3 July 2000

Property

Clifford Chance represented Burford Holdings on the second and third lettings of Mayfair Place redevelopment. A 20-year FRI lease for 11,000sq ft has been signed with Brixton Estate at a rent of £650,000 per annum. 44,000sq ft have been let to commodity trader Glencore UK, which signed a 20-year FRI lease at an annual rent […]

Placements

Linklaters & Alliance represented Green Property Management and the Whitehall Fund on facilities to finance the acquisition of a portfolio of properties from P&O. The acquisition was effected through a joint venture between Green Property and Whitehall. Partner Philip Badge led a team of eight on the deal. Sullivan & Cromwell provided US legal advice […]

It’s been a bad week for

Robin Cook. The Foreign Secretary faces being sued by former MI5 and reluctant French resident David Shayler. Cook had dismissed Shalyer’s allegations of MI6’s involvement in a plot to kill Libyan leader Colonel Gadafy in a BBC television interview. Shayler said:”Mr Cook’s claims that my allegations were ‘pure fantasy’ will be exposed as defamatory as […]

Scuffle of the week

Lee O’Brien v Mirror Group Newspapers. O’Brien is suing the newspaper for £50,000 plus interest, claiming breach of contract. O’Brien was one of 1,472 who claimed the £50,000 top prize in 1995 for a scratchcard game. His barrister Jonathan Crystal told the court that the game was ‘fixed’ so that no one could win. Claimants […]

Flotation

Cleary Gottlieb Steen & Hamilton represented the Swedish Ministry of Industry, Employment and Communication, acting for the Kingdom of Sweden, on an offering of shares in national telecoms company Telia AB. Partner Sebastian Sperber led a team of two on the deal. Sullivan & Cromwell acted for Telia AB while Skadden Arps Slate Meagher & […]

It’s been a good week for

Criminal suspects. In a surprise ruling, the USSupreme Court has reaffirmed that the police must read suspects their four fundamental rights, including the “right to remain silent” – the so-called “Miranda rights” beloved of US detective series. One of two dissenting judges said the decision “converts Miranda from a milestone of overreaching” into one of […]

Case of the week

The RollingStones’ former record label, Abkco Music, lost a round in its battle over who owns the rights to two songs first recorded by blues legend Robert Johnson. The court found that the fact that the band believed that any common-law copyright on Love in Vain and Stop Breakin’ Down had expired, were not reasons […]

Growing into success does not mean merger

As every managing partner is painfully aware, the most difficult thing about strategy is its implementation. Take strategies for growth. Even where expansion is a valid strategic imperative, merger does not often provide an appropriate, cost-effective and trouble-free route to implementation. Too many mergers appear to have no good rationale other than growth for growth’s […]

Rozenberg

One of the first books I bought as a law student was Salmond on Jurisprudence. It was the twelfth and last edition. All I remember of it is a hurriedly written note printed immediately after the preface. It quoted an announcement that the then Lord Chancellor, Lord Gardiner, made on 26 July 1966 “on behalf […]

…while Biddle pay soars to £;45,000

Biddle has introduced a payment scheme for its newly-qualified assistants which could see them earn as much as £45,000. After completing their traineeship, lawyers will be paid £37,000 a year, £5,000 more than last year. But the firm has also introduced a bonus scheme of between five and 25 per cent, dependent on individual performance, […]

The Winner’s circle

The winner’s circle Competition for The Lawyer Awards this year was as fierce as ever. The quality of submissions for both individuals and firms was astounding. The Lawyer looks at some of the winners and exactly why they were the ones awarded a prize Banking and capital markets team of the year It will come […]

A View from Germany

Of course, everybody over here is talking about Freshfields and Bruckhaus Westrick Heller Löber. How did Peck and Salz pull it out of the bag after only a 63% vote for in April? Just what concessions did Bruckhaus big hitters Voss, Epe, Wilde and Horvath wring out of a City firm whose march through continental […]

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