Liverpool-based firm DWF has bagged a lead role advising Kwik Save on its £30m refinancing and expansion, acting opposite Linklaters, which retains Somerfield as a client despite the loss of its relationship partner. Supermarket chain Kwik Save is in the process of purchasing 40 further stores from Somerfield. The move follows the investment of £30m […]
Australian firm Minter Ellison has cast aside market pressure to advise online gaming company Betcorp on the £4.8m sale of its operations to Bodog Entertainment. The Australian firm has continued to represent the online gaming company despite UK firms such as Allen & Overy, Herbert Smith and Slaughter May having shunned the sector in the […]
More than half the nation’s law schools are now involved in pro bono work, new research reveals. A survey conducted by LawWorks, formerly known as the Solicitors Pro Bono Group, shows that 53 per cent of UK law schools now run pro bono projects. A further 12 per cent of schools are due to launch […]
Herbert Smith has won its first instruction from private equity house CVC Capital Partners through the firm’s alliance with Stibbe, bolstering both firms’ equity and capital markets practices. Herbert Smith senior associate Adam Wells and Stibbe head of corporate Heleen Kersten led the deal, which sees Dutch plastic pipe supplier Wavin float for e370m (£248.7m) […]
Clifford Chance, DWS handed roles on LSE sukuk flotation” />Clifford Chance and Denton Wilde Sapte (DWS) scored lead roles on the flotation of a $225m (£120.38m) Islamic bond, or sukuk, on the London Stock Exchange (LSE), only the second sukuk to have done so. The Sharjah Islamic Bank (SIB) issued the five-year term sukuk and […]
Linklaters has continued its dominance of the mining sector, with the firm understood to be advising Peruvian silver miner Hochschild Mining on its proposed IPO and listing on the London Stock Exchange (LSE). Linklaters corporate partners Charlie Jacobs and Stuart Bedford were in Peru last week at the same time as Hochschild announced it was […]
Sudanese lawyer and member of parliament Salih Mahmoud Osman is seeking to change Sudan’s legislation to bring the country’s state security forces within the rule of law. However, he faces an uphill struggle against an administration determined to protect its servicemen from prosecution for crimes including murder, torture and rape. Osman says: “We are talking […]
Lawyers have described the Competition Appeal Tribunal’s (CAT) judgment in a case where a merged company felt that the Competition Commission had asked for unreasonable measures to be undertaken while it approved the merger as “significant”. This is the first time the commission’s powers to impose interim measures have been tested in court. In particular, […]
Freshfields Bruckhaus Deringer and White & Case have made headway for future share offerings in the Republic of Kazakhstan, advising on the $2.03bn (£1.09bn) IPO of a Kazakh oil company. KazMunaiGas Exploration & Production (KMG), the third-largest producer of crude oil in Kazakhstan, raised around $2.03bn from an IPO that consisted of 23.1 million new […]
Lovells’ real estate team has received a boost after picking up new client Christian Salvesen, a European logistics company. Lovells advised Christian Salvesen on a £47.5m sale-and-leaseback arrangement with Carisbrooke Investments for a number of its UK properties. The deal closed in late September. Carisbrooke was advised by Herbert Smith, with real estate partner Jeremy […]
Clifford Chance is set to confirm Mark Campbell and David Dunnigan for another four years as heads of banking and capital markets. Partners were informed today that after the close of the nominations, no candidates had come forward to stand against the incumbents. There is now the formal process of a vote to confirm the […]
Allen & Overy (A&O), Baker & McKenzie and Cleary Gottlieb Steen & Hamilton have combined resources to conduct an extensive international survey on business regulation for the World Bank. They joined a slew of global law firms, with knowledge of business law spanning 175 countries, in contributing to the survey. The report aims to provide […]