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International Edition

Cleary and CC land €3.5bn Iberia airline bid

Cleary Gotlieb Steen & Hamilton and Clifford Chance (CC) have bagged lead roles advising on TPG Capital's €3.4bn (£2.3bn) takeover bid for Spanish national airline Iberia. Cleary is understood to be advising private equity fund TPG Capital - a regular client of the Manhattan firm - with London banking and finance partner Simon Jay leading the team. Spanish leader Cuatrecasas is advising TPG Capital - formerly known as Texas Pacific Group - on local law.
2 minute read

International Edition

Weil Gotshal turns back on Brussels as firm focuses on Beijing and HK launch

Weil Gotshal & Manges has made a highly symbolic decision to pull the plug on its Brussels office, as the firm focuses its fire on Asian expansion with plans to open in Beijing and Hong Kong. The New York firm is to close its Belgian operation in the summer and will handle European competition issues out of its other offices in the region.
2 minute read

International Edition

Shearman to allow 'exceptional' partners to stay on past age 65

Shearman & Sterling has introduced new powers to allow partners to stay on beyond the normal retirement age of 65, a change it is believed was made for the benefit of heavyweight German managing partner Georg Thoma. Under the new terms, the US firm's policy committee will have the power to allow certain partners to retain their status beyond the normal retirement age.
2 minute read

International Edition

Dutch duo win roles on Barclays/ABN bid

Two of the Netherlands' leading independents are the latest firms to win roles on the £80bn merger talks between Barclays and ABN Amro. Herbert Smith's Benelux ally Stibbe is advising ABN's supervisory board while long-term adviser NautaDutilh is leading for ABN alongside Allen & Overy (A&O). Nauta corporate partner Hein Hooghoudt is leading the team for ABN.
2 minute read

International Edition

Beiten axes Leipzig in second closure of 2007

Beiten Burkhardt is to shut down its Leipzig base - its second office closure in as many months - the independent German firm announced today (28 March). Corporate partner Peter Krueger, who headed the office, is to join the local arm of accountancy giant KPMG, along with a team of five associates.
1 minute read

International Edition

Freshfields leads as Porsche grows VW stake

Freshfields Bruckhaus Deringer has bagged the lead role advising Porsche on the increase of its stake in German rival Volkswagen from 27.3% to 30.9%. Under German law, the increase will trigger a mandatory offer for Volkswagen, which will value the automotive giant at approximately €35bn (£23bn).
2 minute read

International Edition

BLP's German ally re-jigs top brass

Berwin Leighton Paisner ally Beiten Burkhardt has re-jigged its senior management, adding two new members to its main management committee, the German independent announced today (27 March). Frankfurt-based corporate partner Heinrich Meyer and Nuremberg public law partner Berthold Mitrenga join the three current members - corporate partner Jack Schiffer, public law partner Frank Obermann and labour law partner Hans-Peter Mechlem - on the executive committee.
1 minute read

International Edition

Willkie builds in Italy with Freshfields hire

Willkie Farr & Gallagher has strengthened its transactional capability in Italy with the hire of Freshfields Bruckhaus Deringer partner Cesare Vecchio. Vecchio, who helped launch Freshfields' Milan office, will join Studio Legale Delfino e Associati Willkie Farr & Gallagher in Milan on 1 May. He focuses on corporate and M&A, securities offerings, structured financial products and tax issues.
1 minute read

International Edition

EU backs class action venture as top pension funds eye the courts

The European Commission (EC) has increased the likelihood of a long-predicted shift towards US-style class action litigation after unveiling proposals to boost group litigation across the EU.The move coincides with calls by one of the UK's most influential investment bodies for its members to pursue more shareholder litigation.
2 minute read

International Edition

Cuatrecasas tops list of Euro indies with 21% turnover rise

Spanish heavyweight Cuatrecasas is leading a group of independent European firms posting strong year-end results by recording a 21% rise in turnover. Cuatrecasas achieved revenues of E198m (£136m) for the firm's financial year, which ended on 31 December, 2006.
2 minute read

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