Ashurst scores lead role on William Hill refinancing

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Cayman Grand Court hands down decision on master-feeder fund structures

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Co-op ABS plans to create thousands of legal jobs

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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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