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Latham & Watkins

99 BISHOPSGATE, LONDON, EC2M 3XF, ENGLAND
Tel:
Work 020 7710 1000
Fax:
Fax 020 7374 4460
Email:
Web:
www.lw.com

London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 2

Latham & Watkins

Latham & Watkins¬†has particular expertise in cross-border mandates, notably in the technology and fintech sectors. Andrew Moyle¬†advises clients ranging from traditional financial institutions to new technology incumbents. He co-leads the practice with Gail Crawford, who focuses on technology, intellectual property and commercial law. Their team includes the ‚Äėoutstanding‚Äô Fiona Maclean, who specialises in blockchain and data, and Christian McDermott, who is experienced in complex technology transactions, large-scale outsourcings and payment infrastructure matters. The group acted for Credit Suisse in its investment and collaborative venture with fintech provider Priv√© to develop a multi-jurisdictional wealth management platform.

Practice head(s):Andrew Moyle; Gail Crawford

Other key lawyers:Christian McDermott; Fiona Maclean

Testimonials

'Latham & Watkins' team is pragmatic and constructive, whilst bringing an excellent subject knowledge of the areas in question'

'The contract created was robust and has been effective ever since'

'The team provides deep subject knowledge and advice at the intersection of points of law with commercial decisions'

'The team communicates excellently and is able to move forward at pace, whilst being diligent across a complex contract'

'Fiona Maclean provided very able day-to-day leadership'

Key Clients

Credit Suisse Equity Derivatives

OpenX

Zimmer Biomet Pte Ltd

Caisse de Dépôt et Placement du Québec

Lumendi Ltd. (UK)

Transferwise

Work highlights

  • Acting for OpenX, a programmatic advertising technology company, in relation to its outsourcing collaboration with Google Cloud Platform.
  • Advising Zimmer Biomet on the renegotiation of its global outsourcing agreement with Genpact.
  • Acting for Caisse de Dépôt et Placement du Québec (CPDQ) in relation to a significant outsourcing deal.
  • Acting for Lumendi, an emerging medical devices company, in relation to the drafting of a suite of commercial contracts.
  • Advising TransferWise on a matter involving designing and building a contracting structure for use in TransferWise’s growing business-to-business offering.
Leading individuals

Andrew Moyle - Latham & Watkins

Next Generation Partners

Christian McDermott - Latham & Watkins

Fiona Maclean - Latham & Watkins

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Corporate tax
Corporate tax - ranked: tier 4

Latham & Watkins

Finance and M&A-related tax are key areas of expertise for the team at Latham & Watkins, which has a strong transactional focus and a specialism in private equity-related work. The group also regularly supports other departments in the firm on issues such as IPOs and technology-related taxation. Transactional tax specialist Sean Finn and Karl Mah (who is the principal tax contact for the London office's banks and capital markets departments) co-head the team.

Practice head(s):Sean Finn; Karl Mah

Other key lawyers:Stephen Brown

Testimonials

'Very competent technically and very commercial'

'Karl Mah is a good sounding board to discuss tax issues to a transaction'

'Very knowledgeable, with excellent technical expertise and strong communication skills'

Key Clients

The Carlyle Group

Credit Suisse

Houlihan Lokey

Manchester United

Onex Partners

Soho House

Platinum Equity

Cognizant Technology Solutions Corp

Work highlights

  • Advised Wagamama, Duke Street, Hutton Collins and the other selling shareholders in connection with the high profile acquisition by The Restaurant Group plc of the entire issued share capital of the holding company of the Wagamama group.
  • Advised Credit Suisse on the acquisition by Dana Incorporated of the driveline division of GKN, a UK-based provider of engineering services to the automotive and aerospace industries
  • Represented Platinum Equity on its acquisition of the European vacation rental business of Wyndham Worldwide Corporation.

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EU and competition
EU and competition - ranked: tier 4

Latham & Watkins

At Latham & Watkins, recent work highlights involve the full spectrum of competition law work such as merger control advice, state aid, compliance counselling, reviews and investigations, and market investigations conducted by the CMA in particular. The team’s strong expertise in the area make it a desirable destination for a number of financial-sector clients. The group has also carved out a reputation in the TMT industry, in which it boasts a list of high-profile clients such as Viasat. John Colahan advises on matters in the consumer goods as well as in the medical products and pharmaceuticals space. Colahan jointly heads the department with Jonathan Parker, who stands out for his prior work experience at the CMA.

Practice head(s):John Colahan; Jonathan Parker

Testimonials

'The team has great knowledge of UK competition law and its application'

'The team is sensitive to in-house counsel's issues'

'John Colahan is a great organiser, who stands out for his extensive knowledge and ability to apply UK competition law to mergers'

Key Clients

Viasat

Electro Rent Corporation

Thomas Cook Group

Allergan

Aviva

InterXion Holding N.V.

Acco Brands Corporation

RPC Group

Singapore Airlines

Rowan Companies

Work highlights

  • Advising iZettle on the $2.2bn acquisition of iZettle, a Swedish financial technology company, by PayPal; work includes advising on a Phase II-investigation by the CMA.
  • Advising the Electro Rent Corporation on its acquisition of Microlease and Test Equipment Asset Management.
  • Assisting Rowan Companies with obtaining global merger clearance for its $12bn merger with Ensco, an offshore drilling services provider.
  • Representing Valve Corporation in the European Commission‘s investigation into suspected geo-blocking of video games sold by the publishers in the EEA.
  • Obtained merger clearances in multiple jurisdictions for a large travel company.

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Equity capital markets ‚Äď mid-large cap
Equity capital markets ‚Äď mid-large cap - ranked: tier 1

Latham & Watkins

Complemented by a prolific tech practice and transatlantic and pan-European expertise,¬†Latham & Watkins¬†is consistently involved in some of the largest listings in London and throughout the European markets. 'Well-staffed and very collaborative', the London team was involved in the largest tech IPO on the London Stock Exchange (LSE) in 2018, and also handled 2018's largest European IPO in conjunction with the firm's Frankfurt office. The English law ECM practice is led by¬†James Inness, who sits in the wider corporate group alongside the London private equity team¬†‚Äď another important source of work for the capital markets group. Spearheaded by¬†David Boles¬†and¬†Olof Clausson, the US securities group on the other hand sits alongside and shares a pool of associates with the high-yield team. Clausson has a particularly strong reputation in the Nordic markets and has developed expertise in the fintech and digital payments sectors.

Practice head(s):Olof Clausson; James Inness

Other key lawyers:David Boles; Josh Kiernan

Testimonials

'Latham has in recent years become perhaps the pre-eminent firm for large IPOs across EMEA.'

'Consistently attracts top lawyers in every major jurisdiction.'

'The firm's mix of local and international expertise is unrivalled.'

'Olof Clausson has unparalleled experience in the Nordic markets; David Boles can find soft landings in tough situations; and James Inness is simply outstanding.'

Key Clients

Morgan Stanley

JP Morgan

Nordea

Siemens

Bain Capital

ING

Avast Software

Nordic Capital

ECI Telecom

SIG Combibloc

CVC Capital Partners

Farfetch

Work highlights

  • Represented the underwriters and sponsors in connection with the IPO of Avast on the LSE. This deal represented the largest tech IPO on the LSE in 2018.
  • Advised Siemens AG on the IPO of its Healthineers unit on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange. This was the world's largest IPO in the first quarter of 2018, the largest European IPO of 2018, and the second largest IPO in Germany in the last ten years.
  • Advised SIG Combibloc Group AG on its IPO of 151,800,000 Ordinary Shares listed on the SIX Swiss Exchange. The deal is the largest IPO in Switzerland and the third-largest in Europe in 2018.
  • Advised the underwriters on the IPO of 4,189,102 Ordinary Shares listed on the Euronext Amsterdam by Adyen NV.
  • Advised Farfetch on the IPO of 50,880,311 Class A ordinary shares listed on the NYSE, and concurrent private placement of 1,361,635 Class A ordinary shares.
Leading individuals

David Boles - Latham & Watkins

Olof Clausson - Latham & Watkins

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Financial services: contentious
Financial services: contentious - ranked: tier 4

Latham & Watkins

The regulatory team at Latham & Watkins specialises in bank-wide implementation projects, sensitive internal investigations, high-profile independent reviews and product governance.  On the non contentious side, the firm has experience in transatlantic regulatory development work and provides an institutional asset management practice as well as fintech services combining regulation and technology. Practice head Rob Moulton specialises in high profile matters relating to MiFID II and Brexit. He can call on the expertise of 'very good technical lawyer' David Berman, who is known for advice in relation to the asset management, broking and banking sectors; and Carl Fernandes, who arrived from Linklaters LLP in 2018 and acts for international investment banks and asset managers 'providing consistently high quality advice'. The team has particular experience in EU benchmarks regulation. Also notable is associate Jonathan Ritson-Candler. On the contentious side, the 'astute, wily' Jon Holland and the 'excellent' Andrea Monks arrived in 2018 from Hogan Lovells International LLP and co-lead the firm’s offering. They specialise in complicated and high profile disputes and contentious regulatory issues, particularly with a multi-jurisdictional element, and have a strong track record advising retail and investment banks, asset managers, and other financial institutions.

