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International Edition

CC and Freshfields help VW and Porsche tie the knot

Clifford Chance (CC) and Freshfields Bruckhaus Deringer have advised Volkswagen and Porsche as the two European car icons took the first step in creating a combined company that could challenge Toyota's dominance in global auto sales. Under the terms of the new merger agreement, VW will initially spend $4.7bn (£2.9bn) to acquire a 42% stake in Porsche as the first step in a long-term combination that will be finalised by 2011. Volkswagen will issue new stock in 2010 to fund that purchase.
2 minute read

International Edition

Linklaters names Stockholm banking chief as new Nordic head

Linklaters has appointed a new Nordic managing partner, with Stockholm banking and finance head Per Nyberg to take over the role for a four-year term. Nyberg will replace current managing partner Peter Hoegstroem from 1 September, with Hoegstroem set to return to full-time fee earning in the firm's Stockholm office.
2 minute read

International Edition

CC corporate crime trio join DLA Piper in Germany

DLA Piper has hired a three-lawyer corporate crime team from Clifford Chance (CC) in Germany, including Frankfurt-based partner Juergen Taschke. Taschke will join DLA Piper's Frankfurt office on 1 September along with two associates.
2 minute read

International Edition

Beachcroft recruits four-strong team for newly-launched Dublin base

Beachcroft has strengthened its Irish practice with the hire of a four-lawyer team from local firm Mason Hayes+Curran. The national firm has hired four clinical negligence lawyers led by Ann O'Driscoll to its Dublin office. O'Driscoll, who was previously a partner in the Mason Hayes' litigation and healthcare practice, advises healthcare professionals and hospitals on clinical negligence and risk management issues. She brings with her two associates and a legal executive.
2 minute read

International Edition

Gide partnership votes in Eck as new managing partner

Gide Loyrette Nouel has elected its head of international, Christophe Eck, as its new firmwide managing partner, with the appointment set to take effect from 1 January next year. The Paris-based corporate partner, who oversees the firm's international strategy, will replace current head Xavier de Kergommeaux, who will return to full-time fee earning after serving three two-year terms in the role.
2 minute read

International Edition

Weil Gotshal and Bakers lead on €250m private equity sell-off

Weil Gotshal & Manges and Baker & McKenzie have taken lead roles on the €250m (£212.2m) private equity disposal of two European food distribution companies. South African trading and distribution company Bidvest is to acquire the Czech Republic's Nowaco and Poland's Farutex from funds associated with JP Morgan, and managed by CCMP Capital Advisors, and from Bancroft Private Equity.
2 minute read

International Edition

Linklaters real estate partner quits Berlin office

Linklaters is set to lose a partner in Germany as Berlin-based real estate partner Jens Bock quits to join a local firm. Bock is leaving the magic circle firm to join Clifford Chance (CC) spin-off Sammler Usinger, along with M&A counsel Thomas Rieger. The duo will both join Sammler as partners, with Bock making the move on 1 September and Rieger on 1 November.
2 minute read

International Edition

Gilles Saint Marc: French reform to bring Islamic finance to heart of Europe

As an international law firm headquartered in France, one might say that Gide's expertise in Islamic finance is driven by pragmatic or opportunistic reasons, such as the fact that France has the largest Muslim population in Europe (about six million, three times that of the UK), or by a more general need for new sources of liquidity to jumpstart the economy.
4 minute read

International Edition

CC Milan corporate partner duo join US firm

Clifford Chance (CC) has seen the departure of two partners in Milan, with corporate partners Ian Tully and Massimo La Torre both leaving last week after seven years in the firm's partnership. Tully will join US firm Curtis Mallet-Prevost Colt & Mosle at the start of September as a partner in Milan. He will focus on corporate energy work and M&A. He is the fourth lateral partner hire the firm has made in Europe since January.
2 minute read

International Edition

Squire Sanders boosts Frankfurt arm with hire of Faegre trio

Squire Sanders & Dempsey has bolstered its German practice with a three-lawyer team from Faegre & Benson in Frankfurt. The firm has hired Faegre corporate partner Karl Walter and banking partner Manfred Baumbach as a partner and of counsel respectively. Meanwhile special counsel Louis Wakatsuki, a corporate lawyer, is also joining as of counsel.
2 minute read

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