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

Clifford Chance recognised as market leader in 2003 IFLR Asian legal awards International Financial Law Review has awarded Clifford Chance with “Team of the Year” awards in the M&A and Distressed Asset categories. In the M&A category, this is the fourth time in six years we have won this award. Other firms shortlisted included Freshfields,

Holland & Knight LLP today announced that Neal N. Beaton, a prominent attorney practicing in the areas of corporate and commercial transactions, intellectual property, international trade and business immigration law, has been named Practice Group Leader for the Business Law Practice Group in New York. In addition to this new position, Beaton will continue with

Weil, Gotshal & Manges LLP, one of the world’s leading law firms, today announced it will sponsor a series of four luncheon seminars for in-house counsel on current developments and trends in intellectual property and media law. The series begins tomorrow, March 16, with the topic “Music Licensing and the New Media.” Each seminar will

International law firm Allen & Overy is advising project company Società di Progetto Brebemi SpA on the first ever PFI toll road project in Italy. Società di Progetto Brebemi SpA was incorporated on 10th March by the concessionaire of the BreBeMi project, as required under Italian law. The project, which is valued EUR1.3 billion (including

Baker & McKenzie is delighted to announce that securitisation specialist Paul-Michael Rebus is to join its Finance Department in London as a partner. Rebus joins the Firm from Cadwalader, Wickersham & Taft’s London office. Rebus’s extensive securitisation experience includes acting on behalf of programme sponsors, leading teams in structuring a significant number of European and