Lorraine Johnston

Sullivan & Cromwell sent shockwaves across London's legal scene when the news broke on Monday that it is hiring two of the City's best known corporate lawyers—Kon Amisacopoulos from Kirkland & Ellis and Mike Francies, formerly of Weil Gotshal & Manges. Amisacopoulos has acted on some of the biggest restructurings in the U.K. of the past 10 years, while Francies, though recently retired, has for nearly three decades enjoyed a reputation as one of London's most prominent private equity M&A leaders. Given the calibre and profile of the double-hire, it has given way to plenty of speculation, chiefly, whether or not Sullivan & Cromwell is going to replicate Paul, Weiss, Rifkind, Wharton & Garrison's hyper-aggressive London growth strategy. Could the hires be the first step in the elite-but-conservative Sullivan & Cromwell's transformation into a major London competitor? According to sources close to the matter, the firm is going to make more big name hires. It is planning to bring on around five more high profile partners in London, one of the people said, as well as make several internal promotions, with at least three partner promotions expected in the near term. These numbers suggest that the firm isn't quite expecting to replicate Paul Weiss' much-lauded hiring spree, which began in 2023 after it enlisted Neel Sachdev and other debt finance rising stars from rivals including Kirkland & Ellis, Linklaters and others. But Sullivan & Cromwell has started from a higher base. It already has more than 50 fee-earners in London, around 17 of whom are partners. Full story from Molly Smith: https://lnkd.in/e5YkiHAe

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JSA Advocates and Solicitors advised IIFL Capital Services Limited and Indorient Financial Services Limited in relation to the proposed initial public offering of equity shares of Associated Power Structures Limited. Read more: https://lnkd.in/dhHwPWAs The JSA transaction team was led by Partner Arka Mookerjee, with support from the Equity Capital Markets Team comprising Partner Pracheta Bhattacharya, Partner Anshu Bansal, Principal Associate Ananth Balaji and Arjun Rastogi, and Associates Bhavna Sancheti, Jeebitesh B., Bhuvnesh Kumar, Ritu R Jaiswal, Shreya Sharma, Bernedict Rozario and Sourav Jena #JSA #LeadingLawyers #LeadingLawFirm #CapitalMarkets #IPO #CorporateLaw #DealUpdate #FinancialServices

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Read the latest on Weil’s European Restructuring Watch from Neil Devaney, Andrew Wilkinson, Natasha Ayres, Matt Benson, Lois Deasey, Jenny Davidson, Gemma Sage and Mark Lawford – Cross Border Recognition of Restructurings: The 2019 Hague Judgments Convention Comes into Effect in the UK – https://lnkd.in/eD6UqzrJ

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A huge merger, a brilliant Team Latham effort, and it’s keeping its primary listing in London 🤓🔥🇬🇧 A cross-border Latham team advised Anglo American on its US$65 billion merger of equals with Teck to form the Anglo Teck Group, a global critical minerals champion. The team was led by New York/Orange County partner Charles Ruck and London partners Samuel Newhouse and Ed Barnett, together with New York partner Andrew Elken, London partner Anna Ngo, and Los Angeles partner Andrew Clark. https://lw.link/9xdPih

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Stephenson Harwood LLP Advised ABN AMRO Bank N.V. On US$50 Million Secured Revolving Credit Facility To Star Bulk Subsidiary The Stephenson Harwood team was led by Chris Vartzis, with support from Vanessa Tzoannou, Andreas Papachristodoulou, and Constantina-Mikaella Koutsouba-Santos. Link to read full News : https://lnkd.in/dQ9X6ghZ #stephensonharwood #abnamro #starbulk #shipfinance #maritimelaw #securedfinancing #creditfacility #shippingindustry #mna #legalnews

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4 New Square Chambers’ Graham Chapman KC acted for the successful party in defending an application for injunctive relief in a high-profile shareholder dispute concerning Pakistan’s largest energy company.   Graham was instructed by Dillon Eustace LLP’s Cayman Litigation team – Conal Keane, Niall Dodd, and Alan Quigley. 4 New Square Chambers' Scott Allen was also instructed by Dillon Eustace to assist with the matter.   The case is Al Jomaih Power Limited & Denham Investment Limited v. IGCF SPV 21 Limited & KES Power Limited. #CommercialLitigation #caymanlitigation #injuctiverelief #shareholderdispute

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The Commercial Court has handed down a substantial judgment in relation to the long-running dispute between AXA and Santander over liabilities arising from the historic mis-selling of payment protection insurance (“PPI”). Andrew Green KC, Fraser Campbell KC and Timothy Lau (instructed by Quinn Emanuel Urquhart & Sullivan LLP) acted for AXA. https://lnkd.in/eqtSbYG3

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The Privy Council’s landmark judgment in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd & Ors, has unambiguously put an end to what was described as the 'Shareholder Rule', a common law rule that seems to have survived more by habit than rationale. The judgment confirms that a company may confidentially consult its lawyers without fear that shareholders (past or present) will later pierce that privilege, absent some other established exception. Read the full briefing from Cayman Islands partner, Laura Hatfield, and associate Norberto Ayala Rodriguez here: https://loom.ly/6RVwKZ4 Richard Parry, Thomas Wright, Amandy Jimenez, Vered Mazin, Jonathan Stroud, Karen Williams, Kimone Wilson, Stephanie Ebanks

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Case update: Court provides guidance on when the “COVID-19 safe harbour” under s588GAAA may not apply Contributors: Adam Preiner CA RITP, Managing Director, Integra Restructuring & Insolvency Isabella Marriott, Associate, Mills Oakley Alwyn Narayan, Partner, Mills Oakley The District Court of New South Wales has delivered the first judicial consideration of the “COVID-19 safe harbour” for insolvent trading under s588GAAA of the Corporations Act 2001 (“the Act”). The Court examined whether the “COVID-19 safe harbour” applied to the Director for the period 25 March 2020 to 31 December 2020 in circumstances where the company was already insolvent and had already ceased trading prior to COVID-19. Read the takeaways, background and decision (members only) ▶️ https://lnkd.in/gUHn2mK2

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