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Mannheimer Swartling has assisted Gjensidige Forsikring in connection with its acquisition of Länsförsäkringar International from Länsförsäkringar. Länsförsäkringar International provides casco and property insurance in Latvia and Lithuania. Gjensidige is market leading in property insurance in Norway. The company had approximately NOK 17 billion in premium revenue in 2008.
Mannheimer Swartling has assisted Cegedim S.A. in connection with its acquisition of the Nomi Group from Bisnode AB. The Nomi Group provides different data bases and CRM-tools to the Nordic pharmaceutical industry.
Mannheimer Swartling has advised COWI A/S in its acquisition of the business of Flygfältsbyrån AB (through an acquisition of FB Engineering AB, FB Management AB and AEC Investment AB and their subsidiaries). The target companies are engaged in, inter alia, the business of providing technical consultancy and project management services and services within virtual product development and digital visualization. Flygfältsbyrån AB, with headquarters in Gothenburg, has more than 60 years of experience in the business and approximately 760 employees.
Mannheimer Swartling has advised Stampen Media Partner AB in its acquisition of a majority position in the Mobiento group. Mobiento is the market leader in the Nordic mobile marketing business.
Hugo Rosa Ferreira, a lawyer specialising in banking and financial institutions, has just joined PLMJ’s banking and finance team, which is coordinated by partner Jorge de Brito Pereira.
Mannheimer Swartling has advised the Sixth Swedish National Pension Fund (Sixth AP Fund) in the conversion of their shareholding in the R&D company Solibro AB for shares in Q-Cells SE, a German company listed on the Frankfurt Stock Exchange. The Sixth AP Fund becomes the third largest shareholder in Q-Cells as a result of this transaction, which values the Sixth AP Fund's shareholding at approximately SEK 600 million.
Mannheimer Swartling is advising General Motors on the restructuring of its European operations, including i.a. the pooling of the Opel/Vauxhall assets under Adam Opel GmbH and the reorganization of Saab Automobile AB. Saab Automobile filed for a reorganization under Swedish Law in February 2009 and on June 17 the court in Vänersborg approved a 75 per cent writedown of Saab Automobile's more than SEK 10 billion of debt.
Nordea Bank Danmark A/S has been advised by Mannheimer Swartling in connection with the debt financing of SEK 460,000,000 of Synsam Service AB´s acquisition of Synsam optician stores throughout Sweden. The investors are Alipes AB and the selling store owners.
Mannheimer Swartling has advised Södra Timber in its acquisition of Rörvik Timber’s pressure treatment plant in Åstorp. The company currently has an annual production permit for 150,000 cubic metres of pressure-treated timber.
Vattenfall and the Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market. The technology will considerably lower the environmental impact from traffic.
Gamla Livförsäkringsaktiebolaget SEB Trygg Liv enters property management agreement with Aberdeen Property Investors AB
Shine Group has acquired Metronome Film & Television, the Nordic region’s largest and most pre-eminent production group, responsible for a string of hit programmes, for SEK 719 million
Mannheimer Swartling has advised Crawford & Company on corporate legal matters and transactions relating to a reorganisation and restructuring of its operations in Sweden, Norway and Denmark.
Mannheimer Swartling has advised Telenor Sweden in establishing a joint venture with Tele2 Sweden to build and operate a 4G network. Telenor and Tele2 will be equal partners in the joint venture, Net4Mobility. The agreement also comprises spectrum sharing in the 900MHz and 2600MHz frequency bands, creating superior conditions for a nationwide 4G network in Sweden
Mannheimer Swartling has assisted Securitas in the update of its 1,5 billion euro Euro Medium Term Note (EMTN) Programme listed on the Luxembourg Stock Exchange and in connection with its issue of a 4-year, 500 million euro bond in the Eurobond market. The arranging banks were BNP Paribas, Nordea Bank Danmark A/S and Royal Bank of Scotland plc.
Mannheimer Swartling has advised Sandvik in connection with a EUR 3,000,000,000 Euro Medium Term Note Programme that was listed for trade on the London Stock Exchange in February 2009. Mannheimer Swartling has also advised Sandvik AB in connection with the first issue under the Programme in late February 2009.
