Deals summary

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Deals summary

Ashurst Morris Crisp (Mark Vickers) advised Barclays Bank Leveraged Finance on the £50.75m public to private takeover of FCX International by XCF Investments, a company funded by the Alchemy Investment Plan. XCF advised by Macfarlanes. Linklaters (David Yun) advised Pacific Ports Company (PPC) on a proposed HK$1.09bn (£89.5m) merger between indirect subsidiary Xiamen Xiang Yu […]

Travers, Freshfields and CC land work on LSE overhaul

Travers Smith Braith-waite, Freshfields Bruckhaus Derringer and Clifford Chance have advised CRESTCo, the London Stock Exchange (LSE) and the London Clearing House on a revolutionary trade settlement system provided for the LSE by CRESTCo.The new system, which took effect on 1 July, will allow traders on the London equities market to settle trades with much […]

FIRM PROFILE: VEITCH PENNY

With a new leader at the helm, Veitch Penny is gunning for commercial growth Exeter-based Veitch Penny has hired former Trethowans employment and licensing partner Peter Taylor as its new managing partner. Taylor took over the role on 1 June, when former managing partner Simon Young left to become chief executive at the Law Group.Having […]

BA loses out in Kuwait Airways insurance case

Landmark ruling could affect World Trade Center claims The insurance issue at the heart of claims arising out of the destruction of the World Trade Center became the crucial issue in a case concluded this week relating to the Iraqi invasion of Kuwait in 1990.Murray Arnold Campbell Scott v Copenhagen Reinsurance concerned the loss of […]

ITV Digital faces £1.5m claim from employees

Hobson Audley has lodged 153 claims valuing £1.5m in the Stratford employment tribunal on behalf of the Ex-ITV Digital Employees’ Group – those dismissed from the company after it went into administration in March The claim against ITV Digital (Services) Limited – the company in administration – for failure to properly consult the employees on […]

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