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.
Denton Wilde Sapte (DWS) has scooped a role advising the lenders on the innovative Islamic bond issue that will fund the P&O acquisition.
Barclays Capital and Dubai Islamic Bank are the lead managers on a $2.8bn (£1.63bn) Sukuk that is linked to a potential IPO on maturity.
Linklaters has landed Dubai-based container terminal operator DP World as a new client after advising it on its £3.3bn recommended bid for P&O.
As first reported on www.thelawyer.com (29 November), the magic circle firm won the mandate to advise DP World after participating in a beauty parade and because of a recomm-endation from Deutsche Bank. The German bank is advising DP World alongside Merrill Lynch.
Clifford Chance global head of banking Mark Campbell advised DP World on the debt financing aspects of the deal because the firm has handled previous financing work for the company. Meanwhile, Allen & Overy is understood to have advised Deutsche Bank.
The P&O takeover is the second big-ticket M&A deal involving a Dubai-based bidder that Linklaters has handled in recent months. In July the firm advised Dubai Investments Company on the £800m acquisition of theme parks group Tussauds from private equity house Charterhouse. Tussauds runs Alton Towers and Thorpe Park as well as waxwork galleries.
The all-cash offer, which was announced last Tuesday (29 November), will be implemented through a scheme of arrangement under Section 425 of the Companies Act 1985.
The Linklaters team is being led by corporate partners David Cheyne and Jeremy Parr. Freshfields Bruckhaus Deringer corporate partner Mark Rawlinson advised longstanding client P&O, while Dubai partner Rahail Ali headed the DWS team.