Mannheimer Swartling has been advising on rights issues this year totaling more than SEK 50 billion. The firm has represented issuers and investors from both the public and private sector.
Autoliv has been advised by Mannheimer Swartling on matters concerning Swedish securities law and the Swedish securities market in connection with its offerings of common stock and equity units totalling $350 million. Autoliv plans to offer approximately $200 million in the form of common stock and $150 million in the form of equity units in underwritten public offerings in the U.S.
Ericsson has been advised by Mannheimer Swartling in the sale of its TEMS-branded products business to Ascom. With the divestment of the TEMS-branded business, consisting of tools for air interface monitoring and radio network planning, Ericsson is refining its leading Professional Services portfolio to focus more purely on the services business. The purchase price is CHF 190 million, excluding net of assets and liabilities
Fastighets AB Förvaltaren has been assisted by Mannheimer Swartling in connection with the sale of seven properties with an aggregate value of SEK 713 million to tenant-owners' associations in the municipality of Sundbyberg. More divestments are scheduled to be finalized during the spring and summer.
Mannheimer Swartling has together with the US law firm Davis & Gilbert assisted the global communications group Omnicom Group Inc. (owner of Gavin Anderson) in the merger of the Kreab group and the Gavin Anderson group into Kreab Gavin Anderson, a worldwide specialist financial, corporate and public affairs communications firm. Mannheimer Swartling was primarily responsible for matters relating to Sweden, Norway, Denmark, Finland and Belgium.
Mannheimer Swartling has advised the Swedish National Debt Office in its sale of Carnegie Investment Bank AB and Max Matthiessen Holding AB to Altor and Bure Equity AB.
Swedish Match AB (publ) has been advised by Mannheimer Swartling in its new global joint venture with NYSE-listed Philip Morris International.
Ratos AB (publ) has been advised by Mannheimer Swartling in connection with an agreement to acquire up to an additional 48 % of the shares in its associate DIAB Group AB. The seller, 3i Holdings plc, is divesting its entire holding of 48 % of the shares in DIAB to Ratos and the company’s minority owners. Depending on the size of the offering subscribed by minority owners, Ratos’s holding in DIAB will amount to a total of between 91 and 96 % of the shares. The transaction value is appr. 400 MSEK.
The Stockholm Public Transport Authority (Sw. Stockholms Lokaltrafik, “SL”) has been advised by Mannheimer Swartling in connection with the outsourcing/procurement of the Stockholm metro operations. SL’s board decided on 20 January to award the contract to the Hong Kong-based MTR Corporation. The estimated contract value is SEK 35 billion and includes, in addition to metro operations, rolling stock maintenance, station services, cleaning and snow removal.
G & L Beijer AB has been advised by Mannheimer Swartling in connection with the acquisition of Carrier Corporation’s refrigeration wholesale distribution operations in Europe and South Africa (“Carrier ARW”). The value of the transaction is approximately SEK 1,1 billion.
Hassans international law firm is once again delighted to be ranked No 1 in the independent directory, Chambers Global 2010. Its stand-alone position further strengthens the firms’ reputation, expertise and quality of service to clients.
Students from Elizabeth College will be getting the low down on careers in law, tax and accountancy, banking and investment, architecture, medical services and engineering from leading Guernsey professionals.
Guernsey yacht White Rabbit, skippered by Laurie Watson, made the best of difficult conditions to win the 47th Inter Island Yacht Race, sponsored by Carey Olsen, finishing the race in a time of four hours and 29 minutes.
Perrins Solicitors LLP, the Hertfordshire based law firm specialising in Social Housing, has continued to boost its capability with the arrival of two new solicitors, Richard Sharpe and Nicholas Pickersgill.
On 28 Februar 2010, Merck KGaA, a global pharmaceutical and chemical company, and Millipore Corporation, a leading life science company based in Massachusetts/USA, announced that they have entered into a definitive agreement under which Merck will acquire all outstanding shares of common stock of Millipore.
The recent Alhamrani litigation in Jersey, which began in 2003, and in which Carey Olsen represented one of the trustee defendants, produced a series of judgments on a variety of topics ranging from the role of a protector to the way in which trust company directors can become liable for the company’s breach of trust.
