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.
Allen & Overy (A&O) has advised ING Barings and UBS Warburg on a g300m (£184.4m) eurobond for the City of Moscow.
The transaction is the first eurobond for a Russian entity since the 1998 Russian financial crisis. Historically, UBS has a stronger relationship with A&O but on this the firm is being instructed jointly. The deal's lead partner Daniel Shurman inherited it from Nigel Johnson. To avoid withholding tax, the transaction was structured as a loan to the City of Moscow from the German BHF-Bank using the German-Russian Double Taxation Treaty. The bank funded the loan through a g300m bond issue, with notes rated B, B2 and B by Standard & Poor's, Moody's and Fitch respectively. Shurman said the structure meant that the German bank was exempt from risk. A&O also advised Chase Manhattan Bank as trustee and Linklaters & Alliance advised the City of Moscow.