Transport for London (TfL) has kicked off its first panel review since 2012, putting scrutiny on the eleven firms already on the roster. The panel is worth at least £86m to its chosen firms, with the eight-lot roster running for a minimum of four years. The firms will be given until 18 January to tender, […]
Zoe O’Sullivan QC and Abra Bompas represented McLaren Automotive Ltd in its successful defence of a claim for £22 million: CRS GT Limited v McLaren Automotive Ltd and others [2018] EWHC 3209 (Comm), Phillips J. CRS was a supplier to McLaren which had designed the successful GT4 road car. However, the parties had never concluded a […]
On 19 November 2018, AMAG Leasing AG closed its fourth Swiss auto lease securitization transaction involving the issuance by Swiss Car ABS 2018-2 AG (the Issuer) of CHF 250,000,000 Asset-Backed Notes with a coupon of 0.22 per cent, due in 2028. The Notes issued are listed on the SIX Swiss Exchange and are backed by […]
Transport for London’s (TfL) external legal spend dropped 7 per cent in 2017/18 to just over £15m, bringing its three year expenditure to nearly £50m, according to figures provided to The Lawyer. The transport agency’s legal costs for the 2017/18 financial year were its lowest for at least three years, a Freedom of Information request […]
International law firm Gowling WLG have advised client Oxbotica on its £14 million investment to accelerate the autonomous vehicle company’s international growth strategy. Following advisory from Gowling WLG’s Corporate, Finance and Tax team, mobile autonomy software developer Oxbotica has secured funds from three leading investors: IP Group plc, Parkwalk Advisors and AXA XL (formerly XL […]
Schoenherr successfully advised Aves One AG (“Aves One”) on its EUR 155m senior facility refinancing by entering into a new facility agreement with significantly improved commercial terms arranged by a consortium of leading German banks. As a result of this transaction, Aves has managed to optimise its financing structure and reduce its annual interest payments. “We […]
Clifford Chance, Eversheds Sutherland, Gowling WLG and Kirkland & Ellis have advised on the £1.5bn sale of Network Rail’s commercial estate to private equity giants Blackstone Property Partners and Telereal Trillium – the biggest investment programme in the railway since Victorian times. Clifford Chance and Eversheds both acted for Network Rail in its sale of a portfolio comprised […]
By Gordon Harris If a deal is reached ahead of Brexit, the indications are that a transition period would preserve the status quo for intellectual property (IP) until the end of 2020. This article explores the implications of a no deal Brexit, for IP regimes supporting the UK automotive sector. It explains what would not be […]
By Michael Makridakis, Jan Golaszewski, Dhanshuklal Vekaria, Denis Olarou The Grand Court of the Cayman Islands has decided that a minority shareholder may not pursue a winding-up petition in order to delay or prevent a Board approved privatisation of the company. It is an abuse of process to seek to use a winding-up petition, which […]
By Simon Schilder, Marie-Claire Fudge, Tiffany Ager Ogier has advised Shearwater GeoServices on the BVI legal aspects of its US$650 million acquisition of WesternGeco, forming a market leading marine geophysical company. An Ogier team led by partner Simon Schilder – including senior associate Marie-Claire Fudge and associate Tiffany Ager – advised on the BVI law […]
TLT has advised Mobile Windscreens, the UK’s largest independent vehicle glass replacement company, on its acquisition by Ryds Bilglas AB, a leader in Scandinavia. Mobile Windscreens reported revenues in excess of £40 million last year and has grown since it was established in 1971 to 35 fitting centres and a fleet of more than 230 […]
Freshfields Bruckhaus Deringer and Slaughter and May have won the top roles for luxury car brand Aston Martin as it unveils plans to float on the London Stock Exchange. Aston Martin turned to a team from Slaughter and May, led by partner Nilufer von Bismarck, working with partners Roland Turnill, Filippo de Falco, Jonathan Fenn and Steve Edge. The […]
