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Linklaters advises on first Chinese RMB bond issuance in the Eurozone

15 May 2014 – Linklaters has advised the Bank of China on its first offshore Renminbi (RMB) ‘Schengen bond’. This bond, which will be listed on the Euro MTF market of the Luxembourg Stock Exchange, means that the Bank of China to be the first Chinese mainland company to issue RMB bonds in the Eurozone….

Weightmans promotes first non-lawyer partner after gaining ABS licence

Weightmans has announced the promotion of seven partners, including its first non-lawyer partner, marketing director Sarah-Jane Howitt. Howitt is promoted to the fixed-share partnership alongside six lawyers from across the firm’s offices and practice areas. Weightmans became one of only a handful of top-50 firms to gain an ABS licence late last year (23 December…

Addleshaws transaction services chief quits for DWF

Addleshaw Goddard’s former employment head, client relationship manager and the mastermind of the transaction services offering, Andrew Chamberlain, is to join DWF as employment head. The shock move comes just days after the firm voted in John Joyce as managing partner (16 May 2014) succeeding Paul Devitt who stood down from the role a year…

Ashurst advises Berenberg Bank on the financing of the acquisition of confectionery group Hussel

Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) on the financing of the acquisition of confectionery specialist Hussel by Munich-based private equity fund Emeram Capital Partners. The loan agreement was signed on 25 April 2014. Berenberg acted as super senior lender. The loan was provided by debt fund Avenue Capital in the form…

Clydes to face whistle-blowing claim after Supreme Court holds LLP members are protected

The Supreme Court has ruled that LLP members are protected by whistle-blowing legislation paving the way for the first whistle-blowing case against a law firm. Former Clyde & Co partner Krista Bates van Winkelhof alleged that she was ejected from the firm after blowing the whistle on alleged bribery and corruption by Kibuta Ongwamuhana, the…

In-housers name Freshfields and Herbies as most popular brands

Freshfields Bruckhaus Deringer is the most popular legal brand in London and the UK among general counsels, research by Acritas claims. The research, based on responses of 344 senior general counsel in UK organisations with revenues over £25m reveals Herbert Smith Freehills (HSF) and Freshfields as the big winners in the capital having climbed to…

Taylor Wessing adds Korean firm to Asia network

Taylor Wessing has formed an association with South Korean firm DR & AJU, becoming the latest UK firm to make a move into the jurisdiction. The association will give Taylor Wessing access to over 100 lawyers in Korea. DR & AJU is a full-service firm established in 1994 with 120 lawyers including 18 partners. It…

Ashurst advises DZ BANK and Commerzbank on refinancing the acquisition of Geka group by 3i

Ashurst advised DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ BANK) and Commerzbank Aktiengesellschaft on the refinancing of the acquisition of cosmetics provider Geka by British finance investor 3i. The parties have agreed not to disclose the financing volume. Ashurst also advised the two banks on the granting of the initial revolving credit facility….

Clyde & Co raids Linklaters ally Webber Wentzel for dual South Africa launch

Clyde & Co has entered South Africa with a five-lawyer raid on Linkaters’ ally Webber Wentzel’s insurance and legal liability group. The firm has launched with two partners in Cape Town today (16 May) and will launch a second office in Johannesburg as soon as departure dates for a further two partners and one consultant…

A&O mulls 20 per cent female partnership target in diversity push

Allen & Overy (A&O) is considering introducing a 20 per cent female partnership target by 2020 in an effort to better promote gender diversity. Insiders said the firm was looking to shake off its masculine image in an effort to be more female friendly, with A&O global HR director Genevieve Tennant leading the move. Nevertheless,…