DLA Piper’s debt finance team, part of the finance and projects group, closed three major deals in the week ending 2 March 2014, indicating a significant increase in activity in the market. Firstly, the debt finance team advised RBS and Santander in the refinancing of facilities that supported Hutton Collins and Management’s acquisition of the […]
DLA Piper has acted for Nord LB on the financing of Lilbourne wind farm, developed by Energiekontor. Lilbourne wind farm is a 10MW site based in Northamptonshire, which was acquired by Energiekontor in summer 2013 and reached financial close on 18 February 2014. The turbine manufacturer is Senvion (previously known as REpower). The funding package […]
Barrister Nassera Butt from No5 Chambers represented a local surrogate in a partial surrogacy case in July 2013 before Mrs Justice King. The reported case tells of the caution to be applied where the parties have used ‘home’ insemination techniques not regulated by any licensed clinic and have not used specialist legal services for the […]
Stephenson Harwood’s non-executive supervisory council has re-appointed Sharon White as chief executive officer (CEO) for a second three-year term. The new term starts at the end of her current tenure on 30 September 2014. White has been at Stephenson Harwood since 1988 and became a partner in 1997. She has been CEO since 2009. On […]
Conyers Dill & Pearman has been named Offshore Firm of the Year at IFLR’s annual Asia Awards, which took place in Hong Kong. Conyers was also recognised for its involvement in the Focus Media take-private matter, which won Private Equity Deal of the Year. The $3.7bn (£2.2bn) privatisation of Focus Media Holding is, to date, […]
Allen & Overy has announced the appointment of Karan Dinamani as a partner in its London corporate group. According to the firm, the appointment underlines its commitment to growing its private equity practice. Dinamani joins from Ashurst and specialises in cross-border M&A and corporate finance transactions, with particular focus on advising private equity houses. He has worked […]
Ogier in the British Virgin Islands (BVI) has acted for Russian hypermarket chain Lenta in its recent initial public offering (IPO) on the main market of the London Stock Exchange and the Moscow Stock Exchange. Lenta, which is held through a BVI company, is a long-time client of Ogier BVI, with the office acting as […]
An administrator, liquidator or receiver must make a ‘prescribed part’ of the company’s net property available for the satisfaction of unsecured debts. The amount of the prescribed part will depend upon the amount of the company’s assets that are realised but is subject to a maximum of £600,000. The prescribed part must not be distributed to the […]
We all know that if an individual borrower is made bankrupt or dies or if a corporate borrower goes into liquidation or becomes dissolved, any receiver appointed (before or after the event) loses the agency relationship he or she would have previously had. While this termination does not prevent the receiver continuing from being appointed (if […]
For the second time this year, criminal courts across England and Wales emptied today as criminal barristers stage a full-day walkout in protest against the Government’s insistence on cuts to legal aid. The decision to down files follows a half-day walkout in January. Since then, anger against the Government and Justice Secretary Chris Grayling MP […]
The Serbian Ministry of Finance has passed new rulebooks on the form and content of tax balance and tax return for corporate taxpayers and sole entrepreneurs. In addition, the ministry has issued a separate rulebook that prescribes the arm’s-length interest rates for 2013 and an official explanation of the manner in which transfer pricing rules […]
DLA Piper has released the latest version (Volume 3, No.5) of The Financial Report, featuring news and analysis from across the financial sector. Contents Discussion and analysis News from the Americas News from Europe Global regulators US Securities and Exchange Commission developments US Commodity Futures Trading Commission developments US banking developments US judicial developments US […]