The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Italian law firm Carnelutti scooped the role of adviser to Israel's Dai Telecom on its first transaction in Europe
Under the deal, Dai Telecom, a subsidiary of Israel-based Polar Investments, will lease the operational network of Italy's Finmek Telit. Dai Telecom will also have the option of acquiring Telit, which manufactures telephones for operatorsincluding Telecom Italia.
Carnelutti chose to structure the deal using a 'lease of going concern'. Lead partner Oliviero Pessi explained: "We strategically chose the lease of going concern, peculiar to the Italian legal system, to enable us to significantly limit the undertaking of liabilities connected to the leased assets and, at the same time, to preserve the existing employment relationships."
He added: "We are particularly proud about having assisted this Israeli group in its first transaction in the mobile phones market in Europe."