Hardwicke Property Team’s Manchester Roadshow: easements and restrictive covenants

The Hardwicke Property Team are pleased to announce that the next Manchester roadshow will take place on Wednesday 1 March 2017.

The seminar will be chaired by John de Waal QC, and Simon Allison, Amanda Eilledge and Rupert Cohen will be taking a look at recent and proposed developments in relation to easements and restrictive covenants.

Speakers:

  • John de Waal QC
  • Amanda Eilledge
  • Simon Allison
  • Rupert Cohen

Manchester Marriott Victoria & Albert Hotel
Water Street
Manchester
M3 4JQ

For more information on timings and venue, and to register, please contact
our Marketing Team: +44 (0)20 7242 2523 or events@hardwicke.co.uk

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BASF acquires Rolic, Walder Wyss advises

BASF has acquired Rolic, a Swiss group offering innovative solutions, particularly in the display and security industries as well as the optical film business.

Walder Wyss acted as adviser to the seller in all legal aspects of the transaction. The team was led by Florian Gunz Niedermann and Daniel Staffelbach (Partners, Corporate/M&A) and further included Fabienne Anner (Associate/M&A), Michael Isler (Partner, IP/IT) and Reto Jacobs (Partner, Competition).

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Tim Pole prosecutes £2m case

With information from the Express & Star newspapaer

Andrew Sears was off work for more than a year after being hospitalised with a compression fracture to his spine, a court heard. But the father-of-one was unable to continue in his old role and, after another period of sick leave, was dismissed by Warburtons.

Mr Sears, who had worked at the factory since 2007, was not able to return to work until December 2014. He was dismissed almost exactly a year later following another long period of sick leave.

The Health and Safety Executive (HSE) prosecuted Warburtons Ltd as a result of the incident.

The watchdog declared that there was a lack of training and supervision for employees working at height.

Tim Pole is a member of the Regulatory Group at No5 Barristers’ Chambers.

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Hong Kong Stock Exchange appoints first GC

Hong Kong Exchanges and Clearing Group (HKEX) has appointed former Société Générale Asia Pacific legal chief as its new group general counsel.

HKEX, which operates the Hong Kong stock exchange – one of the world’s most active boards for IPOs and listings – has hired Ferheen Mahomed as group general counsel.

The role has been newly created following an internal reorganisation at HKEX.

Previously, its legal function was led by head of legal services and chief counsel Christine Wong, who oversaw the group’s £1.4bn acquisition of the London Metal Exchange (LME) in 2012. She joined the group from Linklaters’ Hong Kong office in 2010 where she was a consultant.

Mahomed was most recently executive vice president of business development at Pacific Century Group, an Asia-based private investment group. Before that, she served as group general counsel of Hong Kong investment bank CLSA and general counsel for Asia Pacific of SocGen.

In her new role at HKEX, Mahomed will head the group’s legal services department and oversee the group’s legal function, including the teams at the London Metal Exchange (LME) and LME Clear. She will report to HKEX chief executive Charles Li and work closely with the group’s chief regulatory officer and head of listing, David Graham.

Prior to going in-house, Mahomed also worked at Slaughter and May in Hong Kong and London. She is dual qualified in Hong Kong as well as in England and Wales.

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Khaitan advises on laboratories purchase

Khaitan & Co advised Metropolis Healthcare Limited in relation to the acquisition of business of Sanjeevani Pathology Laboratory by way of a slump sale on a going concern basis.

Metropolis India is a leading chain of pathology and diagnostics laboratories.

The core transaction team comprised of Anuj Sah (Associate Partner), Nayantara Kutty (Senior Associate) and Vinita Choudhury (Associate) with assistance from Shailendra Bhandare (Counsel), Ritu Shaktawat (Principal Associate), Kartikeya Prakash (Senior Associate), Suman Prabhu (Associate) and Ajay Singh (Associate). The deal enables Metropolis to scale up its operations and strengthen its footprint in Gujarat and to evolve further as a chain of diagnostics laboratory.

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Khaitan advises on solar power loan

Khaitan & Co advised Aditya Birla Solar Finance and Aditya Birla Nuvo Limited in relation to a rupee term loan facility extended to Aditya Birla Solar by Yes Bank Limited for part-financing three solar power projects of 20MW capacity each at Shirahatti, Ramadurg, Mulbagal in Karnataka along with associated infrastructure.

