Ogier has won the Citywealth International Financial Centres Law Firm of the Year Award 2014 for Jersey. The awards were announced in London on 23 January 2014 and highlight the excellence of advisers and managers in the private wealth sector. The awards, which are in their third year, were judged by an international panel of respected practitioners across […]
Ogier in the British Virgin Islands (BVI) has advised NASDAQ-listed special-purpose acquisition company Infinity Cross Border Acquisition Corporation on the BVI legal aspects of its proposed business combination transaction with Glori Energy, an oil technology company that deploys its proprietary AERO system to significantly increase oil production from mature oil fields. Following completion of the transaction, which values Glori at […]
Kirkland & Ellis (K&E), Cadwalader Wickersham & Taft, Simpson Thacher & Bartlett, and Allen & Overy (A&O) are part of a 10-strong legal team that has advised on the restructuring of German auto-repair company ATU. The mammoth deal has left private equity company KKR with losses of around €500m and a minimal stake in ATU […]
The season of LLP accounts is still with us. As these stories show, private practice law firms are recording variable results. You can also search on our financial management page to find out more Eversheds accounts reveal £8.5m spent on restructuring and leases LLP analysis: top firms’ figures laid bare Burges Salmon sees cash rise […]
I’d broken my no lunch rule, just before Christmas. A few mouthfuls of delicate and delicious Vitello Tonnato, a client called and I had to leave. Completions at lunchtime. The curse of the property lawyer. By this point I can feel your incredulity. No lunches? But it’s true. My eating out is generally done at […]
Public services provider Amey has decided against setting up a formal panel of legal advisers in favour of an informal referral system with a set of ten preferred firms, following its merger with Enterprise in 2013. The panel shakeup follows the exit of Enterprise group legal director Mark Sanderson who joined Severfield-Rowen after the merger. Sanderson […]
Allen & Overy (A&O) has lost longstanding corporate partner Don McGown, who pushed forward the magic circle firm’s music programme, to Hogan Lovells. McGown was at the magic circle firm for 25 years, most recently advising 21st Century Fox on its $10bn spin-off from Rupert Murdoch’s News Corp. He will join Hogan Lovells’ corporate department […]
Bolton-headquartered insurance firm Keoghs has put 41 staff at risk of redundancy following a restructuring of its counter-fraud team. The firm’s Coventry office is expected to be hit hardest by the potential job losses, which are faced by both support and fee-earning staff in the counter-fraud department. The firm would not confirm how much longer […]
The London Stock Exchange published AIM notice 38 on 27 January 2014, which consults on a number of proposed changes to the AIM Rules for Companies and AIM Rules for Nomads. What are the principal proposed changes? … If you are registered and logged in to the site, click on the link below to read […]
The government has been consulting on proposals to enhance corporate transparency. Draft legislation is expected shortly but there is more than a strong possibility that the current relaxed approach to beneficial ownership and nominee directors may be about to change. Corporate finance professionals, intermediaries, funds and corporates will need to confront a less flexible regime… […]
Eversheds construction expert Michael Conroy has commented on projections for UK construction jobs over the coming years, describing them as ‘exciting yet bold’. He said: ‘If the last five years are anything to go by, it is a bold call to estimate the size of the workforce at the end of the coming five years. […]
Crowdfunding as a way of securing investment is beginning to gain ground on both sides of the Atlantic. What are the current regulatory requirements and how is this likely to change? Investment-based crowdfunding involves an entity seeking modest subscriptions from a large number of people, typically through a website operated by an authorised firm, as […]