Magic Circle firms Allen & Overy (A&O) and Clifford Chance have advised on the UK’s renminbi debut bond issue, the first for a non-Chinese sovereign and signalling the first steps of China’s currency internationalising.
Facebook and its founder Mark Zuckerberg are suing trans-Atlantic firm DLA Piper for its role in bringing a case which they allege was ‘based on fabricated evidence, for the purpose of extorting a lucrative and unwarranted settlement’.
Electricity and gas regulator Ofgem has renewed its E-serve panel until October 2016, securing the positions of eleven firms. The Ofgem E-serve Legal Services Framework Agreement, first established in October 2012 following a procurement process, was initially established for a period of two years until October 2014 with an option to extend.
Strong leadership is fundamental to driving innovation in law firms. This is not a discussion point. There is no discussion. This issue, Legal Business teamed up with Berwin Leighton Paisner (BLP) for an extended look at the role of leadership in a period of uncertainty and the strength of that core conclusion surprised even me.
The race by firms to establish a presence in Africa continues apace as Orrick, Herrington & Sutcliffe has today (20 October) announced the launch of an affiliated office in Abidjan, Cote d’Ivoire, the third-largest French speaking City in the world, while leading European firms Gide Loyrette Nouel and Cuatrecasas, Gonçalves Pereira have created a union of their Morocco practices in a bid to bolster their presence in one of North Africa’s most politically stable regions.