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  • Lovells has advised on the second-largest initial public offering in Hong Kong this year – BBMG Corporation’s HK$6 billion ($774 million) issue.
  • Asia-based funds will be forced to rethink the ways they raise money if the EU’s Alternative Investment Fund Management directive goes through
  • The product itself only emerged in the past few months. Now forward start facilities are evolving beyond their original use
  • Lovells has ramped up its team in Asia with one new hire and a relocation.
  • The UK Insolvency Service’s proposed amendments are worrying banks by threatening their rights as secured creditors
  • Tata Steel has raised $500 million by offering global depository receipts (GDRs) on the London Stock Exchange. This is the largest Indian GDR issue ever in London and is the largest non-domestic capital raising by a company on any European exchange this year. Cleary Gottlieb Steen & Hamilton lead by partner Raj Panasar out of London advised Tata on English law and US law matters. The steel manufacturers turned to Amarchand & Mangaldas & Suresh A Shroff for Indian advice. Milbank Tweed Hadley & McCloy advised the managers with regard to English and US matters and Talwar Thakore and Associates represented them in India.
  • The Special Inspector General for the Troubled Asset Relief Programme’s investigations of Tarp fraud would be easier if the US Treasury Department helped
  • Delaware Court of Chancery Vice Chancellor Stephen Lamb is joining Paul Weiss Rifkind Wharton & Garrison.
  • Despite many of Russia’s proposals to modernise its bankruptcy system being lauded, to be successful it needs to consider allowing netting
  • Paul Weiss Rifkind Wharton & Garrison represented Ericsson in its purchase of Nortel Network’s code division multiple access (CDMA) business for $1.13 billion.