DP World: how US politicians got in the way of the lawyers

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Latest Briefings

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Draft legislative proposal introduces a minimum price for CO2

The Dutch government has published a draft legislative proposal for consultation that introduces a minimum price for CO2. The minimum price is introduced by way of a tax levied on electricity producers. The tax is levied per ton of CO2 emission. In the proposal, the tax rate per ton CO2 is calculated each year as […]

Adoption of unregistered land as highway

By Paul Weeks Unregistered land in unknown ownership can cause a headache on development and the extent of the issue will often depend upon what the land is needed for…

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McGuireWoods finalises US merger

McGuireWoods has sealed its second US merger in as many months. The 750-lawyer Richmond-based firm, which posted revenues of $344m in 2004, plans to takeover 40-lawyer Los Angeles-based Van Etten Suzumoto & Becket. In January the firm also agreed a merger with Chicago-based Gordon & Glickson. That deal boosted McGuireWoods’ Chicago office to around 150 […]

Ferring counsel departs due to Swiss role

The long-serving general counsel of privately owned company Ferring Pharmaceutical has quit after the company relocated from Copenhagen to Wallisellen, Switzerland. General counsel Patricia Barclay decided not to move with the company headquarters, which could leave Ferring without a general counsel for much of the year. She has been general counsel since 1984. Ferring has […]

Freshfields managing director quits

Freshfields managing director Kirk Stephenson has resigned from the magic circle firm in the first internal shake-up since its management election last year. Stephenson’s resignation, which will be seen as marking a break from the old management team, was announced to partners yesterday. Stephenson joined Freshfields as finance director in 1999 after spells as FD […]

Lovells scores £9bn Vodafone deal for SoftBank

Lovells’ Tokyo arm has scooped the lead advisory role for SoftBank on the Japanese internet service provider’s £9bn purchase of Vodafone’s flagging mobile telecoms business. Vodafone has rejected proposals by private equity firms Cerberus and Providence and Kohlberg Kravis Roberts, instead deciding to proceed with its advanced negotiations with SoftBank. Lovells corporate partner Tim Lester […]

Deals roundup

Ashurst acts on takeover bid for Center Parcs Ashurst acts on takeover bid for Center ParcsAshurst has advised Blackstone and Forest Bidco, an acquisition vehicle formed by Blackstone, on Forest Bidco’s £205m takeover offer for Center Parcs. The 80p- per-share bid has been recommended to shareholders by Center Parcs’ directors. The Ashurst team was led […]

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