Practice head(s):Jon Holland; Andrea Monks 

Testimonials

'The team has a very experienced set of superb banking litigators who are also great fun to work with'

'Deep experience in the field brings an underlying knowledge of financial markets'

'It's hard to think of a better banking litigator than Jon Holland'

'Andrea Monks is extremely bright with lashings of good sense'

Work highlights

  • Advising a major international investment bank on an investigation led by a European competition authority into alleged anti-competitive trading in the FX market.
  • Advising a large Japanese bank in relation to an investigation involving regulators around the globe as a result of alleged trading in restricted securities and failing to disgorge profits.
  • Assisting a major international investment bank with an investigation into conduct in the capital markets space.
  • Advising senior bank employees and ex-employees in  an investigation by US prosecutors into alleged commodities fraud and spoofing.

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Financial services: non-contentious/regulatory
Financial services: non-contentious/regulatory - ranked: tier 2

Latham & Watkins

The regulatory team at Latham & Watkins specialises in bank-wide implementation projects, sensitive internal investigations, high-profile independent reviews and product governance matters.  On the non-contentious side, the firm has experience in transatlantic regulatory development work and provides an institutional asset management practice as well as fintech services combining regulation and technology. Practice head Rob Moulton specialises in high profile matters relating to MiFID II and Brexit. He can call on the expertise of 'very good technical lawyer' David Berman, who is known for advice in relation to the asset management, broking and banking sectors; and Carl Fernandes, who arrived from Linklaters LLP in 2018 and acts for international investment banks and asset managers 'providing consistently high quality advice'. The team has particular experience in EU benchmarks regulation. Also notable is associate Jonathan Ritson-Candler. On the contentious side, the 'astute, wily' Jon Holland and the 'excellent' Andrea Monks arrived in 2018 from Hogan Lovells International LLP and co-lead the firm’s offering. They specialise in complicated and high profile disputes and contentious regulatory issues, particularly with a multi-jurisdictional element, and have a strong track record advising retail and investment banks, asset managers, and other financial institutions.

Practice head(s):Rob Moulton

Other key lawyers:David Berman; Carl Fernandes; Nicola Higgs; Jonathan Ritson-Candler

Testimonials

'The regulatory team at Latham has broad and deep knowledge of UK regulation and gives both technically accurate and pragmatic advice in a prompt and client-focused way'

'They are a good bunch to deal with: approachable, friendly and apply a common sense approach'

'The team's exposure to a variety of clients allows for the provision of insightful advice and a sense of applied industry standards'

'Rob Moulton and Nicola Higgs are very strong partners in the team'

'David Berman is a go-to guy. He's super-responsive, always gives very practical advice and is not afraid to challenge and push-back where appropriate'

'Carl Fernandes has a deep understanding and a distinct ability to target his advice to the business model'

 

Key Clients

Bank of America Merrill Lynch

Morgan Stanley

J.P. Morgan Securities Plc

Citigroup

Legal and General Investment Management

China Construction Bank

Sanford C. Bernstein

Millennium Capital

Central Bank of Egypt

Numis Corporation Plc

Interactive Brokers

Virtu Capital

Evercore

Deutsche Bank

Credit Suisse

UBS

Nomura International plc

Work highlights

  • Advising on a transformative mandate for CBE involving a complete reformulation and enhancement of Egypt’s banking regulatory regime.
  • Advising a consortium led by Blackstone and CVC Capital Partners on its offer for Paysafe Group
  • Undertaking an independent culture review – the first ever commissioned by Legal & General Investment Management - given the ongoing regulatory focus and emphasis on conduct and culture.
  • Advised BAML on various complex Brexit matters relating to the establishment of a subsidiary in Paris.
  • Acted for SCB on the acquisition of Autonomous Research, an independent research boutique.
Leading individuals

Carl Fernandes - Latham & Watkins

David Berman - Latham & Watkins

Rob Moulton - Latham & Watkins

Rising stars

Jonathan Ritson-Candler - Latham & Watkins

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M&A: upper mid-market and premium deals, £500m+
M&A: upper mid-market and premium deals, £500m+ - ranked: tier 3

Latham & Watkins

Latham & Watkins handles corporate, transactional and advisory work for corporates, private equity sponsors, funds and investment banks. The US-firm acts for a large number of multi-jurisdictional clients, with a particular focus on the US-UK pipeline, advising on both inbound and outbound investment. The firm frequently acts opposite Magic Circle and Silver Circle firms, as was the case when advising JP Morgan as financial sponsor to Takeda Pharmaceuticals on its acquisition of Shire. The matter was led by Richard Butterwick, who also advised GVC Holdings in connection with the acquisition of Ladbrokes Coral. Farah O’Brien specialises in cross-border private M&A, and has a strong track record in joint ventures and corporate restructurings. The 'oustanding' Ed Barnett has extensive experience advising international companies on cross-border M&A transactions, and works with a number of high-profile clients across key sectors. The practice is led by Nick Cline and Robbie McLaren, and benefited from the arrivals of Brendan Moylan from Clifford Chance LLP and Neil Ferguson from Jones Day, specialists in infrastructure and real estate transactions respectively.

Practice head(s):Nick Cline; Robbie McLaren

Other key lawyers:Ed Barnett; Richard Butterwick; Martin Saywell; Farah O'Brien; Brendan Moylan; Neil Ferguson

Testimonials

'Extremely diligent, detail-orientated legal work, combined with tenacious negotiation and, just as importantly, very hands on client service in managing complex situations'

'Ed Barnett is outstanding. He gives practical, realistic, pragmatic and strategic advice backed by excellent and diligent legal work. I would recommend him to anyone.'

'Nick Cline is tenacious, attentive to detail, calm under pressure, and has stellar negotiation skills and inexhaustible stamina. He was  a critical part of our success'

Key Clients

888 Holdings

Allergan

Aon

Ashkenazy Acquisition Corp

Farfetch

GlaxoSmithKline

GVC Holdings plc

Liva Nova

Motherson Group

Norsk Hydro

RPC Group

Telenor

Theramex

Thomas Cook

TI Fluid Systems plc

Tullow Oil

Venator Materials plc

VEON

Wizz Air plc

Work highlights

  • Represented Duke Street in connection with the sale of Wagamama to The Restaurant Group.
  • Acted for GVC Holdings in connection with the financing and acquisition of Ladbrokes Coral, by way of scheme of arrangement for £4.1bn
  • Represented the independent directors of Vedanta Resources in connection with a $3.97bn takeover by Volcan Investments.
  • Advised JP Morgan Securities as financial adviser to CME Group in connection with the $5.4bn acquisition of Nex Group.
  • Acted for William Demant Invest A/S in connection with the acquisition of Vision RT, a UK-based imaging technology company.
Leading individuals

Nick Cline - Latham & Watkins

Next Generation Partners

Farah O'Brien - Latham & Watkins

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Private equity: transactions ‚Äď high-value deals (¬£250m+)
Private equity: transactions ‚Äď high-value deals (¬£250m+) - ranked: tier 2

Latham & Watkins

Described as a 'very classy outfit' by one client, Latham & Watkins¬†' large City team advises on a wide range of transactions for a number of large buyout houses.¬† Notably, the firm represented Hellman & Friedman and Blackstone on their failed ‚ā¨5.7 billion takeover offer for Scout24 AG - which would have been the biggest public-to-private deal in Germany to date. Global vice chair of corporate¬†¬†David Walker¬†and global vice chair of private equity Kem Ihenacho¬†are key figures in a London team which also includes recently made up partner¬†Linzi Thomas¬† who has a keen interest in Africa matters. Also recommended is Tom Evans, whose key clients include the likes of Permira and Platinum Equity. Working closely with experienced PE teams in Germany, France, Spain and Italy, the London group delivers¬†a seamless pan-European service on cross-jurisdictional mandates. The practice further benefits from the firm's¬†broader finance and capital markets offering, which ensures it can handle¬†all forms of loan, bond and hybrid capital structures when it comes to transaction financing.

Practice head(s):Kem Ihenacho; David Walker

Other key lawyers:Tom Evans; Linzi Thomas; Farah O'Brien

Testimonials

'Highly experienced senior lawyers with several decades of experience'.

'Latham has a great bench strength, in London and throughout Europe. We find them one of the best firms in terms of delivering cross-border PE transactions.'

'David Walker and Oliver Felsenstein (Germany) have deep private equity experience, take a well- balanced approach to contracts and are a safe pair of hands'.

'David Walker is a real leader; he is very strong technically, incredibly diligent and a wonderful resource for difficult judgement calls and risk decisions. Farah O'Brien is a real star performer'

'Linzi Thomas is a young partner who has been advising me on my last three transactions. Her work is of the highest quality and I trust her fully. She is an excellent negotiator who seeks the right level of input on commercial points and raises the critical issues, which gives me huge leverage'.

'Kem Ihenacho leads the private equity practice for Latham in Europe. Kem has advised me on several transactions personally and he is one of the best lawyers I have worked with; he is calm but incredibly firm when necessary'.

