White & Case was recognized as a top innovator in three areas in the FT Innovative Lawyers 2013, a rankings report and awards for Europe-based lawyers published by the Financial Times. The Firm was recognized in these categories:
Most Innovative Firms in Corporate Law
White & Case was "Highly commended" for its work helping Portuguese banking group Banco Itaú successfully move its European wholesale banking operations from Lisbon to London in the UK's first cross-border "merger by absorption" under The Companies (Cross-Border Mergers) Regulations 2007 of an entity regulated by the Financial Services Authority. The innovative deal removes previous uncertainty over whether a UK newco can be set up and used as a transferee company on a cross-border merger under the Regulations, in order to receive assets and liabilities from an EEA transferor company which is then dissolved without being liquidated.
Most Innovative Law Firms in Finance
White & Case was "Commended" for its work on structuring a groundbreaking US$765 million facility to enable ownership of onshore oil fields and reserves to pass from a group of global oil majors to a Nigerian company with funding from a consortium of international and Nigerian banks. This was the largest-ever upstream acquisition financing in Nigeria by international banks. White & Case advised Standard Bank, the leader of the consortium of banks.
Most Innovative Law Firms in International Strategy
White & Case was "Highly commended" for its strategy of building its English law capacity worldwide to challenge UK law firms in international work. By virtue of being ahead of a changing market, White & Case has increased its challenge to UK law firms on their own territory by offering strong and coordinated English law capabilities.
In addition, White & Case partner Paola Leocani, was recognized as a "Standout" in the Most Innovative Law Firms in Finance category for her work modifying the Italian bond trading platform and procedures to allow Treasury bonds worth €18bn to be sold directly to retail investors. Leocani, who joined the Firm in June 2013 and practices in the area of capital markets focusing on debt and derivative securities, liability management transactions and regulatory matters, received an individual nomination as the matter was undertaken at her prior law firm.