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Clifford Chance and Latham & Watkins have scored mandates on the acquisition of a stake in Heathrow Airport by Saudi Arabia’s sovereign wealth fund PIF and Ardian. The Lawyer has learnt that Latham advised its long-standing client, the PIF. The Lawyer understands the relationship manager for the PIF is UAE-based finance partner Harj Rai, who […]
Hogan Lovells has secured a victory for the London Metal Exchange (LME) after US-based hedge fund Elliott Associates and energy trading company Jane Street Management brought a novel judicial review that sought damages for cancelled nickel trades. On 8 March, an unprecedented spike in the price of nickel during the early hours of trading drove […]
Four core firms have won places on the inaugural legal panel of Laser Digital, a digital asset business backed by Nomura. The company has named Allen & Overy, Simmons & Simmons, Ashurst, and Jones Day to its roster. Ehsan Haque, head of legal and compliance UK at Laser Digital, ran the panel process with input […]
The Solicitors Regulation Authority (SRA) has fined a UK firm in excess of £100,000 after it was found to have not taken steps to mitigate sanctions risk in historic conveyancing transactions. Ashfords, which has offices in Bristol, Plymouth, Exeter and London, was subject to an SRA investigation after reporting itself to the regulator in 2019. […]
Lesley Wan will join All Africa Capital from First Bank of Nigeria (FBN) Bank as general counsel and company secretary. The GC held the role at FBN since April 2018, and previously worked as corporate counsel at Lloyds Banking Group for 11 years. Her first move in-house was to Bayerische Landesbank in 2005. She trained […]
Two partners from Akin Gump Strauss Hauer & Feld have left the firm, having joined 10 months ago to build out its private credit credentials. Fergus Wheeler and Paul Yin are moving to Latham & Watkins. Wheeler’s move to Akin from White & Case was announced in January, followed by the news a month later […]
A tax partner from Macfarlanes is moving over to Kirkland & Ellis, less than two weeks after the US firm made another hire into its team. Ceinwen Rees joins Kirkland after nearly six years at Macfarlanes, where she made partner on return to the firm in 2018. Rees worked as a solicitor at Macfarlanes in […]
Kirkland & Ellis has lost another partner to Paul Weiss’s burgeoning London office, this time in intellectual property. Partner John Patten is set to move firms and join his former Kirkland colleagues at Paul Weiss. IP specialist Patten has been at Kirkland since 2018 and was promoted to its partnership in 2021. His practice focuses […]
In-house legal functions can often be seen as an added cost to a business. Staff know that lawyers exist in their organisation, but only because of the annual GDPR training or to put out fires when crises arise. They may not really understand what they do. This perception is one that general counsel at the […]
A £5bn class action against Playstation developer Sony has been given approval to proceed to trial. In a judgment released today (21 November), the Competition Appeal Tribunal (CAT) certified the opt-out class action brought by consumer rights expert Alex Neil, represented by Milberg, on behalf of millions of Playstation customers. Neil claims that Sony, defended […]
Slaughter and May has appointed new co-heads for its financial institutions and technology practices amid an internal practice leadership reshuffle. Highlighting the importance of technology advice across all sectors, the firm has established a technology cross-stream practice, which will be helmed by corporate partner James Cook, competition partner Jordan Ellison and tech expert Rob Sumroy. […]
The Supreme Court has put an end to a long-running dispute between The Independent Workers Union of Great Britain (IWGB) and Deliveroo. Ruling today, the Supreme Court justices said that Deliveroo riders were self-employed, and not employees of the food delivery giant. Its decision mirrors that of the Court of Appeal and High Court, which […]