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International Edition

DLA Piper corporate partner quits Shanghai base to join US firm

Winston & Strawn has added to its Shanghai base with the hire of DLA Piper partner Bertrand Theaud. Theaud joins from DLA Piper's local office and will focus on corporate law, in particular M&A and private equity. Theaud has experience of domestic and cross-border deals for French and other foreign clients in da number of industries, with a particular focus on the retail and chemical sectors.
2 minute read

International Edition

Nixon Peabody loses five-partner team to Pillsbury in wake of DLA defections

Pillsbury Winthrop Shaw Pittman has hired a five-partner team from Nixon Peabody's New York office, reports The New York Law Journal. The exact size of the team is still being finalised and could reach 20 lawyers, said Pillsbury chairman James Rishwain. The departing partners include Mats Carlston, Nixon Peabody's former head of global finance.
2 minute read

International Edition

Simmons confirms Mayer Brown merger talks to partnership

Simmons & Simmons has informed its partners that it is discussing a merger with Mayer Brown. Senior partner David Dickinson confirmed the talks in an email to the partnership last night (17 June), which stated that the two firms are in "preliminary discussions" about a merger. The note also said that the partners will be informed further about the talks next week. It has been added as a point to the agenda of a scheduled partner meeting due to take place next Friday (25 June), at which other topics will include the voting on this year's new partner promotions.
2 minute read

International Edition

Slaughters and Norton Rose head up Resolution's £2.75bn AXA bid

Slaughter and May and Norton Rose have taken lead roles on the potential £2.75bn takeover of AXA's UK life assurance business by Resolution. Slaughters is advising Resolution, the owner of life insurance giant Friends Provident, on its bid for AXA's UK life and savings operations which, if it confirmed, will be funded in part by a pre-emptive £2bn rights issue by Resolution.
2 minute read

International Edition

Freshfields and Linklaters take lead roles on RBS's sale of UAE assets

Freshfields Bruckhaus Deringer has advised Abu Dhabi Commercial Bank (ADCB) on its acquisition of the Royal Bank of Scotland's (RBS) retailing business in the United Arab Emirates (UAE), marking the first purchase of its kind by a UAE bank. The deal, which is valued at around $100m (£67.5m), is subject to UAE Central Bank approval.
2 minute read

International Edition

Band of US firms ready for UK tie-up as SJB/Proskauer talks continue

Reed Smith, K&L Gates and Bryan Cave are among a group of US-based practices that would actively consider a merger with a London firm, according to Legal Week research. The finding is contained in Legal Week's annual international firms in London focus, which includes submissions from most major foreign practices operating in the Square Mile.
2 minute read

International Edition

Ex-Mayer Brown partner settles with SEC one year after Refco conviction

Former Mayer Brown partner Joseph Collins, who was sentenced to seven years in prison for his role in the $2.4bn (£1.6bn) Refco fraud, has settled charges filed against him by the Securities and Exchange Commission (SEC), reports The Am Law Daily. Corporate partner Collins was sentenced in January for his role in the fraud that brought down commodities trader Refco - Collins' largest client when measured by billable hours. The final judgment against Collins enjoins him from violating a section of the securities code on the use of manipulative and deceptive practices in the purchase and sale of securities. Collins consented to the judgment without admitting or denying the SEC's charges.
2 minute read

International Edition

Simmons makes debut partner hire for new Beijing base

Simmons & Simmons has made its first partner hire to launch the firm's new Beijing base, with M&A specialist Davis Wang set to join from China's King & Wood. The UK top 15 law firm was recently granted a Beijing licence following its application at the start of the year and has stated that it plans to recruit more local lawyers to gain greater access to Chinese clients.
2 minute read

International Edition

Eversheds Prague corporate chief joins Camerons for new challenge

The head of corporate at Eversheds' Prague office has quit the firm to take up the same role at CMS Cameron McKenna's base in the Czech capital. Tomas Krutak joined Camerons on 10 May after eight years at Balcar Polansky Eversheds, the last four of which he headed up the office's corporate practice.
2 minute read

International Edition

Linklaters and Dickson Minto lead on £1.6bn merger of property trusts

Linklaters and Dickson Minto are among a raft of firms to have won roles on the £1.6bn merger of F&C Commercial Property Trust (FCPT) and the UK Commercial Property Trust (UKCPT). The deal, which was agreed last week (9 June) and is due to close by August, will create the sixth-largest UK-listed property company, with a market capitalisation of approximately £1.6bn.
2 minute read

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