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.
Clifford Chance has advised long-standing client Barclays on a £7.3bn cash injection by investors to avoid nationalisation.
Barclays long-term adviser Guy Norman led the team for Barclays together with financial institutions partner Chris Bates, corporate partner Patrick Sarch and securities partner Simon Sinclair.
The largest single cash injection came from Sheikh Mansour Bin Zayed Al Nahyan, one of the brothers of Abu Dhabi's ruler, whose injection of £3.5bn could amount to a 16.3 percent stake in the bank.
Allen & Overy capital markets partners Jonathan Mellor and Louise Wolfson led the team.
Reserve capital instruments (RCIs) will be issued at an annual interest rate of 14 percent until June 2019. It is also understood that warrants for shares could be issued with worth an additional £3bn.
Up to £2bn pounds are to be raised from Qatar's sovereign wealth fund, Qatar Holdings, which was advised by Latham & Watkins M&A partners Nick Cline and Graeme Sloan, alongside banking partners Bill Voge and Chris McFadzean. This would give Qatar Holdings 15.5 per cent of Barclays.
Freshfields Bruckhaus Deringer acted for the agents and bookrunners Credit Suisse and JPMorgan Cazenove. Freshfields’ team was led by corporate partner Julian Makin, supported by financial institutions co-head partners Will Lawes, tax partner Colin Hargreaves and corporate partner Sarah Murphy.