Kaiser Bill expanded - Web Site.
This Letter Agreement remains subject to shareholder approvals and other approvals and conditions usual to an agreement of this type. The Intrepid Board does not believe that this variation adequately compensates shareholders for the cash flow value that would be forgone in the event of the sale proceeding. Further to our announcement dated 16 June , Indophil Resources NL Indophil requests an extension to its voluntary suspension until no later than 10am Wednesday, 14 July The Philippine Government is in transition following the recent elections.
Media speculation has focused on a proposal to ban open pit mining within the province of South Cotabato, contained within a new Environmental Code. Whilst the proposal to use the drafting of a local Environmental Code to carry a ban on open pit mining had previously been proposed by anti- development individuals, it had never received serious consideration or gained traction.
The matter has been raised from time to time, but never survived even a cursory test of validity, being deemed illegal, unconstitutional and outside the scope of a local authority. The f irst phase of the Mt Woods JV exploration programme was to complete a detailed Falcon gravity and aeromagnetic survey comprising approximately 13, line kilometres over the core Mt Woods JV project area.
The program was completed almost a month ahead of schedule due to f avourable f lying conditions. Data processing is now underway to identif y potential targets. It is anticipated that the data processing will take approximately 6 weeks.
Investor Update - Web Site. Appointment of New Chairman - Web Site. Irvine Island assay results update - Web Site. Vulcan Drilling Update - Web Site. This agreement is the first of its kind between a state-owned corporation of the People's Republic of China and a U. The Kensington mine, which is scheduled to begin production shortly, is expected to produce 50, ounces of gold this year and average approximately , ounces of annual gold production over an initial The contract with China National Gold relates to approximately half of the concentrates to be produced at Kensington.
Geoff Wedlock - Web Site. Jupiter confirms commercial rates - Web Site. Iron ore update including potential to mine - Web Site. Missing Aircraft Update - Web Site. Craig Oliver - Web Site. Stocks dropped for a second day Tuesday after home sales fell unexpectedly and the White House said it would fight a court ruling that lifted its ban on offshore oil drilling.
The Dow Jones industrial average fell points, its biggest drop in about two weeks. Treasury prices climbed after demand for safe investments rose. It was the second straight day that the market gave up early gains to end lower. The selling intensified shortly before 2 p. Many professionals who use technical factors in their buying and selling decisions consider the day moving average, as it's called, to be a predictor of the market's direction. The drop below 1, hastened the market's slide because computer programs kicked in and drove more selling.
Four stocks fell for every one that rose on the New York Stock Exchange. Consolidated volume came to 4. Oil stocks fell after the administration said it would appeal a judge's decision to overturn a six-month ban on deepwater oil drilling in the Gulf of Mexico. Prices closed nearer the session high and saw short covering in a bear market.
Copper prices are still in a nine-week-old downtrend on the daily bar chart. Bargain hunters did once again step in to buy gold at the lower price levels Tuesday. Amended Appendix 3Y - Web Site. Company Update - Web Site. Meijin Group not proceding with offer - Web Site. Amended Appendix 3B - Web Site. Exploration Update - Web Site. Notice of General Meeting - Web Site. Revised Pro-Rata non-renounceable rights issue timetable - Web Site. Weather conditions in Thailand have hindered completion of maintenance work on some of the Ensign 16 rig components and their subsequent shipment to Australia, causing the delay.
The well is being control drilled to an estimated total depth of 1, metres. The placement, which was approved by Batavia shareholders, comprises 20 million shares and 10 million listed options.
Batavia has also signed a Heads of Agreement with Jiangyin Huaxi Steel for potential off-take arrangements for 1 million tonnes per annum for a period of five years.
Other potential Asian-based groups have also expressed interest in participating in the Roper River Iron Ore Project, either by taking part in future share placements, off-take arrangements or potential joint ventures. Notification to All Securityholders - Web Site. Appendix 3B - exercise of unlisted options - Web Site. Polar bear gold exploration update - Web Site.
Allotment of Shares - Web Site. Antares is pleased to announce fracture stimulation operations are underway on Frances Dilworth No. The 15 stage fracture stimulation is scheduled to take one week at which time flowback operations will commence. The Board of Coventry Resources Limited is pleased to announce the appointment of Mr Nicholas Day as company secretary following the resignation of Scott Funston as company secretary.
Indonesian Bauxite Projects - Web Site. Ceasing to be a substantial holder by J. Morgan - Web Site. The Board of Overland Resources Limited is pleased to announce the appointment of Mr Nicholas Day as company secretary following the resignation of Scott Funston as company secretary.
Market Update - Web Site. Letlhakane Project Update - Web Site. Board and Management Changes - Web Site. Newsletter - May - Web Site. Completion of Escrow Period 3,, shares - Web Site. The machinery cut across the base of the prominent spur mined in shallow underground workings over the past 6 years by artisanal miners and progressed into the deep gully hosting the majority of the mining activity.
Continuous 5 metre channel samples have been taken while the rock is still fresh from the machinery cuts. Prospectus - Web Site. The Company advises that initial assay results at the Project have returned excellent intersections of magnetite.
In assessing the magnetite potential of the Project the Company has sampled and assayed drill cuttings from a previous drilling programme which intersected magnetite-rich BIF, confirming grades in line with other highly prospective magnetite iron ore projects in Western Australia.