Key Clients

Blackstone

Canada Pension PlanInvestment Board

CVC Capital Partners

Global Infrastructure Partners

Hellman & Friedman

Helios Investment Partners

Onex Corporation

Permira

Platinum Equity

The Carlyle Group

CPDQ

TA Associates

KKR

Goldman Sachs PIA

Work highlights

  • Represented The Carlyle Group on the €10.1bn acquisition by The Carlyle Group and GIC of AkzoNobel’s Specialty Chemicals Business.
  • Represented Hellman & Friedman and Blackstone on their unsuccessful €5.7bn takeover offer for Scout24 AG, a leading operator of digital marketplaces.
  • Advised Platinum Equity in connection with its $1.3bn acquisition of the European vacation rental business of Wyndham Worldwide, a provider of hospitality services and related products.
  • Advised CDPQ in connection with its £1.65bn acquisition, along with Generation Investment Management, of General Atlantic and H.I.G. Capital's investment in FNZ, a UK-based investment platform technology provider.
Leading individuals

David Walker - Latham & Watkins

Kem Ihenacho - Latham & Watkins

Tom Evans - Latham & Watkins

Next Generation Partners

Linzi Thomas - Latham & Watkins

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 2

Latham & Watkins

Latham & Watkins' 'notably bright and hard-working team' is widely respected for complex, high-value disputes, frequently with cross-border elements or involving proceedings outside England and Wales, and the practice has significant knowledge of the regulatory regimes governing banks, brokers, hedge funds, investment managers and advisers, and swaps market participants. It acted for ABN AMRO Bank, a major global financial institution, in high-stakes litigation that arose from the collapse of Bernard Madoff Investments Securities, which is widely considered the largest Ponzi scheme ever. Jon Holland, Andrea Monks, Martin Davies and Oliver Browne  are highly rated, and the disputes team can draw on the expertise of three silks in Stuart Alford QC, Sophie Lamb QC and Philip Clifford QC. Dan Smith and Oliver Middleton are key counsels.

Practice head(s):Jon Holland; Andrea Monks

Other key lawyers:Martin Davies; Oliver Browne; Stuart Alford QC; Sophie Lamb QC; Philip Clifford QC; Dan Smith; Oliver Middleton

Testimonials

'Provides an outstanding service to its clients; the practice has a rigorous approach both to legal issues and strategic decisions in which the available arguments and options are analysed in depth in order to ensure that the case is presented as effectively as possible.'

'The lawyers are good communicators who engage sensibly with clients, opposing solicitors, and counsel; it is a pleasure to work with them.'

'Oliver Browne is extremely good with clients; he has excellent judgement, is sensitive to the commercial dynamics of any dispute, and understands that litigation is not an end in itself.'

'Dan Smith is a fine counsel, who is always eager to explore different angles on a case and often comes up with good points that others might have missed.'

Key Clients

Samba Financial Group

ABN AMRO Bank

Caja de Ahorros y Monte de Piedad de Madrid

SNS Global Custody

Quilvest Finance

Bank Julius Baer & Co

Trust Company of the West

Work highlights

  • Defended Samba Financial Group (Samba), one of the largest Saudi Arabian banks, in a long-running case which arose from the multi billion-dollar dispute between the Al-Gosaibi family, Maan Al Sanea and the Saad Group of companies. The claims were brought by the liquidators of Saad Investments for the alleged transfer of $318m trust assets to Samba.  
Leading individuals

Andrea Monks - Latham & Watkins

Jon Holland - Latham & Watkins

Rising stars

Dan Smith - Latham & Watkins

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Commercial litigation
Commercial litigation - ranked: tier 2

Latham & Watkins

Latham & Watkins' 'very professional team is hands on and provides clear guidance. Timing is also always good and clients know that they are in good hands'. It is highly regarded for high-profile litigation, including cases that are mission-critical for clients, cases that produce important new laws and cases in new areas, such as group actions and test cases. The firm has been making a push to grow its City disputes team in recent years, adding a number of partners including financial services litigators  Jon Holland and Andrea Monks from Hogan Lovells in 2018. Significant matters have seen Sophie Lamb QC represent Royal Dutch Shell and The Shell Petroleum Development Company of Nigeria in group actions brought on behalf of thousands of residents of two Niger Delta communities in relation to alleged environmental pollution.  London practice head Oliver Browne is experienced in complex commercial litigation and arbitration, while global litigation vice-chair  Martin Davies' practice covers corporate and shareholder disputes as well as litigation in the banking, technology, data and communications sectors. Also key to the group is Ian Felstead , as well as counsels Daniel Smith and Oliver Middleton.

Practice head(s):Martin Davies; Oliver Browne

Other key lawyers:Sophie Lamb QC; Ian Felstead; Jon Holland; Andrea Monks; Daniel Smith; Oliver Middleton

Testimonials

'Excellent communicators who know the law and are very good at explaining this verbally and in writing.  Their writing skills in legal proceedings (letters and briefs) are outstanding'.

Key Clients

The Carlyle Group

Royal Dutch Shell

Barclays Bank

ITV

Singapore Airlines

London Stock Exchange

ABN AMRO

Samba Financial Group

Renesas Electronics Europe

Sinovac Biotech

Work highlights

  • Successfully protected Sinovac Biotech and its board of directors from the actions of dissenting shareholders, including 1Globe Capital, a US medical biotechnology research organisation.
Leading individuals

Martin Davies - Latham & Watkins

Oliver Browne - Latham & Watkins

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International arbitration
International arbitration - ranked: tier 3

Latham & Watkins

Latham & Watkins' London team advises on the full scope of international arbitration matters, including multi-jurisdictional disputes, international commercial arbitration, investment treaty arbitration and PIL matters. It stands out for its assistance to significant oil, gas and nuclear companies. Sophie Lamb QC is a global co-chair of the international arbitration practice and Oliver Browne is the chair of the London litigation and trial practice. The other names to note are Philip Clifford QC, PIL expert Charles Claypoole and Sebastian Seelmann-Eggebert, who divides his time between London and Hamburg. Samuel Pape and Robert Price are experienced associates. Former counsel Charles Courtenay left for Michelmores LLP.

Practice head(s):Sophie Lamb QC

Other key lawyers:Oliver Browne; Philip Clifford QC; Charles Claypoole; Sebastian Seelmann-Eggebert; Samuel Pape; Robert Price

Testimonials

'They have great work and a great team'.

'Philip Clifford QC and Oliver Browne are really impressive for the personal involvement and attention they give to cases, the speed of their responses and the quality of their legal advice and work'.

Key Clients

Indorama International Finance

Mobile TeleSystems Finance

ArcelorMittal

Sri Trang Agro Group

Travis Coal Restructured Holdings

ABN AMRO Bank

Eni

Strabag

Work highlights

  • Defended Ukraine in a high-value arbitration that was brought by three Cypriot companies under the Energy Charter Treaty.
Leading individuals

Philip Clifford QC - Latham & Watkins

Sophie Lamb QC - Latham & Watkins

Rising stars

Samuel Pape - Latham & Watkins

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Public international law
Public international law - ranked: tier 2

Latham & Watkins

Latham & Watkins fields 'a talented team of lawyers' with 'first-class' knowledge of public international law ranging from territorial boundary law, maritime delimitation to Law of the Sea disputes before the International Court of Justice and the Permanent Court of Arbitration; international trade and WTO law; sovereign immunity; international humanitarian law and human rights. Its international sanctions practice continues to be sought for advice related to sanctions imposed against Russia and it has noted a steady growth in instructions relating to international sanctions on Iran and EU blocking measures. Charles Claypoole has a strong track record as an advocate in investment treaty arbitration, and is currently representing Ukraine in the largest treaty claim brought against it, valued at approximately $5bn. Sophie Lamb and Sebastian Seelmann-Eggebert are also highly regarded for international arbitration.

Practice head(s):Charles Claypoole

Testimonials

'Charles Claypoole and Sebastian Seelmann-Eggebert are at the top of the game for investment arbitration and public international law. Their team includes associates, in particular Thomas Lane, with partner-level expertise and judgement.'

