Our London team works at the heart of one of the world's leading financial centres and the international hub for English law.
Clients turn to us to help them navigate complex matters involving domestic UK and multiple jurisdictions. Whether London-based or headquartered elsewhere, we advise a wide range of clients on the complex and challenging issues they face on the world stage. We help them succeed in overcoming their cross-border, multijurisdictional challenges and enable them to pursue their most important business and investment goals.
We work with an established list of global clients, which includes some of the most noteworthy names in the financial, corporate, institutional and government sectors.
Our reputation is built on an ability to execute tough deals in challenging places, whether at the highest levels of global corporate life, in transitioning markets or across our London-New York axis. Our global footprint and the deep local knowledge of colleagues across countries and continents make this possible.
AWARDS & RECOGNITION
Firm of the Year in Finance
The Legal 500 UK 2015
Number One Global Law Firm
Law 360 2014
European Law Firm of the Year
Chambers Europe 2014
International Law Firm of the Year
The Lawyer 2013
Chapter 11 Reorganization of the Year
The M&A Advisor 2014
Global Citizenship Award
The American Lawyer 2013
Cruz City 1 Mauritius Holdings
We represented Cruz City 1 Mauritius Holdings in a dispute with a real estate developer concerning a development in Mumbai. After obtaining arbitral awards for US$300 million in three related London Court of International Arbitration arbitrations, we commenced multijurisdictional enforcement action. In a series of groundbreaking decisions, we obtained orders from the English courts requiring the developer to disclose details of its assets worldwide and to pay US$325 million into court as a condition of any appeal against the disclosure order. We then obtained a worldwide freezing order and receivership orders over certain of the developer's overseas assets. Enforcement proceedings were also commenced in the Isle of Man, India, Mauritius and Cyprus.
We are advising the state-owned railway company in Qatar on the construction of the Qatar Integrated Railway Project, a landmark infrastructure project consisting of a metro system, long-distance passenger network and freight transport network, including the drafting of Qatar's national rail legislation. We are advising on and drafting the suite of subcontracts for the project, including those for the mechanical, engineering and plumbing works, supply and installation works and maintenance services.
We represented RWE AG, a leading European electricity and gas company, in the €1.6 billion sale of NET4GAS, the Czech gas transmission system operator, to a private equity consortium.
We advised the first new fund raised by Arle Capital since its 2009 spin-out from Candover on its acquisition of the UK-based substrate manufacturer Innovia Group for €498 million.
We represented Avast Software, one of the world's major players in the antivirus market, and a selling shareholder consortium on the sale of a significant minority stake to CVC Capital Partners, one of the world's leading private equity and investment advisory firms. Supporting the successful completion of the deal included advising on the new US borrower financing that supported CVC's acquisition of an approximate 40 percent interest in Avast, which values the Prague-based business at around US$1 billion.
Cnova N.V. and Groupe Casino
We represented Cnova N.V. and its parent company Groupe Casino in connection with the reorganization and spin-off of Casino's eCommerce businesses by means of a $188 million IPO on NASDAQ. Cnova was created from the reorganization of the eCommerce businesses of Companhia Brasileira de Distribuição and Casino Guichard-Perrachon, S.A., leading retailers in Brazil and France, respectively, which are part of Groupe Casino, a leading global diversified retail group with total sales of approximately €49 billion. As a result of the transaction, the newly formed Cnova has become one of the world's largest pure-play eCommerce companies.
European Investment Bank (EIB)
We represented the EIB in connection with its €577.9 million project bond credit enhancement product as applied to the A11 motorway PPP between Bruges and Knokke in Belgium. This is the first greenfield project done under the European Commission and EIB's Project Bond 2020 initiative.
New World Resources group (NWR)
We are representing NWR, the central European hard coal producer, on the restructuring of its balance sheet via a UK Scheme of Arrangement and a Rights Issue and Placing.
P4 Sp. Z o.o.
We represented Polish mobile telecoms operator P4 Sp. Z o.o. on its groundbreaking, inaugural €870 million and PLN 130 million (approximately €901 million altogether), dual-tranche High Yield bond issue as well as its subsequent €415 million senior PIK toggle notes offering. P4 Sp. Z o.o., which trades as Play, is a portfolio company co-owned by Olympia Development and London-based investment firm Novator.
We represented HgCapital portfolio company Ullink on its acquisition of Nyfix/Metabit businesses from Intercontinental Exchange. We also advised HgCapital V on the sale of its interest in Visma Holding Group and HgCapital VII on its acquisition of Visma Holding Group.
Saudi Arabian Oil Company (Saudi Aramco)
We represented Saudi Aramco on the US$12.5 billion project financing to build and operate a US$20 billion world-scale integrated chemicals complex in Saudi Arabia. We also represented Saudi Aramco in a US$2 billion sukuk issuance followed by a US$10.5 billion financing package provided by the Public Investment Fund of the Kingdom of Saudi Arabia, seven export credit agencies and a range of commercial banks and Islamic financial institutions. This deal was selected as "2013 Global Finance Deal of the Year: Project Finance (Middle East)" by The American Lawyer, and as "2013 Global Deal of the Year," by Project Finance magazine, amongst other awards.
UBS, HSBC and Mizuho Bank
We are representing UBS, HSBC and Mizuho Bank as joint lead arrangers and lead bookrunners and UBS as administrative agent in respect to New York law governed first-lien and second-lien credit agreements (£150 million and £70 million, respectively) provided to finance BC Partners' acquisition of the MergerMarket Group from the Financial Times Group.
Nord Stream AG and sponsors
We represented the joint venture project company Nord Stream AG and sponsors in the approximately €9 billion construction, development and financing of the Nord Stream Pipeline, two 1,220-km sub-sea offshore gas pipelines that extend from Russia to Germany through the Baltic Sea and the exclusive economic zones of Russia, Finland, Sweden, Denmark and Germany. This deal won five Deal of the Year awards across the globe including "2011 Europe Project Finance Deal of the Year" by International Financial Law Review. Our team was also selected as "2011 Infrastructure/Energy Team of the Year" by The Lawyer.