Investor Presentation June - Web Site. North American institutions broaden share register Results from recent drilling due soon. The raising, which was done through the issue of Azumah has recently escalated exploration and drilling across its key targets, including further rounds of reverse circulation RC , diamond and aircore drilling completed in the vicinity of its Kunche, Bepkong, Julie and Collette deposits.
Results from this work will be released progressively to the ASX over coming weeks. Drilling campaigns continue at these targets and at several other new areas of interest. In addition, Azumah will shortly commence a 20, line kilometre, high-definition m traverse spacing, 40m survey height aeromagnetic geophysical survey to be flown over the key Vapor prospecting licence, which encompasses the Kunche and Bepkong deposits and a substantial area north and south of these.
It will also cover the Julie, Collette and Josephine prospecting licences. An induced polarisation ground geophysical survey targeting an area to the west and north of Kunche — Bepkong has just been completed. The Feasibility Study for the development of the Wa Gold Project remains on schedule for completion by the end of this calendar year. The study is based on a one million tonne-a-year-plus gravity — CIL gold recovery operation, producing an initial 70, ounces of gold per annum and expanding to over , ounces per annum.
On 21 June , Continental signed its first coal sales agreement for the sale of run-of mine coal from its Vlakvarkfontein Coal Mine. The sales agreement covers up to , tonnes of coal which will be supplied to the domestic coal market in South Africa. In addition, the Company is progressing with longer term off take arrangements pending final testwork and coal quality analyses results from the first bulk samples sent in May Appointment of new Chairman - Web Site.
A fly camp has been set-up at the site with a geological crew currently exploring the southern part of the Simuku system Refer to Figure 1. Major exploration programs have historically been completed at Simuku where 6, metres of drilling in 31 diamond drillholes and 28 kilometres of bulldozer surface trenching have defined a 3, metre by metre copper envelope of mineralisation. A maiden Inferred Resource has been estimated at million tonnes of 0.
Near surface secondary copper enrichment occurs within the area of the Inferred Resource where drilling intersected a 27 metre thick layer grading 0. High grade zones of molybdenum have been demonstrated at the Horseshoe Prospect, including 0. Secondary Trading Notice - Web Site. Appendix 3B - 21 June - Web Site. Exercise of Listed Options - Web Site. Clarification of Prior Announcement - Web Site.
Euro Pacific Capital Inc. Each Gold Delivery Unit consists of: The warrants may be exercised on a "cashless" or "net exercise" basis at the option of the holder. The Company will thus issue a total of 2, common stock purchase warrants to an equivalent of 7,, common shares.
Sustainability Report - Web Site. The construction timetable will be updated in the June Quarterly Report but at this stage practical completion is expected to be in about 12 months from commencement of site-works. Engineering and metallurgical commissioning ramp-up is expected to take two months from practical completion allowing commencement of gold production to remain on track for the 3rd quarter of Notice to Shareholders - Web Site.
Stocks erase gains after traders re-examine China's plan to let yuan appreciate against US dollar. Stocks erased big gains Monday after investors lost some of their enthusiasm about China's decision to let its currency appreciate against the US dollar. The initial reaction to China's weekend announcement was that a stronger yuan compared with the dollar would allow U. But traders came to see the move as more of a long-term shift rather than something that would give the economy a boost now.
Three stocks fell for every two that rose on the New York Stock Exchange, where consolidated volume came to 4. Prices for many commodities climbed but ended off their highs. Substantial Holder Notices - Web Site. Release of Securities from Escrow - Web Site.
Issue of Shortfall - Web Site. Based on this agreement, the State will proceed with amendments to the State Agreement Acts covering operations managed by BHP Billiton, to require payment of royalties on iron ore shipments at the rates specified in the WA Mining Regulations. Royalty rates will increase from 3. The Lump royalty will be 7. The rates as amended will apply to all existing operations and future projects covered by the State Agreements.
These changes to the State Agreements will enable BHP Billiton's existing iron ore operations to operate more efficiently. Investor Presentation - Web Site. Appendix 3B - partial note conversion - Web Site. Change in substantial holding - Amended - Web Site. Advice to Adelphi Shareholders - Web Site. Drilling to Commence at Mangalisa - Web Site. Bathurst Resources Update - Web Site. Exploration and Construction Update - Web Site.
Correspondence Received from Banpu - Web Site. Gindalbie and its joint venture partner, Ansteel, said the landmark debt facility was a major achievement in the current uncertain political and economic climate which reflected the quality of the Karara Project — one of the largest resource projects currently under construction in Australia. The delay has occurred as a result of delays in access to the logging contractor and associated equipment.
The logging contractor is expected to remobilise to the Salamander-1 well site in late June , with the Productivity Index Testing expected to be completed by early July Section AA 2 f notice - Web Site. Citadel Investor Presentation - Web Site. Option Expiry - Web Site. Kaiser Bill expanded - Web Site. Response to media speculation - Web Site. Trading Halt Request - Web Site. Significant changes in Paulsens sale recommendation by Board - Web Site.
Canadian Oil Update - Web Site. Boardroom Radio presentation - Web Site. On behalf of everyone at Western Areas it is my very sad duty to inform you that our colleague and friend Craig Oliver has passed away. Craig was a passenger on the plane which was involved in an accident in the Congo on Saturday. The plane was chartered by iron ore company Sundance Resources Ltd and there were no survivors reported from the accident.
