Baker & McKenzie advised UPC Polska, Inc. (now known as UPC Polska, LLC) on its recent financial restructuring and successful emergence from Chapter 11 proceedings. The restructuring arrangement discharged more than $950 million in debt from UPC Polska’s balance sheet, and involved the issuance of more than $200 million in consideration to UPC Polska’s creditors […]

International law firm Allen & Overy and The College of Law are developing a bespoke Legal Practice Course for Allen & Overy trainees. Subject to it meeting the approval of the Law Society, the course will replace Allen & Overy’s existing LPC arrangements and is due to begin in September 2006. It is intended that

Mallesons Stephen Jaques’ position in Asia Pacific was reinforced last week with the firm being named Regional Law Firm of the Year in International Financial Law Review’s (IFLR) Asia Awards 2003 held in Hong Kong. This award acknowledges the firm’s regional expertise and presence and further enhances its increasing leadership position across Asia Pacific. The

Herbert Smith has advised long-standing client British American Tobacco (BAT) on a £1.5 billion global revolving credit facility. The facility included a 364-day and five-year tranche, and incorporated both a US dollar swingline facility and, unusually, an Australian dollar swingline facility to be used by BAT’s Australian subsidiary. The financing was signed on Friday 5

A federal grand jury on Tuesday indicted William Cottrell on charges of participating in the firebombing of SUVs last summer. The indictment alleges one count of conspiracy to commit arson, seven counts of arson and one count of use of a destructive device. Counts 1 through 8 each carry a mandatory minimum sentence of five

One of the longest running cases to affect the LMX reinsurance spiral market came to a head this week with the conclusion of the Exxon Valdez oil spill trial in London. Judgment is now eagerly awaited by the run-off industry, which seeks closure of this significant issue. 1. The Commercial Court trial of the Exxon

One of the longest running cases to affect the LMX reinsurance spiral market came to a head this week with the conclusion of the Exxon Valdez oil spill trial in London. Judgment is now eagerly awaited by the run-off industry, which seeks closure of this significant issue. 1. The Commercial Court trial of the Exxon

The former Director of the Permanent Merchandising Systems Department at Gillette was sentenced today in federal court to 37 months in prison, following his guilty plea to eleven counts of mail fraud and wire fraud, along with two counts of subscribing to false tax returns. United States Attorney Michael J. Sullivan; Kenneth W. Kaiser, Special

Weil, Gotshal & Manges LLP, one of the world’s leading law firms, advised WorldCom, Inc. (MCI) in its definitive agreement to sell MCI’s investment in Embratel Participações to Teléfonos de México (TELMEX) for $360 million in cash. Completion of the sale is subject to approval by the U.S. Bankruptcy Court and Brazilian regulatory authorities. The

Davis Polk & Wardwell is advising Banc of America Securities LLC as dealer manager for a Dutch auction self-tender offer by The Toro Company to repurchase 2,500,000 of its shares. The Toro Company is a Minnesota-based provider of outdoor maintenance and beautification products for home, recreation and commercial landscapes. According to the terms of the