Allen & Overy News
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The Bank of England will reveal how much capital U.K. banks need in the first public test of its credibility and transparency since it took back the role of financial regulator.
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Centrica Plc, the U.K.’s largest energy supplier, agreed to buy a 25 percent stake in Cuadrilla Resources Ltd.’s shale gas licenses in northwest England.
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Jones Walker opened a Cincinnati office with a team of four lawyers from Peck Shaffer & Williams LLP.
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Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
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Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
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Norton Rose Fulbright LLP, the transatlantic combination of London-based law firm Norton Rose LLP and U.S. law firm Fulbright & Jaworski LLP was completed yesterday as the firm announced its leadership.
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Stemcor Holdings Ltd. is asking lenders for more time to repay a $850 million loan as adviser Goldman Sachs Group Inc. prepares to market the company’s Indian assets for sale, according to two people with knowledge of the matter.
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Stemcor Holdings Ltd., a London-based steel trader renegotiating more than $1 billion of debt, hired Simon Freakley as chief restructuring officer, according to four people with knowledge of the matter.
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Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
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Bankers who make more than their bosses could be ensnared by European Union bonus curbs even if their total pay is less than 500,000 euros ($644,000), under proposals from the bloc’s top regulator of the industry.
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