Key Clients

Republic of Croatia

Government of Ukraine

Republic of Colombia

Thomas Gosling and Mauritian Property Partnerships

VTB Bank

Kingdom of Saudi Arabia

Work highlights

  • Defending the state of Ukraine in an arbitration brought by three Cypriot companies under the Energy Charter Treaty, valued at approximately $5bn.
  • Representing Strabag SE, a major Austrian construction company, in the first ICSID arbitration ever brought against Libya. The claim concerns complex matters of investment treaty law and international humanitarian law.
  • Representing the Kingdom of Saudi Arabia in an arbitration brought by Hochtief Infrastructure GmbH under the bilateral investment treaty between Saudi Arabia and Germany, in relation to construction of an airport.
  • Acting for Mason Capital, a US-based hedge fund in an investor-state arbitration against the Republic of Korea under the US-Korea Free Trade Agreement arising out of the Korean government’s interference with Mason Capital’s investments in certain listed companies in Korea, and allegations of government corruption.
  • Acting for VTB Bank in challenging EU sanctions and initiating legal proceedings before the General Court in Luxembourg to challenge VTB Bank’s inclusion in these sanctions, arguing, inter alia, breach of fundamental rights and provisions of WTO law, the EU-Russia Partnership and Cooperation Agreement and various friendship, commerce and navigation treaties with Russia.
Leading individuals

Charles Claypoole - Latham & Watkins

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 1

Latham & Watkins

Benefiting from an equally strong offering on the high yield and bank debt front,¬†Latham & Watkins¬†is a perennial presence in the market on many of the largest and most sophisticated mandates for lenders and borrowers. Able to mobilise extensive resources from across the firm‚Äôs international network, as well as being particularly adept at structuring deals utilising highly bespoke private finance solutions (including the implementation of PIK loans, US Term Loan B‚Äôs, private high yield notes and other hybrid investments), the team is noted for its ‚Äėhigh levels of creativity‚Äô. The ‚Äėvery experienced‚Äô¬†Stephen Kensell¬†and the ‚Äėsuperb‚Äô¬†Mohamed Nurmohamed¬†have an excellent reputation among many leading investment banks, with Nurmohamed recently working alongside colleagues from the US on behalf of JP Morgan, on the term loan facilities in connection with Takeda Pharmaceutical Company's acquisition of Shire Plc. On the private equity front, team head¬†Sam Hamilton¬†continues to handle a plethora of financings for Nordic Capital, while the ‚Äėexcellent‚Äô¬†Dominic Newcomb¬†regularly handles work for large US private equity sponsors.¬†Ross Anderson¬†is also recommended and ‚Äėreally gets the negotiating dynamic‚Äô on behalf of a plethora of major banking clients on cross-border acquisition finance mandates.

Practice head(s):Sam Hamilton

Other key lawyers:Stephen Kensell; Jayanthi Sadanandan; Dominic Newcomb; Ross Pooley; Dan Maze; Adrian Chiodo; Mohamed Nurmohamed; Ross Anderson

Key Clients

JP Morgan

Goldman Sachs

Nordic Capital

Permira Advisors

EQT

Ares Management

Deutsche Bank

Morgan Stanley

Onex

CVC Capital Partners

Work highlights

  • Represented Nordic Capital, as sponsor’s counsel, on the refinancing of Itiviti, a world-leading technology for the capital markets industry, and its subsequent acquisition of ULLINK, creating a full-service technology and infrastructure provider for global and regional financial institutions.
  • Advised Nordic Capital, as sponsor’s counsel, on term loans and a revolving credit facility in connection with its acquisition of Alloheim Group, a German care home operator.
  • Represented JP Morgan, as lender’s counsel, on term loan facilities in connection with Takeda Pharmaceutical Company's acquisition of Shire Plc, an Ireland-based biopharmaceutical company.
  • Represented Rabobank, as lender’s counsel, on term loans and a revolving credit facility in connection with Partners Group's acquisition of Ammeraal Beltech Group, a Dutch conveyer belt manufacturer, and Megadyne Group, an Italian maker of transmission belts.
  • Represented Credit Suisse, as lender’s counsel, on financing the acquisition of the Afriflora group and its subsequent merger with the Flamingo group.
Leading individuals

Dominic Newcomb - Latham & Watkins

Jayanthi Sadanandan - Latham & Watkins

Sam Hamilton - Latham & Watkins

Stephen Kensell - Latham & Watkins

Next Generation Partners

Mohamed Nurmohamed - Latham & Watkins

Ross Anderson - Latham & Watkins

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 4

Latham & Watkins

Although it is best-known for its leveraged finance prowess, Latham & Watkins' strong investment banking ties with heavy hitters including JP Morgan and Goldman Sachs ensures that it also regularly picks up its fair share of syndicated loans work and investment grade M&A financings. The team is particularly well-positioned to advise on bespoke cross-border mandates which involve deep knowledge across the capital structure, including on dual bank and bond financings. The vastly experienced Stephen E Kensell's leading bank-side reputation sees him engaged in a significant flow of investment-grade M&A and IPO-related finance. He recently advised HSBC on the term loan and revolving credit facilities in connection with Cineworld Group’s $4.3bn acquisition of Regal Entertainment Group.

Practice head(s):Sam Hamilton

Other key lawyers:Stephen Kensell; Ross Pooley; Dan Maze; Adrian Chiodo; Mohamed Nurmohamed; Ross Anderson

Key Clients

JP Morgan

Goldman Sachs

Deutsche Bank

Morgan Stanley

Work highlights

  • Represented JP Morgan, as lender’s counsel, on term loan facilities in connection with Takeda Pharmaceutical Company's acquisition of Shire plc, an Ireland-based biopharmaceutical company.
  • Represented Bank of America on the refinancing for Algeco Scotsman, which included underwritten bridge facilities and commitment to provide an asset-backed loan facility.
  • Represented Rabobank, as lender’s counsel, on term loans and a revolving credit facility in connection with Partners Group's acquisition of Ammeraal Beltech Group, a Dutch conveyer belt manufacturer, and Megadyne Group, an Italian maker of transmission belts.
  • Represented Credit Suisse, as lender’s counsel, on financing the acquisition of the Afriflora group and its subsequent merger with the Flamingo group.
  • Represented HSBC, as lender’s counsel, on the term loan and revolving credit facilities in connection with Cineworld Group’s $4.3bn acquisition of Regal Entertainment Group, a motion picture exhibitor.
Leading individuals

Stephen Kensell - Latham & Watkins

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Corporate restructuring & insolvency
Corporate restructuring & insolvency - ranked: tier 2

Latham & Watkins

Latham & Watkins' rapidly growing six-partner team¬†‚Äď strengthened by the arrival of 'extremely proactive problem solvers'¬†Yen Sum ¬†and¬†Jennifer Brennan¬†from¬†Sidley Austin LLP¬†in July 2018¬†‚Äď provides 'insightful and highly bespoke advice' to a range of stakeholders throughout the capital structure. Instructed on a standalone basis and also generating a significant workflow from the firm's strong private equity and bank/capital markets practices, the team provides 'dynamic and user-friendly advice' to creditors and debtors across a growing volume of the¬†¬†most complex cross-border restructurings in the market. 'Highly commercial' team head¬†Simon J Baskerville¬†is a 'force of nature for fund restructurings'. He¬†recently spearheaded the team's work, along with practitioners from New York and Hamburg, on the high-profile representation of a committee of creditors of Steinhoff Europe on its comprehensive restructuring. The 'very experienced'¬†John Houghton¬†handles work for a broad range of stakeholders, particularly in relation to emerging markets mandates, while¬†Helena Potts¬†has a focus on debtor side mandates.

Practice head(s):Simon Baskerville

Other key lawyers:John Houghton; Yen Sum; Helena Potts; James Chesterman; Jennifer Brennan

Testimonials

'The team is dynamic and easy to work with.'

'The practice has a creative approach to solving issues that arise.'

'Simon Baskerville stands out for his commercial instincts and ability to understand how his clients are thinking of a situation and helping them achieve their goals.'

'Yen Sun and Jennifer Brennan are incredibly commercial, hands-on, diligent and thorough. They truly work with the client to provide a custom solution, are incredibly dynamic in fluid situations and go above and beyond to protect their clients' interests.'

 

Key Clients

Goldman Sachs

Hayfin Capital Management

DTEK

Bibby Offshore

Savannah Petroleum

M&G Investments

KKR

KPMG

Credit Suisse

Work highlights

  • Advised senior lenders and separately Barclays as security agent in the  restructuring of Prezzo, including a company voluntary arrangement.
  • Advised the committee of creditors of Steinhoff Europe in the comprehensive restructuring of the Steinhoff group, including by way of scheme of arrangement and company voluntary arrangement.
  • Acted for Savannah Petroleum Plc on its proposed acquisition of certain Seven Energy oil and gas assets as part of Seven Group’s financial restructuring.
  • Acting as security agent for Barclays Bank in connection with financing provided to the Four Seasons Healthcare Group and in connection with the group’s distressed and contentious restructuring.
  • Advised an ad hoc committee of bondholders in connection with Johnston Press’s financial restructuring concerning a debt for equities swap by way of a pre-pack administration.
Leading individuals

John Houghton - Latham & Watkins

Simon Baskerville - Latham & Watkins

Yen Sum - Latham & Watkins

Next Generation Partners

Jennifer Brennan - Latham & Watkins

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Debt capital markets
Debt capital markets - ranked: tier 2

Latham & Watkins

Latham & Watkins has one of the largest and most experienced US capital markets teams in Europe, which gives it a prominent role in 144A offerings into the United States, which involve challenging disclosure and diligence issues. In EMEA, the firm advised on more than 120 debt issuances in 2018, with an aggregate deal value of $120bn, and London played a central role in many of those transactions.  The 'lean and professional team, which has more of a personal touch than is offered by many of its competitors', is regarded as a leading player in many areas of the DCM market. In emerging markets debt, the firm acts for issuers and investment banks on landmark and groundbreaking multi-jurisdictional debt offerings in the CEE and CEMEA regions. It frequently advises on sovereign and quasi-sovereign debt issuance, which included a recent $1.2bn notes offering by the Government of Ukraine. It also excels in liability management and English law private placement transactions. Lene Malthasen and David Stewart are the standout partners.

Practice head(s):Lene Malthasen; David Stewart

Other key lawyers:Harrison Armstrong

Testimonials

'The team has an excellent work ethic and shows commerciality in its legal advice'.

