End of the carrot and stick? Litigators react to legal privilege implications in SFO case

End of the carrot and stick? Litigators react  to legal privilege implications in SFO case

Last month the High Court ruled that documents prepared by mining giant Eurasian Natural Resources Corporation (ENRC) relating to a Serious Fraud Office (SFO) investigation were not protected by legal professional privilege.

The SFO began investigating ENRC in 2013 over allegations of fraud, bribery and corruption. As part of its investigation, the agency requested relevant documents from ENRC. ENRC refused on the basis that the documents were privileged. But Mrs Justice Andrews ruled that the SFO was warranted in its request to see the documents, stating that there is a ‘recognised public interest in the SFO being able to go about its business’.

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Emerging empires – Bakers, CMS and DLA Piper rise up the ranks as global giants march on

Emerging empires – Bakers, CMS and DLA Piper rise up the ranks as global giants march on

Ella Marshall and Jonathan Armstrong assess the latest EMEA rankings from The Legal 500

The market continues to evolve in Europe’s key heartlands, as a band of expansive globalised firms spread out their tentacles, while another grouping of more transactionally-driven players strip down their businesses with an eye on profitability. Following the recent publication of The Legal 500 Europe, Middle East & Africa (EMEA) 2017 edition, we look at the winners and losers among major international law firms this year.

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‘Reflecting market pressure’: DLA and Latham pick up lead roles on largest toll road merger

‘Reflecting market pressure’: DLA and Latham pick up lead roles on largest toll road merger

DLA Piper, Latham & Watkins and Legal Business Euro Elite leader Gianni, Origoni, Grippo, Cappelli & Partners all picked up mandates as Italian infrastructure company Atlantia launched a €16.3bn bid to acquire its Spanish rival Abertis.

The offer comprised an all-cash bid that values Abertis at €16.50 per share or a share alternative structure. The merger will be the largest foreign acquisition by an Italian company since utility company Enel bought Spain’s Endesa in 2007 and would create the world’s biggest operator of toll roads.

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‘Much busier than expected’: White & Case and Freshfields advise Alfa Financial Software on IPO

‘Much busier than expected’: White & Case and Freshfields advise Alfa Financial Software on IPO

White & Case’s City growth strategy is seeing results with the US firm and Freshfields Bruckhaus Deringer winning places advising Alfa Financial Software on its planned float on the London Stock Exchange. The initial public offering (IPO) is expected to value Alfa at more than £800m.

The float of the company, which specialises in software for the asset finance industry, will be the largest UK tech listing in the past two years. Alfa’s clients include Bank of America, Barclays and Mercedes-Benz.

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Dealwatch

Dealwatch

SKADDEN PULLS MOODY’S IN €3BN DEAL

Allen & Overy (A&O) and Skadden, Arps, Slate, Meagher & Flom led as Moody’s agreed a €3bn (£2.6bn) deal to buy Dutch data group Bureau van Dijk from Swedish private equity company EQT. Skadden advised Moody’s, alongside Dutch adviser Stibbe, while A&O acted for EQT. Latham & Watkins advised the banks, while Baker McKenzie acted for van Dijk’s managers. Simmons & Simmons is also playing a role, providing employment and pensions advice to Moody’s.

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A new venture: Ashurst replenishes Singapore offering with alliance

A new venture: Ashurst replenishes Singapore offering with alliance

After losing three partners in Singapore last year, Ashurst has launched a formal alliance with local law firm ADTLaw following approval from regulators.

Last month Ashurst said it will now operate under the name Ashurst ADTLaw, advising on arbitration and civil litigation, corporate, and banking and finance, including derivatives and structured products.

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‘It’s not rocket science’: Investor-state arbitrators wary of post-Brexit landscape

‘It’s not rocket science’: Investor-state arbitrators wary of post-Brexit landscape

Tom Baker reports on a busy period despite case volume falling in 2016

Despite growing investor-state arbitration caseloads over the last five years, City international arbitration partners are uneasy about the impact of Brexit and anti-globalisation sentiment on their business.

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