Two depart Halliwells in a fortnight

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Latest Briefings

SmartLaw 2.0 – The new future of law

By Brett Chalmers A few years ago, George Beaton published an influential e-book, NewLaw New Rules: A Conversation About the Future of the Legal Services Industry, that pulled together comments and responses he received from numerous legal thought leaders and experts about his NewLaw-focused blog post. The publication compared BigLaw, the traditional partnership-and-hourly-rates model, with NewLaw, an […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

Austria – Commercial agent’s trial for trial period compensation

By Andreas Natterer, Sara Khalil Earlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period. The ECJ’s decision (C-645/16) was preceded by the French Cour de Cassation’s request for a preliminary ruling on whether Art. 17 of Directive 86/653/EEC applies if the commercial […]

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nomura

This is the ninth deal Weil Gotshal’s UK office has acted on for Nomura’s corporate finance department – not least due to the lead lawyer on the transaction, Stephen Lloyd, spending five months at the investment bank on secondment from the firm. Although Weil Gotshal’s US office has counted Nomura as a client for more […]

Lovells team wins £70m for Abbey National in £460m leaseback deal

Lovells’ property team has steered Abbey National to a £70m profit in the first-ever sale and leaseback deal for a UK bank, worth around £460m. Abbey National has sold its branch network and offices and agreed a 20-year contract to occupy them on a flexible basis. The preferred bidder was Mapeley Columbus, backed by Soros […]

JLPBS

JLPBS Forbury, a joint venture between John Laing Property and the Bank of Scotland, acquires Energis House in Reading. Two leasehold interests were surrendered by Caradon and Energis. CMS Cameron McKenna advised JLPBS Forbury (David Saunders) and Caradon (Colin Jesson). Davies Arnold Cooper advised Energis (Ian Hunter).

Express Yourself

With Express Newpapers embroiled in a three-way takeover bid, Bal Khela discovers how the newspaper’s legal department sees the future Express Newspapers hit the headlines again last week after it became the target of a three-way takeover battle. The unsolicited bids came from Indian conglomerate The Hinduja Group, which is understood to have made an […]

FINANCE

Oil company Petroplus International closes euro150m (£88.6m) offering. Weil Gotshal & Manges advised Petroplus (Michael Brady, Paul Claydon, Erica Handling, Andrew Norwood) Latham & Watkins acted for the initial purchasers of the notes, ING Barings and Deutsche Bank

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