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.
The securitisation is a twist on traditional sale and leaseback deals carried out by the likes of House of Fraser or Tesco. Sainsbury's keeps control of the 16 properties and cuts its tax bill.
Other retailers are likely to follow suit as commercial pressures force them to make the most of their fixed assets.
CMS Cameron McKenna partner Nick Brown says: "Not only does the securitisation unlock some of the value from the company's property portfolio, it will also bring greater certainty to the organisation's financial planning.