'The lawyers are personable, hardworking and reliable'.

'The firm has a hardworking and commercial team with best-in-class execution'.

'The lawyers are willing to go the extra mile to provide solutions and answers to problems. They are generally available at short notice and are always seeking to provide assistance to banks'.

'Associate Harrison Armstrong is always available to discuss both small and larger matters and will guide you safely through any major transaction'.

Key Clients

ING

Deutsche Bank

Goldman Sachs

HSBC

JP Morgan

UBS

Alfa Bank

Mobile TeleSystems PJSC / Dega Retail Holding Limited

Tinkoff

VEON

Work highlights

  • Represented the joint bookrunners on a new issue of $750m 8.994% notes due 2024 and $1.2bn 9.75% notes due 2028 by the Government of Ukraine.
  • Represented the initial purchasers in connection with the 16.5% loan participation notes due 2021 issued by Biz Finance plc to fund a loan to Ukreximbank.
  • Acted for ING Bank and J.P. Morgan as dealer managers in connection with the solicitation of consents to amend any and all of the outstanding $500m 3.875% notes due 2022; $1bn 4.40% notes due 2023; $1bn 4.75% notes due 2027; and $1.2bn 5.75% notes due 2047 issued by JSC National Company KazMunayGas.
  • Representation of the initial purchasers in connection with the issuance of 7.25% notes due 2023 by Rönesans Gayrimenkul Yatırım A.Ş.
  • Representation of TA Associates in connection with the private placement of senior secured floating rate notes due 2025 by List Company S.p.A.
Leading individuals

David Stewart - Latham & Watkins

Lene Malthasen - Latham & Watkins

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Derivatives (including commodities)
Derivatives (including commodities) - ranked: tier 2

Latham & Watkins

The structured finance, securitisation and derivatives practice at Latham & Watkins has a core derivatives team that handles structured equity, credit and emerging markets transactions for major financial institutions and corporate and fund clients. It has in-depth knowledge of swaps, options, forwards, repos, stock loans, securitised derivatives and structured notes across all asset classes. In structured equity, the firm acts for major international investment banks, corporates and funds in the Middle East, Europe, the United States and Asia. Its recent work include advising two global investment banks on the use of equity derivatives to facilitate two high-profile acquisitions of stakes in listed companies in Europe and Asia. It was also involved in developing market standard collateral structures for use in The Kingdom of Saudi Arabia. Global practice chair Sanjev Warna-Kula-Suriya handles OTC and exchange-traded derivatives as part of his broad finance practice. Key partner Dean Naumowicz has extensive experience advising on a wide range of derivatives and structured products including credit, equity, and commodity transactions. Up-and-coming partner Shatha Ali and counsel Simeon Rudin also play central roles in the practice.

Practice head(s):Sanjev Warna-kula-suriya; Dean Naumowicz

Other key lawyers:Shatha Ali; Jeremy Green; Thomas Cochran; Simeon Rudin

Key Clients

Ares Management LLC

Aviva PLC

AXA Investment Managers

Bank of America Merrill Lynch

Black Diamond Capital Management LLC

BNP Paribas

Citibank Global Markets Inc.

Deutsche Bank

Fortress Investment Group

Goldman Sachs

JP Morgan

Magnetar Capital

Mizuho Securities Company Ltd

Natixis

Nordea Bank

Och-Ziff Capital Managemenet

SoftBank Group Corporation

NEX Group

UBS AG

Banque Saudi Fransi

Leading individuals

Dean Naumowicz - Latham & Watkins

Sanjev Warna-kula-suriya - Latham & Watkins

Next Generation Partners

Shatha Ali - Latham & Watkins

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Emerging markets
Emerging markets - ranked: tier 3

Latham & Watkins

Latham & Watkins is a leading player in debt capital markets transactions involving emerging markets. The practice has extensive experience in Russia and the CEE region, as well as other key jurisdictions, and represents both issuers and investment banks on landmark and groundbreaking multi-jurisdictional debt offerings. Debt specialist Lene Malthasen is a key partner in the group, and frequently advises on Rule 144a issuances and liability management transactions in Russia, the CIS, the Middle East, Southern Europe and Asia. David Stewart, who works between the London and Moscow offices, focuses on the broader CEMEA region, where be uses his knowledge of US securities law to bear on debut bond offerings and liability management transactions. Project development and finance partner John Balsdon, who frequently handles oil and gas projects in emerging markets, also plays a key role in the practice.

Other key lawyers:Lene Malthasen; David Stewart; John Balsdon

Work highlights

  • Representation of the joint bookrunners on a new issue of $750,000,000 8.994% Notes due 2024; and $1,250,000,000 9.75% Notes due 2028 by the Government of Ukraine.

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High yield
High yield - ranked: tier 1

Latham & Watkins

'Consistently at the top of the market', says a client of Latham & Watkins, which has the largest group of high yield specialists of any firm in London. The firm remains a leader in the market and two promotions, Matthew Schneider  and Fritz Ernemann, bring the number of partners in Brett Cassidy's London group to nine. They handle the full range of high yield debt products in Europe, as well as calling on the firm's extensive banking, industry, regulatory and compliance practices to support investment banks, private equity sponsors and corporates. In 2018, the firm had a role in 99 high yield transactions that closed, with an aggregate deal value in excess of $105.9bn. Jocelyn Seitzman frequently handles  sponsor-side work for private equity houses; Scott Colwell and Francesco Lione act for major banks and corporates; and Jennifer Engelhardt handles deals for oil and gas industry players. Tracy Edmonson moved to the Hong Kong office with James Burnett coming the other way to join the London group.

Practice head(s):Brett Cassidy

Other key lawyers:Scott Colwell; Jocelyn Seitzman; Jennifer Engelhardt; Francesco Lione; James Burnett; Matthew Schneider; Fritz Ernemann

Testimonials

"I have not had a bad experience ever with the firm. It has creative and thorough partners who provide sound advice."

Key Clients

Credit Suisse

CVC Capital Partners

Deutsche Bank

EQT

Goldman Sachs

J.P. Morgan

Morgan Stanley

Owens-Illinois

Permira Advisers

PAI Partners

Work highlights

  • Advised Deutsche Bank, as Initial Purchaser’s counsel, on the $ 2.52bn new issuance by SoftBank Group.
  • Advised PAI Partners, as Issuer and Sponsor’s Counsel, on a $445m senior bond offering, alongside term loans and a revolving credit facility in connection with PAI Partners and British Columbia Investment Management Corporation's acquisition of Refresco Group.
  • Advised DXT Technology Company, as issuer’s counsel, on its €650m issuance of 1.75% Senior Notes due 2026.
  • Advised Morgan Stanley, as Initial Purchaser’s counsel, on Matalan’s issuance of £350,000,000 of 6.75% First Lien Secured Notes due 2023 and £130,000,000 of 9.5% Second Lien Secured Notes due 2024.
  • Advised BAML, as Initial Purchaser’s Counsel, on the bond offering by Algeco Scotsman, comprising €600,000,000 of 6.5% Senior Secured Fixed Rate Notes due 2023, $520,000,000 of 8% Senior Secured Fixed Rate Notes due 2023,  €150,000,000 Senior Secured Floating Rate Notes due 2023, and US$ 305,000,000 of 10% Senior Notes due 2023.
Leading individuals

Brett Cassidy - Latham & Watkins

Jennifer Engelhardt - Latham & Watkins

Jocelyn Seitzman - Latham & Watkins

Scott Colwell - Latham & Watkins

Next Generation Partners

Fritz Ernemann - Latham & Watkins

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Structured products and securitisation
Structured products and securitisation - ranked: tier 2

Latham & Watkins

The securitisation practice at Latham & Watkins climbs the ranking this year. It acts for a wide range of funds, private equity houses, banks, issuers and other financial institutions on sophisticated transactions in the London and European markets. It has significant expertise in asset-backed securities, public and private securitisations, cash and synthetic securitisations, and both European and US CLO transactions. Its partners also handle alternative finance, fintech, direct lending and SME loans in the structured market, as well as emerging and niche asset classes such as aircraft leases, auto loans, consumer loans, commercial loans, equipment leases, franchise receivables, insurance-related assets and many more. The derivatives group handles complex structured equity and structured credit transactions across the world. Sanjev Warna-Kula-Suriya is chair of the global structured finance and securitisation practice. Derivatives and capital markets partner Dean Naumowicz handles structured products and shari'ah-compliant derivatives, and frequently handles emerging markets transactions. The firm hired leading partner Jeremiah Wagner from Cadwalader, Wickersham & Taft LLP, along with several associates.

Practice head(s):Sanjev Warna-kula-suriya; Dean Naumowicz

Other key lawyers:Jeremiah Wagner; Shatha Ali; Jeremy Green; Thomas Cochran; Simeon Rudin;

Key Clients

Ares Management LLC

Aviva PLC

AXA Investment Managers

Bank of America Merrill Lynch

Black Diamond Capital Management LLC

BNP Paribas

Citibank Global Markets Inc.

