Issues

Eversheds advises Aimia Foods on sale of share capital to Cott Ventures

Eversheds has advised the shareholders of Aimia Foods (Holdings) Ltd on the sale of the entire share capital of Aimia to Cott Ventures Ltd, a subsidiary of Cott Corporation . The purchase price includes the payment of approximately $79m (£47m) at closing, $33m in deferred payments in September 2014, and on target earnout consideration of $21m, with […]

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2Birds loses aviation case over delayed passenger compensation

Bird & Bird has lost an appeal for airline Jet2.com against a delayed passenger in a ruling which could pave the way for millions of airline compensation claims. Bott & Co today won compensation for Ronald Huzar, who was delayed for 27 hours on his way from Malaga to Manchester. Today the Court of Appeal […]

Fall in cash use sees pressure to reduce card use costs for retailers, says Eversheds

Tim Buckingham, partner and financial services expert at firm Eversheds, has commented on The British Retail Consortium’s (BRC) report that cash use in the UK has fallen 14 per cent in five years.  He said: ‘While the BRC considers that banks are still levying “unjustifiably” high charges for using cards, there is a clear and fundamental difference between […]

Eversheds joins forces with Knight Turner and announces new office in Durban, South Africa

Eversheds continues to expand its operations in Africa by joining forces with leading Durban-based law firm Knight Turner. The affiliation will see the independent Durban firm re-brand as Eversheds KZN with a dramatically expanded scope and reach of its product offering, while retaining its reputation for personalised service. The move follows the formation of Eversheds’ Pan-African strategy, […]

DLA Piper advises senior debt providers on management buy-out of Education Personnel

DLA Piper’s London debt finance team has advised Crédit Agricole Corporate and Investment Bank, GE Corporate Finance Bank SAS, HSBC Bank plc, Investec Bank plc, Lloyds Bank plc and The Royal Bank of Scotland plc (the ‘Senior Club’) on their provision of senior debt finance to Education Personnel Holdco Limited and its subsidiaries. Incumbent sponsor Graphite Capital sold Education […]

Allen & Overy research reveals growing business support for UPC

Research published by Allen & Overy demonstrates surprising support for Europe’s hotly debated Unified Patent Court, with almost three-quarters (74 per cent) of those responsible for overseeing preparations for the new system expecting it to be positive for their company — and only 15 per cent expect it to have negative consequences for them. While on the big question […]

Allen & Overy advises on $5.5bn STAR Rafineri project financing

Allen & Overy has advised on on the $5.5bn (£3.3bn) STAR Rafineri project financing — Turkey’s largest ever project financing. The firm said that the STAR Rafineri underlined growing demand from lenders to participate in Turkish infrastructure and energy financings. According to Allen & Overy, the deal was not only significant because of its size, but […]

Collyer Bristow announces promotion of six lawyers as part of review

Collyer Bristow has promoted six lawyers as part of its 2014–15 review. The changes see Janine Alexander and Peter Daniel both promoted to partnership. Alexander joined the dispute resolution team in 2008 and specialises in financial disputes and construction matters, acting in claims against banks regarding derivatives and other complex financial products and in disputes […]

Schoenherr hires Rosario Sapuppo as head of Italy desk in Istanbul

Rosario Sapuppo has joined Schoenherr as head of the newly established Italy desk in the firm’s Istanbul office. In this role, Sapuppo applies his expertise in corporate/M&A, foreign direct investment and international commercial law to support the growing number of Italian firms with business activities and/or investments in Turkey. In addition, Sapuppo draws on his […]

Leadership battle commences at Pinsent Masons

After 16 years with no contested leadership election at Pinsent Masons the firm confirmed yesterday that incumbent senior partner Chris Mullen is being challenged by head of construction Richard Foley for the four-year term as senior partner beginning next month. It’s the first of two elections at the firm this year. The role of managing […]