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.
Magic circle duo Freshfields Bruckhaus Deringer and Linklaters have bagged the leading roles on the sale of RBS’s UAE retail banking business to Abu Dhabi Commercial Bank (ADCB).
The $100m (£67m) deal marks the first time a local UAE bank has bought an international bank’s retail arm.
Freshfields acted for ADCB, fielding a team led by Abu Dhabi corporate partner David Higgins. RBS turned to Linklaters for advice, with Dubai-based corporate partner Nick Garland leading.
Higgins said: “This was a very complex transaction and an important one for ADCB in order for them to grow their business in the UAE. We’re delighted to be involved in such a historical cross-border transaction and a first-of-its-kind deal in the UAE.”
The RBS business boasts more than 250,000 customers in the region, with three branches and two customer service centres.