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International Edition

Hammonds set for US merger vote as combined firm's name emerges

Hammonds partners face seeing the firm's name pushed into second place if the merger with Squire Sanders & Dempsey goes ahead, with the brand being dropped entirely in countries where Hammonds does not have an office. Legal Week has learned that the merged transatlantic firm would be known as Squire Sanders Hammonds in those jurisdictions where Hammonds has a presence, including the UK, Europe and Asia. However, in the US and Eastern Europe, where Hammonds has no offering, the combined firm would be branded as Squire Sanders & Dempsey.
3 minute read

International Edition

Bakers names new managing partner for China and Hong Kong in top-level shake-up

Baker & McKenzie has appointed corporate partner and former executive committee member Poh Lee Tan as managing partner for China and Hong Kong following an overhaul of the firm's executive committee. Tan replaces corporate partner David Fleming as managing partner of Hong Kong, China and Vietnam. Fleming will remain in Hong Kong, but will now focus on client work.
2 minute read

International Edition

LG and Linklaters advise as UTC buys final stake in wind turbine company

LG has lined up opposite Linklaters to take a lead role on United Technologies Corporation's (UTC's) acquisition of the outstanding shares of struggling wind turbine manufacturer Clipper Windpower. LG London-based corporate partner Jeffrey Elway led a team advising longstanding client Clipper Windpower on the sale of its remaining 50.1% stake to UTC, in a deal which values the AIM-listed company at £139.5m.
2 minute read

International Edition

Takeover code reform - less pro-bidder but still pro-market

It appears that M&A advisers will have to get used to the fertile hunting ground of the UK becoming that little bit less bidder-friendly, judging by recently-published recommendations by the Takeover Panel to reform its code. Certainly that is the clear theme running through the proposals that the Panel released last month (22 October) in a review largely triggered by controversy over Kraft Foods' unsolicited takeover of Cadbury. The Panel recommended tightening the so-called 'put up or shut up' rules - effectively forcing bidders to clarify their intentions towards a target or walk away within four weeks of their interest going public.
4 minute read

International Edition

National duo win roles on Indian takeover bid for Blackburn Rovers

Hammonds and Addleshaw Goddard have won lead roles on the proposed takeover of Blackburn Rovers Football Club by an Indian poultry farming company. The Premier League club's owners are currently in talks with the Venky's group about a sale, reportedly worth around £40m, which is expected to close within weeks. Hammonds has won a role advising Venky's, fielding a team led by sports law heavyweight David Hull, a partner in the corporate strategy & finance department in the national firm's London office.
2 minute read

International Edition

Dealmaker: Alex Bafi

Herbert Smith's corporate veteran on duff DIY skills and why ECM deals still get the heart pumping...
4 minute read

International Edition

Walker Morris, Taylor Wessing lead as Portsmouth FC avoids liquidation

Walker Morris and Taylor Wessing have advised on the sale of Portsmouth Football Club, which was concluded this weekend following protracted negotiations over the terms of the acquisition. The sale, which marks the club's exit from administration following months of turmoil surrounding the club's liquidity, saw former owner Alexandre Gaydamak strike a deal with new owners Balram and Deepak Chainrai and Levi Kushnir late on Saturday (23 October).
2 minute read

International Edition

Belgian independent signs up four-strong corporate team

Belgian independent Lydian has bulked up its Brussels practice with the hire of a four-strong corporate team and an alliance with the Belgian arm of an international tax firm. Corporate partner Patrick della Faille and a team of three associates joined Lydian this month from Liedekerke Wolters Waelbroeck & Kirkpatrick, with della Faille becoming the third partner in the corporate department at Lydian.
2 minute read

International Edition

City quartet advise as private equity houses complete $1.4bn Brit buyout

Clifford Chance (CC), Macfarlanes, Ashurst and Linklaters are among a line-up of eight law firms advising on the $1.4bn (£883m) acquisition of Brit Insurance by private equity giants Apollo Global Management and CVC Capital Partners, reports The Am Law Daily. CC, Sullivan & Cromwell and NautaDutilh are acting for the private equity consortium, with the CC team headed up by M&A partners Kem Ihenacho and Patrick Sarch.
2 minute read

International Edition

Raft of firms win roles on $8.3bn tie-up of Singapore and Australian stock exchanges

A line-up of leading Asia-Pacific firms have won roles on the $8.3bn (£5.2bn) merger of the Singapore and Australian stock exchanges, reports The Am Law Daily. The proposed takeover by Singapore Exchange Limited (SGX) of ASX, Australia's main stock exchange, is set to create Asia's second largest exchange after Hong Kong. The cash-and-shares deal will add weight to Singapore's growing status as a leading financial hub.
2 minute read

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