Nachrichten der Wirtschaftskanzleien

Intel to Acquire Mobileye

Skadden News - 13.03.2017
Skadden is representing Intel Corporation in its approximately $15.3 billion acquisition of Mobileye N.V.

Olswang and Career Ready mark International Women’s Day with CMS and Nabarro at seventh annual career masterclass for London students

Olswang News - 10.03.2017

 

International technology, media and telecoms law firm Olswang and national charity Career Ready today jointly hosted London female students at their annual International Women’s Day event, which seeks to inspire young women by providing practical career advice from some of the country's leading female business women. This year, the event was held in conjunction with CMS and Nabarro, leading international law firms with which Olswang will combine as of 1 May 2017.

At this year’s seventh annual event entitled ‘Masterclass: make connections, get ahead!’, more than 70 Career Ready students from schools across London gathered at Olswang’s London office to hear career tips from female leaders at an array of well-known companies and organisations, including:

  • Kathy Atkinson, Legal Director, Kettle Foods Ltd.
  • Alison Baum, CEO, Best Beginnings
  • Stella Beaumont, Non-Executive Director, Nabarro
  • Susan Chiappinelli, VP, Patents Pharma Platforms, GlaxoSmithKline
  • Patricia Wick Christias, Head of Legal, Microsoft Limited
  • Sarah Davis, Group Commercial Legal Director, Guardian Media Group plc
  • Louise Gellman, IP & IT Partner, Nabarro (host)
  • Andrea Grossman, Director, Talking Talent
  • Samantha Jukes-Adams, Senior Vice President Scripted Production, NBCU Intl Studios
  • Ruth Marken, Partner, Olswang
  • Jenny Tooth, Chief Executive, UK Business Angels Association
  • Penelope Warne, Senior Partner and Head of Energy, CMS
  • Sarah Wright, Partner and Head of Trade Marks, Olswang (host)


Career Ready is the national charity that links schools and colleges with employers to open up the world of work to young people. Anne Spackman, Chief Executive of the charity, said: “This is an inspirational and impactful experience for our young London students. They learn to network and present to the kinds of professional women they might one day become.”

Olswang Partner and Head of Trade Marks Sarah Wright, who hosted the event, said: "It has been wonderful to be able to share the morning with a group of ambitious young women who are just starting out on their career journeys. I hope that the tips and strategies they learnt today from our inspirational female clients will help them to win their place at university or college or secure their first job."

CMS Senior Partner and Head of Energy Penelope Warne commented: “We need to pay more attention to the next generation. One of my priorities is to lead a business that has a supportive and encouraging culture where the careers of all can thrive. It is very important to consider how we can inspire, encourage and support young female students as they embark on the career journey and I was delighted to participate in this event.”

Nabarro IT & IP Partner Louise Gellman said: “Today’s young women will change the face of business tomorrow. I have no doubt the amazing female leaders we have heard from today will inspire this next generation. I can’t wait to see what they will achieve.”

 


CMS, Nabarro and Olswang are united in their vision, culture and values and strong commitment to diversity and inclusion, and look forward to combining our skills and thoughts around our extensive diversity and CR programmes. For example, CMS recently led a phenomenal fundraising campaign for War Child in which the firm raised over £500,000 for War Child over the lifetime of the partnership, and last spring, Olswang exceeded the fundraising target of £100,000 for the firm's UK charity partner, Carers Trust. Nabarro also raised over £90,000 for Carers Trust and St Luke’s Hospice last year. The firms look forward to working together and build on our commitment to ensuring that we have strong and sustainable Corporate Responsibility and Diversity programmes in place. 

Learn more about Olswang's commitment to being a responsible business at www.wearecr.com.


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EMC Directors Successfully Defend Dismissal of Shareholder Claims

Skadden News - 10.03.2017
On March 6, Skadden obtained the Massachusetts Supreme Judicial Court's affirmance of the dismissal of shareholder claims against directors of EMC Corporation arising out of its 2016 merger with Dell Inc.

