Posts

UK’s approach to protecting and enforcing design rights

Global Head of IP David Stone speaks to Lexology Learn and discusses why protecting and enforcing design rights in the UK is becoming a lot more attractive, as well as new measures being introduced by the Intellectual Property Enterprise Court. He also looks at where there is room for improvement in the English courts.

Global trends in private M&A 2020

We have recently produced a client presentation on global trends in private M&A. Our findings draw on an in-depth analysis of more than 1,250 private M&A deals that A&O has advised on globally over the last eight years, looking at deal dynamics, execution risks and deal terms. This has given us exceptional insight into global and regional trends in market practice.

Global trends in private MA graphic

Key themes for 2019 include:

  • Megadeals and strategic domestic transactions dominate
  • Auction activity and competition starting to cool
  • Private equity waiting for price expectations to align
  • Regulatory landscape and economic uncertainty influence deal terms
  • W&I insurance gains traction outside of private equity exits
  • Shift in dynamics as buyers reclaim some lost ground
  • Marked differences in developed, emerging and frontier market M&A

Please speak to your usual Allen & Overy contact if you would like to schedule a briefing on these trends.

A&O opens new Legal Services Centre in Johannesburg

Allen & Overy has announced that a new Legal Services Centre (LSC) will open in Johannesburg in the first half of 2020 as part of its expansion plans

Johannesburg city skyline

The LSC, launched in 2012, has quickly built a reputation for cost-effectively and efficiently resourcing transactions while guaranteeing the standard that clients expect from A&O. The team – comprising legal professionals, associate solicitors and science analysts – works alongside offices across the A&O network on a wide range of document-based matters, including due diligence, litigation reviews, drafting, negotiating and research tasks. The focus is on quality, supported by project management and legal technology. The LSC is part of Allen & Overy’s broader Advanced Delivery and Solutions (AD&S) offering, which includes Fuse, A&O Consulting, Peerpoint and A&O’s legal tech solutions.

Angela Clist, Head of LSC, said: “Johannesburg makes an ideal location for our new centre as it has a strong base of legal experts. Our Johannesburg office has been open for five years now, and we look forward to growing the LSC alongside the current team.

“All the work performed in the new centre will serve our clients directly as well as even more practice groups and offices across our global network. Having worked with over 450 partners across the firm and with a wide range of teams from banking regulation to US capital markets, the experience within the LSC is unrivalled.”

Andrew Trahair, Head of Advanced Delivery & Solutions, added: “This is an important step forward for our AD&S businesses. The LSC is an essential resource for A&O as we take on more larger and more complex projects for our clients. The team will support both our traditional practice groups and our AD&S businesses, for example the Markets Innovation Group and A&O Consulting.”

For further information, please contact Rajiv Pattni, Rajiv.Pattni@allenovery.com, on +44 (0)20 3088 1237.

Multiple wins for A&O at Global Transport Finance Awards

Allen & Overy took home the headline award, Transportation Law Firm of the Year at the recent Global Transport Finance awards which recognises the leaders in aviation, shipping and rail finance and the most innovative and complex deals in the market.

Global Head of Structured & Asset Finance, Mario Jacovides comments: “We are very proud to be the winner of this year’s Transportation Law Firm of the Year award which recognises the market leading, complex and innovative deals that we have worked on throughout the year across the whole of the transportation sector. This accolade is a further testament to the global expertise we have in aviation, shipping and rail, which allows us to meet our clients’ needs.”

The team also picked up six individual deal awards. They included:

Aviation Portfolio Deal of the Year – advising the secured parties on a USD700m facility relating to the financing and refinancing of a portfolio of 19 aircraft for CDB Aviation;

JOLCO Financing Deal of the Year, Latin America – advising UKEF and ING on the JOLCO financing of a Boeing 787 aircraft which was the first UKEF-supported JOLCO financing to a Latin American carrier;

Cruise Ship Deal of the Year – advising SACE and a syndicate of lenders (BNP, Unicredit) on the pre- and post-delivery financing of two new Fincantieri-built LNG powered cruise ships for TUI Cruises GmbH which are the largest ships ever to have been built in Italy;

Shipping Portfolio Sale of the Year – advising Oak Hill and Värde on the acquisition and USD1bn financing of the Project Lioness portfolio of shipping loans from Deutsche Bank;

JOLCO Deal of the Year, Middle East – advising Investec Bank as junior lender and BNP Paribas and DekaBank as senior lenders on the JOLCO financing of one new Boeing 787-9 aircraft for El Al Israel Airlines which was the first JOLCO financing in Israel and for El Al Israel Airlines;

Tax Lease Deal of the Year – advising the AFIC insurer group on the French Tax Lease financing of a Boeing 787-9 and Boeing 737 aircraft for Royal Air Maroc.

For further information, please contact Susanna Robinson, susanna.robinson@allenovery.com​, on +44 (0)20 3088 3918