DLA Piper has represented the underwriters for Trupanion, a medical coverage provider for pets, in its $82m (£48m) initial public offering (IPO) on the New York Stock Exchange (NYSE), which included shares sold upon exercise of the underwriters’ option to purchase additional shares. The DLA Piper team representing the underwriters in the Trupanion IPO was led by partner […]
Satinder Hunjan QC, head of the clinical negligence group at No5 Chambers, has accepted an invitation to become the patron of the Child Brain Injury Trust (CBIT). CBIT will be holding an event at the Saatchi Gallery in Chelsea, London, on 24 July between 12:30 and 14:00, to celebrate original artwork created by children with an […]
Jack Phillips, defended by Michael Anning of No5 Chambers, has admitted robbery, possessing a firearm with intent to commit robbery and possessing a prohibited weapon and has been spared jail by recorder Michael Elsom, who says his age and the fact others had told him to carry out the act made it an exceptional case. […]
Robin Johnson, head of diversified industrials at Eversheds, has commented on the CBI Industrial Trends figures. According to Johnson, manufacturing remains strong notwithstanding the figures, and the UK’s standing as an innovative provider of high-quality, niche, technical R&D solutions ‘is being cemented throughout the world’. However, Johnson added, sterling is ‘a notable issue and is affecting […]
Eversheds senior associate Muhammad Anum Saleem has commented on the opening of the Saudi Arabian stock market, saying that allowing investors to own shares directly will ‘spur the concept of activist shareholders’. He observed that the opening of the Saudi Arabian stock market has been gradual, initially allowing the GCC nationals to participate, followed by […]
DLA Piper has represented TubeMogul, an enterprise software company for digital branding that provides a video buying platform to advertisers, in its $43.8m (£26m) initial public offering (IPO) on the Nasdaq Global Select Market. The DLA Piper team representing TubeMogul was led by partner Peter Astiz, global co-head of the firm’s technology practice, and partner Mike Torosian and […]
Conyers Dill & Pearman has provided BVI and Cayman legal advice to Koradior Holdings Ltd on its $72m (£42m) offering and listing of shares on the main board of the Hong Kong Stock Exchange. Founded in 2007, the company is a high-end ladieswear company in the PRC and has a nationwide network of 274 retail […]
Allen & Overy has said that Deutsche Bank’s €355m (£281m) multi-loan CMBS transaction, the first in Europe since the credit crunch, points to improving conditions within the European CMBS market, which has been markedly slow since 2007. The three commercial mortgage loans were granted by Deutsche Bank to Italian borrowers (both real-estate funds and companies). […]
Wragge Lawrence Graham & Co’s energy team has advised longstanding client Carron Energy, part of Welsh Power Group, on its disposal of three power response businesses. Carron Energy sold the businesses — Darent Power, Level Power and Rhymney Power — to Alkane Energy for £12m. Gareth Baker, director and corporate energy sector specialist from Wragge Lawrence […]
Peter Goatley of No5 Chambers has successfully obtained planning permission on behalf of Gladman Developments for 150 new homes at Leonard Stanley in Stroud District. The site is located outside the AONB but close to its boundary and the council sought to argue a number of points of objection based on landscape impacts. The decision by the inspector, […]
Richard Gibbs from No5 Chambers is defending one of three defendants charged as part of a £1.6m conspiracy to evade tax on the importation of tobacco. HMRC seized the tobacco in the form of cigarettes and hand-rolled tobacco from addresses in Wolverhampton during 2012 and 2013. Shahab Ali, represented by Gibbs, is charged together with […]
Eversheds has commented on the UK chancellor’s statement summarising the key elements of the Treasury’s response to its consultation on the changes to tax rules for defined-contribution (DC) pensions. Francois Barker, head of pensions at the law firm, said: ‘The decision to require independent organisations to deliver the promised guidance guarantee to members as they […]