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.
Herbert Smith and Simmons & Simmons have been called in to advise on a dispute between fund manager Bramdean Alternatives and property tycoon Vincent Tchenguiz.
Tchenguiz, who owns 28.7 per cent of the AIM-listed company through his Elsina vehicle, is trying to oust the board and appoint new directors.
But Bramdean has complained to the Financial Services Authority (FSA) with a letter drafted by Simmons & Simmons. The letter, sent to Tchenguiz, the FSA and the takeover panel, accused Tchenguiz of exaggerating shareholder support for the plan.
It is understood that Tchenguiz is being advised by Herbert Smith.
Bramdean Alternatives was set up by City investment star Nicola Horlick, who also created parent company Bramdean Asset Management. She faces losing control if shareholders back Tchenguiz.
Last week, she lost a key ally when Bramdean Alternatives non-executive director Peter Barton resigned over a potential conflict of interest caused by his role as chairman of Bramdean Asset Management.
Horlick also has a close relationship with SJ Berwin, which helped her set up Bramdean Asset Management. Real estate partner John Eldridge advised on the establishment of the group in 2005 as well as its bid for London’s Trocadero later that year.
Guernsey-registered Bramdean Alternatives also uses offshore firm Ogier.