Review of Class Certification Denied in UBS Puerto Rico Case

Skadden News - 10.03.2017
Skadden successfully defeated an attempted interlocutory appeal of an order denying class certification in a putative securities class action brought against UBS Financial Services Incorporated of Puerto Rico and other defendants.

TerraForm Global, Controlling Stake in TerraForm Power to Be Sold

Skadden News - 09.03.2017
Skadden is representing SunEdison, Inc. in the acquisition by Brookfield Asset Management, Inc. of TerraForm Global, Inc. and a controlling interest in TerraForm Power, Inc.

Olswang advises IP support services business RWS Holdings plc on share placing and debt financing in relation to US$82.5m acquisition of LUZ, Inc.

Olswang News - 07.03.2017

International technology, media and telecoms law firm Olswang has advised long standing client RWS Holdings plc, a world leading provider of intellectual property (IP) support services listed on the AIM market of the London Stock Exchange, on the share placing and debt financing aspects of its acquisition of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco for cash consideration of US$82.5m.

RWS offers patent translations, international patent filing solutions and searches; commercial translations; and linguistic validation.  The acquisition increases its market share and specialist offering, particularly in language services. It also adds complementary regulatory and medical device specialisms and enhances its US footprint by adding a West Coast presence.

Corporate Partner Nick Crosbie commented: "We are pleased to have advised our long-standing client RWS on the successful placing and debt financing in connection with the acquisition, which complements their existing Life Sciences offering."

Nick Crosbie led the team from Olswang along with Corporate Senior Associate Nicole Gyring-Nielsen, Partner and Head of Finance Charles Kerrigan, Finance Senior Associate Gurminder Muker. The team was assisted by Trainees Krishan Neelandra, Dave Johns and Daniel Hope.


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JD.com Group to Spin Off JD Finance

Skadden News - 06.03.2017
Skadden represented JD.com, Inc., the largest Chinese e-commerce company by revenue, in its 14.3 billion renminbi (US$2.07 billion) disposition of its 68.6 percent equity stake in JD Finance, which runs JD.com’s internet finance business.

Olswang advises Turner on two transactions across its TV and digital portfolios

Olswang News - 03.03.2017

International technology, media and telecoms law firm Olswang has advised long-standing client Turner International, a division of Time Warner, on two transactions in recent weeks.

In early February Olswang advised Turner International's Digital Ventures & Innovation Group on its equity investment digital media sports company Bigballs Media (BBM), parent company of one of the world's fastest growing digital video platforms for football content, Copa90. BBM will use the investment to fuel its international expansion, content production and distribution arrangements. Turner is the largest provider of funding for the Series B investment round and the main strategic investor.

Olswang has also advised Turner Broadcasting on the sale of the UK version of the TruTV television channel. As part of the deal, Turner will continue to represent ad sales for the channel.

Corporate Partner and Co-Head of the firm's Media practice Paul Guite, who led both transactions, commented: "We are delighted to have advised the recently formed Digital Ventures & Innovation Group of long-standing client Turner on its investment in BBM, as well as acting on the sale of the TruTV channel. We look forward to following the success of the BBM investment and working with the Turner team in the future."

Paul Guite and Corporate Associate Sarah Wilson advised on the BBM investment. Paul and Sarah, along with Commercial Partner John Enser, Tax Partner Stephen Hignett and Senior Associate (Barrister) Robert Sartor advised on the sale of TruTV.

The firm has an unparalleled standing in the international media industry, both for its sector knowledge and long-standing client base in the TV, film, music and advertising industries.

Olswang's Media practice is consistently ranked in the top tier of leading legal directories.

Read more about Olswang’s international legal practice on the firm’s website.