Production to quadruple from current rate of 1. With the commencement of mining at Wodgina and the scheduled delivery of the new multi-user port at Utah on 17th September, Atlas is on track to quadruple combined Pilbara exports to 6 Mtpa rate by December Change of Share Registry - Web Site.
North Carizzo Drilling begins - Web Site. Apex recruits leading industry executive - Web Site. Appointment of new director - Web Site. Wonawinta optimisation study - Web Site. Register Request Notification - Web Site. Amended Investor Presentation - Web Site. Manganese Drilling Update - Web Site.
Paradox Basin 3 Update - Web Site. McPhee Creek assays confirm major extensions - Web Site. Change of registered office - Web Site. Quarterly Activities Report - Web Site. Shambesai Drilling Commences - Web Site. Discussions with Stirling Resources - Web Site. Change in substantial holding by J. Development Update - Web Site. Stirling Going Forward - Web Site. Notice to Optionholders - Web Site.
Details of Company Address - Web Site. To add your announcements to this page The Russell index of smaller companies rose Friday, June 25 , 9: Friday, June 25 , 5: Friday, June 25 , 3: Friday, June 25 , 1: Friday, June 25 , Thursday, June 24 , 9: Thursday, June 24 , 5: Thursday, June 24 , 3: Thursday, June 24 , 1: Results should provide greater definition of the mineralised envelope in an area that could be evaluated for low cost development see Figure 1.
In addition, results should allow Stellar to upgrade the historical data base to improve the basis for a modern JORC compliant mineral resource estimate for the Queen Hill deposit. Geotechnical data will also be collected for the purpose of mine planning.
Drilling is designed to maximize sample size for metallurgical test work which can include work on process design circuitry. Thursday, June 24 , Wednesday, June 23 , 9: Wednesday, June 23 , 5: Wednesday, June 23 , 3: Wednesday, June 23 , 1: Wednesday, June 23 , RC pre-collars in progress at Hambidge and Hambidge North.
Tuesday, June 22 , 9: Tuesday, June 22 , 5: Tuesday, June 22 , 3: Tuesday, June 22 , 1: Tuesday, June 22 , Mineralised zones identified in 3 holes with the best drilled thickness intersections above the 0. TZ21DH o 3m 1. The current plan is to complete drilling 47 DDH holes before the start of the annual wet season. However, some additional infill holes are being considered subject to weather and site access.
To date assay results from 21 DDH holes have been announced with 14 reporting gold mineralization above the cut off grade. The gathering of sufficient data to initiate a JORC code compliant mineral resource study is in progress.
Work on the study will commence upon receipt of all outstanding assays results. The Dow Jones industrial average fell about 8 points after climbing nearly in early trading. Financial services, high-end retail, technology and telecoms are key sector strengths; the department is also noted for its experience in the mining sector. Other sector strengths include financial services, healthcare and life sciences and consumer products. On the technology side, McLaren also represented Andreessen Horowitz in connection with its minority investment in software developer Improbable World.
The practice is strong for financial services, FinTech and distressed transactions. The team handles significant international deals, particularly those requiring US and European advice, with particular focus in servicing public companies, financial institutions and sponsors, oil and gas, energy and infrastructure clients, and technology and telecoms companies. It is well known for its TMT expertise, though it also acts for high-profile clients in sectors including energy, financial services and transport.
The team is well known for its excellent grasp of UK and US corporate law: Pharmaceuticals, chemicals, industrials and telecoms are key sector strengths of the team, whose client base largely comprises public companies.
His recent headline transactions include advising on A. Core strengths of the team include financial services, healthcare and life sciences matters. The practice is active in a wide variety of sectors, including energy, telecoms, life sciences and insurance. Recent highlights include Stamp advising Terra Firms on the sale of Dublin-based aircraft lessor AWAS to Dubai Aerospace Enterprise, Harray acting for a consortium of international banks in connection with the financing of the multi-billion dollar acquisition of certain geothermal assets in West Java from affiliates of Chevron.
The group has particular expertise in drafting partnership and LLP agreements, international structures, which all sits beside a broad contentious practice. The team is most known for advising international law firms and other professional services firms on partner exits, team moves, restrictive covenants, discrimination and whistleblowing issues.
The group handles contentious matters, such as litigation and arbitration, but is most noted for its non-contentious work, which includes the establishment of foreign law firms in the UK, mergers, partner and team moves, conversion to LLP and document drafting. Expertise includes structuring and governance in relation to international firms, legal services regulation, exiting partner agreements and private clients on the utilisation of partnerships to manage succession issues.
Turnor's highlights included advising the management team of a major IP firm on the possible departure of a partner and an accountancy firm on a compulsory retirement. Watt, who possesses ' superb judgement ' and gives ' extremely commercial advice ', specialises in departures and arrivals, partner rights and entitlements and negotiating terms of exit.
Field is ' astute ' and ' capable under pressure ' and draws on her commercial litigation background to advise on partnership disputes. Lewis Silkin LLP 's ' excellent ' team demonstrates ' in-depth knowledge and expertise ' in relation to both contentious and non-contentious matters.
The group often handles the drafting and implementing of new or updated LLP and partnership agreements, restructurings, mergers and the associated regulatory issues. On the contentious side, the group is at the forefront of complex partner grievance cases, representing a number of major City firms.
