine following a three-year cartel investigation into the banana industry.
6 minute read

International Edition

Cleary and Slaughters pair up to advise Glaxo on $210m Egyptian acquisitions

Cleary Gottlieb Steen & Hamilton and Slaughter and May have teamed up to advise GlaxoSmithKline (GSK) on its $210m (£128m) acquisition of some of Bristol Myers Squibb's (BMS's) Egyptian assets. The pair worked opposite DLA Piper on the deal, which sees GSK buying BMS's Egyptian mature products business
2 minute read

International Edition

Magic circle duo bag lead roles in €739m clearing house deal

Clifford Chance (CC) and Allen & Overy (A&O) have taken lead roles in a €739m (£589m) deal set to create the world's largest clearing house. CC has been advising long-standing client LCH.Clearnet throughout the discussions that will see US clearing house Depository Trust and Clearing Corporation (DTCC) merging with the UK firm.The deal will see DTCC acquire Clearnet for around €739m, with Clearnet shareholders receiving up to €10 (£7.90) a share.
2 minute read

International Edition

Commentary: Turmoil generates work but increases conflict hassles

The bank rescues of recent weeks have seen the same firm names crop up time and time again - sometimes with multiple roles on one transaction.With institutions understandably keen to turn to their most trusted advisers during moments of crisis, seeing City firms take two - or even three - roles in relation to one transaction has become fairly standard, keeping more than a few conflicts partners busy right now.Some are grabbing attention more than most. Freshfields Bruckhaus Deringer's long-term advisory role to the Bank of England (BoE), for example, means that the firm - no stranger to potential conflicts of interest - has become a familiar presence in the string of recent bailouts and capital injections. Whether on this month's UK bank bailout - where it advised the BoE as well as many of those sponsoring the cash raising destined for some of the UK's best-known High Street names - or in relation to Iceland's troubles - where it advised the BoE on two matters and Ernst & Young as administrator of Landsbanki's Scottish subsidiary Heritable - Freshfields, like Linklaters, appears to be doing pretty well on the deal front as the economy heads towards recession.
4 minute read

Legal Week

Commentary: Turmoil generates work but increases conflict hassles

The bank rescues of recent weeks have seen the same firm names crop up time and time again - sometimes with multiple roles on one transaction.With institutions understandably keen to turn to their most trusted advisers during moments of crisis, seeing City firms take two - or even three - roles in relation to one transaction has become fairly standard, keeping more than a few conflicts partners busy right now.Some are grabbing attention more than most. Freshfields Bruckhaus Deringer's long-term advisory role to the Bank of England (BoE), for example, means that the firm - no stranger to potential conflicts of interest - has become a familiar presence in the string of recent bailouts and capital injections. Whether on this month's UK bank bailout - where it advised the BoE as well as many of those sponsoring the cash raising destined for some of the UK's best-known High Street names - or in relation to Iceland's troubles - where it advised the BoE on two matters and Ernst & Young as administrator of Landsbanki's Scottish subsidiary Heritable - Freshfields, like Linklaters, appears to be doing pretty well on the deal front as the economy heads towards recession.
11 minute read

International Edition

Dealmaker: Nick Segal

Nick Segal, one of the leading partners in Freshfields' restructuring team, talks war zones, BCCI and Northern Rock
5 minute read

International Edition

Ashurst scoops major role on €1.9bn French energy buyout

Ashurst has sealed a major role in one of the largest leveraged buy-outs (LBOs) in France this year, acting for the banks on a €1.9bn (£1.4bn) deal to buy a stake in power conversion company Converteam Group. The City law firm has advised HSBC, Natixis, the Royal Bank of Scotland and Societe Generale on their roles providing finance to private equity group LBO France to fund its acquisition of a one-third stake in Converteam. The Ashurst team was led by Paris-based finance partner Laurent Mabilat, assisted by corporate partner Bertrand Delaunay and tax partner Nadine Gelli. Frankfurt-based finance partner Stephan Kock and senior associate Miriam Petri also advised on the deal.
2 minute read

International Edition

Macfarlanes advises PE bidder circling beleagured Baugur as asset sale looms

Macfarlanes is among a group of firms in line to benefit as potential bidders emerge for the assets of troubled Icelandic investor Baugur. The firm is advising regular private equity client Alchemy Partners, which is understood to have held talks with Mosaic Fashions, one of Baugur's major British investments. Corporate partners Ian Martin and Simon Perry are leading the Macfarlanes' team advising Alchemy. Mosaic - the company behind High Street names including Oasis, Coast and Karen Millen - has turned to Manchester-based Heatons for advice on any potential bid.
2 minute read

Legal Week

Macfarlanes advises PE bidder circling beleagured Baugur as asset sale looms

Macfarlanes is among a group of firms in line to benefit as potential bidders emerge for the assets of troubled Icelandic investor Baugur. The firm is advising regular private equity client Alchemy Partners, which is understood to have held talks with Mosaic Fashions, one of Baugur's major British investments. Corporate partners Ian Martin and Simon Perry are leading the Macfarlanes' team advising Alchemy. Mosaic - the company behind High Street names including Oasis, Coast and Karen Millen - has turned to Manchester-based Heatons for advice on any potential bid.
10 minute read

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