Category Archives: Legal

Ashurst set to expand Luxembourg law capability with new office opening

International law firm Ashurst today announces plans to launch a new office in Luxembourg, having now received Luxembourg Bar Association licence approval.

Partner Isabelle Lentz, head of the firm’s Luxembourg desk, will act as managing partner of the office, which is set to open in October this year. The firm’s Luxembourg desk was set up in 2011 and advises on a broad range of corporate, private equity, funds, restructuring, regulatory, real estate and banking matters.

Commenting, managing partner Paul Jenkins said:

“As a leading investment fund centre in Europe, the second largest globally in terms of assets under management and a hub for international banks and fintech, the opportunities in Luxembourg are significant. Growing our offering and building on the proven track record of our established Luxembourg desk is an exciting prospect and one which will greatly enhance our client service offering.”

Isabelle Lentz added:

“Over recent years, Luxembourg has secured its status as a key financial centre and as one of the frontrunners of preferred EU locations for transfer of business related to Brexit, that is only set to increase. I am really looking forward to capitalising on this by developing our presence in Luxembourg and enhancing our capability.”

Recent mandates on which the Luxembourg team has advised include:

Advising Castlelake on a restructuring of a large number of Luxembourg companies prior to the IPO of Aedas Homes
Advising Samsung on the acquisition, structuring and financing of real estate asset in the UK
Advising Digital Colony on the acquisition of Digita Oy
Advising the banks on financing the acquisition of BFC Fahrzeugteile by Triton
Advising Agilitas on buyout of Danoffice IT
Advising CapMan Real Estate on €425m fund raising of a private FCP- RAIF private fund
Setting up an unregulated private debt fund for Aviva Investors and for Shard Capital
ICG on the acquisition of proALPHA Business solutions
Advising the banks on EQTs bridge financings

Hogan Lovells bolsters offering in Saudi Arabia with association with ZS&R Law Firm

Leading global law firm Hogan Lovells has entered into an association with ZS&R Law Firm. The firms will work together to provide cohesive, integrated legal advice to their national and international clients, offering a first-class service in the Kingdom of Saudi Arabia. The association is effective from today.

ZS&R Law Firm was founded in 2017 by Dr. Najem Alzaid, Saad Alrashed and Turki Alsheikh. The three founding partners have diverse backgrounds with international legal experience, multilingual capabilities, and are experienced in advising on national and cross-border transactions. With a full-service offering and an in-depth knowledge of the regulatory requirements of doing business in Saudi Arabia, ZS&R Law Firm advise clients across a range of industries. They cover our key practice areas including projects, dispute resolution, banking and finance, capital markets and corporate and M&A. Under the terms of the agreement, ZS&R Law Firm will operate in association with Hogan Lovells and the two firms will work together on client matters while remaining separate legal entities.

“Saudi Arabia is a strategic market for our clients,” explained Miguel Zaldivar, Regional Chief Executive for the Asia Pacific Middle East region. “Partnering with ZS&R Law Firm is part of our commitment to providing clients with a full service solution to their commercial and legal needs. We have had a relationship with the three founding partners of ZS&R Law Firm for some time, and we have viewed what they have achieved professionally with reverence. Together, they have created a truly outstanding legal practice in Riyadh, with a service offering which strongly aligns to the needs our clients.”

Dr. Najem Alzaid, one of the founding partners of ZS&R Law Firm said, “This is an exciting time to be in Saudi Arabia. We will witness the public offering of Saudi Aramco and other privatizations, the fruition of key strategic plans such as Saudi Vision 2030 and the National Transformation Programme, and we expect a new wave of foreign investment. We are pleased to work alongside Hogan Lovells supporting clients investing in the Kingdom as well as help our Saudi clients achieve their international ambitions.”

Steve Immelt, CEO of Hogan Lovells added: “The association with ZS&R Law Firm is an important milestone which allows us to expands our ability to help clients in an important jurisdiction. Together with ZS&R we can provide clients with deep sector experience and knowledge in the Kingdom and across the wider Middle East. Most importantly, ZS&R’s client service ethos, and the principles by which they conduct business, align with our approach to the market.”

Wildgen Opens a London Representative Office!

Our firm expands into the U.K. as a response to the increased U.K. interest in the Luxembourg market.

