Eversheds Italy advises UniCredit and syndicate of banks on sale of Setai hotel
The Milan office of Eversheds has advised UniCredit and a syndicate of banks on the sale of the Setai Fifth Avenue Hotel and Residences in Manhattan, New York, to Pacific Fifth Avenue Corporation (Langham Group).
The Setai Fifth Avenue Hotel and Residences is a skyscraper constructed by 400 Fifth Realty (Bizzi & Partners Group) and financed by a pool of Italian banks via a mix of senior and junior debt.
The Eversheds team was led by partner Marco Franzini and associate Charlie Wright in collaboration with US law firm Blank Rome.
Eversheds advised on the financing repayments between the banks and the contractor borrower, 400 Fifth Realty.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The current EU market abuse regime is in line for an overhaul. It is anticipated that the implementation of the new proposals may not come into force until 2016.
The ‘unfair relationship’ concept in respect of credit agreements was introduced into the Consumer Credit Act 1974 on 6 April 2007.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe