Transactions UK

  • June 14, 2024

    New Entrant Expected In Pension Transfer Market, LCP Says

    Lane Clark & Peacock LLP said that another new insurer will enter the pension transfer market by the end of the year, bringing the total number of companies securing the liabilities of retirement savings plans to a record high.

  • June 14, 2024

    Labour Eyes Flexible Financial Regulation To Spur Growth

    The Labour Party prioritized financial services growth this week as it eyes Downing Street, suggesting a new era of more flexible regulation to drive technological innovation and competitiveness, regulatory lawyers say.

  • June 14, 2024

    UK Opens Probe Into Barratt's £2.5B Redrow Acquisition

    Britain's antitrust regulator has launched a formal probe into whether Barratt Developments PLC's £2.5 billion ($3.1 billion) all-share deal for rival homebuilder Redrow PLC could harm competition in U.K. markets, according to a statement published Friday on the London Stock Exchange.

  • June 14, 2024

    Malaysian Oil Biz Hibiscus Buys TotalEnergies Unit For $259M

    Kuala Lumpur-based oil and gas producer Hibiscus Petroleum Berhad said it has agreed to buy a Brunei subsidiary of France's TotalEnergie for $259 million, advised by Malaysian law firm Murad Yee Partnership.

  • June 14, 2024

    EQT Extends £2B Offer Deadline For Video Gaming Biz

    Keywords Studios said Friday that Swiss private equity firm EQT has been granted extra time to make a £2 billion ($2.5 billion) offer after the Irish gaming services group indicated that it could back the deal.

  • June 14, 2024

    Housebuilder Crest Nicholson Rejects £650M Bellway Bid

    British homebuilder Crest Nicholson said Friday that it has rejected a proposed £650 million ($826 million) offer from rival Bellway, saying that it significantly undervalued the company and its prospects.

  • June 13, 2024

    JP Morgan Had No Incentive To Devalue Fintech Joint Venture

    J.P. Morgan had no reason to devalue a payment company it co-owned with fintech business Werealize, a London judge ruled Thursday, in a decision that ended the companies' dispute over the investment bank's option to buy out its partner's stake in their joint venture.

  • June 13, 2024

    Deals Rumor Mill: Paramount, Cineworld, Kraken IPO

    Media executive Edgar Bronfman Jr. has expressed interest in buying the company that controls Paramount Global, British cinema giant Cineworld may sell certain U.K. operations, and cryptocurrency exchange Kraken is considering a funding round of about $100 million before a potential initial public offering. Here, Law360 breaks down these and other notable deal rumors from the past week.

  • June 13, 2024

    How 3 Firms Cleared 2 Ex-Autonomy Execs In HP Fraud Case

    A California federal jury's rejection last week of fraud charges against the founder and former finance vice president of British software company Autonomy validated an approach by the defendants' three law firms — Steptoe, Clifford Chance and Bird Marella — to form a "seamless" collaboration throughout the trial, from jury selection to closing arguments.

  • June 13, 2024

    Robin AI Launches Tool To Automate M&A Due Diligence

    U.K. legal tech company Robin AI said Thursday that it has launched a new tool designed to streamline due diligence in mergers and acquisitions, in a move that will save time by offering a cost-effective alternative to the multimillion-pound fees charged by top firms.

  • June 13, 2024

    Property Investor Palace To Return Up To £22M To Investors

    Palace Capital PLC on Thursday detailed a share repurchase program worth up to £21.67 million ($27.7 million), aimed at returning capital to shareholders.

  • June 13, 2024

    Davis Polk-Guided Care Home Co. Eyes €237M Capital Raise

    Clariane SE on Thursday launched a rights issue of new shares in the company worth €237 million ($255.8 million), as the troubled French nursing home provider looks to continue cutting its debt levels in the face of higher interest rates.

  • June 13, 2024

    Eversheds-Led Mining Co. To Buy Trident Royalties For £144M

    Deterra said on Thursday that a unit has agreed to buy U.K.-based mining royalty company Trident Royalties PLC for roughly £144 million ($184 million), as the Australian iron ore mining company seeks to diversify its portfolio and geographical presence.

  • June 13, 2024

    Payment Services Firm Launches £20M Share Buyback

    PayPoint PLC said Thursday it will start an up to £20 million ($25.6 million) share repurchase program, part of a planned three-year buyback scheme aimed at rewarding shareholders.

  • June 13, 2024

    Troubled Insurer Considers Liquidation To Finish Onex Sale

    Struggling insurance company R&Q said on Thursday that it could fall into liquidation to allow it to complete the sale of its underwriting unit to a Canadian private equity shop, Onex Corp.

  • June 12, 2024

    Rimon Hires 5 Partners, Expands Global Transactions Team

    A team of five partners focusing on transactional, finance and corporate matters has joined Rimon PC across several countries to represent investors, asset managers, credit funds and other clients.

  • June 12, 2024

    Ex-Serco Chair Says Contract Fraud 'Came Out Of The Blue'

    Serco's former chair said at a London trial Wednesday that the scandal of its overbilling for government contracts left a "cloud" hanging over the outsourcing multinational, as the company clashes with investors seeking to recover their losses from the resulting plunge of its stock price.

  • June 12, 2024

    Gowling, Eversheds Steer £125M Med. Nonprofit Pension Deal

    Pension insurance company Rothesay said it has completed a £125 million ($160 million) full scheme buy-in with a plan sponsored by The nonprofit Medical Protection Society Ltd., in a deal steered by Gowling WLG and Eversheds Sutherland.

  • June 12, 2024

    Argentina Loses Appeal Over €1.3B Payment In Bonds Dispute

    Argentina cannot avoid paying out €1.3 billion ($1.4 billion) to bondholders for wrongly adjusting the way it calculates yields for government securities as a London appeals court rejected on Wednesday its construction of a contractual dispute.

  • June 12, 2024

    Sweden's Karnov Buys Danish Legal Info Biz For $46M

    Swedish professional services provider Karnov Group AB said Wednesday it has agreed to acquire the Danish legal information unit of J.H. Schultz Information A/S for 478 million Swedish krona ($46 million) to help build its generative AI business.

  • June 12, 2024

    Insurer L&G Plans £200M Share Buyback To Boost Returns

    Legal & General Group PLC on Wednesday said it will launch a £200 million ($255 million) share repurchase program as it unveiled plans to boost returns for investors and focus on core areas of its business.

  • June 12, 2024

    Makeup Biz To Buy Norwegian Logistics Co. For Up To $23M

    Aqua Bio said Wednesday it has agreed to buy Jetcarrier AS, a logistics and customs clearance specialist, for up to 241 million Norwegian kroner ($22.6 million), as the skincare ingredient supplier looks to bolster its supply chain management.

  • June 12, 2024

    Property Investor Special Opportunities Scraps IPO Plans

    Special Opportunities REIT said on Wednesday its planned listing on the London Stock Exchange's standard segment has failed after the U.K. property investor was unable to raise the minimum £250 million ($321 million) needed to proceed with the float.

  • June 12, 2024

    Winemaker's £46M Buy Of Spirits Group Wins Court Backing

    English sparkling wine producer Nyetimber's £46.1 million ($58.8 million) acquisition of The Lakes Distillery, a liquor maker, has won court approval, the companies said on Wednesday.

  • June 12, 2024

    French Tech Co. Atos To Sell Energy Consultancy For €270M

    Atos has said it is selling its energy advisory business to engineering consultancy Alten in a €270 million ($290 million) deal as the French technology company aims to lower its €4.8 billion pile of debt.

Expert Analysis

  • What The New Digital Markets Bill Will Mean For Companies

    Author Photo

    The recently passed Digital Markets, Competition and Consumer Bill will bring significant reform to U.K. merger control and antitrust rules for all businesses, but the introduction of a strategic market status regime and its reporting obligations means large tech organizations in particular need to think carefully about the forthcoming changes, say lawyers at Linklaters.

