The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
This is the first time Weil Gotshal & Manges has acted for Petroplus International and is one of the few recent non-telecoms European high yield debt offerings.
The firm was recommended to the client by the initial purchasers of the notes, ING Barings. London-based US partner Michael Brady led the team advising the midstream oil company, which has operations spanning western Europe.
The company issued euro150m (£88.6m) of 10.5 per cent senior notes due in 2010 through a newly formed special purpose finance subsidiary of Petroplus. The notes were offered and sold both in Europe and within the US, and the net proceeds were used to repay borrowings for Petroplus' May acquisition of the Cressier refinery in Switzerland from Shell.
The company did an equity offering of 6.5 million ordinary shares in March, and on that deal used Herbert Smith as adviser.
Michael Brady led a team of eight London lawyers on the deal, including US associates Marc Kenny and Monica Risam. English partners Paul Claydon, Erica Handling and Andrew Norwood were involved, as were associates Ann-Marie Farelly and Michael Logie. Lawyers from the firm's German desk in London and its Brussels office were also called on for the multi-jurisdictional deal.