The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Lovells advised NM Rothschild & Sons and ABN Amro on the whole business securitisation of the Isle of Man Steam Packet. The deal raised £65m of secured finance for the ferry operator. Head of capital markets David Hudd and senior capital markets lawyer Brian Carne led the deal. "The company's ferries are the main link between the mainland and the island, so the deal was very important for the Isle of Man," said Carne. Hudd added that the deal was unusual, as it is one of the first whole securitisations to be completed. The assets are based in the Isle of Man, so the securitisation is free from the Gover-nment's proposed changes to the administration regime. Lovells was brought in by long-term client Rothschild. ABN Amro came on board later as joint lead managers and also retained Lovells. Steam Packet was advised by Cains on Manx law and Richards Butler on the UK jurisdiction.