The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Fasken Martineau Stringer Saul has landed a deal advising Pan African Resources on its dual listing on London's AIM and Johannesburg's AltX.
Led by London-based corporate partner Nigel Gordon and Johannesburg-based senior associate Dimitri Cavvadas, the team acting on the deal won the instruction on the back of a longstanding relationship with the exploration and development company.
As part of the current deal Pan African is carrying out a reverse takeover of South Africa's Barberton Mines, whose parent company Metorex is listed on AIM.
Gordon said: "Pan African Resources is acquiring Barberton Mines and paying for it by issuing shares to Metorex. The latter will own 55 per cent of the enlarged share capital.
"The business case for the merger is that it will be able to produce cashflow that will fund the company's exploration activity across Africa."
He added that the enlarged company is listing in Johannesburg as well as London because South African rules dictate that foreign companies can only take ownership of domestic players if they list on a local exchange.
Fasken's relationship with Pan African stretches back to 2004, when it advised the company on its reverse takeover of a business with gold exploration interests in Mozambique and Ghana. Until then the company had been an internet investment player.
Barberton Mines is being advised on the deal by in-house counsel. Resource-focused investment bank Ambrian Capital is acting as the nominated adviser, under advice from LG.