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K collateralised loan obligation (CLO) managers have adapted their risk retention structures in response to the EU referendum vote, effectively ‘Brexit-proofing’ their structures in the event of a full Brexit where UK firms do not continue to enjoy financial passporting rights into the EU.
Continue reading “Brexit proofing – protecting the UK securitisation market”
The UK has long prized its reputation as an attractive place to do business. Successive governments of all persuasions have consistently taken measures to make sure the UK has the most competitive corporate tax regime across the G20. With its low headline corporate tax rate and generous rules on deductibility of interest compared to other G20 partners, the UK has been ideally positioned as a place for businesses to invest and thrive. Continue reading “Debt finance in the UK – still open for business?”
The thorny issue over whether to grant the Solicitors Regulation Authority (SRA) full independence from the Law Society continues to prove divisive as the former has this week directly appealed to the government to execute the plans.
Dentons is still working to finalise its tie-up with Australian firm Gadens almost a year after announcing the merger, and has confirmed Gadens’ Melbourne office is now unlikely to join. Continue reading “Dentons Australia tie-up delayed as Melbourne office expected to break off”
Dentons has advised opposite new Warsaw firm Radzikowski, Szubielska & Partners on Liberty Global’s purchase of Poland’s number three cable operator, Multimedia Polska for $760m. Radzikowski was formed earlier this year after Chadbourne & Parke’s Warsaw office slpit from the US firm in May.
Months after the collapse of BHS, Sir Philip Green has revealed that Olswang and Grant Thornton charged purchaser Retail Acquisitions Limited a collective £8.4m for the transaction.
Continue reading “Olswang and Grant Thornton charged £8.4m for BHS sale, Sir Philip Green claims”
Following its double partner hire from Irwin Mitchell last month, Osborne Clarke (OC) has recruited the head of Addleshaw Goddard‘s employee incentives group Michael Carter, who leaves the firm after eight years.
Clyde & Co‘s insurance head Simon Konsta will become the firm’s new senior partner, following an uncontested election, on 1 November. Continue reading “‘Ready for the next phase of our growth’: former Barlows head Konsta elected Clyde & Co senior partner”
Baker & McKenzie has hired 10 lawyers including five partners to its Zurich office, boosting the firm’s presence in the Swiss financial centre to 130 lawyers. Continue reading “Baker & McKenzie bolsters Swiss offering with ten-lawyer team hire”
King & Wood Mallesons (KWM) has elected Frankfurt partner Michael Cziesla as EUME senior partner, defeating Dubai-based disputes partner Tim Taylor QC in the race between two legacy SJ Berwin veterans. The election was triggered after Stephen Kon’s early resignation last month.
Clifford Chance (CC) and Allen & Overy have taken lead advisory roles on the $3.3bn acquisition of Allegro Group, Poland’s largest online marketplace and non-food shopping destination, to funds trio, Cinven, Permira, and Mid Europa.
Nextlaw Labs, the legal tech platform launched by Dentons last year, has invested in two legal startups, alongside venture funding company Seedcamp.
High-profile City arbitrator Juliet Blanch is set to leave Weil, Gotshal & Manges, while UK hires this week have come for Ince & Co and DAC Beachcroft, and Taylor Wessing strengthened its European tax offering with a double hire.
Continue reading “Revolving doors: UK hires for Ince and DAC as disputes head Blanch leaves Weil”
Law firms with substantial personal injury businesses have mixed views as the Ministry of Justice (MoJ) has put the brakes on George Osborne’s personal injury reforms.
Simmons & Simmons has announced credit-investment platform Alterest Investment Technologies, hourly car-insurance provider Cuvva, banking platform RailBank and invoicing firm Tallysticks as the first four recipients of free legal advice through its new fintech fund.
Continue reading “Fintech boost: Simmons picks first recipients of free legal advice”
White & Case has promoted 40 in an increased partnership round with eight made up in the City. This year’s bumper global round increased by 29% on the previous year when the firm made up 31, with eight made up in the City.
Nominations are now open for the biggest showcase of talent in the industry, the Legal Business Awards 2017, so now is the time to put forward your outstanding teams and individuals.
Winston & Strawn has hired Middle East M&A heavyweight Campbell Steedman from White & Case to head up the firm’s practice in the region.
Continue reading “Middle East moves: Corporate heavyweight Steedman to exit White & Case”
Herbert Smith Freehills (HSF) took home £1.9m for legal advice in the seven months between 14 January and 13 July 2016 before settling the Nortel Networks bankruptcy case. Legal adviser fees in the long-running administration had already reached more than £2bn earlier this year.
Continue reading “‘Seminal mandate’: HSF takes home £1.9m in seven months for Nortel settlement”
White & Case has continued its rapid expansion in London with the firm set to bring in Clifford Chance (CC) corporate partner Patrick Sarch, head of the Magic Circle firm’s global banks sector team.
Continue reading “White & Case makes major corporate play with Clifford Chance partner Sarch”
