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International Edition

Latham and Shearman win roles on €600m sports agency buyout

Latham & Watkins and Shearman & Sterling have taken lead roles on Bridgepoint Capital's €600m (£527m) acquisition of Infront Sports & Media, a Swiss agency that sells media rights for seven national football federations. Infront instructed US firm Shearman, which fielded a cross-border team led by London corporate partner Creighton Condon and Milan corporate partner Fabio Fauceglia. The firm also provided tax and competition advice on the transaction.
2 minute read

International Edition

Norton Rose on agenda as US leader Fulbright reviews global strategy

Fulbright & Jaworski has kicked off a review of its international strategy that could see the top 50 US firm pursuing a much-touted merger with Norton Rose. The Texan firm's global chairman Steven Pfeiffer launched the review two months ago, with a prospective UK merger forming a central plank of the consultation. A merger with Norton Rose is not thought to be the only option under consideration; however, the firm is the preferred target for a number of partners within Fulbright, which has not yet engaged Norton Rose in any discussions.
3 minute read

International Edition

Freshfields advises Tesco on 129-store Japanese sale

Freshfields Bruckhaus Deringer has won a mandate to advise Tesco on the sale of its Japan business as the firm gears up to relocate its latest corporate partner to the region. The firm is advising Tesco on the sell-off of its 129 stores in Japan, a move the retail giant confirmed last month, stating that it "cannot build a sufficiently scalable business" in the region. The Freshfields team handling the sale is understood to be led by Tokyo head James Lawden, although the firm declined to comment.
2 minute read

International Edition

Linklaters targets finance work in corporate cross-selling push

Linklaters has launched an initiative which will see one finance partner assigned to each of its key corporate clients in an effort to cross-sell the City giant's services across both practice areas. The initiative, led by global head of corporate Jeremy Parr and newly-appointed global finance chief Jim Rice, is intended to secure both corporate and finance mandates from the majority of the firm's so-called 'platinum' clients over a three-year timeframe.
2 minute read

International Edition

Competing interests - controversies over Swiss corporate takeovers

One of the key principles spanning Swiss takeover law is the protection of offeree shareholders' financial interests. To achieve this it is essential that shareholders are treated equally and that their freedom of decision is preserved. Swiss takeover law facilitates auctions, which often result in an additional action alternative for, and an increase of the offer price paid to, offeree shareholders. While the Swiss regulator, the Takeover Board (TOB), prohibits measures aimed at frustrating competing offers, it has in a recent decision concluded that not all competing offers are worth being fostered. This article summarises the key characteristics of competing offers, discusses the TOB's recent decision and suggests an alternative route that it could have taken, which arguably would have better served the offeree shareholders' interests.
9 minute read

International Edition

Battle royale - the tussle for global dominance shifts eastward

With elite Wall Street firms finally breaking into Hong Kong law, the stage is set for a high-stakes struggle across Asia between the world's top law firms. Georgina Stanley and Simon Petersen report
22 minute read

International Edition

Slaughters leads alongside US firms on £1.5bn transatlantic takeover bid

Slaughter and May and a number of US firms have won roles on US manufacturing company Colfax Corporation's £1.5bn takeover bid for UK engineering group Charter International. Slaughters has taken the lead role for Charter on the deal, which is conditional upon regulatory and shareholder approvals. The magic circle firm is fielding a team under London corporate partners Andy Ryde and Robin Ogle.
2 minute read

International Edition

Norton Rose Paris corporate chief takes team to Jones Day

Jones Day has hired a four-lawyer team from Norton Rose in Paris including the head of the UK firm's French corporate practice. Herve Castelnau joined the Paris office of Jones Day on 1 September along with three associates, two of whom - Silvain Fock-Yee and Thibaut Kazemi - have been promoted to counsel in the move.
2 minute read

International Edition

Greenberg recruits Cadwalader M&A star Block for new senior role

Greenberg Traurig has hired high-profile Cadwalader Wickersham & Taft dealmaker Dennis Block to take up the newly-created post of senior chairman for global M&A, reports The Am Law Daily. Block, 69, who joined Cadwalader in 1998 from Weil Gotshal & Manges, is considered a major Wall Street dealmaker.
2 minute read

International Edition

Ashurst set for vote as terms emerge on Blake Dawson Asia deal

Ashurst looks set to nearly double its Asian partner count through a tie-up with Blake Dawson that will see the Australian leader rebrand as Ashurst. Partners at the UK law firm received a document confirming details of the proposed joint venture late last month, with a vote expected to take place before the end of September.
2 minute read

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