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International Edition

Freshfields lands Europe role on Chrysler/Fiat alliance

Freshfields Bruckhaus Deringer has won the European mandate on the high-profile strategic alliance between automotive giants Chrysler and Fiat. Freshfields has been instructed as the main European adviser to Chrysler on the deal, which was announced last week (10 June) and saw the Italian car maker take a 20% stake in the new Chrysler entity, which is emerging from its bankruptcy proceedings.
2 minute read

International Edition

Public and regulatory law: The good Bad Bank Act

Work has started after the German Federal Cabinet passed its draft of the Bad Bank Act. The intention is to relieve the banks from toxic assets in nine steps, but the next monster is already lurking: the consolidation bank.
8 minute read

International Edition

DLA and White & Case Moscow offices raided in fraud investigation

White & Case and DLA Piper have insisted that their Moscow operations are operating normally after they were yesterday (16 June) raided by Russian authorities in connection with a fraud investigation. According to local press reports in the Moscow Post, police seized documents in several different business locations in connection with an $87.5m (£53.9m) fraud case and a related conflict between owners of the Hotel Moskva.
2 minute read

International Edition

Simmons makes up quartet to partnership in promotions round

Simmons & Simmons has announced its new partner promotions, with the firm making up just four following a partnership vote last night (16 June). The promotions, which were pushed back by several months, mark a significant drop on last year's round, when the firm made up 18 new partners.
2 minute read

International Edition

Hannes Snellman becomes first to quit 'fiercely competitive' China

Leading Finnish law firm Hannes Snellman is in the process of closing its Beijing and Shanghai offices, making it the first foreign firm to pull out of China in the wake of the global economic slowdown. Tomas Holmberg, a Helsinki partner heavily involved with Hannes Snellman's China practice, said the weakening economy had led the 250-lawyer law firm to narrow its international strategy and focus more on the Scandinavia and Russia markets. "In challenging times like these, you have to make decisions about where to deploy your resources," he said.
2 minute read

International Edition

Northern Ireland

L'Estrange & Brett and A&L Goodbody address the practice issues facing the Northern Irish legal market.
1 minute read

International Edition

Northern Ireland: 12 months of strife, but things are looking up

Twelve months ago I wrote an article in these pages attempting to predict how Northern Ireland's (NI) law firms would fare in the short and medium term. My conclusion was that initially there would be a levelling out of growth but mid-term well-balanced firms should continue to be able to grow. So, how have we done and how far off the mark was I?
4 minute read

International Edition

Northern Ireland: When the tap runs dry

December 2004. It was a Christmas like no other when finance minister Ian Pearson announced a 10-year framework that could see up to £16bn of investment poured into Northern Ireland's ailing infrastructure after years of under-funding. The Government's newly-created Strategic Investment Board (SIB) for Northern Ireland had just reached financial close on its first public-private partnership (PPP) scheme (giving Invest NI its award-winning new headquarters) and had announced a pipeline of sizeable schemes in various sectors including health, education, transport and ICT.
9 minute read

International Edition

Northern Ireland: The north/south connect

Energy has come to the forefront of economic and environmental attention globally, and Ireland north and south is no exception to this trend. The energy sector in Ireland has remained driven North by an all-island agenda and ern Ireland, in particular, has seen ongoing development in energy matters. Much emphasis has been on the development of renewables and achieving cost savings and efficiencies through the development of an all-island energy market.
10 minute read

International Edition

Davis Polk to close Frankfurt office as local chief steps down

Davis Polk & Wardwell has opted to close its Frankfurt office when resident partner Patrick Kenadjian retires at the end of August, reports The Am Law Daily. Kenadjian informed the firm earlier this spring that he intended to retire at the end of this year. In the meantime, the office's designated successor, London-based partner Harald Halbhuber, decided to leave the firm for personal reasons, according to managing partner John Ettinger. The Frankfurt office, which was launched in 1991, has long focused on cross-border securities and M&A work. In January, Kenadjian headed a team advising Oesterreichische Kontrollbank on its offering of $1.25bn (£770m) in global notes.
2 minute read

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