Sequoia Economic Infrastructure Income Fund is a new Guernsey fund focused on the economic infrastructure sector. It expects to target investments in operational projects in the transport, transportation equipment, utilities, power, renewable energy, telecommunications infrastructure and infrastructure accommodation sectors. Guernsey firms advising were Ogier, who undertook the legal work, KPMG Channel Islands, who acted as […]
Following a competitive tender, Eversheds has been reappointed by Anglian Water as its principal provider for its legal services. Eversheds will continue to work with the water company across specific operational areas including employment, competition, pensions and property. The firm has worked with Anglian Water for a number of years. Partner Amrik Kandola led the […]
Karanovic & Nikolic’s banking & finance department has hosted a well-attended business briefing on non-performing loans. The discussion centered around the problems faced by banks in handling NPLs. Predrag Ćatić, a special adviser from the Serbian Association of Banks, gave a presentation on alternative ways of handling NPLs and Christopher Gwilliam, former CEO of the Slovenian […]
Severn Trent Services (STS), which operates in 25 states in the US, cut its external legal spend from $500,000 (£337,000) to $81,000 over two years to 2015. STS has renegotiated its sole provider deal with current panel firm Littler Mendelson to mean some fees will be paid on completion of the contract, based on performance […]
Scottish firm Gillespie Macandrew has revamped its management team to create the role of chief executive, with non-lawyer chief operating officer Chris West being first to fill the position. The chief executive position will replace that of managing partner at the firm, with West effectively taking over from managing partner Ian Turnbull when the latter […]
Ashurst has promoted nine women to partner in its 20-strong promotions round following its pledge last year to improve its gender diversity representation. In 2014 the firm promoted three women amid 15 promotions. Last summer the firm said it would ensure that 40 per cent of its promotions would be female by 2018 (4 June 2014). […]
Slaughter and May is advising Royal Dutch Shell on its recommended cash and share valued at £47bn to take over natural gas company BG Group, represented by Freshfields Bruckhaus Deringer. Slaughters commercial partners Roland Turnill, Hywel Davies and Rebecca Cousin are leading the team acting for Shell. Cravath Swaine & Moore partners William Rogers and […]
Macfarlanes has appointed five lawyers to its partnership, including two women, with another five lawyers promoted to senior counsel. The promotions round is 45 per cent smaller than 2014, when the firm made up nine partners in a record year (7 April 2014). However it is still one of Macfarlanes’ largest promotions rounds in the […]
Guardian Care Homes has instructed Hausfeld & Co to launch court proceedings against Lloyds over interest rate derivatives mis-selling, despite reaching a settlement with the bank in 2011 over Libor-rate manipulation claims. The care homes operator is asking for more than £8m from Lloyds in a consequential losses case, filed with the High Court in […]
Severn Trent’s US arm, Severn Trent Services (STS), has made savings of 75 per cent and 35 per cent over two years by resculpting its external legal panel in favour of bringing work back in-house. Senior counsel in Philadelphia Chris Turnbull reviewed STS’s legal panel last year in a bid to reign in costs. Employment […]
The former head of Linklaters’ Amsterdam employment and pensions team, Martijn van Broeckhuijsen, has launched his own firm in a continuation of the trend for boutiques in the Netherlands. Van Broeckhuijsen left Linklaters earlier this year and has now announced the launch of the boutique, Shearwaters. The firm will focus exclusively on Dutch corporate employment […]
Round World Entertainment general counsel Oli Shipton has taken on the additional role of partner at media and entertainment law firm Lee & Thompson. Round World Entertainment said that Shipton would continue as principal counsel for the company. Shipton has filled the role at Round World Entertainment since 2013, and was involved in advising across the group’s […]