Despite Brexit, European law firms remain confident about London retaining its status as a prime global financial centre, and they cite a rise in restructuring-related work, regulatory advice and data protection issues
South African firm ENSafrica and Allen & Overy are leading on the business recovery of one of Africa’s largest airlines, South African Airways, saving it from collapse. ENSafrica’s chairman Michael Katz is leading for the airline on behalf of the National Treasury of South Africa, which manages its national economic policy. South African Airways is […]
Mayer Brown client P&O Ferries has dropped its claim against the Department of Transport (DfT) and Eurotunnel, after the ship operator decided not to challenge a settlement agreement between the parties. Acting for Eurotunnel, Freshfields agreed on a cash settlement of £33m in February, just hours before a trial over whether the DfT had breached […]
A Newcastle-based firm has gained a role in the latest Thomas Cook development, as 555 stores previously owned by the company look set to be acquired by a Sunderland-based travel agent. Muckle has advised Hays Travel on the acquisition of the stores around the UK, which will also include the incorporation of previous Thomas Cook […]
Ashurst has joined the throng of firms advising on the collapse of holiday group Thomas Cook, taking on the key role for the official receiver, KPMG and AlixPartners. Attempts to rescue Thomas Cook from insolvency failed overnight. Ashurst, which is advising the official receiver and special managers, has fielded a team led by restructuring head […]
Ince has hired the former head of Hill Dickinson’s global shipping practice as its new senior partner, marking the first person to take on the role since Ince’s pre-pack administration deal with Gordon Dadds last year. Julian Clark will take the position, over a year after Ince’s former senior partner Jan Heuvels stood down. Heuvels’ […]
A group of partners have resigned from Clyde & Co’s marine practice as they set out plans to go it alone and form a new boutique law firm, The Lawyer understands. The five partners include Ed Mills-Webb, who became a partner in 2010 at the firm. A Clydes spokesperson said: “We can confirm that Ed […]
The summer recess may be keeping the courts of action but there are still plenty of legal issues to digest from over the past few weeks. We’ve taken the chance to dissect some of the most interesting cases from the last month, including a solicitor being imprisoned for contempt of court and a shipping inspector emerging victorious in a watershed High Court ruling.
The Gordon Dadds group has hit back at the departure of Ince’s Monaco team to HFW, claiming the financial performance of its representation in the principality “can be improved by bringing in a new team”. The comments from the group come as Ince’s former lawyers in Monaco break away to join HFW’s new venture. Gordon […]
Stephenson Harwood is to lose another partner to a US outfit in the City, over a month after it was revealed that corporate finance partner Warren Allan is leaving for Proskauer Rose. Aircraft and rail finance partner Graeme McLellan is to join Greenberg Traurig. McLellan has been a partner in Stephenson Harwood’s asset finance team since […]
Clifford Chance is among the firms advising as Chinese conglomerate Fosun confirms its proposed rescue bid for airline Thomas Cook. The deal would see investment company Fosun inject £750m into Thomas Cook as part of a proposed recapitalisation and separation of the group. Corporate partner Tim Lewis and finance partner David Towers led from Clifford Chance […]
Dentons is advising Network Rail on its bid for the railway business of British Steel, a month after the UK steel producer collapsed into liquidation.
