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International Edition

Linklaters and Dewey take cross-border roles on $1.34bn zinc mining deal

Linklaters and Dewey & LeBoeuf have taken lead roles on a $1.34bn (£907m) cross-border mining deal which is set to see Indian mining group Vedanta Resources become the world's largest zinc producer. The deal sees Vedanta purchase three zinc mines from rival conglomerate Anglo American, including the Skorpion mine in Namibia, Lisheen in Ireland and a 74% stake in Black Mountain in South Africa.
2 minute read

International Edition

No lack of resources - ENRC's legal chief in profile

While most companies have spent the recession battening down the hatches, the Eurasian Natural Resources Corporation (ENRC) has been in expansion mode. Last month the FTSE 100 natural resources company, whose main assets are located in Kazakhstan, underlined its intentions to go global by purchasing a 12% stake in Northern Platinum, a South African platinum company. The move follows ENRC's acquisition last year of Camec, a copper and cobalt producer in the Democratic Republic of Congo, for £584m and prior purchase of 50% stakes in Brazil's BML iron ore project and the Xinjiang Tuoli Taihang Ferro-Alloy ferrochrome operations in China.
5 minute read

International Edition

Five Paul Hastings energy partners quit to join US rival Hunton

US firm Hunton & Williams has secured a boost for its energy team with the hire of five partners from Paul Hastings Janofsky & Walker, reports The Am Law Daily. Hunton already has a sizeable energy practice which boasts 100 lawyers and has represented some of the world's leading energy companies on finance matters and in landmark pieces of litigation.
2 minute read

International Edition

Herbert Smith and A&O lead on $2.8bn finance deal for oil company

Herbert Smith and Allen & Overy (A&O) have advised on the creation of a $2.8bn (£1.9bn) reserve-based lending (RBL) facility for oil and gas company Perenco. The facility, the largest ever of its kind, will enable the company to grow its business with new acquisitions and develop its current assets.
2 minute read

International Edition

Dentons energy chief stands down to focus on nuclear team

Denton Wilde Sapte energy chief Christopher McGee-Osborne is set to stand down from his role, with the firm yet to appoint a new sector head. McGee-Osborne, who has led the energy, transport and infrastructure strategy team for seven years, notified the board last month that he wanted to stand down from the role in order to focus on developing the firm's specialist nuclear practice.
2 minute read

International Edition

Bond Pearce hires energy expert for oil and gas team

Bond Pearce has boosted its energy team with the hire of industry expert Stuart Carter as a partner in the firm's London office. Carter joined the national law firm earlier this week (4 May) as a partner in the oil and gas team, having previously acted as a consultant to a number of multinational oil companies, including ExxonMobil, BG Group and Total.
2 minute read

International Edition

Italian energy deals on the rise as subsidy deadline approaches

A surge of Italian energy deals has provided a ray of light for local lawyers as companies rush to sign off renewables projects before subsidies are cut next year. The Italian Government has been giving companies subsidies, known as feed-in tariffs, since 2007, to boost renewable energy projects, but is set to amend the regime shortly.
2 minute read

International Edition

Shell overlooks former key adviser Slaughters after panel overhaul

Royal Dutch Shell has finalised a global panel review which has seen former principal corporate adviser Slaughter and May miss out on a formal appointment. It is understood that magic circle rivals Clifford Chance and Allen & Overy will now share the sought-after global M&A work for the energy company.
2 minute read

International Edition

Freshfields recruits A&O partner in first City lateral hire since 2008

Freshfields Bruckhaus Deringer has made its first London lateral hire since 2008 with the appointment of finance partner Alan Rae Smith from Allen & Overy (A&O). Rae Smith, whose practice focuses on project finance in the oil, gas and power sectors, will join A&O's energy projects team in the City in early May.
2 minute read

International Edition

Powering into the FTSE 100

In December last year, energy company Aggreko joined the heavyweights of the stock market, entering the FTSE 100 for the first time following an 18% rise in its share price. For the company's director of legal affairs, Peter Kennerley, who joined from Scottish & Newcastle in October 2008, it feels good to be back. "When I was in the process of moving from Scottish & Newcastle [a FTSE 100 company until it was de-listed following its takeover by Heineken and Carlsberg in April 2008], my chief executive, Rupert Soames, joked that if I came on board he'd guarantee we would get into the FTSE 100. So it looks like he's fulfilled that side of the bargain," he says.
5 minute read

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