Magic Circle duo land £2.2bn energy deal as antitrust concerns surface

Magic Circle duo land £2.2bn energy deal as antitrust concerns surface

Linklaters and Slaughter and May have taken lead roles as UK energy services giant Wood Group is to acquire its struggling rival Amec Foster Wheeler for £2.2bn amid market competition concerns.

The deal was announced in March and is expected to close in the second half of 2017. Under the terms, Scottish company Wood Group is offering £5.64 per Amec share, for 56% ownership of the combined group.

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KWM competition trio defects to Macfarlanes in rare lateral play by City thoroughbred

City firm Macfarlanes has made a rare triple lateral hire with three partners from King & Wood Mallesons‘ (KWM) European practice. The firm is taking on Tom Usher, Cameron Firth and Christoph Humpe as partners, and will also take on KWM’s former European senior partner Stephen Kon as a consultant. Continue reading “KWM competition trio defects to Macfarlanes in rare lateral play by City thoroughbred”

‘A hole in the market’: Scott + Scott opens in the City with plans to exploit conflicts and cash in on competition class actions

In anticipation of a boom in competition-based disputes as the Consumer Rights Act comes into force, US firm Scott+Scott is planning to kick-start its City offering by pursuing banks found guilty of manipulating the foreign exchange market in a multi-million pound lawsuit.

Continue reading “‘A hole in the market’: Scott + Scott opens in the City with plans to exploit conflicts and cash in on competition class actions”