The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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) has landed the plum role advising the banks and the monoline insurer on Arsenal Football Club's landmark securitisation of ticket sales from its new 60,000-seater Emirates Stadium.
The club plans to raise £260m through the securitisation, which will be backed by ticket sales. The deal contains many groundbreaking features: it is the first football securitisation to be rated investment grade, thanks to the additional structuring, which includes a monoline wrap; it is also the first public deal of its kind and has been given a triple-A rating.
The transaction will contain fixed and floating rate notes and will be issued by a special purpose vehicle called Arsenal Securities.
The proceeds of the bonds will be used to refinance the bank deal, which funded the construction of the new Emirates Stadium.
A&O finance partner Gareth Price led the team advising lead managers Barclays Bank and Royal Bank of Scotland, and Ambac Assurance as the monoline insurer.
A&O partner Morgan Krone acted for Law Debenture as the trustee.
Slaughter and May reprised its role as Arsenal's legal adviser, with finance partner Philip Snell taking the lead on the securitisation.