Conyers Dill & Pearman has provided Bermuda legal advice to Bank of America in connection with a $3.1bn (£1.9bn) sale and repurchase agreement related to the $10.5bn acquisition by Amgen of Onyx Pharmaceuticals. David Cooke, Jason Piney and Chiara Nannini of Conyers’ Bermuda office worked on the transaction alongside Shearman & Sterling (New York).
Specialists from seven of Shoosmiths’ teams have worked together to help the Allied London acquire the ITV Granada television studios in a partnership with Manchester City Council called Manchester Quays. Members of the law firm’s real-estate, planning, litigation, banking, corporate, tax and environmental teams acted for the property development and investment company. The Shoosmiths team was […]
Shoosmiths has announced the appointment of Rory Tait as a partner to head its energy group. A commercial lawyer, Tait is a renewable energy specialist who has advised energy developers and sponsors on commercial contracts, regulatory matters and power purchase agreements encountered in renewable and sustainable energy projects. He regularly acts for both leading players […]
There was a time, not too long ago, that London’s litigators were proud to be working in a city widely regarded as the libel capital of the world. There was a time, not too long ago, that London’s litigators were proud to be working in a city widely regarded as the libel capital of the […]
Vicky Mann, privacy law expert at Eversheds, has commented on the news that hidden cameras may form part of a proposed new care home inspection regime in England. Mann said that although hidden cameras may prove valuable in tackling issues around abuse and neglect in the care home system, their use ‘must be balanced against organisations’ […]
A recent High Court decision has confirmed that relief is potentially available for professional mistakes that amount to a minor departure from the ordinary and proper standards expected of the profession. The decision reinforces the fact that the onus is on the claimant to show a connection between the professional’s breach and the loss suffered […]
Barclays’ head of compliance and regulatory relations Hector Sants, who was brought in from the Financial Services Authority (FSA) to help overhaul the bank’s ties with regulators, is taking a temporary leave of absence 10 months into the role. A spokesperson for Barclays said Sants is due back in January and confirmed that he is […]
Diane Forster, head of recoveries services compliance at Shoosmiths, has warned businesses to be aware of the impact of new regulatory developments that have recently come into force. Forster was speaking at a client compliance forum — hosted by the national law firm — on various developments, including the transfer of consumer credit regulation from the […]
By Suzanne Burrell The European Court of Justice (ECJ) has ruled on the validity of age-related contributions in a money purchase pension scheme, confirming they are permissible provided they can be objectively justified. A recent case considered by the ECJ — HK Danmark v Experion A/S — concerned a pension scheme in Denmark set up for employees, […]
These obligations cover several aspects, from isolated acts that come under the umbrella of general loyalty to acts to be accounted for with regard to non-competition requirements. The employment contract gives rise to mutual obligations to be respected by both parties. The principal obligation of the employee is to execute the tasks for which he […]
Allen & Overy’s Luxembourg office is set to receive a new video art piece from Mark Lewis as part of its art sponsorship programme. This is the third piece of video that the law firm has purchased for its collection. The selected video is called Forte! The whole art collection will be donated to the […]
Governor Jerry Brown has signed into law a bill that extends the deadline to serve a prevailing wage penalty assessment on employers. AB 1336 amends the California Labor Code, extending the 180-day prevailing wage assessment deadline to no later than 18 months from completion of the project or acceptance of the public work, whichever occurs last. […]