Possessing ' great experience '. Winckworth Sherwood LLP 's team is ' a force to be reckoned with ' when it comes to partnership disputes, which are the focus of the practice.
It is instructed by clients in the spectrum of specialised industry and regulated sector clients that utilise partnerships, including real estate, investment funds, accountancy and law firms in addition to individual partners. The group recently represented a real estate sector LLP in a complex partner exit involving multiple detriments and alleged perpetrators of discrimination, but resulting in a significantly reduced settlement.
The group handles LLP formations, partner obligations, employment matters and commercial contracts, in addition to financial regulatory advice on LLP structures, tax, dispute resolution, business recovery and reconstruction.
On the non-contentious side, the firm handles formations, structuring, drafting of LLP agreements, tax and remuneration advice. Khiara is often instructed by international and domestic law firms, Big 4 accountants, fund managers and investment businesses using LLPs on the spectrum of non-contentious matters. Recent highlights include assisting a leading architectural firm with a comprehensive review and rewrite of its constitutional arrangements and LLP Deed; and in a separate matter, advising a major UK-based law firm on the regulatory aspects of a transatlantic merger.
The group is predominantly instructed by clients in the financial services and investment funds space. The group is often call upon to advise financial services LLPs on governance and transactional matters as well as structuring.
On the contentious side, it is instructed on partner expulsions, retirements, exclusions and dismissals. Highlights for the group included advising Crest Nicholson Operation on the establishment of a joint venture, structured as a partnership with A2 Dominion Developments in order to promote the development of the North West Bicester Eco-Town. Also recommended are David Hicks , for his expertise in partnership advisory work in the financial services sector, and James Carter , who has significant knowledge in partnership taxation.
Holme has particular experience in advising law firms on claims arising out of partner redundancies. The group acts for and against LPs, LLPs and traditional partnerships in the spectrum of partnership disputes, including allegations of bad faith, misappropriation of assets, breaches and enforcement of restrictive covenants and minority shareholder oppression.
The group was instructed by partners and firms in a number of high profile disputes in , including sex discrimination, whistleblowing cases and partner exits. The group is led by Jonathan Gatward , who is instructed on both contentious and non-contentious matters. Nick Sayers , who is principally a transactional lawyer, has substantial experience in partnership mergers and the use of partnerships as investment vehicles.
Find out which law firms are representing which Private equity: It also has a strong profile acting for management teams in similar large deals. Complementing the team's core transactional expertise is the firm's strengths in ancillary areas, such as intellectual property, restructuring and employment.
In addition to acting for private equity houses, the group also undertakes transactional work for management teams and investee companies. Although the firm's sweet spot is upper mid-market UK deals, it is also highly active in the wider European private equity market, and is also sought-after for transactions further afield globally. The firm's prominence in midmarket transactions enables it to generate work from clients such as HIG Capital and Waterland Private Equity.
It also recently secured Rutland Partners as a new client. Another dimension of the private equity practice is its involvement in Africa-related deals, with the London office working closely with the firm's Africa-based offices, and elsewhere in the global network, on a wide range of transactions.
It is one of the most active firms in the market for UK mid-cap transactions. Mayer Brown International LLP 's team attracts high praise for its ' in-depth understanding of structuring private equity deals '.
In addition, the firm has more recently advised Aurelius on the restructuring and merger of two of its portfolio companies. It is particularly well-known for its cross-border work, which includes advice to UK-based investors on outbound transactions across Europe and further afield, as well as assisting overseas-based investors with investments into the UK.
In addition to acting for private equity houses, the firm generates mandates from ultra high net-worth family offices, management teams and target companies, among other clients. The firm handles transactions across a wide range of sectors, with healthcare and life sciences being a particular area of strength. Carbone and Zeman are ' particularly good at taking a commercial and pragmatic view in complex situations '. Elsewhere, the firm also generates work from other clients, including family offices and private funds.
Marshall's team handles all stages of the investment lifecycle for a wide range of clients, including private equity investors, corporates and management teams.
Odubeko advised Alta Semper Capital on the acquisition of a controlling interest in Egyptian consumer healthcare company Macro Holding from its founders. Its management advisory work is also on the increase. Other clients include large international corporates and management teams.
The group is also increasingly sought-after to advise US-based investors on their investment activities in Europe, including the UK. Andrew Masraf, who is the global head of the firm's transactional services group, is another experienced practitioner. Mark Sanders' workload spans multiple industries, with a particular strength in those where intellectual property is a critical asset such as technology and media.
The three partners also have a particularly strong track record in private equity secondary transactions, which has previously involved advising clients such as SL Capital Partners and Five Arrows on the acquisition of private equity portfolios.
They also assist funds-of-funds and banks with portfolio sales. Elsewhere, the team undertakes a significant amount of transactional work in regulated sectors such as insurance and healthcare. Clients such as Livingbridge, Bridges Fund Management and Baird Capital also instruct the firm on private equity deals. Duncan McDonald's transactional experience spans sectors such as hotels and leisure, technology and aerospace, among others. Its areas of focus are reflective of the wider firm's sector strengths, including energy and infrastructure, natural resources, transport, maritime and real estate.
Chris Kilburn, who relocated from Singapore in September , heads up the team. Andy Savage, who undertakes domestic and cross-border transactions, is ' well-informed about the African market '. Clifford Chance 's ' hugely experienced ' team ' knows at a granular level what typical market practices are, and therefore which particular anomalies might be relevant '.
