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Lovells advises on Pakistani Islamic loan

Lovells has scooped the mandate to advise the underwriters of an Islamic loan for a Pakistani energy plant. The firm advised Dubai Islamic Bank, Citi Islamic Investment Bank, Standard Chartered Bank, National Bank of Pakistan, Habib Bank and SAMBA Financial Group on the $150m (£73.61m) sharia compliant syndicated loan to fund the Engro Chemical plant. […]

US shows arbitration infatuation

Two of England’s barristers found themselves being pushed out of a hot-air balloon last week. Well, sort of. At the American Bar Association bash last Wednesday, Clive Freedman of 3 Verulam Buildings and Steven Gee QC of Stone Chambers were made to jump out of a balloon during the debate on the best dispute resolution […]

City delegation heads to Beijing on AIM quest

City lawyers are flying to Beijing in an attempt to convince Chinese regulators to relax obstacles it is feared will stop Chinese companies listing on AIM. A delegation of high-level City lawyers is flying to Beijing in an attempt to convince Chinese regulators to relax recently laid obstacles it is feared will stop Chinese companies […]

Quadrant raids 4-5 Gray’s for banking trio

Quadrant Chambers has raided 4-5 Gray’s Inn Square for a trio of barristers as it ramps up its banking and financial services practice for the expected influx of work following the credit crunch. The set has recruited derivatives specialist Tom O’Riordan, who, before joining 4-5 Gray’s Inn, worked as external counsel for Cadwalader Wickersham & […]

SJ Berwin in Reed Smith City move

SJ Berwin’s real estate division advised British Land on its pre-letting agreement with Reed Smith Richards Butler for space in the 35-storey Broadgate Tower development. Reed Smith has agreed to occupy 39 per cent of the building when it is complete, signing a 15-and-a-half-year lease. It will pay initial rent of £62.50 per sq ft […]

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