Clyde, DAC lead in £16 Million Insurance Win Paid Members Public
In Short: London's ExCeL exhibition center, along with other policyholders, won a key ruling that the COVID-19 national lockdowns triggered the "at the premises" clause in their insurance policies. This decision could pave the way for thousands of similar business interruption claims.
Freshfields advises in Ocean Deal Dive Paid Members Public
In Short: Lloyd’s Register is buying a majority stake in Ocean Technologies Group (OTG) from private equity firm Oakley Capital for £50 million. The acquisition will boost Lloyd’s Register’s maritime technology and services portfolio, with a particular focus on training for sustainable maritime practices.
Dickson, Mishcon advise in REIT Takeover Paid Members Public
In Short: U.S. investment firm Starwood Capital is buying British property trust Balanced Commercial Property Trust Ltd. (BCPT) for £674 million, offering shareholders a 21.5% premium. The deal aims to take the REIT private amid a tough real estate market.
Slaughter and May's Salary Bump Paid Members Public
In Short: Slaughter and May has hiked its newly qualified (NQ) solicitor salaries to £150,000, putting it on par with its Magic Circle peers but still trailing some U.S. firms in London’s highly competitive legal market.
A&O Shearman Hires Paid Members Public
Double bubble of hires for the new merged firm.
A&O Shearman Hires Paid Members Public
In Short: A&O Shearman has made strategic hires from Sidley Austin LLP in London, bringing on board two high-profile partners, Dan Graham and Paul Dunbar, to strengthen its global private equity practice following its recent merger.
Norton Rose Expands Insurance Practice Paid Members Public
In Short: Norton Rose Fulbright has hired Adriana Cotter in London, an insurance specialist from Eversheds Sutherland, as a partner to meet growing demand in regulatory and transactional matters, boosting its already strong corporate insurance team.
Linklaters and Norton Rose Fulbright Lead Defence in £319 Million Flight Compensation Case Paid Members Public
In Short: A £319 million claim, aimed at getting compensation for delayed British Airways and EasyJet passengers, hit turbulence in court when the judge grounded it, saying it was more about lining the pockets of the backers than helping passengers.
