Flotations
Clark Holt of Swindon advised computer software company AIT Group on its admission to the London Stock Exchange with a market capitalisation of £30m. Osborne Clarke advised sponsor Greig Middleton.
Property
Norton Rose acted for BICC on its sale of Reading’s 700,000 sq ft Oracle shopping centre site to a joint venture between developer Hammerson, represented by Nabarro Nathanson and the Abu Dhabi Investment Authority, advised by Simmons & Simmons, which took a 50 per cent interest in the venture.
Flotations
Wragge & Co has advised computer software company Delcam on its £15.4m listing on the AIM.
Property
Lovell White Durrant acted for the Prudential on the £107m purchase and 35-year lease-back of ICI’s London headquarters at 9 Millbank, London SW1, to ICI. Field Fisher Waterhouse acted for ICI.
Financing
Stephenson Harwood advised Christies on issuing $100m worth of notes in a private placement to finance the refurbishing of premises in New York. New York firm Chapman & Cutler was Christies’ US counsel and Hebb & Gitlin advised the noteholders.
Property
Nabarro Nathanson advised the Post office on the sale of its sorting office at King Edward Buildings to Merrill Lynch, advised by Linklaters & Paines. Merrill Lynch plans to convert the historic building into its 500,000 sq ft European headquarters.
Flotations
Berwin Leighton acted for London bus company Metroline on its £37m listing on the London Stock Exchange. Rowe & Maw acted for the sponsors to the listing.
The Lawyer Inquiry: Eamon Moloney
Eamon Moloney was born on 25 August 1954. He is a partner in the shipping and international trade department at Eversheds. What was your first job? As a midshipman, washing up for 600 sailors on HMS Fearless while in the terminal stage of seasickness. What was your first ever salary as a lawyer? £45 per […]
We are pro pro bono
Write to: The Editor, The Lawyer, 50 Poland Street, London W1V 4AX, Fax 0171-734 0534 I see that the beatings about pro bono work are going to continue until morale improves (The Lawyer, 21 July). Contrary to your frequent editorials, can I point out that the Law Society is totally supportive of moves to encourage […]
Fat cats or court fees – what is the issue?
The recent debate on the level of court fees was diverted by Lord Irvine’s attack on “fat cat” lawyers, but should the Lord Chancellor have run a different argument? asks Roger Smith. Roger Smith is director of the Legal Action Group. Those that live by the sword have a tendency to die by it. Lord […]
In brief: Walker-Arnott re-elected at Herbert Smith
Edward Walker-Arnott has been re-elected senior partner of Herbert Smith in an uncontested election. First appointed senior partner in May 1992, he will remain in the post until April 2000. “It is a great honour to be able to lead Herbert Smith into the new millennium,” he said. “We are excellently placed to take advantage […]