Transactions UK

  • July 01, 2022

    Mishcon Tapped To Aid Striking Barristers Over Gov't List

    The Criminal Bar Association has instructed Mishcon de Reya LLP to look into whether it was lawful for the Ministry of Justice to instruct court staff to keep a list of the barristers taking strike action over inadequate government funding for the justice system.

  • July 01, 2022

    Mayer Brown Guides £640M Pension Deal For Smiths Group

    British engineering giant Smiths Group PLC has offloaded £640 million ($770 million) of pension liabilities to insurer Rothesay Life, in a deal guided by Mayer Brown LLP and other firms.

  • July 01, 2022

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen a Belgian precious metals company going for gold in a claim against the Guinean Central Bank, the former nanny of Princes William and Harry seeking royal treatment in a case against the BBC, and betting company IG Index looking to hit the jackpot in a legal battle with property tycoon Robert Tchenguiz over unpaid debt. Here, Law360 looks at these and other new claims in the U.K.

  • July 01, 2022

    Mogul Says Fraud Loss Based On Atty's 'Grotesque Lies'

    An airline tycoon has sought permission to revive his attempt to set aside a $4 million fraud judgment against him, claiming at a London court on Friday that the ruling was the result of the "most grotesque lies and deceits" practiced in the English courts.

  • July 01, 2022

    Letting Atty Off Hook Will Weaken Disclosure, Ocado Warns

    An attorney for Ocado told a judge on Friday that failure to approve a committal application against a former senior Jones Day lawyer for instructing a client to delete a secure messaging system would "undermine" court search orders.

  • July 01, 2022

    Thommessen Leads Storebrand's Buy Of Danske Pension Unit

    Norwegian financial services company Storebrand Livsforsikring AS said on Friday that it has completed the 2.02 billion Norwegian kroner ($204 million) purchase of the Norwegian operations of a Danish pensions company from Danske Bank.

  • July 01, 2022

    Keystone Aids London Listing For SPAC Alteration Earth

    Special purpose acquisition company Alteration Earth PLC said on Friday that it has been admitted to the main market of the London Stock Exchange, as it seeks to acquire a business in the clean technology or clean energy sectors.

  • July 01, 2022

    What Emerging Superfunds Mean For Booming Pension Deals

    The retirement industry this year is expecting the first U.K. companies to begin transferring their pension liabilities into a new type of investment fund, issuing a new challenge in the booming market for pensions deals so far dominated by insurance buy-in deals. 

  • June 30, 2022

    Ex-Jones Day Atty Cops To Giving 'Burn' Order In Ocado Suit

    A former senior Jones Day lawyer testified at trial Thursday that he gave an order to "burn" a messaging application to protect his politician wife from being dragged into litigation brought by online grocer Ocado without considering the need to preserve communications.

  • June 30, 2022

    EU Clears GBL's €1B Kirkland-led Purchase Of Medical Biz

    European competition regulators gave a green light on Thursday to Groupe Bruxelles Lambert SA's €1 billion ($1.05 billion) purchase of a majority stake in Dutch medical services company Affidea Group BV from a Swiss investment company.

  • June 30, 2022

    Analytics Co. Ascential Acquires Intrepid For Up To $250M

    British digital analytics company Ascential said on Thursday that it has bought a Singaporean e-commerce company for a total of up to $250 million.

  • June 30, 2022

    Virgin Money To Buy Back £75M Of Shares

    Virgin Money disclosed in a statement to the London Stock Exchange on Thursday that it has launched a £75 million ($91 million) share buyback program.

  • June 30, 2022

    Abu Dhabi, GIP To Pay €7B For Stake In German Railcar Firm

    The Abu Dhabi Investment Authority and U.S. investment fund Global Infrastructure Partners have said they will acquire a 72.55% stake in a German railcar lessor for approximately €7 billion ($7.3 billion).

  • June 30, 2022

    FCA Will Need Upgrade If UK Merges Listing Segments

    Companies could be attracted to float in London rather than the U.S. or Europe if the standard and premium listing segments were merged and burdensome standards reduced — but lawyers are watching to see whether this could result in the loss of the sponsor role, which they fear could put too much pressure on the Financial Conduct Authority to police stock flotations.

  • June 29, 2022

    Spanish Renewable Energy Biz Eyes $209M IPO In Soft Market

    Renewable energy company Opdenergy Holding SA said Wednesday it plans to list on the Spanish Stock Exchange through an initial public offering that could raise $209 million, braving a potentially choppy market for new listings.

