Issues

Commission backs Law Soc training

THE LAW Society has won European Commission support for its legal training initiatives after meetings in Brussels earlier this month showed the subject was high on Europe’s list of priorities. Chair of the Law Society’s training committee Simon Baker and legal education and training group chair Richard King met with commission officials to discuss continuing […]

Sokolows and Arent Fox go their separate ways

PARISIAN practice Sokolow, Dunaud, Mercadier & Carreras has terminated its association with US firm Arent Fox Kintner Plotkin & Kahn, less than a year after the two joined to provide a Franco-American legal service. Jean-Francois Carreras, who had worked as a partner in both firms, left the New York office of the Washington DC practice […]

Nuclear protest

The Law Council of Australia has issued a statement condemning the French government for its programme of nuclear testing in the Pacific Ocean and calling on the country to cease testing until a determination is handed down by the International Court of Justice. The council, which made its statement with the support of the 22 […]

Close Brothers banks on Freshfields for rights issue

Freshfields’ work on the £53.4 million rights issue of UK merchant bank Close Brothers demonstrates the advantage of retaining acorn clients. They grow into oaks, as the bank’s value today testifies. Close, which started in 1979 as a £1 million management buy-out by three directors, now has a market capitalisation of around £360 million following […]

A Better Banker

The Law Society’s rules and statutory requirements for handling client or other third-party funds lay down stringent guidelines about the management of clients’ funds. Your bankers should be able to help generate methods to meet these with a minimum of administration on your part. We believe the bank’s main consideration should at all times be […]

Penningtons heads SA speaking tour

UK FIRM Penningtons will lead a delegation of European lawyers next month on a speaking tour of South Africa. Representatives from the European Law Group – which brings together firms in Belgium, Denmark, France, Germany, Italy, the Netherlands, Spain, Sweden and the UK – will speak at a series of one-day seminars to be staged […]

Planning for Asia

The International Bar Association will hold a meeting of its Asia Pacific Forum in Bombay later this year. The meeting, ‘New Business Oppor- tunities in India and Asia’, will cover topics including foreign investment, infrastructure development and reform in Asia. For further information on the conference, which is being held from 23 to 26 November, […]

Financings

Dibb Lupton Broomhead acted for UCB Invoice Discounting which provided working capital for the £2.8 million purchase by Tambalan of the Ross Consumer Products and technical services group.

Financings

Pinsent Curtis advised FKI on a syndicated £120 million revolving multicurrency and Sterling acceptance credit facility led by Barclays Bank. Clifford Chance advised Barclays.

Financings

Macfarlanes advised Morgan Grenfell Development Capital on the launch of its third-party investment fund

Financings

Pinsent Curtis in Leeds acted for Natwest Ventures on equity financing for the £17.5 million management buy-out of Tricom Automotive from Elcar SPA.

Nabarros warns users of IT liability pitfalls

Top 10 law firm Nabarro Nathanson has advised IT suppliers and users to check that insurance policies cover them for all their liabilities. Their advice comes through a report issued by Nabarros in response to a series of multi-million pound cases brought by users against suppliers such as ICL, Ernst & Young and Dun & […]