Deutsche Bank

Fortress Investment Group

Goldman Sachs

JP Morgan

Magnetar Capital

Mizuho Securities Company Ltd

Natixis

Nordea Bank

Och-Ziff Capital Managemenet

SoftBank Group Corporation

NEX Group

UBS AG

Banque Saudi Fransi

Leading individuals

Jeremiah Wagner - Latham & Watkins

Sanjev Warna-kula-suriya - Latham & Watkins

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London: Human resources

Employment: employers
Employment: employers - ranked: tier 5

Latham & Watkins

Core areas of experience for Latham & Watkins include governance and regulatory issues, employment aspects of major M&A transactions and business transfers and contentious work. Stephen M Brown, who co-chairs the firm's global benefits, compensation and employment practice from the London office, has expertise in TUPE matters, executive recruitment and severance and change management and downsizing projects.

Practice head(s):Stephen Brown

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London: Investment fund formation and management

Private funds
Private funds - ranked: tier 4

Latham & Watkins

Latham & Watkins' investment funds practice group is highlighted by one client for its 'availability, competence and thoroughness'. The practice, led by Nick Benson, assists both fund managers and investors in fundraisings and fund-related transactions. The latter was an area of particular growth in the past year, with the firm advising on a number of LP joint investments and GP-led secondaries deals. Real estate fund formation instructions have increased, though private equity, private debt, venture capital and infrastructure remain core areas of focus. James McRory boasts in-house secondment experience at BC Partners, LaSalle and Actis.

Practice head(s):Nick Benson

Other key lawyers:James McRory

Testimonials

'The team is creative, available, competent, thorough and rigorous'.

'Latham is able to fully understand the client's need and proactively operate to satisfy them all'.

'Latham's fund practitioners are very knowledgeable of the industry in which they operate and are able to add value to any job that is given to them'.

Key Clients

AlbaCore Capital

Alkemi Venture Partners

Argan Capital Management

ASK Investment Managers

Assicurazioni Generali

Avendus Capital

Buran Venture Capital

Caisse de depot et placement du Quebec

Capvis Equity Partners

Carlyle Partners

Charterhouse Capital Partners

China Life Insurance Co.

Citic Capital Partners

ConsenSys AG

Cornerstone Corporate Finance

Faering Capital

The Fine Art Group

Go Ventures

Harwood Capital

LaSalle Investment Management

Nalanda Capital

New Mark Advisors LLP

Novo Holdings A/S

Partners Group

Peepul Capital

Pravega Venture Capital

Quadriga Capital

Raine Securities LLC

Rockaway Capital

Searchlight Capital Partners

Step Exchange Pty Ltd

StepStone

Tata Capital

Temasek Holdings

United Pacific Venture Capital Management

Work highlights

  • Advised LaSalle with respect to the formation of its fifth generation, closed-end, pan-Asian real estate fund: LaSalle Asia Opportunities V.
  • Advised Capvis on the final closing and initial co-investment of its fifth European buyout fund, Capvis V, which raised a total of €1.2bn in commitments, a significant increase on the predecessor's fund size of €750m.
  • Advised CDPQ with respect to its multi-billion joint venture arrangement with Generation Investment Management LLP, together with the terms of the joint venture’s initial portfolio acquisition of FNZ.
  • Advise Generali’s private equity investments team on the investment of its annual private equity allocation.
  • Advised Quadriga on the formation of a single investor fund to acquire two companies (Vescon and Schiller) and develop a buy-and-build platform.
Leading individuals

Nick Benson - Latham & Watkins

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 3

Latham & Watkins

With the arrival of high profile partners Conrad Andersen from Allen & Overy LLP in September 2018 and Brendan Moylan from Clifford Chance LLP in November 2018, Latham & Watkins' infrastructure practice has been able to hit the ground running. The team offers legal support to funds, direct investors, insurance companies, and pension plans investing in the infrastructure sector,  offering advice on  private equity, banking and project finance matters of transactions. The broad practice puts special emphasis on deals in the energy, utilities, transport, social infrastructure and technology sectors.

Practice head(s):Conrad Andersen; Brendan Moylan

Testimonials

'Latham & Watkins understands the sector and the needs of the business. The team has a wide breadth of knowledge in other sectors and looks to see if there is an advantageous applicability.'

Key Clients

IFM Investors

3i Infrastructure

Macquarie Infrastructure & Real Assets

Goldman Sachs Infrastructure Partners

Global Infrastructure Partners

Universities Superannuation Scheme

CPDQOMERS Infrastructure

Morgan Stanley Infrastructure Partners

CPPIB

Work highlights

  • Advised 3i Group on the €350m acquisition and refinancing of the waste treatment and disposal company Attero.
  • Acted for OMERS Infrastructure on its co-investment into VTG AG.
  • Advised CityFibre on its accordion, capex, and revolving credit facility.
  • Represented Global Infrastructure Partners in connection with its acquisition of Italo – Nuovo Trasporto Viaggiatori.
  • Advised First State Investments on the €800m acquisition and refinancing of Finerge.
Leading individuals

Brendan Moylan - Latham & Watkins

Conrad Andersen - Latham & Watkins

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Mining and minerals
Mining and minerals - ranked: tier 3

Latham & Watkins

The mining team at Latham & Watkins continues to handle significant mining and metals instructions, advising across a variety of practice areas. Recent highlights include advising on the TALEX aluminum project in Dubai and the Alba Line 6 expansion project in Bahrain. Led by Craig R Nethercott, the cross-departmental group covers the full life cycle of mining projects and acts for clients in the downstream, midstream and upstream sectors.

Practice head(s):Craig Nethercott

Key Clients

Rio Tinto Alcan Inc.

Norsk Hydro ASA

Aluminium Bahrain B.S.C.

Ma’aden

ArcelorMittal S.A.

Mubadala Development Company PJSC

Global Aluminium

Royal Hill Mining

EVRAZ plc

Work highlights

  • Oversaw the acquisition by Volcan Investments of Vedanta Resources, a UK-based global diversified metals and mining company, representing the independent directors of Vedanta Resources.
  • Advised SABIC Lenders on its $1bn issuance of 4% Guaranteed Notes due 2023; and $1bn issuance of 4.5% Guaranteed Notes due 2028.
  • Representing the Republic of Colombia in an ICSID arbitration against Eco Oro Minerals Corp, under Chapter 8 of the Canada-Colombia Free Trade Agreement.
  • Handled the acquisition by Norsk Hydro of Rio Tinto Iceland, an Iceland-based aluminium plant, of Aluminium & Chemie Rotterdam, a Netherlands-based chemical plant, and of Alufluor, a Sweden-based producer of aluminium fluoride.
  • Advised on a term loan facility forTaweelah Aluminium Extrusion Company, a UAE-based advanced aluminium extrusion plant, to refinance existing debt.

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Oil and gas
Oil and gas - ranked: tier 1

Latham & Watkins

The multi-disciplinary oil and gas team at Latham & Watkins advises a diverse mix of investors, ranging from private houses and NOCs to banks and oil majors, as well as governments and service providers. The team is particularly strong in the cross-border M&A space but covers the full gamut of matters, including dispute resolution, anti-bribery issues and sanctions. The London team is jointly led by corporate expert Simon Tysoe and Islamic finance and Middle East specialist Craig Nethercott. Kem Ihenacho heads the Africa practice and is also a name to note, along with John Balsdon. Chirag Sanghrajka was recently promoted to partner.

Practice head(s):Simon Tysoe; Craig Nethercott

Other key lawyers:John Balsdon; Kem Ihenacho; Sophie Lamb QC

Testimonials

'Latham and Watkins has a strong projects and energy and natural resources practice. The strength of the practice is due both to the experience (and involvement) of key partners as well as the knowledge and diligence of the associates.'

'JP Sweny is an excellent attorney who combines legal know-how with pragmatic advice.'

Key Clients

Anadarko Petroleum Corporation

The Carlyle Group

Chevron Corporation

ExxonMobil Corporation

NNPC

Shell

Aker BP

Seplat Petroleum Development Company Plc

Indian Oil Corporation Limited

Tullow Oil

Work highlights

  • Represented the borrowers and sponsors in the project financing for the development and construction of the Penco Lirquén LNG terminal connected to the regional gas transmission system and the Central El Campesino power plant, located in the Biobío region of Chile.
  • Acted for the sponsors (including ENH, the national oil and gas company) in respect of the financing of an integrated upstream and midstream gas and LNG project in Mozambique.
  • Acted as international co-counsel for Schlumberger, the world's largest oilfield services company, in its tripartite agreement with the Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production to develop the Anyala and Madu fields, offshore Nigeria.
  • Representing NNPC with respect to the financing of a 614km gas pipeline project development from Ajaokuta-Kaduna-Kano.
  • Representing Royal Dutch Shell Plc and The Shell Petroleum Development Company of Nigeria Ltd in two sets of group actions brought in the English High Court on behalf of thousands of residents of the Bille and Ogale communities in the Niger Delta.
Leading individuals

Simon Tysoe - Latham & Watkins

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Water
Leading individuals

Conrad Andersen - Latham & Watkins

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London: Real estate

Environment
Environment - ranked: tier 3

Latham & Watkins

Latham & Watkins advises on environmental transactions in the chemicals business and energy sectors, as well as assisting with the establishment of new energy plants. The practice also provides advice on carbon allowances and carbon trading, while other areas of expertise include the provision of regulatory advice relating to Brexit. Practice head Paul Davies has ‚Äėan excellent mind‚Äô and is assisting Chinese environmental regulators with the development of new environmental laws.

