Ashurst scores lead role on William Hill refinancing

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Latest Briefings

Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

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Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Co-op ABS plans to create thousands of legal jobs

The Co-operative Group has unveiled plans to create 3,000 jobs in the legal sector as it aims to revolutionise how legal services are delivered on the high street. The SRA approved the group’s plans to convert Cooperative Legal Services (CLS) to an alternative business structure in March (28 March 2012). Today, the company said it […]

William Hill bets on Ashurst for rights issue

Ashurst has secured a key instruction frm William Hill over its plan to raise £1.2bn in a rights issue and debt facility, alongside Allen & Overy (A&O) and ­Skadden ;Arps ;Slate Meagher & Flom. Ashurst corporate partner Anthony Clare advised the gambling group, while ­Skadden capital markets partner James Healy acted for the underwriting banks […]

Sonnenschein shuts Charlotte as work dries up

Sonnenschein Nath & Rosenthal has closed its 11-lawyer Charlotte office due to the declining demand for legal services The US firm’s chairman Elliott Portnoy emailed the firm last Friday (27 February) to announce the move after partners voted on the closure. Some Charlotte-based lawyers will be relocated to busier parts of the network. The remaining […]

Slaughters gets nod from Land Securities

Land Securities has turned to ­stalwart adviser Slaughter and May on its £755.7m rights issue. The Slaughters team was led by corporate partner Gavin Brown, assisted by corporate associates Richard Smith and Grace Impey, tax associate Richard Jeens and pensions associate Ellen Swan. ­Freshfields Bruckhaus Deringer partner Simon Witty is acting for the banks.

Redemptions on song?

Recent Cayman, Bermudian and BVI court decisions have given practitioners a heads-up on fund redemption legislation. With the hedge fund industry severely impacted by recent events, many offshore funds have been left facing serious liquidity issues and substantial redemption requests they cannot meet. In order to trade out of difficulty or preserve assets for the […]

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