Deals round-up

Freshfields Bruckhaus Deringer, led by corporate partner Gareth Stephenson, has advised Westbury on its takeover by Persimmon for £650m. The acquisition will strengthen Persimmon’s position as one of the UK’s leading housebuilders. Persimmon was advised by Mayer Brown Rowe & Maw.

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Latest Briefings

Interrogatories – questions and answers time

Both legal practitioners and the general public alike are very much aware that litigation can be a time consuming and costly exercise, particularly in light of the lengthy delays for the hearing of trials and the subsequent length of time many trials run for. One particular tool favoured by the courts as a way to […]

No novation is not ideal

In M Hart Construction Ltd & Anor v Ideal Response Group Ltd [2018] the court refused to enforce two adjudicators’ decisions on the basis that there was no contract between the parties. There had not been an effective novation from an original contracting party.  The adjudicators therefore did not have jurisdiction to determine the disputes. Another […]

Trade associations call for company voluntary arrangement reforms

Reforms are needed to the current company voluntary arrangement (CVA) process, according to both R3 and the British Property Federation (BPF). R3 (the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals) has published a research report recommending a number of reforms to improve the effectiveness and reputation of CVAs. These include: Capping […]

How the courts are interpreting long-term maintenance contracts

By Ian Yule The Private Finance Initiative (PFI) may be past its peak, but various cases have come to court in the past few years involving long-term maintenance contracts, including PFIs. Three cases in particular are worth noting. They have featured issues such as whether terms should be implied about co-operation, how good faith clauses […]

Recommended

Slaughters picked by Brambles

Slaughter and May has scooped an instruction over Freshfields Bruckhaus Deringer to advise Australian logistics operator Brambles Industries on its plan to quit the London Stock Exchange and release at least A$2.8bn (£1.2bn) to shareholders through share buybacks. Brambles is a regular client of Freshfields, but Slaughters won the lead UK advisory role after the dual-listed […]

A&O suffers further loss as finance star joins Skadden

Skadden” />Allen & Overy (A&O) has suffered its seventh partner resignation this year as finance partner Clive Wells quits for Skadden Arps Slate Meagher & Flom. As first revealed on www.thelawyer.com (2 December), Wells handed in his notice on 1 December. He had been at the magic circle firm for three years, having joined A&O […]

Equitable settles; A&O, Simmons get costs

Equitable Life has settled its outstanding litigation against nine former directors, with Allen & Overy (A&O) and Simmons & Simmons recovering costs from the insurance firm, The Lawyer can reveal. The agreement was reached this morning and brings to an end an extraordinary saga of litigation lasting four years. A&O and Simmons were both acting […]

Simmons extends life of split capital investments

Simmons & Simmons has brought a new level of innovation into the organisation of split capital investment trusts with a new type of reconstruction. The firm advised longstanding client Jupiter on a ‘continuation’ reconstruction of its split capital investment trust Jupiter Dividend & Growth Trust, eschewing the more typical ‘rollover’ type of reorganisation. Split capital […]

International eye: Europe

Matt Byrne on the month in Belgium, the Netherlands and Luxembourg: Nauta Dutilh and De Brauw to consolidate in the Netherlands; Garrigues, Taylor Wessing and DLA Piper ramp up in Brussels ; Nabarros overhauls its European best friends network ; European Commission gives warning on entrance restrictions

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