Weil Gotshal & Manges has been left with one tax partner in London after Ropes & Gray hired its star tax partner Brenda Coleman. Coleman will take up her new role on Monday (16 December) after five years at the firm, which she joined in 2008 from Allen & Overy (A&O). She spent 11 years […]
Brecher managing partner Nicky Richmond is craving comfort food as the year draws to an end, and finds some of it at the Guinea Grill. By the end of the year, when I’m work-knackered and even more crabby than usual, I crave the warm fug of a cosy room, lots of dark wood, tartan carpet […]
Paul Hastings’ Hong Kong corporate partner and Greater China chair Raymond Li has emerged to be the owner of Hong Kong’s second-most expensive home, which is worth $95m. Li has paid HK$740m ($95m) for House No 8 at 28 Barker Road in the prestigious peak area, and paid mostly in cash, according to Wall Street […]
Kuwaiti property company St Martins has bought the More London estate from London Bridge Holdings for an estimated £1.7bn, marking one of the UK’s largest-ever commercial property deals. The 13-acre real estate portfolio includes a number of landmark buildings around the London Bridge area, including City Hall. Other tenants include Ernst & Young, Norton Rose […]
Berwin Leighton Paisner’s (BLP) employment head Fraser Younson is leaving the firm today after seven years at the firm, The Lawyer understands. The former McDermott Will & Emery and Baker & McKenzie partner is understood to have resigned from two weeks ago. Former Jones Day employment litigation head Lisa Mayhew will take over as the […]
Allen & Overy has advised JP Morgan Securities in connection with the capital increase of ThyssenKrupp, raising gross proceeds of approximately €882.3m (£742m) in a private placement via an accelerated book-building procedure. ThyssenKrupp issues 51,448,903 new shares from authorised capital to German and international institutional investors at a price of €17.15 per share. The offering represents approximately 10 […]
On 13 December 2013, Allen & Overy’s Madrid office will host a meeting of the under-40s group of the Spanish Arbitration Club. Elena Gutierrez, leading counsel of the Madrid Court of Arbitration, will speak on best practices in international arbitration and what not to do. The event has been organised by senior associate Jose Luis Terron and associate Victor Bonnin from Allen & Overy’s global […]
Allen & Overy has announced the appointment of Stephen Lloyd as a private equity partner in its London corporate group. Lloyd joins from Ashurst, where he was managing partner of the London corporate department from 2009 to 2012 and global head of corporate from 2012. His practice focuses mainly on private equity; however, he has considerable experience […]
Federal regulators have voted to approve the ‘Volcker Rule’, more than two years after the rule’s proposal in 2011. The Fed, FDIC, OCC, CFTC and SEC issued adopting releases and jointly approved a final rule that generally includes tougher restrictions on banking entities’ proprietary trading activities than those proposed in 2011, but expands the types […]
Eversheds has advised Southwark council on London’s first district heating system, harnessing energy from waste, to heat 2,500 homes. In a project developed by Veolia Environmental Services, the South East London Combined Heat and Power Plant (SELCHP) will supply excess heat and hot water to 2,500 homes across Bermondsey and Southwark. The project is intended […]
Simmons & Simmons’ has published its LLP accounts for 2012/13, revealing that it substantially tightened up its financial management over the course of the year. The firm reduced its work in progress (WIP) income by £286,000 in 2012/13, after witnessing an increase of £1.1m in 2011/12. The firms debtor results were just as positive, decreasing […]
A heavyweight roster of firms along with the British Government swung into action in a Texas courtroom last week to help BP challenge a US ban on it bidding for federal government contracts. The lawsuit, heard in a Texas federal court, was filed by BP this August to challenge an action by made on 28 […]