The London team, which works closely with other offices across the global network, is widely acknowledged as one of the leading in this space. The group's bench strength and ' combination of practical experience and deep expertise ' makes it a natural choice for complex deals involving multiple counterparties. Its international reach and strong deal execution capabilities provide a platform for the team to handle complex, big-ticket transactions for clients such as The Carlyle Group, PAI Partners and Advent International.
Ashurst 's core strengths in domestic and cross-border mid-cap and large-cap transactions are complemented by its highly-rated banking and finance particularly leveraged and acquisition finance and investment funds practices. Other clients of the firm include sovereign wealth funds, pension funds and financial institutions. The firm had a strong on the deals front, generating work across a wide range of industries, including life sciences, TMT, energy and natural resources, financial institutions, and consumer and retail.
It was particularly active in handling deals for Bain Capital; one of the highlights involved Allen and practitioners from other European offices advising the client on the sale of the Polish business of one of the client's portfolio companies, Autodis group, to LKQ Corporation.
Dickson Minto WS ' credentials as a major player at the top end of the private equity market are underlined by the fact that it has advised clients on transactions ever since the firm was founded in The majority of its work has an international flavour; for context, the firm has handled deals involving more than 70 jurisdictions since In , Simpson acted as the lead counsel to RL a Vitruvian Partners portfolio company in the complex carve-out acquisition of Friends Provident International from Aviva.
The firm's other clients include Charterhouse, Compass Partners and Investindustrial. Macfarlanes LLP 's team handles the full range of issues arising from mid-cap and large-cap deals, with an extensive track record acting for clients including sponsors, management teams, lenders, limited partners and secondaries houses. Alex Edmondson, who leads the firm's technology and digital group, is experienced in technology-related private equity transactions. The team also handled a succession of pan-European transactions for TPG, which included Newton and others advising the client and its portfolio company Beaver-Visitec International on the acquisition of Dutch opthalmic technology company Vitreq.
It is also ' very good on all aspects ' of large-cap deals. In the mid-cap space, Shawyer led a team which advised Bridgepoint on its acquisition of the UK master franchise of Burger King. The team undertakes deals across a number of industries, such as oil and gas, TMT, mining, biotechnology, financial services. Its work covers a multitude of jurisdictions, including the US and markets across Europe. It also undertakes emerging markets transactions for its clients; particular areas of activity are India, the Middle East, South East Asia, Russia and Kazakhstan, and Africa.
The scope of the team's experience spans the gamut of private equity transactions. It is particularly active in coinvestments, secondaries and special situations deals. Africa-related deals are another pillar of the firm's work; in , Burgess and others assisted Helios Investment Partners with setting up a pan-African joint venture with GBfoods.
The growth of the practice has also been reflected by the firm successfully winning work from a number of new clients, including Ares Capital Management, Astorg Partners and Nordic Capital. The firm is consistently among the most active in the market for UK and European midmarket deals; a recent highlight involved acting for the founders and management sellers in the sale and reinvestment in Third Bridge Group Limited to IK Investment Partners.
It also handles transactions involving other industries, as was illustrated recently when Sperotto and others acted for Liberty Hall Capital Partners which focuses on investments in aerospace and defence businesses in the acquisition of AeroCision LLC. Goodwin , which is equally strong in mid-cap and large-cap deals, delivers advice that is ' good, pragmatic and quick, and not filled with caveats '.
Private equity is a core area of focus for the firm, which particularly stands out for its work in the technology, life sciences and healthcare, financial services and real estate sectors. It acts for more than 20 private equity houses, while other clients include management teams and portfolio companies. The firm has also handled mandates for clients such as Inflexion, Graphite Capital and Partners Group. The group also covers transactions elsewhere in Eastern Europe, as well as Turkey and Africa.
In addition to having a sizeable geographical footprint, the practice is also characterised by its strengths in sectors such as energy and infrastructure, real estate, TMT and alternative financial services. Hogan Lovells International LLP 's varied workload, which consists of a mix of mid-cap and large-cap deals, spans domestic and cross-border LBO's, secondaries transactions, co-investments and exits among other matters. In the mid-cap space, Harris and Grimshaw advised another key client Ventiga Capital Partners on its acquisition of Infare Solutions, and also Infare's subsequent purchase of airline and airport data contracts from QL2 Software.
In addition, the firm has a strong market profile in and has a sizeable share of the market for large-cap transactions; clients in this space include such names as Bain Capital, Macquarie European Infrastructure Fund and Blackstone.
Mid-cap deals in included acting for The Riverside Company in its investment in Impeo Software, and also advising the same client on the acquisition by portfolio company The Dwyer Group of Countrywide Grounds Maintenance.
Inflexion, Investcorp and Alcuin Capital Partners also instruct the firm on midmarket transactions. Youle and Butler also advised the same client on the potential sale of Ullink to Itiviti a company backed by Nordic Capital. The group also includes Lorenzo Corte, who has 'outstanding commercial awareness, thinks on his feet, provides sound and reliable advice, and comes up with creative solutions to complex situations'.
The majority of the group's deals have an international dimension, involving overseas-based target companies, or non-UK buyers or sellers. It has strong relationships with many of the most active investors, including those that are US-based, as well as those that are headquartered elsewhere internationally. In addition to acting for clients on a standalone basis, the group also counts on the support of practitioners based in the US and Germany.