Aditya Birla Solar Finance is a special purpose vehicle set up by Aditya Birla Nuvo Limited in relation to the Projects.

Shishir Mehta (Partner), Rajeev Vidhani (Principal Associate) and Nikita Nehriya (Associate) represented the clients on the transaction.

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Akin Gump City turnover drops 4 per cent as PEP soars past $2m

Akin Gump Strauss Hauer & Feld’s London revenue dipped by almost 4 per cent over 2016, while global profits soared past the $2m mark.

The fall in London revenue follows a turnover surge of 154 per cent in 2015. Revenue jumped from $35.8m to $91.05m (£63.05m) in 2015 after a deal was announced between Akin Gump and Bingham McCutchen in September 2014.

Last year, the firm made $87.9m in the City – a decline of nearly 4 per cent. The figure means Akin Gump has made little headway in London since the merger, with the combined turnover of Akin Gump and Bingham amounting to $88.1m.

London managing partner Sebastian Rice told The Lawyer: “The figures aren’t quite what they were over 2015. Some big cases came to an end at the start of the year and it’s taken time for work to ramp up. Levels started going up again in the summer and the second-half of the year was very impressive.”

London cases included Akin Gump’s eight-year representation of the bondholders of the three major Icelandic commercial banks that failed in 2008. The deal won the firm restructuring team of the year at The Lawyer Awards last year.

In spite of London setbacks, City senior partner James Roome added: “As a firm it’s been a great year”.

Akin Gump posted turnover of $980m – a rise of 5 per cent from $930m. Net profit climbed nearly 4 per cent from $401.6m to $412.5m.

Average profit per equity partner similarly increased by 10 per cent, jumping from $1.9m to $2.1m. Revenue per lawyer rose from $1.09m to $1.14m.

Akin Gump has had an up-and-down year in London, losing litigators Tom Evans and Michael Stepek to Burford Law and Winston & Strawn respectively. It was also criticised in a High Court judgment last November that revealed it racked up $11.5m on a case that was struck out at the first hurdle.

Despite the losses, Akin Gump recruited Dentons private equity partner Igor Krivoshekov to drive its international energy offering. It also hired Baker & McKenzie partner Jasper Helder to spearhead its international trade practice and Addleshaw Goddard litigation partner Kambiz Larizadeh.

It also carried out a UK salary review over 2016, opting to pay its junior lawyers according to moving exchange rates. Akin Gump increased its base salaries before Brexit to match Cravath Swaine & Moore’s $180,000 pay packets for junior lawyers.

US financials season is now firmly underway, with a number of firms revealing growth over 2016.

Weil Gotshal & Manges saw revenue growth of 9 per cent to $1.27bn with PEP drastically increasing by 22 per cent to $3.1m.

Baker Botts further enjoyed gains over 2016, with turnover up 20 per cent to $846.5m from $704.5m. PEP jumped 37 per cent from $1.8m to $2.5m.

Cadwalader Wickersham & Taft, however, suffered a revenue decline of 2.5 per cent to $452m. PEP rose nearly 3 per cent to $2.1m.

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M&A specialist Maximilian Lang is made counsel

Maximilian Lang (31), attorney-at-law at Schoenherr, has been promoted to counsel.

Maximilian has an excellent record advising international and domestic clients in private and public M&A transactions, both mid-market and high-end.

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New appointment in Cayman private client and trusts team

Anthony Partridge, a private client specialist known for his expertise in complex trust structures and estate matters, has joined Ogier as a partner in the firm’s Private Client and Trusts team in the Cayman Islands.

Anthony has spent more than 10 years practicing in Cayman, and specialises in all aspects of non-contentious private trust matters, wealth structuring for institutional trustees and high net worth individuals together with all related regulatory work, and cross-border succession matters.

He has particular expertise in resealing foreign grants in the Grand Court of the Cayman Islands.

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The world in 2017

Worldwide economics in the spotlight at this event in Rome.

For more:

http://www.gop.it/events_view.php?lang=eng&id=571

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