23 October 2000

Former CC partner becomes Barclays Capital MD

Andrew Taylor, who practiced at Clifford Chance for 21 years, is joining the investment banking division of Barclays Bank as managing director and general counsel for the UK, Europe and Asia Pacific. He will report to Frank McGarahan, global head of legal and compliance and Howard Trust, Barclays Group general counsel, while working alongside Guy […]

CMS partner opens in former Yugoslavia

The office, which is part of the international network including CMS Cameron McKenna, will specialise in a number of areas including M&A, privatisation and company formation and will he headed up by Serbian lawyer Radivoje Petrikic. The office is permitted to act in a consultation capacity on both legal and business matters due to a […]

Hartford

Hartford Financial Services Group sells subsidiary Zwolsche Algemeene to Allianz subsidiary Assurances Générales de France (AGF). Hartford advised by Allen & Overy‘s UK, Dutch and Luxembourg offices (Mark Wippell, Maartin Muller and Marc Feider). AGF represented by Bredin Prat & Associés (Richard Shepherd) and Stibbe Simont Monahan Duhot.

Lovells team wins £70m for Abbey National in £460m leaseback deal

Lovells’ property team has steered Abbey National to a £70m profit in the first-ever sale and leaseback deal for a UK bank, worth around £460m. Abbey National has sold its branch network and offices and agreed a 20-year contract to occupy them on a flexible basis. The preferred bidder was Mapeley Columbus, backed by Soros […]

JLPBS

JLPBS Forbury, a joint venture between John Laing Property and the Bank of Scotland, acquires Energis House in Reading. Two leasehold interests were surrendered by Caradon and Energis. CMS Cameron McKenna advised JLPBS Forbury (David Saunders) and Caradon (Colin Jesson). Davies Arnold Cooper advised Energis (Ian Hunter).

Opinion

Last week the Law Society said it was considering legal action because of some comments made by legal expenses insurer DAS about drawbacks to the new Accident Line Protect Scheme (ALPS). Now that the Law Society has entered the commercial game they should learn to take criticism without throwing their dummy out of the pram. […]

Bayerische

Bayerische Hypo und Vereinsbank and Standard Bank London lead $40m (£27.8m) syndicated project financing for Julietta gold mine. Mayer Brown & Platt London advised the banks, Russian firm Padva Rosenberg advised on Russian Law. Fasken Martineau DuMoulin in Vancouver advised borrower Omsukchansk Mining and Geological company and project sponsor Bema Gold Corporation.

NTL

NTL acquires Scanners Television Outside Broadcasts. NTL advised by Barlow Lyde & Gilbert (Keith Snedden). Scanners advised by Freeth Cartwright Hunt Dickens.

FINANCE

VSZ sells steel making business to US Steel for $495m (£344m). Linklaters advised VSZ on corporate and banking restructuring (Jo Windsor, Tom Wells), while Squire Sanders & Dempsey gave Slovak advice. US Steel represented by Weil Gotshal in London and Prague. Banks advised by Allen & Overy in London.

DOCTOR SPIN

AUK company with a massive global presence, an instantly recognised name and the sort of relationship with its customers that’s to die for, is understood to have appointed its first advertising agency. Cheetham Bell, one of the North’s biggest agencies, is believed to have picked up this dream multimillion-pound account after building up a relationship […]

Throwing the book away

Publishers of the big two legal directories, Chambers & Partners and The Legal 500, would have us believe that all lawyers have one day a year marked in red in their collective diaries. This is the day when members of the legal world find out where they are ranked in the directories, and by implication […]

Clyde & Co hires Novartis UK legal chief to open IP practice

The head of legal at biotechnology company Novartis UK is leaving to join Clyde & Co. Novartis was created by a merger in 1997, and Sally Shorthose, who set up the in-house department, will head the firm’s new commercial intellectual property (IP) and IT practice. Before moving to Novartis, Shorthose was senior legal adviser at […]

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