Irish firm Arthur Cox has been called in by the Irish Government to work on the nationalisation of Anglo Irish Bank. A bill is being heard in the Irish parliament today to enable the government to take control of the bank, which has been hit by a private loans scandal. Arthur Cox managing partner Pádraig […]
Howes Percival has made six fee-earners redundant in its residential conveyancing and remortgaging department. The partner responsible for marketing, Matthew Talbot said: “We have had to trim down in these areas, as you can imagine.” He said that all redundancies were made last week in the Milton Keynes office. He was unable to confirm claims […]
13:37Grabiner wasted no time in rubbishing the arguments put forward by shareholders, but – perhaps in deference to the aggrieved Geordies in court – he was not his usual flamboyant self. 16-January-2009, 13:37 Grabiner wasted no time in rubbishing all the arguments put forward by shareholders large and small, but – perhaps in deference to […]
Field Fisher Waterhouse (FFW) has cut 31 support staff after a redundancy consultation lasting two months. The consultation began on 14 November and involved 175 employees of the firm. The cuts come after a separate consultation in the firm’s real estate department last September, which saw five fee earners and six secretaries leave the firm […]
For insolvency lawyers the New Year parties are well and truly over as they delve head-first into what could be the busiest 12 months of their careers. In fact, 2009 could be remembered as the year of the insolvency as the number of businesses taken into administration, receivership, liquidation or any of the other more […]
K&L Gates has opened a new German office in Frankfurt with the hire of two Simmons & Simmons partners. The office will focus on corporate, M&A and finance, and will be led by Simmons partners Mathias Schulze Steinen and Frank Thomas. The Frankfurt office is K&L Gates’ second office in Germany, following the firm’s opening […]
Linklaters and Slaughters have been handed roles on RBS’s $2.34bn (£1.6bn) sale of its entire stake in Bank of China, raising $2.34bn (£1.6bn) for the troubled lender. Linklaters and Slaughter and May have been handed roles on Royal Bank of Scotland’s $2.34bn (£1.6bn) sale of its entire stake in Bank of China, raising $2.34bn (£1.6bn) […]
CMS Cameron McKenna has been instructed by RWE on a long-term joint venture with E.ON that will see the German utilities build nuclear power stations in the UK. The energy companies have teamed up on a 50:50 basis to purchase and develop sites being sold by the Nuclear Decommissioning Authority (NDA), with a view to […]
In these uncertain times, suppliers need to protect themselves against losing their biggest clients, say Jonathan Wheeler and John Adams. In recent months we have seen the demise of some of our best-known high street retailers such as Woolworths and MFI. With the closure of further high street names likely as more companies feel the […]
The credit crunch is causing a significant increase in activity for lawyers in asset finance. Leasee default levels have been relatively low since the early 1990s, when major insolvencies kept many lawyers busy for years. The credit crunch is causing a significant increase in activity levels for legal specialists in the area of asset finance. […]
A trio of US firms have snared lead roles advising on the merger of Morgan Stanley Wealth Management and Citi’s Smith Barney. Davis Polk & Wardwell partners George Bason, John Bick and Carole Schiffman led a team advising Citi on the joint venture with Morgan Stanley. Morgan Stanley instructed Wachtell Lipton Rosen & Katz partners […]
11: 19Once the wigs and suits had rooted themselves in court 76 of the Royal Courts of Justice there was barely room for the busload of Geordies to squeeze in. 14 January, 11:19 Once the wigs and suits had rooted themselves in court 76 of the Royal Courts of Justice there was barely room for […]