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Harris Kyriakides LLC establishes Cyprus law internship program in association with the University of Oxford

Harris Kyriakides LLC has reached an agreement with the University of Oxford that will allow the operation of a summer internship program to be offered to Oxford University law students interested to enhance their knowledge and expertise on the Cyprus legal system. In establishing this program, Harris Kyriakides LLC has teamed up with the Internship…

Ministry of Finance issues roadmap for lifting capital restrictions in Cyprus

The Ministry of Finance in Cyprus has announced a road map for the lifting of restrictions on bank transactions imposed in March 2013. In a statement issued on 18 September 2013, it was announced that restrictive measures enforced on grounds of public interest and to ensure stability of the financial system will be gradually removed….

Wragges votes in favour of LG merger to create Wragge Lawrence Graham & Co

Wragge & Co and Lawrence Graham (LG) are to finally merge after partners voted in the move on Monday, creating a £170m firm under the name Wragge Lawrence Graham & Co. The two firms started speaking in 2009, when Wragges began drawing up a list of London merger targets as it looked to invest £20m…

Osborne Clarke sets up shop in Amsterdam

Osborne Clarke is to launch an office in Amsterdam in the New Year, marking the firm’s fourth international opening with a year. The new base will open focus on the digital business sector initially, with plans to expand into real estate and renewables over the next financial year. No head has been decided as yet…

1,000 crime solicitors to descend on Law Society in bid to oust leadership

Beleaguered Law Society officials are braced for up to 1,000 angry criminal legal aid solicitors to swamp a special meeting in less than a fortnight’s time as the row over Chancery Lane’s leadership peaks. Proponents of a motion of no confidence in the society’s president and chief executive have organised coach convoys from at least…

Chinese investment picking up speed

UK prime minister David Cameron’s current visit to China could potentially see China investing in the hotly-debated $50bn High Speed 2 rail line project, and Chinese investment into the UK picking up speed in general. But even before Cameron’s trip, Chinese money has been pouring into Great Britain and has been keeping City firms’ corporate…

DAC Beachcroft merges with Colombian alliance firm

DAC Beachcroft has merged with Colombian insurance firm De La Torre & Monroy Abogados Asociados and started trading as DAC Beachcroft Colombia yesterday (1 December). Having entered into a formal association with De La Torre & Monroy earlier this year (20 March 2013), DAC Beachcroft partners agreed the merger with a vote that closed on…

Ashurst advises on first German public takeover by Chinese state-owned company

Ashurst was among a raft of firms that have secured advisory roles in Chinese state-owned group Aviation Industry Corporation of China (AVIC)’s €320m acquisition of German listed company KHD Humboldt Wedag International AG (KHD). The Chinese group, which already indirectly owns a stake in German industrial-plant builder KHD, has submitted a voluntary public takeover offer…

Deloitte the winner in UK 200 audit race

Deloitte has emerged as the dominant player in the UK law firm audit market, new research by The Lawyer has revealed. Two-thirds of this year’s UK 200 top 30 firms are clients of Deloitte. The firm’s closest competitor in this group is Nexia Smith & Williamson, which in contrast to Deloitte’s 20 has just two…

Wragges and Lawrence Graham prepare for £170m merger vote

Lawrence Graham (LG) and Wragge & Co are in merger talks to create a £170m firm, partners were told today. Wragge & Co senior partner Quentin Poole confirmed the talks, stating: “We have been open about our strategy and the fact that we are looking at opportunities to strengthen our ability to serve clients in…