Transport (Including aviation and shipping)

train

Three firms make the grade in Network Rail’s slimmed-down panel

Network Rail has more than halved its panel in the past six years, with the latest review seeing three firms wins spots until 2024.  The spots have been taken by Dentons, Addleshaw Goddard and Eversheds Sutherland and will be in place until 2024. The contract is worth £70m. Stuart Kelly, group general counsel at Network […]

Flybe

Morgan Lewis’ latest recruits come good as firm joins trio on Flybe sale

Herbert Smith Freehills and Morgan Lewis & Bockius are representing a consortium in its rescue of troubled Flybe Airways for £2.2m. The consortium is formed by Connect Airways, a joint venture company owned by Cyrus funds, Stobart Aviation and Virgin Atlantic. Morgan Lewis partner Georgia Quenby has been leading for Connect and Cyrus, along with […]

Heathrow

Seven firms win places on Heathrow’s legal panel

Freshfields Bruckhaus Deringer and Eversheds Sutherland are among the firms to have won places on Heathrow Airport’s slimmed-down roster. The company’s general counsel Carol Hui, who featured in The Lawyer Hot 100 in 2014, has appointed seven firms to the panel. The last review saw the appointment of 11 firms, with Blake Morgan, Brodies, DLA Piper and […]

London Underground

TfL kicks off first panel review in six years

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, […]

London Underground

Transport for London cuts legal spend but three-year bill approaches £50m

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 […]

Gowling WLG advises Oxbotica on multimillion Pound funding boost

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 advises Aves One AG on a senior facility refinancing

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 […]

train

Four firms score £1.5bn sale of Network Rail property

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 […]

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