Ogier BVI has acted with Bryan Cave’s London office to advise a private investor group led by Peak Hotels & Resorts Group on the acquisition of international luxury hotel group Aman Resorts from DLF Global Hospitality, a subsidiary of listed Indian property developer DLF. The transaction attached an enterprise value of approximately $360m (£215m) to […]
Schoenherr is expanding its EU and competition practice with a reinforced and newly staffed office in Brussels. Volker Weiss, a partner in Schoenherr’s competition practice, will head the Belgium office. Volker Weiss has relocated from Vienna to Brussels, where he leads a team of EU and competition law specialists from Schoenherr’s CEE offices. Schoenherr has […]
Stefanie Stegbauer has been promoted to counsel at Schoenherr as of the start of February 2014. Stegbauer specialises in Austrian and European competition law and represents clients in antitrust and Phase 1 and Phase 2 merger control proceedings before both the Austrian Competition Authority and the country’s Cartel Court, as well as before the European Commission […]
DLA Piper has been involved in an Australian sports deal in Australia, which saw the firm advise English Premier League football club Manchester City on its recent acquisition of A-league football club Melbourne Heart. The 80 per cent acquisition completed last Friday, with the owners of the NRL’s Melbourne Storm taking the remaining 20 per […]
DLA Piper has advised one of Australia’s largest real-estate owners and managers, Investa Property Group, on its acquisition of a 50 per cent stake in Piccadilly Centre in Sydney’s CBD for AUD194.25m (£106m). The transaction will see Investa manage the office component of 133 Castlereagh Street, comprising a 32-storey A-grade office tower and neighbouring B-grade […]
When we sponsored the publication of the inaugural trust report — The Trust Deficit: Views from the Boardroom — in 2011, we did so as a response to the media and political fallout brought about by the financial crisis that gripped the world from 2008 and the shockwaves of which continue to be felt throughout the global […]
This update is produced by DLA Piper’s banking and finance litigation team and contains a summary of news and legal developments that have affected the banking and finance industry over the last month. Contents Domestic banking Domestic general European banking European general International banking International general Press releases Click on the link below to read […]
A misrepresentation is a statement that induces entry into a contract and that turns out to be false. English law recognises three different types of misrepresentation: fraudulent, negligent and innocent. It is possible to exclude or restrict liability for misrepresentation (although not fraudulent misrepresentation) although such a clause will be subject to the Unfair Contract Terms Act […]
Marshalling is an equitable remedy for achieving fairness between two or more secured creditors of the same debtor. Where the first creditor enforces its security against assets over which both hold security but not against assets over which it alone holds security, the second creditor may be entitled to use the assets over which the former […]
The Court of Appeal has delivered its judgment in the eagerly anticipated Game administration on the treatment of rent payable under a lease held by a corporate tenant that enters administration. When is the rent no more than a provable debt; and when does it rank as an expense of the administration? The position prior to the Court […]
On 18 December 2013, the European Commission decided to investigate alleged state aid by the UK into the nuclear new-build project at Hinkley point in Somerset. How has the UK responded to the opening of the investigation? First, the UK states that it fully supports achieving the common EU objectives of decarbonisation, security of supply […]
DLA Piper has appointed Tony Katz and Alexander ‘Sam’ Millar as partners in the litigation and regulatory group. They joined the firm on 5 March 2014 from Orrick, Herrington & Sutcliffe. Katz and Millar are financial regulatory lawyers with significant experience in contentious, non-contentious and complex investigations. They regularly advise and represent financial services clients […]