Regulatory partners expect a busy 2016 as EY figures show UK regulators have ramped up the number of fines and sentencing for corporate wrongdoing.
Third lateral hire of the week: Paul Hastings appoints Clifford Chance corporate partner in Frankfurt
Following two major hires in the City this week, US firm Paul Hastings has turned its attentions to Frankfurt with the addition of Clifford Chance corporate partner Bernd Meyer-Witting.
News in brief – November 2015
SLAUGHTER AND MAY WIPES £600M OFF BA SUIT
Litigators at Slaughter and May have successfully struck out around £600m from a claim against client British Airways. The airline is one of several airlines facing a cartel damages action from flower importer Emerald Supplies and 564 other shippers. In October the Court of Appeal disagreed with Justice Peter Smith’s decision to adjourn a strike-out application against the economic tort claims and reduced the £1bn claim to £400m.
Herbert Smith counters Thierbach loss with King & Spalding hire
Just over a month since news broke that its high-profile capital markets head Steve Thierbach was leaving, Herbert Smith Freehills (HSF) has appointed King & Spalding’s Tom O’Neill to head its US securities practice.
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Linklaters cashes in on Chinese bond sales with central bank’s international debut
The capital markets team at Magic Circle firm Linklaters has secured four bond issue mandates from Chinese banks as China’s president, Xi Jinping, makes his first state visit to the UK.
King & Wood Mallesons departures continue as Ashurst hires Hong Kong corporate heavyweight Joshua Cole
King Wood & Mallesons (KWM) is to lose senior corporate partner Joshua Cole from its Hong Kong office to Ashurst.
Watson Farley hires Clyde & Co corporate partner Nigel Taylor
Watson Farley & Williams continues to build its City offering through lateral hires, by hiring Clyde & Co corporate partner Nigel Taylor to join the firm.
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Gibson Dunn swoop for HSF capital markets duo boosts English law capability
Gibson, Dunn & Crutcher’s appointment of Herbert Smith Freehills’ (HSF’s) capital markets duo Steve Thierbach and Chris Haynes is an important step in building the firm’s English law transactional capability.
Thierbach, who was HSF’s global markets chief, is one of the City’s most established capital markets lawyers. His hire, along with corporate partner Haynes, comes as part of Gibson Dunn’s wider corporate play in London.
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Weil Gotshal, A&O and Freshfields advise on Worldpay float
Weil, Gotshal & Manges, Allen & Overy and Freshfields Bruckhaus Deringer have all picked up work advising card payment services provider Worldpay Group as it sells shares on the London stock exchange.
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Dealwatch: Sullivan & Cromwell’s City office and CC advise on nearly £6bn worth of deals
Sullivan & Cromwell’s City office has been busy this summer winning roles on two headline deals announced yesterday [8 September], working alongside Clifford Chance (CC) on both Cinven’s £2.3bn sale of pharmaceuticals group Amdipharm Mercury Company (AMCo) and advising Goldman Sachs on Mitsui Sumitomo’s £3.5bn Amlin purchase.