Norton Rose takes lead on HSBC rights issue

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

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Hammonds to trim 20 from its partnership

Hammonds is to cut up to 20 partners as part of a sweeping review that will see the firm’s partnership reduced by more than 10 per cent. The firm is blaming poor economic conditions for the cuts. It is understood that negotiations are already underway. Managing partner Peter Crossley (pictured) said: “We’ve been reviewing partner […]

Building bridges

In restructuring property finance, enforcement is not your only option, says Nicholas Crocker In the current economic climate the most commonly cited cause of borrower default is breach of loan to value (LTV) covenants. It has recently been said that anyone who in the last few years bought at above 70 per cent LTV is […]

NYC elite secure mandates on AIG restructuring

Davis Polk & Wardwell, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk & Wardwell, Simpson Thacher & Bartlett, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG. Davis Polk corporate […]

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Clifford Chance to cut 115 London support staff jobs

Clifford Chance to cut 115 London support staff jobs” class=”inline_image inline_image_left” src=”/pictures/web/images/16549_cc-london90.jpg” />Clifford Chance is looking to lay off up to 115 business services staff in London after a review of its support staff needs. The firm currently has around 1,200 business services staff based in London, with the number including all employees other than […]

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