Tesco commits to BLP for real estate
Supermarket giant Tesco has gifted Berwin Leighton Paisner (BLP) with another three-year stint as its lead property adviser. The mandate was last extended in 2014 when Tesco dropped Ashurst from its panel and the extension is a further endorsement of BLP’s key practice area and low-cost Manchester base.
Tesco also uses Freshfields Bruckhaus Deringer for corporate and commercial work and the Magic Circle firm recently advised the supermarket as it signed a deferred prosecution agreement and agreed to pay the Serious Fraud Office £129m in fines relating to a 2014 profit misstatement, avoiding prosecution after a two-year investigation. Allen & Overy, Hill Dickinson and Squire Patton Boggs are also among Tesco’s regular advisers. Continue reading “Significant matters – Spring 2017”