Landwell (Celia Gardiner, Mark Satterly) is advising on the cross-border insolvency of Folksam International, the reinsurance arm of one of Sweden's largest insurers.
Speechly Bircham (Michael Lingens) acted for the shareholders of CareTech Community Services on the sale of its shares as part of a secondary buyout backed by Barclays Private Equity. Barclays advised by Pinsent Curtis Biddle. The departing shareholders were represented by Osborne Clarke. Hammonds advised the Royal Bank of Scotland, which provided the finance.
Vinson & Elkins (John LaMaster, Alex Msimang, Vickie Kottler) advised Canadian Natural Resources (CNR) on the acquisition of Kerr-McGee's entire UK North Sea oil and gas assets in exchange for $120m (£78.5m) in cash and CNR's interest in the Harding field in the UK North Sea. The team worked alongside CNR's corporate lawyer Adela Prior. Kerr-McGee was represented by its in-house legal team.
Berwin Leighton Paisner (Quentin Solt) advised Premium Credit, a shareholder and debt provider to Electricity Direct, in connection with the sale of Electricity Direct (UK) to British Gas Trading, a subsidiary of Centrica, in a deal worth £63m. Electricity Direct shareholders were represented by Hammonds. Ashurst Morris Crisp advised Centrica.