There has also been an increase in activity in infrastructure and real estate deals. Major contentious investigations and disputes are a core area of expertise, while on the non-contentious end, it is often called upon to advise on the design and implementation of VAT-efficient tax structures.
He has appeared as lead advocate at both the First-tier Tribunal and Upper Tribunal, as well as the supreme court. The group is representing Marriott at the Upper Tribunal in a groundbreaking case regarding the VAT consequences of customer loyalty programs, having acted for the client on the same matter in the French courts. Clifford Chance 's ' top-class ' team advises corporates and government agencies on the spectrum of VAT and indirect tax matters, and often works alongside the firm's transactional practice on major cross-border deals.
Clients include banks, financial investors including sovereign wealth funds and corporate enterprises. On the transactional front, the group handles real estate mandates, fund formation, corporate migration and indirect tax solutions. In relation to advisory work, it has significant expertise in the aggregates levy, landfill and tonnage tax and often provides submissions to government and industry bodies on the legality of proposed new indirect taxes.
The team regularly assists with the structuring of joint ventures, developments and financing, and also handles the full spectrum of VAT disputes before UK tax courts and contentious matters that arise out of real estate transactions.
Sinyor is advising a major transport infrastructure company on major historic landfill tax issue; in a separate matter, he is advising multiple developers on the VAT and SDLT aspects of their investments. DLA Piper 's indirect tax practice has developed a specialism in standalone post-BEPS advisory work for which it leverages the firm's presence across the EU and globally in addition to handling a steady diet of transactional matters.
The team acted for Lookers, which is pursuing a claim against HMRC for compound interest payable on VAT over-payments in relation to historic car dealership bonuses. In another standout recovery claim, it continues to represent MG Rover Group in a case which was successful before the First-tier Tribunal and is now before the Upper Tribunal. Norton Rose Fulbright 's VAT team handles a mixture of standalone matters in addition to providing transactional advice.
The group is often instructed on complex cases with international elements, such as making representations to HMRC in connection with offshore tax structures and advising on overseas tax law in the context of an extradition. CMS 's key competencies lie in real estate, healthcare and technology related indirect tax issues. The team sits within the broader tax department, which in turn draws on the firm's broader European presence, giving it an advantage on cross-border tax issues. It is also advising eBay, following press coverage of the evasion of VAT by its service-users, on UK legislation and its attendance at a Public Accounts Committee hearing.
Lee Squires left the department in June The group also advises clients on projects, planning and stucturing, with a particular focus on cross-border VAT for financial services clients, insurance premium tax and real estate tax matters. It also has an active disputes practice and handles transactional matters. Her focus is financial services and insurance-related VAT, but also has expertise in real estate tax and experience in advising clients on the VAT treatment of various grant funding arrangements.
Stephenson Harwood 's indirect tax team is integral to the firm's wider transactional practice, and predominantly handles VAT, SDLT and stamp duty matters that arise out of real estate, leasing, asset finance and transportation. The firm has also developed a niche in bespoke VAT and customs duty advice concerning shipping, aviation and fine art.
The predominant focus of the department is transactional and tax consultancy advice, although it also represents taxpayers in disputes with HMRC. In , the group was instructed on major property transactions and development projects, as well as insurance-related tax work. Able to leverage the firm's premier IP expertise, the team is well-equipped to advise on transactions involving cutting-edge technologies, where clients benefit from a ' very commercial and holistic service ' across both equity and debt investments, as well as on the initial fund formation front.
Richard Eaton, who had particular expertise advising US clients on venture capital transactions, left in September to join Darktrace as GC. Able to leverage the firm's superb intellectual property capabilities, as well as having strong corporate credentials, the team is able to provide a holistic service throughout the funding lifecycle, from early stage fundraisings through to later stage investments and exit strategies.
Life sciences and the technology sectors are particular strengths of the team and the Cambridge office is particularly important in servicing work emanating as a result of spin-outs from Cambridge University. Grew is noted for his expertise advising hi-tech companies from early stage funding rounds through to later stage investment cycles. Leveraging its significant US presence, the firm excels at advising on cross-border mandates, be it on behalf of foreign investors investing into a UK structure or where UK or European companies are looking to raise funds, commercialise or exit abroad.
Benefiting from a broad-ranging international and national network, the firm is equally adept at handling purely domestic matters as it is on ones involving an international component. Praised for his ' willingness to go above and beyond by connecting us to others in the industry, both on the investor and investee perspective ', clients appreciate Wigfall's ' ability to add real value on transactions '. Although the firm is active across the funding lifecycle, it has recently handled numerous later-stage mandates on behalf of investor syndicates.
Outside of the firm's corporate venture expertise, the team also regularly advises investees, and is able to add particular value on deals within core areas of sector focus for the firm as a whole including energy and technology.
Lim also continues to handle a significant amount of work for Mercia Technologies on its direct portfolio investments including on recent investments in Aston Eyetech, Faradion and Soccer Manager. The team has nurtured a sizeable client base as a result of its innovative "Grow" programme which is tailored for companies at any stage of the start-up journey, from protecting an idea or brand through to a successful exit.
