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.
Freshfields Bruckhaus Deringer advised CIBC World Markets and CIBC World Markets Corp as lead arrangers on the first European collateralised debt obligation (CDO) to have assets denominated in different currencies. This means that special purpose vehicle (SPV) Duchess I CDO is able to acquire bank loans, mezzanine debt, high-yield securities and synthetic securities in sterling and euro. The deal had a warehousing facility to house the assets in the SPV before it closed. It is also the first European CDO to use a revolving liquidity facility. The facility of euro175m (£106.15m) reduces negative carry in the ramp-up period when assets are initially acquired, and it provides funding flexibility. Freshfields has a longstanding relationship with CIBC but this transaction is the first CDO that CIBC has handled in the UK.