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Veritas Capital Acquires Capital Services Business From CB

Skadden News - 02.03.2017
Skadden is representing Veritas Capital in its $755 million acquisition of the capital services business of Chicago Bridge

Appellate Division Affirms Dismissal of Castle Harlan Claims

Skadden News - 02.03.2017
In a win for Skadden client Castle Harlan Inc., the New York Supreme Court, Appellate Division affirmed the dismissal of a seven-count complaint brought by Russian-owned companies Norcast S.ár.l and Pala Investments Ltd. arising from the 2011 sale of Norcast Wear Solutions (NWS), a Canadian mining products company.

EMAS Chiyoda Subsea Restructures

Skadden News - 02.03.2017
Skadden is advising EMAS Chiyoda Subsea Limited and its affiliates on a Chapter 11 reorganization in the Southern District of Texas.

ABB Group Divests Certain Businesses to NKT Cables

Skadden News - 02.03.2017
Skadden represented the ABB Group in the European Union antitrust aspects of the $934 million divestment of its high-voltage cables and power cable accessories businesses to NKT Cables.

EIG Secures Credit Facility for Elba Liquefaction Acquisition

Skadden News - 02.03.2017
Skadden represented Société Générale and Morgan Stanley, as joint lead arrangers and lead underwriters, and a syndicate of commercial bank lenders in connection with a $635.7 million credit facility provided to a subsidiary of EIG Global Energy Partners (EIG) for the acquisition by EIG from Kinder Morgan, Inc. of a 49 percent interest in Elba Liquefaction Company, L.L.C.

AES and AIMCo to Acquire sPower

Skadden News - 02.03.2017
Skadden is representing The AES Corporation and Alberta Investment Management Corporation (AIMCo) in their $853 million acquisition of FTP Power LLC (sPower).

Hot Topic: Commodities Litigation

Skadden News - 01.03.2017
London international litigation and arbitration partner David Edwards contributed to a roundtable discussion on commodities litigation published by Corporate Disputes magazine.

Former AIG Chairman Settles Case With New York Attorney General

Skadden News - 01.03.2017
As co-counsel, Skadden advised Maurice "Hank" Greenberg, the former chairman and CEO of American International Group, Inc., on the highly successful conclusion of his 12-year battle with the Office of the New York State Attorney General.

China Yuhua Education Lists in Hong Kong

Skadden News - 28.02.2017
Skadden advised China Yuhua Education Corporation Limited on its initial public offering on the Hong Kong Stock Exchange.

Sovereign Wealth Fund and Beacon Capital Lead Investor JVs

Skadden News - 28.02.2017
Skadden is advising a sovereign wealth fund on its $1 billion joint ventures with Beacon Capital to acquire office assets in Washington, D.C.

Amicus Brief Filed to Support Challenge to Immigration Order

Skadden News - 24.02.2017
Skadden is counsel of record on an amicus brief filed with the U.S. District Court for the Eastern District of New York supporting petitioners challenging President Trump's January 27 executive order restricting immigration.

Olswang advises online gaming company 32Red on Kindred Group's £175.6m offer

Olswang News - 23.02.2017

International technology, media and telecoms law firm Olswang is advising AIM-listed online gaming company, 32Red, on the recently announced recommended offer by Kindred Group plc, one of the largest online gambling companies in the world.

Kindred's offer of 196 pence per share values 32Red at £175.6m and is to progress by way of a takeover offer.  32 Red is also being advised by financial advisers, Numis.

Founded in 2002, 32Red is based in Gibraltar and operates online casino, online poker, online bingo and online sports betting under the brands 32Red.com, 32RedPoker.com, 32RedBingo.com and 32RedSport.com.  In 2015, 32Red acquired the Roxy Palace online casino business.

Olswang Corporate Partner Rob Willis is leading the team, assisted by Tom Jameson and Tim Watkins (corporate); Andy Quayle and Cathy Merry (Share Schemes); David Zeffman and Anna Soilleux-Mills (Gambling Regulatory); and Ruth Marken (Finance).


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