Waiting for Carney – hard times and hard choices for restructuring counsel

Waiting for Carney – hard times and hard choices for restructuring counsel

‘Restructuring types will tell you the market’s just about to take off. It’s all going to hell in a handcart – catastrophe just around the corner,’ says Peter Baldwin, partner and co-head of Ropes & Gray’s special situations practice. Baldwin’s comments, of course, carry more than a hint of irony as hardened insolvency practitioners have been confidently – and wrongly – predicting an explosion of demand for their services since the banking crisis, only to be frustrated by the New Normal of permanently low interest rates.

But while restructuring counsel have cut increasingly forlorn figures in recent years, like Beckett characters forever hoping for the arrival of their Godot – or at least a decent rate rise from Mark Carney – nearly ten years on from the global financial crisis, they wait still. Continue reading “Waiting for Carney – hard times and hard choices for restructuring counsel”

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

White collar specialists scramble in landmark prosecution

White-collar crime specialists have scrambled across the City as the Serious Fraud Office (SFO) last month charged Barclays and four former executives with conspiracy to commit fraud, false representation and unlawful financial assistance in arranging a £7.3bn Qatar funding deal at the height of the 2008 financial crisis.

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‘Hugely complicated’: Watson Farley, White & Case, A&O line up on $14bn shipping deal

‘Hugely complicated’: Watson Farley, White & Case, A&O line up on $14bn shipping deal

Watson Farley & Williams has advised a group of 27 international and local banks acting as financiers on a $14bn merger between shipping giants Hapag-Lloyd and United Arab Shipping Company (UASC).

The tie-up will create one of the five largest container shipping lines in the world, with 230 vessels and a combined turnover of around $12bn.

Continue reading “‘Hugely complicated’: Watson Farley, White & Case, A&O line up on $14bn shipping deal”

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

High-stakes: White-collar crime teams ready as SFO hits Barclays with landmark prosecution

City white-collar crime specialists have been drafted in as the Serious Fraud Office (SFO) today (20 June) charged Barclays and four former executives with conspiracy to commit fraud, false representation and unlawful financial assistance in arranging a £7.3bn Qatar funding deal at the height of the financial crisis – the first such prosecution of a bank.

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Insolvency and Restructuring: Responsive approach to clients needs

Insolvency and Restructuring: Responsive approach to clients needs

Restructuring and insolvency situations call for practitioners who combine thorough legal expertise with in-depth knowledge of the market and a strong focus on the clients’ needs.

Prager Dreifuss is one of the leading Swiss law firms for insolvency and restructuring, including over 40 lawyers and a total of around 80 employees at our offices in Zürich, Bern and Brussels.

With specialised experience ranging from M&A and banking and finance to dispute resolution, insurance law, private clients and tax, the firm is ideally placed to offer our clients a full and well-rounded service.

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The Finance View – Polish and range assured but does CC still have ambition to excel in the cut-throat levfin world?

The Finance View – Polish and range assured but does CC still have ambition to excel in the cut-throat levfin world?

Victoria Young and Georgiana Tudor assess the Magic Circle firm’s deal finance practice

‘Clifford Chance (CC)’s decline has been significant,’ one leading leveraged finance partner opines. ‘Ten years ago I would have pegged them as in the leading three or four in this space, but they are gently scaling down.’

Continue reading “The Finance View – Polish and range assured but does CC still have ambition to excel in the cut-throat levfin world?”

Linklaters advises technology giant SoftBank on launch of $100bn investment fund

Linklaters advises technology giant SoftBank on launch of $100bn investment fund

Linklaters has landed a significant mandate acting for SoftBank Group Corporation on the launch of the SoftBank Vision Fund, the world’s largest technology fund focusing on innovation including artificial intelligence (AI), robotics and mobile applications. Continue reading “Linklaters advises technology giant SoftBank on launch of $100bn investment fund”

Big leap forward? City reacts to Conservative manifesto pledge to scrap SFO

Big leap forward? City reacts to Conservative manifesto pledge to scrap SFO

Theresa May’s pledge to scrap the Serious Fraud Office (SFO) and incorporate it into the National Crime Agency (NCA) has dominated the City’s reaction to the release of the Conservative Party manifesto, which also makes clear the need for proper approval of bidders on M&A transactions.

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