Practice head(s):Paul Davies

Testimonials

Forward-looking and highly international

The firm is excellent in developing new areas of law and expertise

A superb and thorough team

Key Clients

SABIC UK Petrochemicals

Lhoist

The Carlyle Group

Platinum Equity

LXB Retail Properties

Onex Corporation

Energy Capital Partners

TechnipFMC

Royal Dutch Shell

Bain Capital

Work highlights

  • Advising The Carlyle Group on the analysis of several environment liability regimes in Europe
  • Advising Bain Capital Private Equity on the environmental aspects of its agreement to acquire Italmatch Chemicals
  • Advised Israel Chemicals on the environmental aspects of the $1bn sale of the client’s fire safety and oil additives business unit to SK Capital Partners
  • Advised Energy Capital Partners and Triton Power on closing debt financing with Investec Bank in relation to the combined cycle gas turbine at the Saltend Chemicals Park in Hull
Leading individuals

Paul Davies - Latham & Watkins

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Property finance
Property finance - ranked: tier 5

Latham & Watkins

Latham & Watkins specialises in complex, cross-border work, including commercial mortgage transactions, large loan portfolio acquisitions, and debt-on-debt and loan-on-loan transactions. The team's diverse client base includes investment banks, specialist real estate lenders, financing syndicates, real estate investment trusts, funds and investors. Jeremy Trinder, whose expertise covers commercial mortgage loans, CMBS and RMBS, leads the team. Quentin Gwyer regularly advises on debt-on-debt transactions, intercreditor arrangements, and the restructuring of real estate loans.

Practice head(s):Jeremy Trinder

Other key lawyers:Quentin Gwyer

Testimonials

'Latham & Watkins has a strong global practice with an excellent network to tap into for cross-border deals along with an impressive precedent bank to access. The team is very commercial. Given they have a relatively evenly balanced lender/borrower-side practice, they can provide a good steer on sticky issues without being dogmatic.'

'Jeremy Trinder is a great problem solver and has great commercial instincts. He provides a high level of partner contact while ensuring the bills are well managed, reasonable and there are no surprises when the final number comes in.'

'The team is very commercial, understands clients' needs and gets the job done. They protect our interests without antagonising the other side and have the most "can do" attitude I have come across.'

'Jeremy Trinder is commercial, unassuming and has a natural talent for distilling complex issues into a client-friendly format.'

'The team is very approachable and easy to work with. They are experts but with a pragmatic view of the world. Particular strengths include a fantastic loan-on-loan practice; strong relationships with real estate funds, both debt and equity; and mezzanine and development loan-on-loan and mezzanine finance.'

'Jeremy Trinder heads the group and is top class. He remains involved and brings his intellect and experience directly to bear when needed. He is very organised, efficient and reliable.'

'The team is very knowledgeable in all aspects of commercial properties, very thorough and detailed, and very efficient.'

'The team has outstanding knowledge, is organised, explains things very well, and is diligent and very good to work with.'

'Latham & Watkins has in-depth expertise of real estate debt and commercial understanding.'

Key Clients

Bank of Ireland

BAWAG PSK

BNP Paribas

Commerzbank AG

Goldman Sachs

Partners Group

Platinum

Onex Corporation

CBRE Loan Servicing Limited

Situs Asset Management

WCM Beteiligungs- und Grundbesitz- AG

Ashkenazy Acquisition Corporation

Work highlights

  • Advising a North American bank and a European bank on the acquisition of a loan secured against a portfolio of railway arches.
  • Advising a European bank in connection with a loan to acquire a portfolio of NPLs secured over real estate and real estate-owned (REO) properties.

  • Advising a European bank on a new tranche to an existing loan-on-loan facility agreement to an investment company, secured on a multi-property, mixed-use portfolio located in Ireland and the UK.
  • Advising a European bank on new tranches to an existing loan-on-loan facility agreement provided to an investment company, secured on a multi-property, mixed-use portfolio located in Ireland, the UK, Spain and France.
  • Advising a client as lender and security agent on a term loan facility agreement for the refinancing of a German industrial property.

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London: Risk advisory

Data protection, privacy and cybersecurity
Data protection, privacy and cybersecurity - ranked: tier 2

Latham & Watkins

With a traditional focus on non-contentious data protection work, the group at Latham & Watkins has notably expanded its contentious and regulatory investigations expertise through the experience of litigator Ian Felstead. In a notable highlight, the practice advised Facebook, a new client for the group, on its response to a late-2018 data breach including handling the regulatory investigation and defending it against related litigation. Department head Gail Crawford is also global co-chair of the firm’s technology transactions group; she recently led advice to the BT Pension Scheme, the UK’s largest corporate defined benefit pension scheme, on its GDPR compliance programme and local UK data protection law. Ernst & Young, Majestic and William Hill are also noteworthy clients. Fiona Maclean was recently promoted to the partnership; she has substantial expertise in outsourcing issues, technology transformation projects and cloud computing mandates.

Practice head(s):Gail Crawford

Other key lawyers:Ian Felsetad; Fiona Maclean

Testimonials

'The team is always available. It has a good understanding of its client's business and approach and accommodates that in its service. However, it does have strong conviction when providing advice. It works incredibly hard and offers a gold-plated service, and also follows up and provides a high level of documentation and response.'

'Gail Crawford has good oversight yet allows the team to develop the client relationship. Danielle van der Merwe is proactive and up to date with guidance and approach. Mihail Krepchev is always helpful and has good knowledge. The team provides a top-notch service, is almost always available on short notice and work around schedules well. It comes prepared and will provide positive challenges to ideas backed with good logic. It is involved and works in partnership on major issues that have arisen. Very reliable and dependable.'

'The group has a strong understanding of the global data protection landscape aligned with a pragmatic and reasonable position on compliance guidance.'

'Gail Crawford is outstanding in her ability to understand the problem, assess risk and provide appropriate guidance. She always makes herself available and has an unrivalled command of the data-protection landscape.'

Key Clients

Facebook, Inc.

BT Pension Scheme

The Endurance International Group, Inc.

Ernst & Young

Majestic, Plc.

Farfetch Ltd.

William Hill plc.

Work highlights

  • Acting as lead global counsel for Facebook following a data breach in September 2018. The team is handling the investigation and regulatory submissions, and the defence of litigation.
  • Advising BT Pensions Scheme on its national compliance programme encompassing GDPR and local UK data protection law.
  • Assisting The Endurance International Group with its GDPR compliance across its entire business including domain hosting and design, and email marketing products and services.
  • Assisting Majestic with multiple data protection issues including marketing, data subject access requests and intragroup documentation.
  • Advising a global entertainment company on data protection issues relating to a joint venture.
Leading individuals

Gail Crawford - Latham & Watkins

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Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 3

Latham & Watkins

Latham & Watkins advises on bet-the-company government investigations, multi-jurisdictional cases, and matters involving the Bribery Act in the UK and the Foreign Corrupt Practices Act and Office of Foreign Assets Control in the US. Its global footprint means it regularly advises clients opposite UK regulators such as the Serious Fraud Office and the DoJ and SEC in the US. Clients include banks, asset managers, financial institutions, high-net-worth individuals and FTSE 250 companies. Co-head of team Stuart Alford QC is experienced in high-profile investigations and prosecutions. Nathan Seltzer, who heads the team alongside him and is vice-chair of the firm’s white collar practice group, relocated to the London office from Washington DC, and focuses on cross-border internal investigations, and civil and criminal government investigations. Jon Holland and Andrea Monks both joined as partners from Hogan Lovells International LLP , adding further bench strength to the practice.

Practice head(s):Stuart Alford QC; Nathan Seltzer

Other key lawyers:Jon Holland; Andrea Monks; Charles Claypoole;

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London: TMT (technology, media and telecoms)

Fintech
Fintech - ranked: tier 2

Latham & Watkins

Latham & Watkins's fintech group advises financial institutions, investors, emerging companies and technology and internet companies on projects relating to blockchain, cryptocurrency, tokenisation of assets, payments, cloud computing, AI, cyber security, digital banking and technology, as well as conventional corporate transactions. Andrew Moyle (global co-chair of the fintech practice) advises traditional financial institutions and new tech companies on payments and transfers, insurtech developments and virtual currencies. Senior associate Stuart Davis specialises in advising clients on the domestic and cross-border regulatory aspects of fintech initiatives, often in relation to the use of blockchain and in structuring ICOs. Davis and Moyle were recently appointed by the World Economic Forum to advise on a range of strategic initiatives, including a blockchain project for which they have produced several whitepapers. In another major instruction, the team was retained by Nivaura to provide advice on the legal and regulatory aspects of the development of a platform for creating, clearing and settling tokenised equity using blockchain technology. The group hired five new lawyers in 2018-2019, including associate Sam Maxson, who has expertise in cryptoassets and the 'tokenisation' of financial markets.

