DLA Piper and Nabarro have acted on a £150m senior debt portfolio financing by Cornerstone Real Estate Advisers with investor and developer UK & European Investments. The portfolio consists of six properties in central London and the south east. Cornerstone is a subsidiary of US insurance company Mass Mutual. The £150m loan comprises nine- and […]
DLA Piper Weiss-Tessbach has advised a consortium of banks under the leadership of UniCredit Bank Austria on the funding of a hydroelectric power station in the Tyrolean valley Stanzertal. A total of €41.5m (£34.9m) in the form of a non-recourse loan was provided for the construction project. The power plant project, in which five Tyrolean […]
Proposed data protection reforms have been the subject of much discussion, debate and lobbying since the draft regulation was first issued in January 2012. Much concern has been expressed about many of the proposed provisions, in particular the right to be forgotten, compulsory breach notification, the requirement for explicit consent, and increased fines that could […]
Jeremy Bouch, an experienced white-collar criminal litigation solicitor, has joined Shoosmiths as a senior associate. Bouch, who will be based in Birmingham, has particular expertise in the financial sector, defending investigations and proceedings by the Financial Conduct Authority, HM Revenue & Customs, the Department of Business, Innovation & Skills and the Serious Fraud Office. He […]
Corporate and finance lawyers from Walker Morris have advised Finance Yorkshire on a loan with profit participation investment in Chameleon Technology. Chameleon, based in North Yorkshire, develops in-home energy devices to help customers monitor and reduce their energy consumption. It is the first business to benefit from a new type of investment from Finance Yorkshire called ‘loans […]
Business gurus might wag their fingers and tell firms to do X and Y, but everyone knows that nothing beats the inside scoop. So, at your service, we got the real story on the insurance giant’s much-awaited panel review. We won’t lay all our cards on the table just yet (for that, you’ll have to […]
By David Nancarrow, Alyson Eather and Celeste Koravos On 8 September 2013, Tokyo was chosen as the host city for the 2020 Olympic Games. Tokyo is set to host the Games of the XXXII Olympiad from 25 July to 9 August 2020 and the Paralympic Games from 25 August to 6 September 2020. DLA Piper’s Tokyo […]
By Mabel Lui and Esther Leung As part of its Simplification Series to improve disclosures in IPO cases, the Hong Kong Stock Exchange (SEHK) has issued a new guidance letter (GL64-13) on improving disclosures in (i) the ‘How to Apply for Hong Kong Offer Shares’ (HTA) section in prospectuses and (ii) White and Yellow Application […]
The news that Freshfields and Herbert Smith have settled a £140m professional negligence dispute with London Underground Limited has deprived the world of seeing Justin Fenwick QC, Tony Grabiner QC and Tim Dutton QC in action on the biggest claim ever filed against a major law firm. Fight fans will be disappointed. Client cares Revealed: […]
How law firms successfully targeted places on Aviva’s panel, with go-getting GC Monica Risam calling the shots Monica Risam is not the type of in-house lawyer to hang about waiting for others to take the initiative. After moving from General Electric in June 2011 she had been in post as Aviva’s general counsel for Europe […]
England’s leading group of in-house lawyers is facing a commercial battle with its own professional body for the training market following a recent split over independence. The Commerce & Industry Group, which has 6,000 corporate and individual members, divorced from the Law Society earlier this year, sacrificing an annual grant in favour of being able […]
In-house lawyers at global food conglomerate Heinz are facing redundancy in the UK and Ireland after the ketchup-maker cut 600 office positions across the US. Sources have told The Lawyer that a number of senior people within Heinz’s legal team are looking to leave the business after it was made clear that their jobs were […]