Pilipino Telephone Corporation (Piltel) is restructuring 98 per cent of its debt in a deal worth $850m (£602.9m

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Latest Briefings

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Draft legislative proposal introduces a minimum price for CO2

The Dutch government has published a draft legislative proposal for consultation that introduces a minimum price for CO2. The minimum price is introduced by way of a tax levied on electricity producers. The tax is levied per ton of CO2 emission. In the proposal, the tax rate per ton CO2 is calculated each year as […]

Adoption of unregistered land as highway

By Paul Weeks Unregistered land in unknown ownership can cause a headache on development and the extent of the issue will often depend upon what the land is needed for…

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LongAcre branches out into Sweden

Olswang’s technology, media and telecommunications corporate finance house LongAcre has moved into Sweden with the acquisition of Lommen Corporate Finance. `The acquisition marks the first step in LongAcre’s European expansion. Olswang chief executive Jonathan Goldstein said: “LongAcre was launched with the intention to build a pan-European corporate finance house. The London business is doing exceptionally […]

Holland & Knight chief steps down

US firm Holland & Knight’s Bill McBride has resigned from his role as managing partner following his decision to explore the world of politics. `McBride is considering whether to stand for the post of Florida Governor in next year’s elections. He feels that his plans are incompatible with retaining the role of managing partner. He […]

Herbert Smith appoints new Hong Kong chief

Herbert Smith’s Asian construction group head has been appointed managing partner of the Hong Kong office. `Mark Lloyd-Williams is to succeed David Willis who has served in the role since August 1997. Willis will return to the firm’s head office in London.`Willis said: “The Hong Kong practice has grown strongly over recent years. With Mark’s […]

UPM-Kymmene buys German-based paper producer G Haindl'sche Papierfabriken

UPM-Kymmene buys German-based paper producer G Haindl’sche Papierfabriken for euro3.85bn and sells two of Haindl’s mills to Norske Skog for euro1.1bn. Haindl advised by Gleiss Lutz Hootz Hirsch (Gerhard Wegen). UM-Kymmene advised by Hengeler Mueller Weitzel Wirtz (Julius Budde). Norske Skog advised by White & Case (Andreas Stilcken).

Lee & Pembertons

News in brief Lee & Pembertons has taken on property partner Edward Bliss from Maples Teesdale where he was a partner for 12 years. Bliss specialises in residential and commercial property. His arrival strengthens the firm’s property department which has been expanding since the firm moved to Victoria, London last year.

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