Akin Gump slammed by SFO over collapse of $67m corruption trial

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Gowling advises Cairngorm Capital on acquisition of MJ Wilson Group

International law firm Gowling WLG has advised client Cairngorm Capital Partners LLP (Cairngorm Capital) on the acquisition of M J Wilson Group Limited (MJ Wilson), the leading independent UK distributor of process instrumentation and control products. The transaction was led by Corporate, Finance and Tax partner Ian Piggin, Jade MacDonald and Stephen Bowman with support […]

Tikit enhances UK sales team

To deal with growing client demand Tikit expands its sales team with the appointment of former IT Lab employee Craig Dootson.  Craig has vast experience of the IT industry having worked across multiple areas including licensing, thin client technology, cloud hosting and Office 365.

Cedarlake acquires majority share of BMF

Cedarlake Private Equity Fund I, advised by Rantum Capital, has acquired from Argos Soditic Funds the majority of BMF Group AG, the world’s third-largest ropeway manufacturer with more than 320 employees in Switzerland. Vischer advised Cedarlake and Rantum. The team led by partner Dr. Robert Bernet comprised Dr. Peter Kühn, Sebastian Flückiger, Ruben Masar, Aron […]

Pensions in 30 Podcasts, episode 27: Termination of employment and pension losses

By Ian Chapman-Curry Key Points Calculating pension loss can be complex, especially where the employee was in a defined benefit pension scheme. The Employment Tribunal service published a 2003 guidance note which suggested two methods for approximating pension loss without the need for actuarial advice, but this guidance has now been withdrawn. During April and […]

Ogier in Luxembourg advises Echo Energy on £20m bond issue

Ogier has provided Luxembourg advice to Echo Energy plc (Echo Energy) on the raising of £20m through an issue of bonds listed on the Luxembourg Stock Exchange Euro MTF Market. Echo Energy plc is a London listed Latin American focused mid-cap oil and gas company pursuing a high value piped onshore gas strategy across South […]

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European moves: 12 December 2013

All the latest partner hires and other appointments within Continental European firms and offices. Benelux De Brauw Blackstone Westbroek is joining German best friend Hengeler Mueller with an office in Shanghai, its second Chinese base (5 December 2013). The Shanghai office will open in mid-2014 and will be led by partner Gaby Smeenk. Smeenk, a […]

SJ Berwin
6

Davis steps down as KWMSJB London corporate head amid reshuffle

King & Wood Mallesons SJ Berwin’s (KWMSJB) City corporate head Steven Davis is to stand down after seven years in the position with legacy SJ Berwin. Partners Michael Goldberg and Richard Lever will succeed him as the London corporate group co-heads. Managing partner Rob Day said: “Steve’s done a couple of terms as London head […]

Rent as an expense of the administration: an update

We reported in our last newsletter that the High Court has granted permission in the Games Station administration on the question of the circumstances in which rent and service charges are to be treated as an expense of an administration.  The current position, following Goldacre and Luminar, is that rent and service charges payable in advance and which […]

Allen & Overy advises Merck on takeover

Allen & Overy has advised German pharmaceutical and chemical group Merck on its £1.6bn takeover offer of Luxembourg-based AZ Electronics Materials. The acquisition, contingent on the approval by antitrust authorities and a minimum acceptance level of 95 per cent of the shares, will boost Merck’s offering of speciality chemicals to the electronics industry.

Office holders’ liability for conversion

‘Conversion’ consists of an act of deliberately dealing with goods in a manner inconsistent with the owner’s rights to use the goods, thereby depriving the owner of those rights. It is not necessary for the offence to have been committed deliberately, only for the act of dealing with those goods to have been deliberate. Officeholders, […]

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