The Legal 500

Press releases

• Agrofert Successful in Law Suit against PKN Orlen

  PRAGUE (30 June 2009) – The Arbitration court in Prague has decided in favour of company Agrofert Holding (“Agrofert”) in its claim against Polish company Polski Koncern Naftowy Orlen (“PKN Orlen”). The Polish company has to pay, on the basis of decision of the arbiters, a contractual penalty which exceeds EUR 77.2 million (over 2 billion CZK) with accessories.
  – Pokorný, Wagner & Partner

• UBS CHF 3.8bn share placement

  On June 25, 2009, UBS AG (SIX: UBSN) announced that it is offering 293,258,050 newly issued shares from authorized capital to a small number of institutional investors at a price of CHF 13.00 per share. After deducting cast associated with the placement, the amount of new equity capital expected to be raised is approximately CHF 3.8 billion.
  – Homburger

• DWS reprises advisory role for MENA Infrastructure fund's investment in Oman's power sector

  Denton Wilde Sapte continues to act as legal advisor for MENA Infrastructure Fund, picking up an instruction to advise on its second investment, in which it has taken 32.8% of the shareholding in Oman's United Power Company SAOG (UPC).
  – Denton Wilde Sapte

• Three partner admissions at Carey Olsen in Jersey

  Carey Olsen is strengthening its corporate, finance and fiduciary teams in Jersey by admitting three partners to these key practice areas.
  – Carey Olsen

• Penningtons celebrates SRA and Farriers Registration Council tender wins

  Penningtons Solicitors LLP's professional regulation group is celebrating two key appointments with the news that it has been successful in tenders to advise both the Solicitors Regulation Authority (SRA) and The Farriers Registration Council.
  – Penningtons Solicitors LLP

• Penningtons advises on Trans-Siberian Express luxury travel deal

  Penningtons Solicitors LLP has advised international tour operator Australian Pacific Touring (UK) Limited on its purchase of a majority share in GW Travel Limited, the market-leader in long-distance luxury rail tours. GW Travel's flagship holidays are trips on the world-famous Trans-Siberian Express.
  – Penningtons Solicitors LLP

• Penningtons trainee encourages young Londoners to choose a career in law

  Catherine McCann, a trainee solicitor at Penningtons Solicitors LLP's City office, has been invited to contribute to a new guide published by the London Chamber of Commerce & Industry to help young people consider the many types of jobs available in the capital.
  – Penningtons Solicitors LLP

• BAKER & MCKENZIE ADVISES FIBERWEB ON JOINT VENTURE WITH PETROPAR

  London/Chicago/Sao Paolo, 26 June 2009 - Baker & McKenzie has advised Fiberweb plc on its proposed joint venture with Petropar S.A. The 50/50 joint venture, which will be named FitesaFiberweb, is intended to create the second largest producer of spunbond and non woven fabrics in North and South America. Completion of the transaction is subject to the approval of both Fiberweb and Petropar shareholders.
  – Baker & McKenzie

• Salans awarded Best European Law Firm

  Salans has been awarded a Special Distinction in the Best European Law Firm award category at the 2009 International Legal Alliance Summit & Awards (“ILASA”).
  – Salans

• unit specialising in transaction and financing consultancy

  HERMANN Rechtsanwälte Wirtschaftsprüfer Steuerberater and the Munich-based team at Grub Brugger join forces: Joint establishment of a unit specialising in transaction and financing consultancy
  – Hermann Rechtsanwälte Wirtschaftsprüfer Steuerbe