Defunct Icelandic bank Kaupthing has won its jurisdictional challenge to the High Court to have Vincent Tchenguiz’ £2.2bn claim against it heard in Iceland. However Icelandic lawyer Johannes Johannsson, a former member of the bank’s resolution and then winding up committees, will face a trial before the High Court in London, ruled Mrs Justice Carr […]
King & Wood Mallesons (KWM) has lost London-based private equity partner Simon Fulbrook to Goodwin Procter, while simultaneously adding private equity partner Laura Brunnen to its London office from Fried Frank Harris Shriver & Jacobson. Fulbrook is a debt finance partner with a focus on sponsor-side leveraged finance. He was made up to partner at King […]
Irwin Mitchell has completed its seventh acquisition since gaining its ABS licence through after merging with P&A Receivables Services. The new business will now trade as Ascent Commercial and will benefit from the addition of an international offering through P&A’s European and US clients. Chief executive Andrew Tucker said: “This is another important acquisition for […]
Lancashire County Cricket Club has instructed RPC to bring a legal challenge against NatWest and RBS over interest rate mis-selling. In its claim before the High Court, the club alleged the banks “failed to discharge a number of duties they owed to the club and that the club has suffered substantial losses as a result”. […]
The Criminal Bar Association (CBA) has launched a two-week ballot of its members on whether to launch direct action following news it would not strike alongside legal aid lawyers this week, despite widespread membership support. The ballot was sent to the CBA’s 4,000 members on Wednesday (1 July), the same day members of the London […]
Herbert Smith Freehills has turned over £815m in its second financial year since becoming a fully merged firm, a rise of just 2 per cent on the previous financial year. Profit was up by 12 per cent to £259.5m from £232m in 2013/14 (2 July 2014), with profit per equity partner (PEP) also up 8 […]
Schoenherr si Asociatii has won two awards from Romanian daily financial newspaper Ziarul Financiar. One of the awards was for Schoenherr’s role in advising on the main transaction in Romania’s banking (financial) services sector over the past 12 months, namely for having assisted the shareholders of Volksbank Romania in the unit’s sale to Banca Transilvania. Schoenherr’s […]
No5 Chambers are hoping to help Birmingham City Football Club rekindle their Premier League dream, after becoming an official Diamond partner of the club. The Blues are aiming to build on the feel-good factor generated by Gary Rowett’s appointment as manager in October last year, and are striving to return to the top flight of […]
Shoosmiths has announced the appointment of partner, Andrew Brennan, boosting the firm’s national intellectual property (IP) offering. Brennan, who has over 10 years’ experience, joins Shoosmiths from SGH Martineau’s IP and technology team, where he predominantly advised technology, manufacturing and education clients on contentious and non-contentious intellectual property and technology issues. Legal directories, Chambers and […]
The owners of Eesti Telekom, one of the largest telecommunication companies in the Baltics, have purchased IT company Green IT. The transaction awaits clearance from the Estonian Competition Authority, after which, Green IT will continue its activities as a separate company under its current trademark. Green IT, established in 2006, is a rapidly growing IT […]
Merged food giant Kraft Heinz has promoted deputy general counsel Jim Savina to general counsel following the union of the two companies earlier this year. Savina’s promotion was announced in a leadership lineup published by Kraft Heinz, and follows the departure of former general counsel Kim Rucker, who left Kraft after three years in the […]
Clifford Chance and Linklaters are the latest firms to have won mandates as General Electric (GE) stays on track to sell $100bn (£63.6bn) worth of assets by the end of the year. Clifford Chance represented GE Capital in the $2.2bn (£1.4bn) sale of its European sponsor finance business to Sumitomo Mitsui Banking Corporation Europe (SMBCE). […]