Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #30 on May 13, 2012, 4:59pm »
The magic circle and PFI's in 1999
Allen & Overy, Clifford Chance sweep the board in PFI awards
6 July 1999
The first awards for PFI work have seen Clifford Chance and Allen & Overy clean up.
The PFI awards, organised by The Lawyer's sister title, The PFI Report, recognised the most innovative deals struck in the sector over the last year.
Allen & Overy advised on four of the eight winners.
The deals included advising the finance arrangements for the Greenwich Hospital deal, the A1-M1 link road project where it advised the project company, the M6-A74 project in which it advised the completion guarantors and lastly Project Prime, an accommodation project where it advised the banks. Ashurst Morris Crisp also advised on the M6 deal and Lovell White Durrant advised the Department of Social Security in Project Prime.
Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #31 on May 13, 2012, 5:14pm »
Deputy PM - Opening Doors
The following businesses and organisations have signed up to the 2012 Compact:
A4E Accenture ACCA Addleshaw Goddard LLP Adecco Group UK & Ireland Airbus Allen and Overy Alliance Boots Anchor Trust Arriva Asda Ashurst LLP Associated Newspapers Association of Accounting Technicians Atkins Aviva plc AXA BAE Systems Baker & McKenzie LLP Bank of America Merrill Lynch Bar Council Barcelo Hotels UK Barclays Bauer Media Group BP BT Group Cancer Research UK Capgemini Capita Carillion Centrica Channel 4 Chartered Institute of Personnel and Development (CIPD) Chartered Institute of Public Relations Chartered Insurance Institute Citi CMS Cameron McKenna LLP Coca Cola EnterprisesCoca Cola Great Britain Compass Group Credit Suisse Deutsche Bank E.On UK Ernst & Young Evening Press Corporation Eversheds Everything Everywhere (Orange/T-Mobile) Experian Freshfields LLP Fujitsu G4S UK GE Grant Thornton Greggs GSK Guardian News & Media Herbert Smith LLP Hewlett Packard Hilton Worldwide Hogan Lovells House of Fraser HSBC IBM Institute of Chartered Accountants in England and Wales (ICAEW) Institute of Healthcare Management Irwin Mitchell ITV Jaguar Landrover Jo Swinson MP J.P. Morgan Jurys Inn Hotels Kempt KPMG Legal Services Board Liberal Democrats HQ Linklaters LLP Lloyds Banking Group L’Oreal (UK) Marks and Spencer McDonalds McGinley Support Services Mears Group Media Trust MicrosoftMITIE Group PLC Morrisons Mothercare/Early Learning Centre National Grid Nationwide Building Society Nestle UK & Ireland NHS Employers Norton Rose O2 Pertemps Public Relations Consultants Association (PRCA) Proctor & Gamble Prudential UK & Europe PWC Radio Independents Group Random House Publishing Red Consultancy Research In Motion (Blackberry) Royal Academy of Engineering Royal Institute of British Architects Royal Institution of Chartered Surveyors Royal Opera House RBS RWE Npower Sainsbury's Santander UK Schroders Serco Shell Siemens Simmons & Simmons LLP Sony Standard Life Starbucks Tata Consultancy Services Tata Global Beverages Tata Steel Teach First Teleperformance Tesco The Co-operative Group Thomson Reuters Unite Group University Partnerships Programme (UPP) Virgin Group VodafoneWatershed PR Wates Group WPP Zurich
Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #32 on May 13, 2012, 5:27pm »
Deputy Prime Minister hails big step towards ending
'who you know, not what you know' culture
12 January 2012
More than 100 of the biggest hitters in British business have signed the Government’s Business Compact and are opening their doors to people from all walks of life, ending the ‘who you know, not what you know’ culture, the Deputy Prime Minister will announce today.
The businesses – employing over two million people in Britain with a turnover of more than £500 billion – have signed up to the Deputy Prime Minister’s Business Compact on social mobility. This is an unprecedented partnership between business and government to spread opportunities across our society and, crucially, to create culture change in other companies.
Signatories to the Compact include:
nearly 20 major finance firms including Barclays, HSBC and Santander more than 10 high street retailers including Asda, Tesco, Sainsbury’s, Marks & Spencer, and Morrisons 11 well-known consumer brand manufacturers including Coca Cola, P&G and Nestle 10 major law firms including Allen and Overy and CMS Cameron McKenna eight high profile energy firms including BP, Shell and E.ON. Deputy Prime Minister, Nick Clegg, said:
This is an important step towards a society where it’s what you know, not who you know, that counts. Working with the Coalition, the biggest hitters in British business are helping lead the way to a fairer, more open society.
Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #33 on May 13, 2012, 5:59pm »
Allen & Overy's David Benton: the man who decides if Greece has defaulted
David Benton is probably the most important man you have never heard of.
