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.
White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel's €26.9bn (£18.59bn) acquisition of rival Arcelor.
The deals will be financed through a €10.8bn (£7.47bn) syndicated loan, which consists of a €5bn (£3.45bn) and a €2.8bn (£1.93bn) acquisition line. The remaining €3bn (£2.07bn) of the loan will be used to finance existing debt.
A London-based White & Case team, led by banking partners Maurice Allen and Christopher Kandel, is acting for the lead arrangers Goldman Sachs, Citibank, HSBC, Commerzbank, Credit Suisse, Société Générale, Caja de Ahorros y Monte De Piedad de Madrid, Royal Bank of Scotland and Lloyds TSB. Another White & Case partner, Claire Dennison, is advising issuer Rabobank.
Arcelor's numerous stock exchange listings remain the main driver of legal complexity in the financing. London-based Cleary Gottlieb Steen & Hamilton partner Andrew Shutter is advising Mittal on the financing aspects of the acquisition.