Practice head(s):Andrew Moyle

Other key lawyers:Stuart Davis; Sam Maxson

Testimonials

"The capital markets legal and regulatory expertise is unparalleled. Andrew Moyle, Stuart Davis, Sam Maxson and the London team have been instrumental in some of the groundbreaking work we've done in automated securities issuances, particularly around creating automated documentation for equities, and with a lot of the in-depth regulatory analysis on how to vertically integrate with CSDs for automated primary issuance."

"This team has deep experience in digital assets and capital markets and is able to go into significant detail on the content, structure, and implementations of digital asset markets and products. Additionally, the team is able to interpret digital asset market implications for different jurisdictions and regulations." 

"Stuart Davis in particular is able and eager to understand new digital asset products and markets, and identify the industry initiatives and regulations that are most relevant. He also takes initiative, participating in industry working groups and advocacy bodies, and providing input on the best direction for various market participants."

"Stuart Davis was able draw on the full scope of Latham & Watkin's expertise across lending, fintech and fund management. In addition the firm had the connections with specialist solicitor firms in other jurisdictions that we required."

"Stuart Davis has the rare combination of understanding the commercial needs for a proposition to work, being able to negotiate highly competently on our behalf with key stakeholders and possessing the deep legal knowledge expected of a top tier lawyer."

"In comparison to other firms Latham & Watkins shows significant knowledge in the payment industry."

Key Clients

Nivaura

Refinitiv

Tencent

Transferwise

Consensys

Symphony

Caisse de dépôt et placement du Québec

GVE Ltd

StepEx

Circle

Agora

180 Digital Assets

Morgan Stanley

Work highlights

  • Act as legal advisor to ConsenSys on some of its most important global initiatives. ConsenSys AG is a leading developer of, and investor in, blockchain solutions globally, founded by Joe Lubin, one of the co-founders of the Ethereum blockchain network.
  • Involved in one of the world’s largest fintech transactions of 2018, wherein Caisse de dépôt et placement du Québec and Generation Investment Management acquired majority control of FNZ.
  • Advised Non-Zero on its successful initial coin offering.
  • Acting as legal advisers to Tencent.
  • Advised GVE on its successful initial coin offering and the launch of the Excor platform and EXC tokens
Next Generation Partners

Stuart Davis - Latham & Watkins

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IT and telecoms
IT and telecoms - ranked: tier 3

Latham & Watkins

Latham & Watkins' technology transactions team has the ability to handle a range of multi-jurisdictional transactions across the technology sector, with particular expertise acting for financial services clients and advising on cloud-related matters. The team is jointly led by Andrew Moyle, who focuses on the fintech space, and commercial technology and data privacy specialist Gail Crawford. Recently promoted partners Fiona Maclean and Christian McDermott are other key names in the group; Maclean has data privacy regulatory expertise, which she deploys in a range of commercial and outsourcing transactions, while McDermott has experience in payment solutions matters.

Practice head(s):Andrew Moyle; Gail Crawford

Other key lawyers:Fiona Maclean; Christian McDermott

Key Clients

Credit Suisse Equity Derivatives

OpenX

Zimmer Biomet Pte Ltd

Caisse de Dépôt et Placement du Québec

Lumendi Ltd. (UK)

Transferwise

Nivaura

Work highlights

  • Acted for Credit Suisse on its investment and collaborative venture with Privé, a fintech provider, to develop a multi-jurisdictional wealth management platform.
  • Acting for OpenX, a programmatic advertising technology company, on its outsourcing collaboration with Google Cloud Platform.
  • Advising leading medical device company, Zimmer Biomet, on the renegotiation of its global outsourcing agreement with Genpact.
  • Assisting Caisse de Dépôt et Placement du Québec with a significant outsourcing deal.
  • Assisted money transfer start-up, TransferWise , with designing and building a contracting structure for use in it’s business-to-business offering.
Leading individuals: IT

Andrew Moyle - Latham & Watkins

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Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 2

Latham & Watkins

Latham & Watkins is 'extremely knowledgeable across a broad range of entertainment law fields' and it receives plaudits for its experience in film and TV corporate and finance work. The team is adept at handling content production, is active on a number of high-profile development deals and handles a raft of large projects in the film and TV industry. Its cross-border capabilities are also praised by clients; the London team often works closely with colleagues overseas to advise on complex, multi-jurisdictional mandates. The firm is also able to provide tax, competition and employment work for its global media sector clients, and it offers litigation and dispute resolution advice in relation to commercial, media, technology and regulatory matters. Team head Lisbeth Savill is 'incredibly knowledgeable about media and entertainment finance matters, is a delight to work with and is exactly the person you want in a difficult situation'. Savill led advice in London for Anonymous Content on the establishment of a joint venture with two UK talent agencies (United Agents and Casarotto). Counsel Clare Hardwick is a 'tough negotiator but knows how to get a deal done'.

Practice head(s):Lisbeth Savill

Other key lawyers:Ian Felstead; Clare Hardwick; Rachael Astin

Testimonials

The team is extremely well connected, very experienced and highly capable.

Lisbeth Savill is smart, practical, knowledgeable, well-connected, experienced and thorough.

The team is not just a source of legal advice but is a source of practical business advice across all sectors of the entertainment industry.

The team remains motivated, knowledgeable and committed throughout longstanding and laborious legal processes, crossing several international jurisdictions.

As part of the service, they team remains available 24/7 and it meets strict deadlines in a quick and efficient manner.

Helena Potts and Stewart Robinson's scope of knowledge is insightful and their ability to lever the firm's network of lawyers across Europe helps to mitigate potential issues quickly, with the relevant expertise.

The team is highly experienced, with deep industry knowledge.

Lisbeth Savill's calm, professional and elegant demeanour plays a substantial role in keeping everyone focused on the task at hand.

Stewart Robinson does a phenomenal job in tracking every single detail.

The team is extremely attentive to each and every issue that needs to be figured out, strategized, organized, implemented and responded to.

The team is extremely fast and deeply thorough with everything it does.

Key Clients

Facebook

Netflix

MGM

ITV plc

Blumhouse Productions

beIN Media/Miramax

Anonymous Content, LLC

Pinewood Studios

The Ink Factory Limited

A24

Work highlights

  • Advised the General Sports Authority of the Kingdom of Saudi Arabia on the hosting of the new WWE event 'The Greatest Royal Rumble'.
  • The team advised Pinewood Studios in connection with the issuance by Pinewood, a leading independent provider of the real estate required for the production of film and television content, that consisted of £250m in aggregate principal amount of on its 3¾% Senior Secured Notes due 2023, entering into a new super senior revolving credit facility and new intercreditor agreement.
  • The team represents ITV in relation to long-running litigation regarding the television programme format, The Alphabet Game.
  • Advises Facebook on its acquisition of sports rights worldwide and related matters
  • Advised Raine Capital in connection with the structuring, incorporation and capitalisation of a day-one start-up company to acquire and optimise children’s digital content, Moonbug Entertainment.
Leading individuals

Lisbeth Savill (Media Finance) - Latham & Watkins

Rising stars

Clare Hardwick (Film and TV) - Latham & Watkins

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 4

Latham & Watkins

Latham & Watkins serves life sciences companies ranging from big pharma to small bio-techs and also counts funds investing in the sector among its clients. It also offers the advantage of a global network. It is largely focused on transactional work and corporate partner Robbie McLaren handles areas such as cross-border acquisitions, and capital raisings. Fellow co-head Gail E Crawford handles cases on the tech side and includes all aspects of data privacy as a specialism. Edward Barnett deals with M&A transactions, commercial and governance matters and includes GlaxoSmithKline as a client. Frances Stocks Allen and Emily Cridland are noted associates in the team.

Practice head(s):Gail Crawford; Robbie McLaren

Other key lawyers:Edward Barnett; Frances Stocks Allen; Emily Cridland

Testimonials

'There is a uniformity in quality of service regardless of which lawyer is assigned to the task. They have a breadth of expertise across geographies and specific areas of M&A law.'

'Edward Barnett makes himself available to provide the strong voice of authority during crucial periods of the negotiation.'

'Frances Stocks Allen and Emily Cridland are both relatively young but come across as very seasoned in front of counterparties. Very responsive, hardworking, and just all-round pleasant people to work with.'

 

Key Clients

Abcam

Allergan

Amgen

Astellas Pharma

GlaxoSmithKline

Norgine

Novartis

Novo Holdings

Pharmathen

SiemensHealthineers

SOBI

Theramex

Zogenix

Work highlights

  • Representation of JP Morgan as financial advisor and lead financial arranger to Takeda Pharmaceuticals in connection with the acquisition by Takeda Pharmaceutical Company of Shire, the Ireland-based biopharmaceutical company.
  • Representation of GHX Europe GmbH, a subsidiary of Global Healthcare Exchange, in connection with its acquisition of the core business of Medical Columbus, a Germany-based developer of healthcare procurement software.
  • Representation of Theramex, a global specialty pharmaceutical company dedicated to women’s healthcare, in connection with the acquisition of the international women’s healthcare assets of Teva Pharmaceutical Industries Ltd. A deal valued at  $703m.
  • Advising Siemens AG on the IPO of its Healthineers unit on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange, a matter valued at €4.2bn.
  • Advised MeiraGTx Holdings plc, the holding company for a clinical stage gene therapy company, in connection with its IPO on the NASDAQ.

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