OPERATIC sensation, Katherine Jenkins will be helping to kick off Guernsey’s 65th Liberation Anniversary at a concert at Beau Sejour on Saturday 1st May.
Two lawyers from Carey Olsen took part in the Guernsey Velo Club’s ‘80 for Haiti’ fund raising event which saw close on 100 local riders completing either an 80 mile or an 80 kilometre course in Guernsey on Sunday 21st February to raise money to help those affected by the earthquake in the Caribbean.
MANAGING employee health, safety and stress was the hot topic at the latest Carey Olsen breakfast seminar.
The UK Border Agency has announced proposed fee changes for immigration and nationality applications for 2010/11 that are set at levels above the administrative costs of the service. The negative regulations that specify the fees set at or below the administrative costs of the service will be laid in Parliament on 10 February 2010.
Carey Olsen advocate Mark Dunster has contributed to a key chapter in an international guide to money laundering law, demonstrating Guernsey’s expertise in this field to a global readership.
Paris, le 25 février 2010. Le cabinet Sarrau Thomas Couderc a conseillé la holding Sofilab dans la cession de sa filiale Suturex & Renodex, spécialisée dans les aiguilles de haute qualité destinées à l’industrie médicale et chirurgicale, au groupe B Braun.
Peter C Montegriffo and James Lasry, both partners at Hassans International Law firm were amongst many speakers at the Annual Family Office and Wealth Management Conference hosted in Tel Aviv, Israel this week.
Chiomenti announces its exclusive association - subject to approval from the Law Society of Hong Kong - with CdB and JC & Co, a Hong Kong firm of the partners Claudio de Bedin, Dominic Lee and Jason Carmichael. CdB and JC & Co and Chiomenti plan to subsequently merge, according to the Law Society of Hong Kong requirements.
Harneys has again been named the only exclusively top tier law firm in the British Virgin Islands and its practices in the Cayman Islands and Cyprus have received positive reviews in the 2010 Chambers and Partners Global Guide.
The United States’ Bankruptcy Court for the District of Delaware has recognised the liquidation of a Cayman company, Saad Investments Finance Company (No5) Limited (“SIFCO5”) (an SPV established to operate as an investment company), as a “foreign main proceeding” under Chapter 15 of the United States’ Bankruptcy Code.
Advocate Rachel Eeles has joined AFR Advocates as a family and criminal lawyer. Rachel will work alongside Partner, Sara Mallett.
Jersey Foundation structures have received a steady flow of interest in the six months since they were introduced and their appeal is expected to grow during the coming year, according to an offshore legal expert.
Hassans International Law firm hosted the second in their series of tax seminars aimed at local financial services companies. James Lasry, partner and Head of the Funds Team at Hassans and Peter Young, Associate in the Funds Team were the speakers at the event, discussing taxation issues for collective investment schemes established in Gibraltar.
Gernandt & Danielsson assists Pernod Ricard when Altia acquires wine and spirits portfolio from Pernod Ricard. Pernod Ricard sells a portfolio of wine brands such as Blossa glögg and Chill Out and well know classical Swedish and Danish spirits brands such as O.P. Anderson, Skåne Akvavit, Svenska Nubbar and Explorer to the Finnish wine and spirits group Altia. Altia is state owned. Through the transaction, Altia will acquire the brands as well as production and logistics centers in Sweden and Denmark for a consideration of SEK 835 million.
Mr. Oleh Malskyy, head of AstapovLawyers M&A and corporate practice, together with its team and international structuring partner Ms. Oksana Kneychuk has advised leading national waste management company GreenCo on international restructuring and sale transaction.
International steel and technology leader ThyssenKrupp has engaged AstapovLawyers for a number of legal matters relating to its activities in Ukraine.
Mr. Oleh Malskyy, head of AstapovLawyers' M&A and corporate practice, together with its team has provided complex advice to Avery Denisson on debt recovery in Ukraine.
Credit for businesses: a new association to help borrowers. Chaired by Caroline Porcher Marquis, Finance partner, the goal of this professional association is to bring together players of the business credit market: banks and financial institutions, borrowing companies and consultants.