We are very pleased and proud to announce the opening of our representative office in London to facilitate cross-border deals and communication. Our office is centrally located in Mayfair, and fully operational.

Head of the London office, Partner Mark Shaw is an English solicitor and member of the Luxembourg Bar, specialising in financial services and funds; he joins Wildgen having previously worked in-house at a number of investment management companies. He comments: “By having a presence in London, it makes the firm far more accessible for our UK clients, and helps us to maintain strong relationships with local law firms. Clients will be able to receive relevant and timely advice on Luxembourg law, and discuss matters with a lawyer who combines an understanding of the nuances of the U.K. financial and legal markets with the Luxembourg legal and regulatory framework.”

“It is very exciting to lead Wildgen’s expansion in London, as it presents a unique opportunity for our firm. We advise exclusively on Luxembourg legal, tax and regulatory aspects but being here brings us much closer to local markets and opportunities in the U.K.. We are able to demonstrate the added value Luxembourg offers to corporates impacted by Brexit,” says Partner Samia Rabia, Luxembourg head of the representative office.

Apart from new business development, a presence in London will help us to maintain existing relationships with referrals and clients in the U.K., improve communications and open potential for expanding the services we have to offer. Regular meetings and events will be hosted in order to provide current and new clients with valuable insights into Luxembourg’s legal and regulatory developments.

Gianni, Origoni, Grippo, Cappelli & Partners opens in Shanghai

International law firm Gianni, Origoni, Grippo, Cappelli & Partners opens in Shanghai, extending the reach of its Far East Hong Kong branch and confirming its international expansion strategy, particularly oriented towards the Chinese market.

GOP first established its presence in Hong Kong in early 2014 with the specific goal of servicing both Italian and international clients in an area which had proven to be a significant pull factor for foreign investments, but also tapping into the demand from growing numbers of local companies, looking with increasing interest towards investment opportunities in Europe and particularly in Italy.

Now opening in Shanghai, the firm will create a direct operational base to offer consultancy and advisory services with even greater effectiveness in mainland China. The appetite of local business for commercial collaboration with western companies calls for the presence of more highly skilled professionals able to understand their dynamics and to proactively support their business.

Initially the Shanghai team will be three hand-picked professionals, coordinated by Stefano Beghi, Managing Partner in Hong Kong.

Stefano Beghi states: “The opening of Shanghai is part of a precise expansion project, elaborated and set in motion by the firm years ago, now implemented in light of the promising results from our Hong Kong office”. He adds, “Our policy, based on Italian professionals working side by side with local colleagues and tailor-made teams built on the needs of each client, has allowed us to be effective and expansionary in a time when the trend of other international firms has been the opposite.”

Antonio Auricchio, Co-Managing Partner of Gianni, Origoni, Grippo, Cappelli & Partners, adds: “We have laid the foundations for strong growth in a part of the world where Italian innovation and creativity are more and more appreciated and seen as an opportunity. This is the reason GOP has decided to further increase its presence in this important area: to support its clients and harvest the opportunities arising from the internationalization process being undertaken by many Chinese companies.”

Gianni, Origoni, Grippo, Cappelli & Partners opens in Shanghai

International law firm Gianni, Origoni, Grippo, Cappelli & Partners opens in Shanghai, extending the reach of its Far East Hong Kong branch and confirming its international expansion strategy, particularly oriented towards the Chinese market.

GOP first established its presence in Hong Kong in early 2014 with the specific goal of servicing both Italian and international clients in an area which had proven to be a significant pull factor for foreign investments, but also tapping into the demand from growing numbers of local companies, looking with increasing interest towards investment opportunities in Europe and particularly in Italy.

Now opening in Shanghai, the firm will create a direct operational base to offer consultancy and advisory services with even greater effectiveness in mainland China. The appetite of local business for commercial collaboration with western companies calls for the presence of more highly skilled professionals able to understand their dynamics and to proactively support their business.

Initially the Shanghai team will be three hand-picked professionals, coordinated by Stefano Beghi, Managing Partner in Hong Kong.

Stefano Beghi states: “The opening of Shanghai is part of a precise expansion project, elaborated and set in motion by the firm years ago, now implemented in light of the promising results from our Hong Kong office”. He adds, “Our policy, based on Italian professionals working side by side with local colleagues and tailor-made teams built on the needs of each client, has allowed us to be effective and expansionary in a time when the trend of other international firms has been the opposite.”

