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.
Denton Wilde Sapte (DWS) has scooped an instruction from UK and Canadian-listed Nelson Resources, an independent oil company that is the target of Russian state oil giant Lukoil.
According to reports, Nelson's controlling shareholders, which hold a 65 per cent stake in the company, have agreed to a $2bn (£1.14bn) sale, despite the offer being about 10 per cent below the company's current market value.
It is understood Akin Gump Strauss Hauer & Feld has secured instructions from Lukoil, which has a legal panel including Norton Rose and White & Case. Akin Gump Washington DC partner James Langdon is believed to be acting for the company. Langdon has taken instructions from Lukoil before, advising on the sale of a 7.59 per cent stake to ConocoPhillips last October.
DWS landed the instruction from Nelson a fortnight ago following a recommendation from the firm's energy practice.
Canadian firm Gowling Lafleur Henderson is providing advice on local law issues.
Nelson is a former Canadian gold miner which has focused on Kazakhstan oil since 2000 with reserves of 270 million barrels.