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International Edition

SocGen turns to Skadden for class action battle

Societe Generale has called in US giant Skadden Arps Slate Meagher & Flom to battle a class action law suit brought by shareholders following recent heavy losses sustained by the French lender. The class action has been filed against SocGen, France's second-largest bank, by a shareholder in the US as a result of losses sustained following its exposure to sub-prime loans and alleged fraudulent dealing by employee Jerome Kerviel.
2 minute read

International Edition

Howrey hires Commission man for antitrust boost

Howrey has boosted its Brussels antitrust team with the high-profile hire of a senior lawyer from the European Commission. Lars Kjolbye joins the US law firm on 1 April from the Directorate General for Competition (DG Comp), where he was head of the energy and environment antitrust unit.
2 minute read

International Edition

Reed Smith lands Unicredit as client on Turkish auto acquisition

Reed Smith Richards Butler has won a new European finance client, with the firm taking on its first transaction for UniCredit Group. The transatlantic firm's London arm has recently signed its first deal for the bank - advising on its acquisition of a 20% share in the Turkish automotive parts supplier Martur for an undisclosed amount.
2 minute read

International Edition

CC and Cleary win top roles on mining mega-deal as Vale approaches Xstrata

Clifford Chance (CC) and Cleary Gottlieb Steen & Hamilton have won key advisory roles on one of the world's biggest potential takeovers - Brazilian mining company Vale's approach to Swiss rival Xstrata for an estimated $90bn (£44.9bn). If the deal goes ahead it would see Vale threatening BHP Billiton's position as the world's largest mining company. CC has won the lead role for Vale, with the magic circle firm fielding a team led by Sao Paulo-based relationship partner Anthony Oldfield and London-based corporate partner David Pudge.
2 minute read

International Edition

Swedish giant names Wigge as new chief executive

Swedish giant Vinge has appointed corporate partner Michael Wigge as its new chief executive. Wigge, who will officially take up his new post on 1 April, has been acting chief executive since late last year but beat several external candidates to win the role permanently, following an extensive search.
2 minute read

International Edition

Hammonds hires former Garrigues vice chairman

Hammonds has hired former Garrigues vice chairman Antonio Ortega. Ortega, who is secretary of the Venture Capital Association in Spain, will join the firm's Madrid office to focus on expanding its M&A, private equity and tax work. He was previously a partner on Andersen's European executive committee and led the firm's merger with Garrigues, which created the biggest tax law firm in Spain. He went on to become vice chair of the merged firm but left in 2001.
1 minute read

International Edition

Lovells advises GICSI on €1bn entry into Italian funds market

Lovells has advised Singapore sovereign fund GIC Special Investments (GICSI) on its €1bn (£760m) investment in Italy's Sintonia - an investment vehicle owned by the Benetton family. The deal, which was signed on 11 March, is thought to mark the first Italian market entry by a sovereign fund, a number of which have been stepping up their investment in Europe. It saw GICSI take a 3% stake in Sintonia, with the fund subscribing to a capital increase that will see its overall stake rise to 14.3%.
2 minute read

International Edition

German indy Heuking Kuhn opens in Zurich

Heuking Kuhn Luer Wojtek, the German former ally of City firm Denton Wilde Sapte, has opened an office in Zurich, becoming the first major German independent to open in the Swiss financial centre. The new office will be headed up by new private client partner Holger Erwin, who joins Heuking Kuhn from rival independent Harmann.
2 minute read

International Edition

Salans Paris snares Jeantet public law partner

Salans has hired public law partner Marc Fornacciari from French independent firm Jeantet in a boost for its Paris office. Fornacciari, who specialises in private public partnerships (PPP), joined Jeantet in 2004 after holding a number of in-house roles, including a stint with German utilities firm RWE, which he joined in 2001.
2 minute read

International Edition

A&O appoints Meeus as new Belgian head

Allen & Overy (A&O) has elected a new managing partner of its Belgian offices, the City giant announced today (14 March). Dirk Meeus will assume the role in Brussels on 1 May, taking over from Wim Dejonghe, who is stepping up to become global managing partner, based in London.
2 minute read

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