Telegraph article
"A partner at Allen & Overy, one of England's "magic circle" of law firms, Mr Benton is the derivatives expert whose legal opinion on Thursday led 15 of the world's largest investment banks and investors to controversially decide that Greece had not yet defaulted on its government debt.
While the International Swaps and Derivatives Association (ISDA), the industry trade body in charge of the multi-trillion pound credit default swaps (CDS) market, came under fire for not triggering Greek CDS contracts, it made its decision based on Mr Benton and his team's legal advice.
In the complex and secretive world of derivatives, Mr Benton is the go-to lawyer. Less than two months ago, Risk - the derivatives industry magazine - awarded Allen & Overy the title of "derivatives law firm of the year", citing in particular the firm's work for ISDA on the legal issues surrounding Greek CDS."
A & O Belgium office named "Belgium Tax Firm of the Year"
23 May 2008
PATRICK SMET Partner, Belgium
Our Belgium office was named "Belgium Tax Firm of the Year" at the International Tax Review European Awards 2008 held in London on 22 May.
Patrick Smet, head of tax at Allen & Overy in Belgium, commented: "For several years we have been focussing on the high-end of the market, where we believe we can bring value to our clients, rather than on volume. We are delighted that the jury has recognised and rewarded the innovative nature of our work, which is based on excellent technical skills. I would like to thank our clients for their confidence and the members of my team for their dedication".
The Belgian tax practice of Allen & Overy has been involved in a significant number of "market firsts" in the last 12 months. It successfully represented Ter Beke in its "captive" tax litigation case; the first captive case won by the taxpayer. In the context of the delocalisation of activities to group companies established in low-cost jurisdictions, the team negotiated a transfer pricing ruling based on the "location savings" concept, which is unprecedented in Europe. The team also negotiated a landmark tax ruling in the context of the take-over of ABN AMRO. In addition, the team was involved in CVC's acquisition of Taminco (the largest buy-out in 2007), and in most major PPP transactions (including the Diabolo project, the first major project that closed successfully).
The other short-listed firms were Deloitte, Freshfields, Liedekerke, Loyens and PwC.
Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #36 on May 15, 2012, 12:04am »
Lehman links...
Jun 02 2008 Allen & Overy LLP today announced that David S. Broderick joined the firm as a real estate partner in the New York office, effective June 2. David brings 15 years of diverse real estate law experience to the New York-based team, both as former senior counsel for Lehman's Global Real Estate Group and as an attorney at several leading law firms.
Allen & Overy’s U.S. Real Estate practice primarily focuses on real estate debt and equity investments for domestic and international private equity funds, financial institutions and real estate investors. Allen & Overy's New York office now has 39 partners and 158 lawyers.
David was previously managing director with Lehman Brothers’ Global Real Estate Group, where he served as senior counsel, as well as legal advisor for Lehman's Real Estate Private Equity Funds and Real Estate Mezzanine Debt Fund.
David is a graduate of Fordham University School of Law, where he was a member of the Fordham Urban Law Journal, and The American University, The Kogod School of Business.
Joined: Dec 2010 Gender: Male Posts: 1,866 Location: Devon
Re: Magic Circle Ties « Reply #37 on May 15, 2012, 12:10am »
Lehman May Never Face Court Reckoning as SEC Enforcers Lean Toward Rebuke By Joshua Gallu - Jun 3, 2011 11:07 PM GMT
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U.S. Securities and Exchange Commission investigators may issue a public rebuke of Lehman Brothers Holdings Inc. (LEHMQ) and its former executives instead of suing them for actions that led to the firm’s 2008 failure, three people with direct knowledge of the matter said.
SEC enforcement lawyers, who have struggled for more than two years to find definitive evidence that the company and its leaders violated securities laws, are concerned that a legal attack on Lehman’s accounting practices would likely fail, the people said, speaking on condition of anonymity because the deliberations aren’t public.
June 3 (Bloomberg) -- U.S. Securities and Exchange Commission investigators may issue a public rebuke of Lehman Brothers Holdings Inc. and its former executives instead of suing them for actions that led to the firm’s 2008 failure, people with direct knowledge of the matter said. Bloomberg's Joshua Gallu reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg) Enlarge image
Christie's auction house employees move the Lehman Brothers corporate logo, which is estimated to sell for 3000 GBP, and is featured in the sale of art owned by the collapsed investment bank. Photographer: Oli Scarff/Getty Images Instead, the enforcement staff may recommend that the agency take the rare step of publishing a so-called report of investigation, also known as a 21(a) report. The commission would have to vote on whether to issue a report and it’s still possible that the SEC may decide to bring legal claims in court, the people said. The 21(a) reports, which lay out allegations of misconduct without imposing penalties, have only been issued six times in the past decade, according to the SEC’s website. “The SEC can claim that this is decisive action and that they’re on record as to the wrongdoing. It doesn’t meet the inevitable resistance that civil action meets -- the possibility of failure,” said Robert Hillman, a professor at the University of California, Davis, School of Law.
