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.
Ashurst Morris Crisp has acted on the winding up of its oldest client, the River Plate and General Investment Trust.
Roger Walsom, for 10 years contact partner for the trust, which was originally set up to invest in the South American economic boom of the 1880s, said: "The transaction was rather poignant for us. The trust has been a client since its incorporation 108 years ago."
In the mid-1980s River Plate's shares were trading at a discount to its net asset value and the trust, in line with many others, restructured to improve the value of its shares.
It split its capital into shares that generated income and shares for investors interested in capital growth and as a result had to promise that the value of the capital would be realised in 10 years' time.
In November 1995 Jupiter Split Trust approached River Plate with a takeover and winding-up offer which became unconditional in January last year once it had acquired 85 per cent of the company.