Ashurst

Ashurst

Ashurst and Freshfields face off in battle for British oil company

Ashurst, Freshfields Bruckhaus Deringer and K&L Gates are advising on the £608m hostile takeover offer of British oil and gas company Faroe Petroleum by a Norwegian rival. At the end of November, Norwegian company DNO ASA swooped in amid the slide in the price of oil to announce its firm intention to make an offer for Faroe Petroleum, […]

Latham steps in alongside Ashurst in last-minute rescue of Johnston Press

Latham & Watkins has joined Ashurst in the buy-out of the i newspaper owner Johnston Press, securing the future of the multimedia publisher. The company, which has 200 titles under its belt and is one of the UK’s biggest employers of journalists, turned to Ashurst in October, when it put itself up for sale, riddled […]

Ashurst

Ashurst hones in on project finance with White & Case hire

Ashurst has nabbed White & Case partner Matthew Wood for its Africa-specific project finance practice, ending his 16-year stint at the US firm. Wood has been drafted in by Ashurst to lead the firm’s operations in the region and will relocate from the UAE to the London office. He has spent his entire career at White & […]

Royal Mail

Royal Mail instructs Ashurst in £50m Ofcom fine appeal

Royal Mail has called on long-term adviser Ashurst as it has filed to appeal the £50m fine Ofcom hit the postal service with earlier this year for breaching antitrust rules in its sector. The seven-point appeal sees the firm argue that its client’s fine was “manifestly disproportionate” and that the infringement’s short duration coupled with […]

Ashurst

Ashurst sets “ambitious” set of new diversity goals

Women will account for a third of Ashurst‘s global partnership by 2022 if the firm manages to achieve its new set of diversity goals. The target is one of three to be set by the firm in which the firm outlines that 33 per cent of its partnership will be female within the next three […]

Newspaper

Ashurst advises i newspaper owner as it puts itself up for sale

Ashurst is advising multimedia publisher Johnston Press, which owns titles such as i newspaper, as it puts itself up for sale in response to financial struggles. Corporate partner and The Lawyer Hot 100 2017 Karen Davies and global head of restructuring and special situations Giles Boothman are leading the sale and strategic review of the beleaguered company, which […]

Ashurst

Ashurst tempts back derivatives partner for innovation role

After just two years at the helm of Fieldfisher’s alternative legal services arm Condor, Christopher Georgiou has returned to Ashurst to help lead the firm’s delivery platform. Ahead of his move to Fieldfisher, Georgiou was a lawyer at Ashurst for 14 years from 2002 to 2016, which he joined as part of the newly-created derivatives & structured […]

Royal Mail

Ashurst client Royal Mail hit with £50m fine for competition breaches

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

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