Antonio Auricchio, Co-Managing Partner of Gianni, Origoni, Grippo, Cappelli & Partners, adds: “We have laid the foundations for strong growth in a part of the world where Italian innovation and creativity are more and more appreciated and seen as an opportunity. This is the reason GOP has decided to further increase its presence in this important area: to support its clients and harvest the opportunities arising from the internationalization process being undertaken by many Chinese companies.”

Allen & Overy continues strong growth driven by cross-border work

Allen & Overy has announced strong results for the year ended 30 April 2018, building on last year’s record figures in an environment of continued geopolitical uncertainty. The figures are testament to a compelling international platform, as multijurisdictional work continues to drive growth. ​

In summary:

​​​Reven​u​e​​ up by GBP54 milli​on (4%) to GBP1.57 billion (USD2.10bn; EUR1.78bn)

Profit before tax is up 3% to GBP690 million (USD923m; EUR784m)1

Profit per equity partner (PEP) is up 4% to GBP1.64 million (USD2.19m; EUR1.86m)2

Strong income growth from Western Europe, CEE and our Advanced Delivery businesses

All practice groups performed well, with International Capital Markets (ICM), Corporate and Taxation standout performers

Demand for cross-border work continues to drive growth with over three quarters of revenue derived from matters involving more than one country

DLA Piper increases Danish footprint with DELACOUR integration

DLA Piper today announces that Danish law firm, DELACOUR is to be integrated into the firm. The combined firm will result in more than 200 lawyers located in offices in Aarhus and Copenhagen.

DELACOUR’s integration strengthens the firm’s core practices in Corporate and Commercial, M&A, Real Estate, Litigation and Restructuring as well as deepening expertise in sector areas including, Transport, Employment, Procurement, Tax and Data Protection.

Martin Lavesen, Country Managing Partner at DLA Piper in Denmark said:

“Both firms hold strong positions in the Danish market. This integration is an obvious strategic and commercial match which brings clients in Denmark unrivalled access to local specialists, as well DLA Piper’s truly global network of lawyers.”

The integration with DELACOUR follows DLA Piper’s merger with LETT in May 2017 and further bolsters the firm’s position as the largest law firm in the Nordic region.

Hans Christian Brodtkorb, partner and chair of the DLA Piper Nordic board said:

“As the first global firm with a comprehensive presence across the Nordic countries, we are uniquely positioned to meet our clients’ expectations for a seamless and coordinated approach across the entire region. The integration with DELACOUR further deepens our unrivalled capability on a regional, global as well as domestic stage.”

Andrew Darwin, Global Co-Chair at DLA Piper, said:

“We have had a longstanding commitment to the Nordics going back almost twenty years and we recognised the opportunity to be the only global law firm with a truly pan-Nordic presence. We achieved that vision when we integrated with LETT in May 2017 and, following a great response from our clients in the region and internationally, our Nordic business has gone from strength to strength. Since entering the Danish market we have seen significant interest from local practitioners and firms in internationalising and regionalising their businesses and with the addition of DELACOUR we will continue to be the leading global business law firm in Denmark and the Nordic region.”

DLA Piper strengthens Corporate practice with key partner hire

DLA Piper today announces that Corporate/M&A and Private Equity lawyer, Gerald Schumann, will be joining the firm as a partner in its Corporate practice, based in Munich.

Gerald will be joining the firm from Baker McKenzie, where he was a partner since 2008. He advises clients on M&A transactions, including public or private mergers and acquisitions, private equity, as well as venture capital transactions. He also acts for national and international clients on the legal aspects of restructurings, securities offerings and other general corporate matters.

Commenting on his appointment, Dr Benjamin Parameswaran and Dr Konrad Rohde, managing partners of DLA Piper in Germany, said: “Gerald’s arrival bolsters our existing capabilities in Germany, especially in Munich, and we are confident that he will play a valuable role in further strengthening our Corporate/M&A and Private Equity client offering. Gerald brings with him a wealth of knowledge and experience and he is an excellent addition to our already well-established Corporate/M&A and Private Equity practices. We look forward to welcoming him to the firm.”