Particularly strong in sectoral areas of focus for the firm including renewable energy, the team covers investments across the life cycle of the funding process and also benefits from the ability to leverage the firm's private client pedigree, of particular use in relation to early stage investment on behalf of ultra-high-net-worth angel investors and their family offices. Recent highlights include advised German semiconductor manufacturer Infineon on its Series E investment in XMOS, a leading supplier of voice and audio solutions to the consumer market.
Active on behalf the investor side and for the company, the firm benefits from an excellent perspective of the market and is also able to call upon the expertise of lawyers within the firm's broader IP and IT teams. In the equity capital markets, Brexit continues to have a dampening effect on IPOs; proceeds from large flotations in the UK fell sharply in Q1 compared to Q1 Nonetheless, some sectors — particularly fintech and biotech — are seeing increasing activity, and natural resources are coming back into vogue after years in the doldrums.
The London-Shanghai Stock Connect initiative, a trading partnership between the London Stock Exchange and the Shanghai Stock Exchange, is expected to be in place by late , though it may not provide the significant fillip to inter-market trader activity its champions are predicting. Although this represents the lowest number of listed companies on AIM since , the aggregate market value of AIM-listed companies has actually being going up in recent years.
In the private equity sphere, the market has been characterised by funds having record levels of dry powder to deploy needing to put it to work , and there being a high level of competition from other strategic investors; the market for quality, high-value assets remains as strong as ever. It remains to be seen, however, how long current levels of deal volumes can be sustained for, with sellers pushing for higher multiples.
Elsewhere, tax reform has been a major theme. This has created a challenge within the EU, where member states have been engaged in a longstanding debate as to whether or not to harmonise minimum corporate tax rates across the bloc in order to prevent tax avoidance; a debate framed by the OECD base erosion and profit sharing BEPS initiative. Alongside authorities in France and Germany, the UK is looking to get more global companies with operations in the EU including US technology companies to pay more tax.
The confluence of increased media scrutiny, domestic and international political pressures and BEPS has led businesses to move away from more traditional structured products in favour of managing tax risk by structuring their operations to appease an emboldened HMRC.
Fiona Ghosh , who heads up the firm's fintech group, is experienced in assisting financial institutions with bringing payment services such as ApplePay and Android Pay to market, and is also knowledgeable about strategic alliances and joint ventures.
Baker McKenzie 's team handles a wide ambit of commercial agreements for clients active in industries such as financial services and technology including fintech , and telecommunications. The group's first-rate reputation in commercial contracts garners complex, business-critical work from clients in sectors such as financial services, real estate and media, among others.
In addition, the firm has a first-rate global outsourcing practice, which spans areas such as IT infrastructure, facilities management, healthcare, and general and life insurance, among others. The group assists clients with the gamut of commercial contracts in areas such as retail, aviation, healthcare and energy, among others. The work also covers associated intellectual property issues. Its areas of strength include outsourcings, strategic alliances, marketing and advertising contracts, and IT contracts.
The firm also has a longstanding relationship with the British Paralympic Association; Richard Welfare advised the client on various commercial matters related to the Pyeongchang Paralympic Games, including the negotiation of sponsorship and supplier agreements, and also the preparation of a Team Members Agreement.
The firm also undertakes work for clients in sectors such as TMT, automotive, life sciences, and transport and logistics. ON and Kier Limited. In addition to technology being a discrete area in its own right, the group assists clients with matters where there is an interplay between technology and another area, such as energy, infrastructure, healthcare and financial services.
The firm also has a particularly strong reputation in the manufacturing sector, where it undertakes large IT and commercial projects. Joukador is knowledgeable about a wide range of issues, such as supply chain management and strategic alliances, among others. Bray is providing contractual and related advisory support to Facebook in relation to various marketing and promotional initiatives.
Its first-rate reputation makes it a strong choice for advice on outsourcing arrangements, joint ventures and collaborations, franchising, logistics and infrastructure contracts, and other complex, strategic agreements. Brown and others also advised the same client on a multi-year second generation smart meter deal with OVO Energy. Its varied workload includes outsourcing transactions, joint venture agreements, marketing agreements and software licensing. Its team has a wealth of experience of standalone projects, and also plays a key support role in corporate transactions.
Tom Levine, who is global head of the firm's telecommunications practice, is another key figure in the team. De Silva was the lead adviser to Fujifilm on its multimillion pound outsourcing contract with the UK division of an LSE-listed operator of photobooth and digital printing kiosks.
Iain Stansfieldleads the team. Eversheds Sutherland International LLP 's sizeable pan-UK team provides full-service support on domestic and multijurisdictional agreements to clients such as FTSE companies, US-based corporates, financial institutions and public sector organisations. David Lowe, who heads up the group, has 20 years of experience in this space. Its team's commercial contracts and technology expertise in this particular industry is complemented by its knowledge of financial services and data regulatory issues, as well as intellectual property.
Outside of financial services, the firm also acts for a significant number of clients in other areas, such as retail, automotive, private equity and payments. Although the practice is primarily weighted towards customer-side work, the firm also acts for suppliers as well. Sean Keaton has retired from private practice. It also advises on matters such as contract process management including contracts involving complex procurement and tendering processes , brand exploitation through franchising and sponsorship and smart contracts.
In the outsourcing arena, its team is highly able in technology-related outsourcings areas include infrastructure, application and desktop and more general business-transformational projects involving areas such as facilities management, manufacturing and business process. Elsewhere, the firm has developed a strong specialism in the interplay between outsourcings and other types of commercial arrangements and emerging areas such as robotics and artificial intelligence. Duncan Blaikie , who made partner in , demonstrates ' strong commercial awareness and industry knowledge '.
