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.
Offshore firms Ogier and Carey Olsen joined magic circle firms Clifford Chance and Linklaters and French independent Bredin Prat on one of the biggest M&A transactions to complete so far this year.
Linklaters, Bredin Prat and Ogier advised GDF Suez on its £17.1bn investment in International Power, which closed 3 February.
The deal sees GDF transfer its international energy division to International Power, in return for a 70 per cent shareholding in the company. It creates the world’s largest global energy company, with an estimated turnover of £70bn.
The international Linklaters team included Paris partners Marc Loy and Pierre Zelenko, London-based partners Matthew Middleditch and Iain Wagstaff and Brussels partner Arnaud Coibion. Meanwhile, Bredin Prat partners Patrick Dziewolski and Matthieu Pouchepadass also provided French advice.
Both firms had previously advised GDF on its 2008 €67bn (£53.07bn) merger with Suez.
Ogier corporate partner Raulin Amy advised GDF on the Jersey aspects of the transaction, which involved the incorporation of a Jersey special purpose vehicle. The firm’s fiduciary business Ogier Corporate Services was also involved.
International Power’s Jersey counsel was Carey Olsen, led by partner Alex Ohlssen.
Clifford Chance acted for long-standing client International Power, with the team led by London partners David Pudge, Brendan Moylan, Kathy Honeywood and Andrew Grenville.