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Re: Magic Circle Ties « Reply #39 on May 19, 2012, 5:08pm »
Magic circle duo lead on €470m Glaxo sale of healthcare products
Law firms: Slaughter and May, Allen & Overy and their links with the pharmaceutical industry
Slaughter and May and Allen & Overy (A&O) have taken lead roles on GlaxoSmithKline’s (GSK’s) €470m (£393m) divestment of a portfolio of European over-the-counter (OTC) healthcare products to Omega Pharma.
A&O took the lead for Dutch OTC specialist Omega, fielding a five-partner team led by Antwerp M&A partner Hans Kets, with Frankfurt corporate partner Matthias Horn and employment partner Hans-Peter Low also advising. The portfolio being sold off generated sales of around €223m (£186m) last year, with brands including sleep aid Nytol, hay fever medication Beconase and heartburn relief Zantac. Slaughters collaborated with German and Italian best friends Hengeler Mueller and Bonelli Erede Pappalardo to advise GSK. The seven-partner Slaughters team was led by corporate specialist Richard Smith, who also worked on GSK’s $660m (£414m) disposal of OTC products to Prestige Brands last year.
Smith commented: “This is the second in a series of OTC brand disposals on which we are advising GSK. The transactions are part of GSK’s strategy to simplify its business and focus on its core brands in the consumer healthcare space.”
Hengeler’s four-partner team included Duesseldorf healthcare expert Dirk Uwer, with corporate and employment partners working out of Frankfurt. Bonelli was represented by associates Livia Cocca, Elena Busson and Francesca Di Carpegna Brivio.
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Re: Magic Circle Ties « Reply #40 on May 19, 2012, 5:47pm »
Carroll Trust fraud implications
Sensational further twist in the Carroll Foundation Trust billion dollar tax evasion fraud scandal sweeping Wall Street New York and the City of London has revealed that the merged law firm of Clyde & Co and Barlow Lyde & Gilbert are understood to be representing Slaughter & May the Carroll Foundation Trust's lawyers concerning the serious criminal allegations which are believed continue to confront partners of Slaughter & May. Sources have confirmed that Slaughter & May incorporated a startling litany of forged and falsified UK Companies House registered Carroll Trust Corporations which effectively impulsed this massive trans-national crime syndicate operation which stretches the globe.
It is known that these revelations are contained in the new explosive FBI Scotland Yard case files which are thought to also reveal specimen exhibits of the fraudulent State of Delaware registered Carroll Global Corporations directly linked to fraudulent HSBC offshore numbered bank accounts and Coutts & Co dummy Gerald Carroll banking arrangements. It has also emerged that Carroll Holdings Coporation Ltd forms an integral part of the investigation as this structure was utilised within a multiple "name switch operation" to provide a screen off for the embezzlement and offshore tax evasion of millions of dollars of the Carroll Foundation's liquid funds believed to have been held on deposit within the framework of fraudulent offshore bank accounts in the tax havens of Gibraltar and Nassau Bahamas.
Further sources have said that this billion dollar scandal is closely connected to the co-ordinated break-ins burglaries and seizure offences that were also targeted at the Carroll Foundation's multi-million dollar Eaton Square Belgravia penthouse and Westminster residences over a staggering four year period. It is known that one of the trust's other legal advisors attended a range of high level meetings with both Scotland Yard and the Kent Police surrounding the complete theft the entire contents of the Belgravia property and the stolen priceless Oxford University and Carroll Institute national treasures collections from high value crime scene locations including Red Self Storage Dartford Kent Crown Recovery Kemp Road Dagenham Essex and Alban Shipping Luton Bedfordshire.
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Re: Magic Circle Ties « Reply #42 on Sept 3, 2012, 12:43am »
Atos and its legal links
Schlumberger general counsel wins top spot at Atos
2 February 2004
The UK general counsel of SchlumbergerSema James Loughrey has scooped the top UK legal role at Atos Origin after Atos completed its acquisition of the IT services company.
French company Atos completed its €1.3bn (£888.7m) acquisition of Sema from Schlumberger last week and has merged Sema’s UK operations with Atos KPMG Consulting.
Atos’s previous UK counsel Christine Hickey has been transferred to a corporate M&A role. Hickey previously worked at KPMG Consulting, before it too was bought by Atos, and in the legal department at BBC Technologies.
Loughrey has been appointed UK head of legal/ general counsel and will lead a combined team of 14, of which nine were with him at Sema. He will report to the managing director and financial director in the UK.
Linklaters advised Schlumberger on the Atos merger. The deal was a coup for the firm given that Schlumberger’s regular adviser was Freshfields Bruckhaus Deringer, which advised on the 2001 Sema acquisition. Clifford Chance advised Sema, while Macfarlanes advised Atos.
The deal creates Europe’s largest-listed IT services company, with a turnover of €5bn (£3.42bn).
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