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Mergers & Acquisitions
Keen legal insight on the world of business mergers and acquisition
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Skadden takes front seat on GM's Saab sell-off
By Legal Week | June 17, 2009
Skadden Arps Slate Meagher & Flom has advised Sweden's Koenigsegg on its acquisition of General Motors' loss-making brand Saab. The deal, which was backed by Norwegian and US investors, saw Skadden field a team including City corporate finance partner Pranav Trivedi.
1 minute read
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Wembley legal chief blows final whistle on tenure
By Legal Week | June 17, 2009
Wembley Stadium's head of legal and corporate affairs Darren Berman is stepping down from his role at the company. The move comes as the Football Association (FA) integrates with subsidiary companies including Wembley National Stadium Limited (WNSL). Alistair Maclean, previously the FA's head of legal services, has been appointed as the group legal director and company secretary for the newly-restructured FA Group.
1 minute read
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BLP completes redundancy consultation with 85 staff laid off
By Legal Week | June 17, 2009
Berwin Leighton Paisner (BLP) has completed its redundancy consultation, with the firm laying off 85 members of staff. More than half of the cuts (47) were compulsory, with 32 staff opting for voluntary redundancy and six choosing to take early retirement.
1 minute read
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Gibson Dunn set for Sao Paulo office launch
By Legal Week | June 16, 2009
Gibson Dunn & Crutcher is set to launch an office in Brazil - joining the growing ranks of law firms with bases in Sao Paulo. The firm is set to relocate one of the three New York-based co-chairs of its Latin America practice group, Lisa Alfaro, to head the new office, which will launch as soon as it receives a licence.
1 minute read
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Simmons makes up quartet to partnership in promotions round
By Legal Week | June 16, 2009
Simmons & Simmons has announced its new partner promotions, with the firm making up just four following a partnership vote last night (16 June). The promotions, which were pushed back by several months, mark a significant drop on last year's round, when the firm made up 18 new partners.
1 minute read
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Pinsents transfers partner to Dubai to head up local corporate team
By Legal Week | June 16, 2009
Pinsent Masons has added a Dubai corporate head as the firm bids to boost its Gulf presence. Birmingham-based partner Alan Wood has transferred to the emirate to head up the local corporate team, with a brief to expand the firm's capabilities in the region. The firm has not previously had a local leader of the group, which was launched in June 2008 and until now consisted of just two associates.
1 minute read
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Hannes Snellman becomes first to quit 'fiercely competitive' China
By Legal Week | June 16, 2009
Leading Finnish law firm Hannes Snellman is in the process of closing its Beijing and Shanghai offices, making it the first foreign firm to pull out of China in the wake of the global economic slowdown. Tomas Holmberg, a Helsinki partner heavily involved with Hannes Snellman's China practice, said the weakening economy had led the 250-lawyer law firm to narrow its international strategy and focus more on the Scandinavia and Russia markets. "In challenging times like these, you have to make decisions about where to deploy your resources," he said.
1 minute read
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Greenberg secures trophy hire of Maher for London launch
By Legal Week | June 15, 2009
US firm Greenberg Traurig is to launch in London with the hire of former Mayer Brown heavyweight Paul Maher. Maher is joining the Miami firm with two other Mayer Brown partners - corporate partner Fiona Adams and former European environment head Cate Sharp. He joins the firm as chairman of a separate UK limited liability practice to be called Greenberg Traurig Maher, and will also co-chair the US firm's global M&A practice.
1 minute read
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Appleby secures Isle of Man launch with local merger deal
By Legal Week | June 15, 2009
Appleby has become the first global offshore firm to launch an office on the Isle of Man with a merger with local firm Dickinson Cruickshank. The tie-up, set to go live on 1 October, will gift Appleby an additional 38 lawyers, including 11 partners, taking its total partnership to 73 across its nine offices.
1 minute read
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CC, Sullivan and Skadden lead on $13.5bn Barclays sell-off
By Legal Week | June 12, 2009
A trio of transatlantic firms have landed plum roles on the $13.5bn (£8.2bn) sale of Barclays' global investment arm to US money manager BlackRock. Blackrock is purchasing Barclays Global Investors - which includes asset management business iShares - for $6.6bn (£4bn) in cash and the remainder in stock.
1 minute read
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