Three Payne Hicks Beach private client partners will leave the firm next month to set up a boutique private client practice. Louise Stoten, a partner at Payne Hicks for the last 10 years, will set up New Quadrant Partners along with partners Marcus Parker and Jane Bennett, who both joined the firm last year. They […]
British Airways (BA) has suffered a major blow in the Court of Appeal after it ruled that planned strikes by cabin staff who are members of the Unite union are legal. The union instructed Old Square Chambers silk John Hendy QC to go to the Court of Appeal after the High Court on Monday issued […]
US firm Reed Smith has snared seven real estate lawyers from the Pittsburgh office of Pepper Hamilton. The group comprises four partners and three associates, including former Pepper Hamilton executive committee member and real estate co-chair Dusty Kirk. She is joined by partners Sharon DiPaolo, Jeffrey Mills and Alan Sable, and associates Peter Kogan, Paul […]
Clifford Chance has advised the bookrunners in a €700m (£601.09) high yield issue by Obrascon Huarte Lain (OHL), one of Spain’s leading construction groups. The deal featured a US-style high yield covenant package. While such covenants have traditionally been the domain of US firms, Clifford Chance partner Stephen Roith, who led the team working on […]
Allen & Overy (A&O) and Clifford Chance joined a trio of US firms on Man Group’s $1.6bn (£1.1bn) acquisition of hedge fund GLG partners in a deal that has seen the creation of a combined entity with $63bn of assets under management. The tie-up has reportedly increased the value of Man’s portfolio by around 50 […]
If the brave new world of British politics is anything to go by traditionalists and modernists can coexist in harmony. Yet last week the High Court saw the beginning of a multi-million pound dispute rooted in a clash between modern property developers the Candy Brothers and the future King of England, Prince Charles, who infamously […]
SJ Berwin has lost its German head of EU and competition after Milbank Tweed Hadley & McCloy swooped for Alexander Rinne to launch its own European antitrust practice. Rinne, who will be joined at Milbank’s Munich office by associates Andreas Boos and Tatjana Muehlbach, has been with SJ Berwin since 2001. The departure leaves the […]
Weil Gotshal & Manges, Clifford Chance and Uria Menendez have claimed leading roles on Spanish telecoms operator ONO’s €3.5bn (£3bn) refinancing package. Corporate partner Marco Compagnoni led the Weil Gotshal team acting for around 70 per cent of ONO shareholders, including a number of private equity funds. Capital markets partner Peter Schwartz and tax partner […]
Two partners from Thomas Cooper’s Paris office have split to launch a five-lawyer shipping boutique. Peter Iglikowski and Lars Lewis, the founding partners of Lewis & Co, launched the shipping practice in May along with three associates: Guillaume de Bascher, Leïla Esnard and Michel Ferrer. The firm will advise on French and English law for […]
Herbert Smith and Slaughter and May have taken lead roles on Prudential’s delayed $21bn (£14.6bn) rights issue, which will provide part funding for its acquisition of American International Group’s (AIG) Asian insurance arm AIA. A multi-jurisdictional Herbert Smith team is advising underwriters Credit Suisse, HSBC and JPMorgan Cazenove on the 11-for-two issue, which was launched […]
Moscow newcomer Dechert has scored a coup by hiring Clifford Chance’s local head of litigation and arbitration. Ivan Marisin has joined Dechert’s four-strong dispute resolution team as a partner, bringing with him counsel Vasily Kuznetsov and associate Alexander Sidorov. Marisin had been at Clifford Chance in Moscow since 1992, where he represented domestic and international clients, most notably the Bank […]
Nabarro’s gaming team has advised Sportingbet on its £343m move from AIM to the main market. Sportingbet’s prospectus was published on 28 April and the company is expected to be admitted to the London Stock Exchange on 14 May. Corporate partner Graham Stedman led on the deal for Nabarro’s longstanding client along with senior associate James Archibald. Oriel Securities, […]