  • June 29, 2022

    Willkie Adds M&A Partner From French Boutique

    Willkie Farr & Gallagher LLP has recruited an M&A specialist in Paris in a bid to boost its profile among corporate clients in the largely private equity-focused office.

  • June 29, 2022

    SRA Fine Ceiling Jumps Despite Industry Pushback

    A U.K. legal regulator can now fine solicitors and firms up to 1,150% more for misconduct under new rules designed to leave only the most serious cases in the tribunals, a move that has been derided by the trade association for solicitors.

  • June 29, 2022

    Dentons, Freshfields To Retain 90% Of Trainees In Fall Hires

    Freshfields Bruckhaus Deringer LLP and Dentons both said Wednesday that they are poised to retain about 90% of their trainees in fall 2022, as U.K. law firms continue to reveal how many of their newly qualified solicitors will be staying on.

  • June 29, 2022

    Swedish Retail Giant H&M To Buy Back $300M Of Own Shares

    H & M Hennes & Mauritz AB will buy back up to 3 billion Swedish kronor ($294 million) worth of its Series B shares in cash, the clothing retail giant's board of directors said Wednesday after receiving authority at its 2022 annual general meeting earlier this year.

  • June 29, 2022

    Gov't Mulls Granting Parker's £6.3B Bid For UK Aerospace Co.

    A motion and control technology company said Wednesday it hopes to close its £6.3 billion ($7.6 billion) acquisition of Britain's Meggitt PLC after the U.K. government said it is inclined to accept adjustments to the deal addressing competition and security concerns. 

  • June 29, 2022

    IT Pro Was 'Stupid' To Obey Jones Day Atty's 'Burn' Order

    An IT manager testified at a trial on Wednesday that he was "stupid" to comply with instructions from a senior Jones Day lawyer to destroy a secure messaging system in an alleged attempt to conceal evidence of corporate espionage from supermarket group Ocado.

  • June 29, 2022

    White & Case Guides PE Funds' $590M Offer For Cary Group

    A Swedish automotive glass repair company said on Wednesday that it has been approached by two private equity funds for a cash offer of almost six billion Swedish kronor ($590 million) for the outstanding shares that they do not yet own.

  • June 29, 2022

    Reed Smith Hires Structured Finance Atty From BCLP

    Reed Smith LLP is hiring the former head of the derivatives practice at Bryan Cave Leighton Paisner LLP for its team in London in a move to strengthen its capabilities in advising the financial sector.

  • June 29, 2022

    Investor Eurazeo To Sell Remaining 51% In Trader Interactive

    Investment company Eurazeo said Wednesday that it plans to sell its remaining 51% holding in U.S.-based Trader Interactive to an Australian company, which specializes in online car advertising, for a total value of almost $2 billion.

  • June 29, 2022

    3 Ways Brexit Has Complicated UK Cross-Border M&A

    Britain's exit from the European Union did not freeze cross-border M&A activity in the way many had feared, but the split has complicated antitrust clearance and thrown up restrictions to foreign direct investment that now feature prominently for lawyers advising on deals.

Expert Analysis

  • A Look At UK's 1st Report On Security Regime For Deals

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    The U.K. government’s recent report on the National Security and Investment Act, covering its first three months since it came into force in January, suggests that the regime may not be leading to a surge in benign notifications and that the government is responding quickly, which is good news for businesses, say attorneys at Cooley.

  • What EU Changes To Dual Distribution Mean For Franchises

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    Following the European Commission’s adoption of the Vertical Block Exemption Regulation and accompanying vertical guidelines regarding dual distribution, which took effect this month, franchisors should examine their flow of information to and from franchisees to determine whether it must be restricted, say attorneys at Baker McKenzie.

  • How ESG Matters Are Influencing M&A Due Diligence Trends

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    With a proliferation of environmental, social and governance-related regulatory developments and a desire to comply with best practice, ESG matters have become an increasingly important area of focus for both clients and advisers in M&A transactions, say attorneys at Sullivan & Cromwell.

  • Changes To UK Competition Rules Will Extend CMA Powers

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    Recent amendments to U.K. competition and consumer law regimes introduce changes to merger control and antitrust investigations that will result in the speedier resolution of cases and greater autonomy for the Competition and Markets Authority, say Bill Batchelor and Aurora Luoma at Skadden.

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