The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy (A&O) advised the Hellenic Republic on its third securitisation of receivables in Greece. The deal involved s2bn (£1.37bn) of receivables from lottery tickets. The firm was approached by the banks in the summer and was also brought in to advise the Republic. Fresh-fields Bruckhaus Deringer was brought in at execution stage to advise the banks. Under the EU Third Community Support Framework, countries with emerging markets are given money to pay for eligible projects. However, the money is reimbursed so the country needs a working capital facility. Hellenic sold the receivables to generate the working capital. The special purpose vehicle and the notes were listed in Luxembourg and the ratings were AA, A, A from Moody's, Standard & Poor's and Fitch respectively.