The work spans sectors such as IT, financial services including fintech , energy, and consumer goods and retail. In another big-ticket mandate, Duminy is assisting Royal Dutch Shell with renegotiating global technology outsourcing contracts with multiple vendors. Herbert Smith Freehills LLP 's ' very enthusiastic and personable ' multidisciplinary team ' hits the ground running ' in large procurement matters, BPO and IT outsourcings, joint ventures and strategic alliances, and other business-transformational projects.
Linklaters LLP 's team has ' good commercial acumen, which is blended with legal expertise and a pragmatic approach '. Julian Cunningham-Day , in particular, is ' very smart, super-helpful and gets things done with the minimum of fuss '.
It is particularly strong in regulated sectors, such as financial services including fintech , telecommunications, pharmaceuticals and energy. Georgina Kon , who has more than 14 years of commercial contracts experience, acts for customers and suppliers in the public and private sectors. One of the sweet spots of the practice is in digital business, media and advertising, where members of the team advise on outsourcing, general commercial contracts including supply, agency, advertising and cooperation agreements and IT contracts.
As part of a larger operation, the UK commercial team which is spread across six offices acts for more than listed companies. In addition to the merger, the commercial contracts practice is gaining momentum in other respects, as was evidenced by the firm's appointment in to tier one of the Crown Commercial Services legal panel, and also its successful appointment to BT's revamped UK and Ireland legal panel.
The firm is active across a wide range of sectors, with particular strengths in chemicals, manufacturing, retail, transport and financial services including insurance.
In addition, the firm is one of only four to act for Waitrose and John Lewis Partnership. Another notable client is Virgin Sport, for whom Scott-Lawler and Deacon advise on licensing, sponsorship agreements, marketing and advertising, among other matters. Brioney Thomas , who heads up the firm's rail sector practice, is acting as the lead adviser to Abellio on various infrastructure works to support the East Anglia and West Midlands franchises. Charles Russell Speechlys LLP 's market-leading reputation for sports law makes the area one of the bedrocks of its commercial contracts practice.
Elsewhere, the firm also has an outstanding reputation in the retail and TMT sectors, as is evidenced by the fact that its client roster includes names such as Westfield, Harrods and ITV. He also heads up the firm's cleantech and renewables group, and has also developed an interest in the role of technology across a wide range of industries.
The firm's extensive coverage of a broad cross-section of commercial contracts is supported by its ability to advise on related regulatory, data protection and cyber risk issues.
Ryan acts for clients ranging from scale-ups to listed companies. The firm is also highly active in the ports and terminals sector, and is at the forefront of the advice to clients on large port projects. The firm also generates work from clients in other sectors and is particularly sought-after for advice on commercial contracts with a cross-border component. Anthony Woolich , who heads up the technology and communications team, is knowledgeable about software and outsourcing agreements, public procurement, data protection and intellectual property.
Its work spans all areas that are core to business operations, such as the supply and procurement of goods and services, warehousing and parts supply, advertising and marketing, and distribution. Hill is also recommended for his mobile payments and open banking expertise. Beyond financial services, the firm's other areas of activity include retail, manufacturing and professional services. In addition, Joint and others have been assisting SCRAM Systems with negotiating contracts with police forces and government departments over its transdermal alcohol monitoring equipment which reads alcohol consumption via an ankle bracelet.
Elsewhere, members of the team have expertise in the full spectrum of commercial contracts, including agency, franchising, IP and licensing agreements, distribution and IT contracts. Members of the group also advise on technology project and service contracts, outsourcing, and technology-related joint ventures and strategic alliances, among other matters. Further illustrative of the broad spread of the work, clients ranging from SMEs and start-up companies to multinational corporates.
Recent highlights included Jervis advising Sainsbury's on a franchising agreement with a national chain of petrol station forecourt convenience stores. In addition to its work in the retail industry, the group's other areas of industry expertise are consumer goods, energy and renewables, financial services, leisure and the public sector.
Canning has a particular specialism in handling the commercial aspects of carve-out transactions, and also assists suppliers and customers with various other freestanding commercial agreements including BPOs, IT outsourcings and agreements involving the transfer and exploitation of intellectual property. The group acts for clients involved in a number of areas, particularly software and data, digital health, automotive, telecommunications and pharmaceuticals.
Canning and others assisted The Scotts Miracle-Gro Company with negotiating the commercial agreements related to the sale of its international consumer business to Exponent Private Equity.
The team also advises One-Pro Cycling Limited on a number of commercial matters, which recently included its partnership with Aston Martin and a key kit supply agreement. Elsewhere, the group has become increasingly active in the fintech space. Its ability to cover the full range of commercial contracts has enabled it to build up a notable portfolio of clients, including National Gallery, Museum of London, Bauer Media, the Lawn Tennis Association and Imperial College London.
Fladgate LLP 's ' first-class team ' provides the full spectrum of commercial contracts advice to broadcasters, hotel owners and operators, universities and sports governing bodies national and international , among a broad base of clients. Lands' experience includes brand licensing, endorsement agreements and distribution agreements.
His other areas of expertise beyond outsourcing include IT licensing, systems and software acquisition, and agency and distribution agreements. Meet the team How can my law firm get involved?
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