DLA Piper has advised long-standing client Investa Commercial Property Fund on its full acquisition of the Maritime Trade Tower at 201 Kent Street, Sydney. Invest Commercial Property Fund has purchased the additional 50 per cent of the property for AUD173m (£94m) from DEXUS Property Group. The acquisition is the latest in a string of Invest […]
Allen & Overy has advised 21st Century Fox on its sale of Sky Italia and its 57.4 per cent stake in Sky Deutschland to BSkyB for a total consideration of $9.3bn (£5.5bn) in cash and assets. The sale includes approximately $8.6bn in cash and BSkyB’s 21 per cent stake in National Geographic Channels International, raising […]
DLA Piper has represented Clarion Partners in its sale of LMF Frisa Comercial, a commercial real-estate joint venture, to partner Frisa, a Mexican real-estate investment group. The transaction closed on 10 July and is valued at $207m (£122m). Clarion, a New York-based investment company, had owned 50 per cent of LMF Frisa Comercial, which includes […]
Wragge Lawrence Graham & Co has announced the results of its legacy firms Wragge & Co and Lawrence Graham for the financial year to 30 April 2014. The combination has created a £172m turnover business delivering profit of £58.6m at a margin of 34 per cent. The turnover figure comprises £121.2m from legacy Wragge & […]
Shearman & Sterling has triumphed in a decade-long arbitration battle for Yukos shareholders against the Russian state – but at what cost? Litigation is expensive – but turning to arbitration instead is seldom any cheaper. That has been proven in spades by the decision last week of a tribunal sitting in the Hague to award […]
Shearman & Sterling has secured the largest award ever handed out by an arbitration tribunal, with the Russian Federation asked to pay out $50bn (£29.bn) in damages to shareholders of oil company Yukos. The award, rendered on 18 July in the Hague, also sees Russia ordered to pay $60m in legal fees after a decade […]
Average profit at Southampton-headquartered Moore Blatch fell sharply in 2013/14, from £344,000 in 2012/13 to £133,000. The firm’s equity spread also saw significant reductions, with the bottom of equity falling from £234,000 to £92,000 and the top of the equity reducing from £346,000 to £145,000. The 30-partner firm’s net profit stood at £1.4m, a profit margin […]
Despite a curiously low-key approach by Vodafone to its recent group and UK panel review, there have been some changes to the roster. Most prominent was the appointment of Eversheds, which joined the existing line-up of firms including DLA Piper, Linklaters, Norton Rose Fulbright, Osborne Clarke, Olswang and Slaughter and May. Wragge Lawrence Graham & […]
Shoosmiths has worked with longstanding client Scanlans Property Management to recover more than £4m of service charges and ground rent for its clients throughout the UK over the past five years. The move comes after Scanlans set out to further reduce service charge arrears by passing uncollected amounts to Shoosmiths achieving prompt payments and releasing […]
Ogier Fiduciary Services’ performance and reward management team has partnered with QIC to create a successful share plan that helps motivate, retain and incentivise QIC employees by enhancing their benefits package. QIC is an insurer and reinsurer in the Gulf region. This new form of remuneration is said to be an attractive way for QIC […]
Barrister Nageena Khalique from No5 Chambers has appeared in United Lincolnshire Hospitals NHS Trust v N (by her litigation friend the Official Solicitor) [2014] EWCOP 16. Khalique was instructed by the official solicitor and represented the protected party (N). N is a woman in her early fifties who suffered a sub-arachnoid haemorrhage and severe brain […]
Two of No5 Chambers’ human rights barristers — S Chelvan and Ian Brownhill — recently spoke at the Public Law Project Conference in Manchester. The Hon Mr Justice Stewart, Queen’s Bench Administrative Court liaison judge for the northern and eastern circuits, opened the event and a number of eminent speakers addressed a packed audience of […]