The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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 deal for ProLogis is the first cash-funded multi-jurisdictional real estate securitisation in Europe and it is expected to be the first in a number of similar transactions which could total euro1.5bn (£905.3m) in the next three years. The euro213.8m (£129.5m) deal involves the securitisation of 31 properties based in the UK, the Netherlands and France and owned by subsidiaries in Luxembourg and France.`Clifford Chance was led by Peter Voisey, who joined from Lovells last year. The team advised the joint lead arrangers and the trustees, deployed a team of more than 50 lawyers in London, Amsterdam, Luxembourg and Paris. The challenge was to create a common structure for the bonds which could be applied across all the jurisdictions. The structure also needed to ensure that the UK securities trust was enforceable against the secured assets.`The deal creates a legal template for further deals and shows that it is possible to securitise real estate assets across different legal systems under a single cross-collateralised structure.