The Legal 500

Ashurst

BROADWALK HOUSE, 5 APPOLD STREET, LONDON, EC2A 2HA, ENGLAND
Tel:
Work 020 7638 1111
Fax:
Fax 020 7638 1112
DX:
639 LONDON CITY EC3
Web:
www.ashurst.com
Email:
Washington DC, Tokyo, Sydney, Stockholm, Singapore, Shanghai and 21 more

Ashurst is a leading international law firm with 28 offices in 16 countries spanning the world’s leading financial and resource centres.

The firm: With a reputation for commercial advice that is also technically acute, the firm operates at the cutting edge of financial corporate, infrastructure, disputes and resource markets.

Types of work undertaken: Ashurst operates in all the principal areas of commercial law including:

Corporate: advising clients on public and private M&A, private equity, equity capital markets, joint ventures, prime brokerage, corporate derivatives, regulatory matters, company law and governance, commercial contracts the establishment and management of investment funds.

Competition: advising on competition litigation, merger clearances, joint ventures and technology transfer agreements, access regulation, complex economic regulation issues, rate cases, consumer protection issues and competition law compliance

Tax: advising on all aspects of cross-border work including international buyouts, collective investment schemes, demergers, securitisations and debt trading.

Disputes: offering litigation, international arbitration and alternative dispute resolution expertise on banking, regulatory and finance, class actions commercial, competition, energy, transport and infrastructure, financial regulatory, fraud and corporate crime, international compliance and investigations, product liability, real estate, restructuring and insolvency and technology issues.

Intellectual property: advising on, and developing legal strategies to maximise and protect the commercial potential of brands, ideas and technological advances.

Employment: advising on all aspects of workplace relations, including incentives, pensions, discrimination, boardroom appointments and departures and executive remuneration and benefits and corporate governance issues.

Technology: advising on all aspects of work in communications and media, technology, intellectual property, data protection and freedom of information, broadcasting and media, betting and gaming and outsourcing.

Energy and resources: advising on all aspects of work in the energy and resources sector including mergers, acquisitions and corporate finance, greenfield projects, brownfield projects, project and acquisition financing, international law, environmental law and approvals, joint ventures, equity capital markets, reserve based lending, land and resource access, project development, EPC contracts, commercial agreements, competition and regulation, litigation and arbitration.

Real estate: advising on outsourcing transactions and major urban regeneration projects, sales and purchase agreements and portfolio agreements, financing, real estate funds including Islamic funding structures, property development and urban regeneration, leasing and portfolio management and mergers and acquisitions.

Infrastructure: advising governments, private sector organisations and financial institutions on complex infrastructure transactions across multiple jurisdictions and sectors. Areas of expertise include: accommodation, communications, custodial, defence, education, health, social housing, waste and energy from waste.

Finance: advising lenders, issuers, borrowers and advisors on leveraged and acquisition finance, corporate finance, structured finance, asset finance and leasing, aircraft finance, capital markets, project finance, real estate finance, securitsation and corporate trusts.

In addition, the practice area extends to bilateral and syndicated loans, guarantee and security issues and regulatory matters, including the establishment of banks in Europe and the carrying on of lending and investment banking activities within Europe.

Restructuring: advising on all issues arising from corporate distress, distressed investing and formal insolvencies.

Other offices: Abu Dhabi, Adelaide, Beijing, Brisbane, Brussels, Canberra, Dubai, France, Frankfurt, Hong Kong, India (best friend referral arrangement with Indian Law Partners (ILP)), Jakarta (associated office), Jeddah (associated office), Madrid, Melbourne, Milan, Munich, New York, Perth, Port Moresby, Rome, Shanghai, Singapore, Stockholm, Sydney, Tokyo and Washington DC.

Number of UK partners 400

Number of other UK fee-earners 1,800

Above material supplied by Ashurst.

Legal Developments in the UK

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Home Office announces extension of support service for SMEs

    An online support service for small and medium sized businesses (SMEs) which need to recruit skilled overseas workers has been extended until 28 February 2014. The pilot was launched by UK Visas & Immigration (UKVI) in partnership with the Greater London Authority (GLA) and provides a step by step guide to sponsoring an overseas worker. This service is available via the GLA website.
  • Penningtons Manches' immigration team considers new changes to the Tier 4 Sponsor Guidance

    The Home Office has recently published new Tier 4 Sponsor Guidance, version 12/13. This guidance is to be used by all prospective and existing Tier 4 sponsors from 11 December 2013.
  • Finding the 
right words

    In the recent case of Newbury v Sun Microsystems [2013], the defendant argued that an offer to settle proceedings was ‘in principle' only and that a binding contract could not be formed until further terms had been agreed and a formal contract had been signed. It supported this argument by referring to a statement, in the offer letter, that the settlement was to be ‘recorded in a suitably worded agreement'. 

  • Behind the corporate veil: is that all there is?

    That companies have an existence entirely separate to that of their shareholders and directors is a foundational principle of English law and commerce.

  • Playing fair with penalty clauses

    It is often difficult to predict what will be recoverable as damages for breach of contract. To provide some certainty, parties will often seek to agree the sum that will be payable in the event of specified breaches. 

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of €50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than €6.5m. 

  • The role of arbitrators in EU antitrust law

    In May 2014, it will be ten years since Regulation No 1/2003 entered into force. When the legislator of the European Union adopted this Regulation on 16 December 2002, its main objective was to decentralise the enforcement of the two main provisions of EU antitrust law, Articles 81 and 82 of the Treaty establishing the European Community (now Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU)). Where do the arbitrators fit in this picture?

  • New Immigration Bill, October 2013: cause for concern or appeasing public sentiment?

    The year 2013 has seen a string of reforms to the immigration system by the current coalition government. On 10 October, the government published a Bill aimed at continuing its drive to reduce net migration figures. 

  • New Schengen EU Regulations: impact on short-stay visa visitors

    The publication on 26 June 2013 of the European Union Regulation EU 610/2013 modified the incumbent Regulation EU 562/2006 in relation to third country nationals (ie non-EU citizens) and those travelling on a short-stay visitor visa, as well as those who do not require a visa to enter the Schengen area, Romania, Croatia and Bulgaria. Exceptions include EU and EEA nationals travelling to other EU/EEA states within the Schengen area together with foreign nationals holding either long-stay or residence permits for their destination Schengen countries.

  • New revised guidelines for administrators in pre-pack sales

    Pre-pack sales by administrators are now used frequently enough for most people in business to be aware of them and many have come across them in their business lives. A small amount of controversy still attaches to pre-packs, but it is probably right to say that they are now an accepted part of the UK business scene as a useful means of rescuing a business in difficulty and preserving some or all of the jobs connected with the business.
    - Druces