Hogan Lovells and Pinsent Masons have scored roles on a deal that will see NatWest purchase nearly £2.5bn worth of Metro Bank’s residential mortgage portfolio. The two firms are the latest to get involved in recent transactional efforts made by Metro Bank to bolster its finances and manage potential risks to its clients and shareholders. […]
Millions of people around the world will tune in to the opening ceremony of the Summer Olympics in Paris this evening. With both the Olympics and Paralympics set to dominate headlines over the coming weeks, we climb to the top of the 10-meter platform for a deep dive into one of the firms that specialises […]
Clifford Chance and Slaughter and May are both cashing in on longstanding ties to PLC clients with Informa’s proposed acquisition of Ascential. Clifford Chance is leading for FTSE 100 company Informa, a UK heritage events business, on its acquisition of PLC rival Ascential – the operator of Cannes Lions and Money20/20. The deal is valued […]
Welcome to this week’s edition of The Hearing, your insider’s guide to the UK litigation market. This week, we bring you news about what disputes lawyers might expect to see at this year’s Summer Olympic and Paralympic Games, and explain why London’s courts may soon sound more international. First though, we look at why commercial […]
A claim has been filed in the High Court by a Malaysian music festival organiser against indie pop band The 1975. Future Sound Asia, the organisers of the Kuala Lumpur Good Vibes Festival where The 1975 played last year, has submitted the claim for breach of contract. The 1975 made headlines for the performance after […]
Paul Weiss Rifkind Wharton & Garrison has recruited its first restructuring partner in London, hiring from Akin’s City office. Liz Osborne joins Paul Weiss’ burgeoning ranks as a partner and head of the European restructuring group. She has been at Akin since 2014 when she moved over as part of the Bingham McCutchen team. Prior […]
Mishcon takes on HSBC’s high-net-worth arm for BVI investment client HSBC Private Bank – the arm reserved for high-net-worth individuals – was hit by a part 7 provision of financial services claim in the Commercial Court on Friday 19 July. The claim, which seeks monetary damages from the defendant, has been brought by Mishcon de […]
TLT’s latest recruits bring the firm’s future energy team to 120 lawyers – with some familiar faces rejoining in time for the next phase of growth.
Does anyone need any confirmation of the gradual takeover of the City by rampaging US law firms? No, thought not. If, however, your answer is yes, then more evidence of the Americanisation of London can be found in the upcoming edition of the UK Corporate 50. Much of the focus in this year’s report is […]
TSB in £375m Northern Rock mortgage class action British bank TSB is set to appear before the Business List of the Chancery Division today (22 July) for a four-day hearing set to deal with the repercussions of its inheritance of Northern Rock mortgages in 2016. Hogan Lovells is to defend TSB against class representative Donna […]
The much-vaunted deal between Japanese conglomerate Softbank and British-based AI-chip innovator Graphcore comes at a pivotal time for the tech sector. The deal, understood to be valued at more than $500m, closed last week, shortly after the installation of a new Labour Government and when no definitive answer exists as to what AI regulation might […]
Akin Gump has recruited three of Cooley’s London partners, including its City managing partner Justin Stock. Stock moves to Akin along with Stephen Rosen and David Bresnick. The three focus on transactions with a life sciences and technology element. At Akin, Stock will become the firm’s international head of technology. Both Stock and Bresnick joined […]