Paul Hastings has hired a nine-strong team in New York and Washington, DC, led by Ashurst co-head of securities and derivatives Scott Faga and US managing partner Eugene Ferrer, to build its structured finance capability. Both Faga and Ferrer joined Ashurst from former ally firm McKee Nelson in 2009 as part of Ashurst’s launch in the US […]
Oil giant BP has agreed to pay $18.7bn (£12bn) to settle claims arising from the 2010 Deepwater Horizon oil spill, the biggest environmental penalty in history. If approved by a US federal judge, the payout will settle all federal, state and local claims relating to the disaster, during which 11 crew members aboard a drilling […]
Michael Conroy Harris, construction expert at law firm Eversheds, has commented on the latest UK construction output numbers. He said: “While the industry was always expecting a drop in activity due to the general election, it is a real positive that there hasn’t been a truly hard landing. ”The industry will now be eager to see […]
Conyers Dill & Pearman has advised Textainer Group Holdings Ltd, the world’s largest lessor of intermodal containers based on fleet size, in connection with the entry by Textainer Ltd, which is a wholly-owned subsidiary of the Company, on an amendment to extend the term and lower the interest rate on Textainer Ltd’s $700m five-year revolving […]
This week the Dentons and McKenna Long & Aldridge merger officially completed, cementing Dentons’ standing as the biggest law firm in the world. CEO Elliott Portnoy and chairman Joe Andrew tell The Lawyer about future merger plans and why their strategy will cement Dentons’ future in the legal world. It’s been a hefty first half […]
Sources close to Linklaters have been quick to comment on the “surprising” departure of managing partner Simon Davies, who revealed he will step down a year early to join Lloyds Bank on Wednesday (1 July). The managing partner of another UK top 20 firm said the announcement was “shocking news” and revealed the subject was […]
Chinese firm Shandong Deheng aims to raise up to RMB50m (£5m) by selling shares on a regional over-the-counter (OTC) market, in China’s first private placement funding deal by a law firm. The Qingdao-headquartered firm is set to be the first Chinese law firm to issue stock. The firm’s shares will be traded on the Qingdao […]
Chadbourne & Parke and King & Spalding have advised on the Islamic financing for a $2bn (£1.279bn) industrial gases project in Saudi Arabia to supply oil company Saudi Aramco. The project is being financed by a $1.7bn debt package from a group of 10 banks, and is the first industrial gases project to be financed […]
Sullivan & Cromwell and Wachtell Lipton Rosen & Katz have advised on insurance company Ace’s $28.3bn (£18.1bn) acquisition of rival Chubb Corporation. Sullivan & Cromwell’s senior chairman Rodgin Cohen acted for Zurich-based Ace in New York, along with corporate partner Andrew Gerlach. Partners David Spitzer and Marc Trevino handled tax and executive compensation and benefits […]
Among the wealth of content at this September’s Business Leadership Summit currently filed under the heading “don’t miss”, few will be more pertinent to many people than the session on new career paths in the legal market. “Adapting and planning for the workforce of the future”, will focus on the range of new career opportunities […]
The Competition and Markets Authority (CMA) has promoted senior director of sectoral regulation Michael Grenfell to executive director following Sonya Branch’s departure to the Bank of England. Branch left to join the Bank of England as general counsel five months ago, replacing outgoing Graham Nicholson (19 March 2015). The CMA’s antitrust senior director Ann Pope […]
Pinsent Masons officially opened its doors in Australia today alongside the announcement that it has hired infrastructure disputes partner Peter Megens from King & Spalding. Megens joins the firm from King & Spalding’s Singapore office where he has worked as a partner for the last two years. He joined the US firm in 2013 from […]