8 January 2001

CORPORATE

Belgium-based KBC Bank undertakes a £219m recommended bid for UK stockbroker Peel Hunt. KBC Bank represented by CMS Cameron McKenna (Nick Paul). Peel Hunt advised by Linklaters & Alliance (Steven Turnbull).

Real Estate and Projects

Sydney & London Properties buys Dorland House, the headquarters of Cordiant Communications, London, for £22m in its largest single acquisition to date. Sydney & London advised by Olswang (Philip Olmer). The vendor Escort Property Investment was advised by Freshfields Bruckhaus Deringer (David Cox).

Lovells wins Commerzbank after panel firms conflicted

Lovells is acting for Commerzbank for the first time after the bank’s main corporate advisers were conflicted out on German-based Vaillant’s £692m bid for engineering group Hepworth. Commerzbank, which is acting as arranger and underwriter on the debt package financing Vaillant’s offer for UK company Hepworth, usually turns to Allen & Overy (A&O), Linklaters & […]

Brief encounter: Barnetts

Barnetts Solicitors began life in 1987 as a local Southport firm. It has experienced all the associated difficulties which are well known to small firms in the North West, most notably a shrinking client base, particularly a reduction in the amount of local work, and the inability to compete with City firms. Firms have been […]

FINANCE

Credit Suisse First Boston

Old Square hires PI silk

Old Square Chambers has bolstered its practice by taking experienced professional indemnity and clinical negligence silk David Wilby QC from the chambers of 199 Strand. Old Square is primarily known as a personal injury, environmental and planning chambers but now wants to add clinical negligence to its remit. Wilby joined Old Square on 2 January […]

Blandys hires insolvency ace from Clarks

Reading firm Blandy & Blandy has bolstered its corporate and technology practice with the appointment of insolvency expert David Few from local rival Clarks. The hire comes as the prospect of economic recession appears to be looming closer. Company and commercial lawyer Few says: “Obviously there’s concern that things are going to change. People are […]

Lloyd's v jaffray & ors – summary of judgment

Queen’s Bench Division Commercial Court (Cresswell J) 3 November 2000 This trial of an action formed part of the Lloyd’s Names litigation, which concerned three sample Lloyd’s Names who had not accepted the reconstruction and renewal settlement. The issue was whether Lloyd’s had made misrepresentations that it knew to be untrue and/or was reckless whether […]

Beachcrofts wins battle for BAE insurance liability work

Insurance giant Beachcroft Wansbroughs has beaten two major insurance litigation firms to win a contract making it sole adviser to BAE Systems for insurance-related liability claims. The contract includes all insurance areas except aviation. Beachcrofts will be responsible for investigating employers’ liability and third-party claims ranging from personal injury to product liability. Beachcrofts partner Iain […]

Watson Farley-Hunton merger plans flounder

Talks between Watson Farley & Williams and US firm Hunton & Williams have fallen through for the second time. The two firms, which have been in the advanced stages of talks since October, are understood to have abandoned marriage plans that could have created a 300-partner firm. They considered a joint venture linkup in 1999, […]

Insolvency practices prepare for the worst

CC Raids Lovells workout team; Dechert launches insolvency practice; Herbert Smith group splinters UK law firms are rushing to shore up their insolvency and restructuring practices as economists predict a slowdown. Clifford Chance is taking on Nicholas Frome, head of business restructuring at Lovells, who is expected to join the firm’s restructuring and insolvency group […]

The Leader column

Hands up everyone whose New Year resolutions include any of the following: lose weight, cut down on drinking, write a novel, get a new job, see more of the family, see less of the family, start saving. Thought so. Pointless resolutions will no doubt still be the topic of office conversation this week, it would […]

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