Gerald Schumann added: “I look forward to joining DLA Piper’s leading team of legal professionals in the Munich office, and being part of a wider firm with first rate lawyers and outstanding credentials. DLA Piper has an impressive global Corporate practice which offers the perfect platform to further grow the business.”

Wildgen Opens a London Representative Office!

Our firm expands into the U.K. as a response to the increased U.K. interest in the Luxembourg market.

We are very pleased and proud to announce the opening of our representative office in London to facilitate cross-border deals and communication. Our office is centrally located in Mayfair, and fully operational.

Head of the London office, Partner Mark Shaw is an English solicitor and member of the Luxembourg Bar, specialising in financial services and funds; he joins Wildgen having previously worked in-house at a number of investment management companies. He comments: “By having a presence in London, it makes the firm far more accessible for our UK clients, and helps us to maintain strong relationships with local law firms. Clients will be able to receive relevant and timely advice on Luxembourg law, and discuss matters with a lawyer who combines an understanding of the nuances of the U.K. financial and legal markets with the Luxembourg legal and regulatory framework.”

“It is very exciting to lead Wildgen’s expansion in London, as it presents a unique opportunity for our firm. We advise exclusively on Luxembourg legal, tax and regulatory aspects but being here brings us much closer to local markets and opportunities in the U.K.. We are able to demonstrate the added value Luxembourg offers to corporates impacted by Brexit,” says Partner Samia Rabia, Luxembourg head of the representative office.

Apart from new business development, a presence in London will help us to maintain existing relationships with referrals and clients in the U.K., improve communications and open potential for expanding the services we have to offer. Regular meetings and events will be hosted in order to provide current and new clients with valuable insights into Luxembourg’s legal and regulatory developments.

HFW Boosts Greek Ship Finance with Partner Appointment and Senior Associate Hire as Office Celebrates 25th Anniversary

Sector-focused law firm HFW has boosted its leading Greek ship finance practice with the promotion of Piraeus consultant Kalliopi Karaiskaki to partner and the hire of senior associate Dimitra Gelti.

Kalliopi has also been appointed as head of the firm’s ship finance practice in Piraeus.

The moves continue HFW’s expansion of its global ship finance practice, following the hire of senior partner Siri Wennevik, who joined the firm’s Singapore office in January from Wikborg Rein, where she was previously Singapore managing partner.

HFW now has 15 ship finance partners across the firm’s 18 international offices, with teams in Dubai, Hong Kong, London, Paris, Piraeus, Singapore and Shanghai.

The moves also coincide with the 25th anniversary of HFW’s Piraeus office, which was established on 14 June 1993.

Kalliopi is an English- and Greek-qualified transactional lawyer with significant expertise in ship finance, corporate, and oil and gas.

Kalliopi previously spent almost three years as a consultant for HFW in Doha, where she was seconded as legal counsel at Maersk Oil and Qatar Gas Transport Company (NAKILAT). She also spent six years in London as an associate at Freshfields Bruckhaus Deringer and Richards Butler (now Reed Smith).

Kalliopi becomes the ninth new partner that HFW has promoted this year, following the internal promotion of eight new partners on 1 April.

Before joining HFW, Dimitra spent more than three years as an external legal consultant to Greek shipping industry clients. She was previously a senior associate at Stephenson Harwood in Piraeus.

Dimitri Vassos, Piraeus office head:

“Kal’s promotion and Dimitra’s hire reflect our continued commitment to ship finance and corporate shipping, which are core parts of our Greek practice. They also reflect our continued commitment to Greece, as our office celebrates its 25th anniversary. HFW Piraeus has grown from a relatively modest beginning in 1993 to become one of the largest practices of any international law firm in the country. I am both proud and privileged to have been part of a team who, through hard work and commitment to the firm’s values, have each contributed to the successful growth and development of the office. We are fortunate to have worked with some amazing clients over the past 25 years. I look forward to continued success together.”
Kalliopi Karaiskaki, head of Piraeus ship finance:

“I am very excited to join the partnership and to lead a team with such a strong reputation for ship finance and corporate shipping, in Greece and internationally. I look forward to working with the rest of the global team to offer clients the outstanding legal and industry expertise that they expect from HFW.”