  • Insurance Ruling Stresses High Hurdle To Fix Policy Wording

    Author Photo

    In Project Angel v. Axis, the Court of Appeal recently refused to rewrite the exclusion clause of an insurance policy, reminding parties in the warranty and indemnity market to carefully word clauses, as there is a high threshold before courts will intervene to amend policies, say Joseph Moore and Laura McCann at Travers Smith.

  • CMA Reports Signal Tighter Scrutiny Of AI Model Markets

    Author Photo

    The Competition and Markets Authority’s recent reports on artificial intelligence foundation models suggest that competition in AI is not working as it should, so large digital firms can expect the regulator to use its full toolbox as it continues to monitor and investigate the sector, say lawyers at Cooley.

  • How Gov't Response Addresses Investment Act Concerns

    Author Photo

    The government’s recently published response to a call for evidence on the National Security and Investment Act is largely appropriate to stakeholder concerns raised and demonstrates in its five areas of focus that it is willing to respond to live issues, say lawyers at Watson Farley.

  • Pharma Remains A Key Focus Of EU Antitrust Enforcement

    Author Photo

    The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.

  • The Dangers Of Providing Misleading Info In A Merger Review

    Author Photo

    Although Kingspan's recent proposed acquisition of Trimo, brought before the European Commission, was abandoned following investigation for an alleged breach of EU Merger Regulation requirements, it has brought to light the importance of submitting accurate and complete information in merger reviews to avoid incurring a substantial fine, say lawyers at Steptoe.

  • Cum-Ex Prosecutions Storm Shows No Sign Of Abating

    Author Photo

    The ongoing trial of Sanjay Shah in Denmark is a clear indicator that efforts remain focused on holding to account the alleged architects and beneficiaries of cum-ex trading, and with these prosecutions making their way across Europe, it is a more turbulent time now than ever, says Niall Hearty at Rahman Ravelli.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

    Author Photo

    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • EU Inquiry Offers First Insight Into Foreign Subsidy Law

    Author Photo

    The European Commission's first in-depth investigation under the Foreign Subsidies Regulation into a public procurement process, and subsequent brief on regulatory trends, sheds light on the commission's approach to such cases, as well as jurisdictional, procedural and substantive issues under the regulation, says Matthew Hall at McGuireWoods.

  • Key Points From EC Economic Security Screening Initiatives

    Author Photo

    Lawyers at Herbert Smith analyze the European Commission's five recently announced initiatives aimed at de-risking the EU's trade and investment links with third countries, including the implementation of mandatory screening mechanisms and extending coverage to investments made by EU companies that are controlled subsidiaries of non-EU investors.

  • Vodafone Decision Highlights Wide Scope Of UK's FDI Rules

    Author Photo

    The U.K. government’s recently imposed conditions required for its approval of Vodafone and Etisalat’s strategic relationship agreement under its National Security and Investment Act jurisdiction, illustrating the significance of the act as an important factor for transactions with a U.K. link, says Matthew Hall at McGuireWoods.

  • What Extension Of French FDI Control Means For Investors

    Author Photo

    The recently published French order on foreign investment control expands the regime's application to more sectors and at a lower threshold of share ownership, illustrating France's determination to maintain sovereignty over its supply chains in sensitive sectors, and adding new considerations for potential investors in these areas, say lawyers at Linklaters.

  • What To Expect For Private Capital Investment Funds In 2024

    Author Photo

    As 2024 gets underway, market sentiment in the private fundraising sphere seems more optimistic, with a greater focus on deal sourcing and operational optimizations, and an increased emphasis on impact and sustainability strategies, say lawyers at Ropes & Gray.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

    Author Photo

    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

  • Acquisition Of AI Tech Poses Challenges For Media Industry

    Author Photo

    The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!