Credentials

Corporate

  • BP on the divestment of its interest in Kazakhstan's Tengiz oil field and the Caspian Pipeline Consortium pipeline, through the sale of its $1.6 billion 46% stake in LUKARCO to Russia's LUKOIL
  • Credit Suisse, J.P. Morgan Cazenove and Macquarie on the US$15 billion rights issues by Rio Tinto plc and Rio Tinto Limited – the first rights issue to be announced by a dual-listed company
  • Credit Suisse, HSBC and J.P. Morgan Cazenove on Prudential's US$21 billion rights issue in connection with the US$35.5 billion acquisition of AIG's Asian operations
  • EDF Group on the £2.3 billion sale of a 20% interest in its British Energy business to Centrica plc and the formation of a joint venture to construct, operate and decommission a new generation of nuclear power plants in the UK
  • Lazard, Citi, Deutsche Bank and Centerview Partners on Kraft's £11.9 billion recommended bid for Cadbury

Dispute resolution

  • BSkyB on its successful claim against EDS for deceit, negligent misrepresentation and breach of contract
  • Chevron on all aspects of civil and criminal proceedings arising out of the explosion at the Buncefield terminal. The claims have been brought by some 4,000 claimants for damages and in total they exceed £1 billion
  • Mabey & Johnson in connection with the SFO's landmark prosecution of the bridge manufacturer for corruption offences and sanctions violations
  • Qatari Diar in its dispute with CPC Group Limited in relation to a project to develop the former Chelsea Barracks site in West London
  • Stagecoach South Western Trains Limited in an arbitration brought under the RIDR Rules against the Secretary of State for Transport

Finance

  • an informal steering committee of the senior noteholders in the Fleet Street Finance Two PLC CMBS in the restructuring of EUR1.2 billion of senior debt secured on a large portfolio of German property occupied by the Karstadt and Quelle department stores
  • Credit Suisse, J.P. Morgan Cazenove and HSBC on the financing of UK life insurer Prudential's deal to buy the Asian operations of AIG for US$35.5 billion in cash and shares
  • Standard Chartered Bank and IFC on the provision of a new US$750 million borrowing base facility to Cairn Energy Hydrocarbons Limited, the first major reserve-based lending facility to be underwritten by a single bank rather than financed on a club basis since the start of the financial crisis
  • Tata Motors Limited/JaguarLandRover Limited on a new US$1 billion financing to JaguarLandRover Limited, guaranteed by Tata Motors Limited, as part of the refinancing of the US$3 billion acquisition of Jaguar Cars and Land Rover by Tata Motors

Real estate

  • BAA in relation to the real estate and planning aspects of the sale of London's Gatwick Airport to an entity controlled be Global Infrastructure Partners for £1.51 billion
  • Carlyle Real Estate on the potential acquisition of the real estate portfolio of one of the largest financial entities in Spain
  • EDF on the sale of land at Wylfa, Anglesey and the purchase of land at Bradwell Essex, both sites earmarked for the construction of the next generation of nuclear reactors in the UK in the NDA's recent online auction
  • Qatari Diar Real Estate Investment Company on its acquisition of the Grade-II listed US Embassy building in Grosvenor Square, London W1
  • Standard Chartered Bank in relation to a 100,000 plus sq ft office development in Dubai

Competition

  • BAA on the Competition Commission's market investigation into UK airports markets and its successful appeal to the Competition Appeal Tribunal
  • EDF on the complex competition and regulatory aspects of its £12.5 billion recommended takeover of British Energy Group and on the disposal of a stake in British Energy Group to Centrica
  • JJB Sports on its leniency application to the OFT in relation to a suspected agreement or concerted practice to dampen competition in the sports retail market
  • Pilkington on the European Commission's investigation into alleged cartel conduct in the flat glass and car glass sectors and an appeal to the EU General Court
  • Virgin Atlantic on the OFT's ongoing criminal and civil investigations into long-haul passenger fuel surcharges

Employment, pensions and incentives

  • De La Rue on the introduction of new hybrid benefit structure and mortality risk sharing mechanisms
  • EDF on the employment, pensions and incentives aspects of its £12.5 billion takeover of British Energy
  • Ernst & Young as administrators of Nortel Networks UK Limited (in administration) on the employment and pensions issues arising from the administration of more than 30 subsidiaries in EMEA
  • UBS in the widely reported case against Vestra and certain former employees resulting in new law on the circumstances in which "springboard injunctions" can be obtained to protect employers in the face of mass resignations by employees
  • Yell on the incentives aspects of its £660 million refinancing involving 12 employee share plans in a number of jurisdictions worldwide

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