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.
Latham & Watkins has been involved in the state of Qatar since 1994. Qatar Fertilizer Company (Qafco) is a joint venture between Qatar Petroleum and Norsk Hydro. In 1999, Lathams was instructed by QVC, a joint venture between a subsidiary of TotalFina, Norsk Hyder and Qatar Petroleum, so naturally, the firm was asked to pitch to advise Qafco and beat four other firms to win the work. Norton Rose was chosen to advise the banks. The deal is unusual because it is the first deal in Qatar to be structured as a hybrid between project financing and corporate financing. The loan was made on the basis of Qafco's balance sheet and the company obtained unsecured debt on the basis that it had been around for 25 years. At the same time, Qafco was obliged to provide certain reports and project documents that would not be seen in corporate financing. Lathams assistant on the deal Simon Dickens said that because Qatar is an emerging market known for project financing, it is not a structure that is likely to be repeated.