Schoenherr has advised Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) in the restructuring of the Volksbanken sector (‘Verbund’) and the continuation of ÖVAG as a run-down entity based on the new run-down regime under Austria’s newly implemented Federal Act on the Recovery and Resolution of Banks (BaSAG). As part of this restructuring process, ÖVAG’s stated capital and the issued […]
No5 Chambers has announced that three members have been appointed as panel members to the Crown. Richard Kimblin, member of the planning & environment and regulatory & licensing groups, will join the A Panel of Junior Counsel to the Crown. Shakil Najib, member of the commercial and public law groups, and Paul Joseph, member of […]
Specialist commercial public sector lawyers at Walker Morris have been appointed to advise Hull City Council on its procurement of an operator for its new 3,500-seat concert and exhibition venue adjacent to a planned hotel development. The Council’s ambitious proposals for a £42m events, conference centre and four-star hotel complex are part of a 10-year […]
Global advisory firm AlixPartners has hired American Airlines general counsel Kathryn Koorenny as managing director and general counsel. Koorenny is replacing former managing director and general counsel John Collins, who is stepping down after eight years to take on an academic role. Koorenny has 20 years’ experience in-house at American Airlines, and in her latest […]
Shoosmiths has advised Birmingham-based Scrivens Opticians and Hearing Care on the acquisition of Owl Optical for an undisclosed sum. The acquisition takes Scrivens to 178 branches across England and Wales and will further increase the retailer’s presence on the high street. Owl is an independent Midlands based optical retailer, owned by brothers Simon and David […]
Walkers has turned to rival offshore firm Mourant Ozannes for the hire of finance and corporate partner James Burch in the Cayman Islands. Burch joins Walkers less than a year after moving to Mourant Ozannes from Maples and Calder, where he headed the Singapore office (4 November 2014). He had previously been a partner at […]
Mayer Brown has become the latest international firm to court a leading Chinese firm. The US firm is soon to enter into an association with Beijing-headquartered Jingtian & Gongcheng in Hong Kong. The move coincides with the elite Chinese capital markets firm’s imminent launch of its first international office in the city. The move is […]
Mayer Brown is to enter into an association with Chinese firm Jingtian & Gongcheng in Hong Kong, as the Chinese firm launches its first international office in the city. The move is the latest manifestation of the convergence between the Chinese legal community and its international counterparts. It will see Mayer Brown JSM, the Asia […]
King & Wood Mallesons’ (KWM) average profit per equity partner (PEP) in Europe and the Middle East has skyrocketed by 39 per cent to £610,000 in its second financial year since it merged with SJ Berwin. The firm also saw turnover rise to £191m in the region, marking a 7 per cent increase on the […]
Foot Anstey has successfully defended an age discrimination claim brought against it by an ex-partner. The firm turned to CMS Cameron McKenna for the employment tribunal proceedings brought by former corporate partner Tracy Fennell in May (20 May 2015). Fennell claimed he was dismissed from Foot Anstey’s Bristol office on account of his age, which […]
DLA Piper advised Dixons Carphone on its foray into the US market through a 500-store deal brokered with US telecoms company Sprint, represented by Morrison & Foerster. Dixons Carphone completed the majority of the work involved in the deal through its in-house team, led by head of legal for group and connected world services Andy […]
An Irish MP has alleged that £7m in an account controlled by Ian Coulter, the former managing partner of Belfast firm Tughans, may have been intended to facilitate payments to a Northern Irish politician in connection to the sale of assets by the Irish National Asset Management Agency (Nama). The allegations were made by independent Teachta […]