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.
US and Japanese law firms are locking horns over a bid by UK-based Cable & Wireless (C&W) to buy Japanese-based International Digital Communications (IDC).
C&W has offered u347m in cash for IDC. But Nippon Telegraph and Telephone, Japan's largest telecoms operator, has put in a bid to buy the company in stocks and cash for less than is now being considered - five days before C&W's tender offer closes.
A source says: "The feeling is that the Japanese government wants IDC to stay Japanese. There have been various means employed to block out C&W."
Japan signed the General Agreement on Trade and Services (GATS), which has an annex saying there must be "no limitations on market access".
But the source says: "They are trying to bypass the annex. This is a legal battle with the Japanese."
C&W's legal advisers - which include Robert Grondine at White & Case in Tokyo, Chris Lunding at Cleary Gottlieb Steen & Hamilton, and Tokyo firm Tomotsune Kimura & Mitomi - refused to comment.
A C&W spokesman says: "We are disappointed with the situation."