2005 News Releases

USE THIS TEMPLATE!!

LG has advised investors Blenheim Property Group Limited ("Blenheim Property") – headed by entrepreneur Igal Ahouvi – on the finance side of the £382million sale and management-back of 15 hotels from the Hilton Group to The Managed Hotels Unit Trust ("MHUT"), a Jersey-based unit trust set up by Blenheim Property. Royal Bank of Scotland provided financing for the deal.

2 December 2005


Merrill Lynch launches £75 million investment trust to invest in mining and energy sector

LG has advised newly incorporated investment trust Merrill Lynch Commodities Income Investment Trust plc on its Placing and Offer for Subscription which raised £75 million. Trading in the Company's shares commenced on the Official List today,

13 December 2005


LG advises on £382 million Hilton hotel purchase

LG has advised investors Blenheim Property Group Limited – headed by entrepreneur Igal Ahouvi – on the finance side of the £382million sale and management-back of 15 hotels from the Hilton Group to The Managed Hotels Unit Trust, a Jersey-based unit trust set up by Blenheim Property. Royal Bank of Scotland provided financing for the deal.

5 December 2005


Gadget Shop administrators appoint Lawrence Graham

Accountants PKF take on administration of 65 retail stores. London-based law firm Lawrence Graham LLP is advising accountants PKF, administrators for The Gadget Shop. The high street retailer, with a chain of 65 UK stores, went into administration on Monday 14 March.

2 December 2005


LG helps growth companies raise £1 billion through Aim

LG is advising Wogen Plc, a London-based independent, international metal trading business whose activities are focused on specialty metals and minerals, on its placing and admission to AIM. The placing comprises 16,393,443 shares which are being sold by existing shareholders at price of 122p per share to raise £20 million, giving the Company an initial market capitalisation of £54.8 million. Trading in Wogen's shares begins today.

31 October 2005


LG advises on £180 million waste facility

LG has advised Grundon Waste Management – half of joint venture Lakeside Energy from Waste Ltd and the UK's largest privately owned waste management company – on its £180 million project to develop an energy from waste facility at Colnbrook, near Slough, which has successfully reached financial close.

20 October 2005


Clipper sails onto FTSE Aim 50

US company rolls out new windpower technology through £180 million flotation The Clipper Group is being advised by London-based corporate law firm LG on its placing and admission to AIM. Unconditional trading in Clipper's shares began today, 15 September 2005, and it has an initial market capitalisation of £180 million taking it straight into the new FTSE AIM 50 index.

14 September 2005


LG advises Ruffer on £75m C share issue

LG has advised Ruffer Investment Company Limited on its proposed £75 million fundraising, by way of a placing and offer for subscription by UBS of up to 75 million C shares at 100p per share. Trading in the C shares is expected to commence on 29 September 2005.

9 September 2005


LG advises Globe Pub Company Limited on pub portfolio acquisition from Heritage Group

LG, the London-based law firm, advised the Globe Pub Company Limited, an R20 company (the investment company of Robert Tchenguiz), on its recent purchase of the Heritage Group and its portfolio of 231 tenanted pubs.

11 August 2005


LG advises Knightsbridge Petroleum (UK) Limited on Us$460m sale of Latin American Oil Assets

LG has advised Knightsbridge Petroleum (UK) Limited, the independent oil and gas company, on the US$460m sale of its Venezuelan and Colombian oil production and exploration assets to French-listed oil company, Etablissements Maurel & Prom. The existing management team of Knightsbridge will continue to provide management and support services to the various entities that have been sold.

11 August 2005


LG helps Jiangxi Copper Raise Hk$880m

China's largest producer of copper places 231 million new H shares. LG, the London-based law firm, has advised Jiangxi Copper Co Ltd - China's largest producer of copper - in connection with its sale of HK$880m (approximately £65m) worth of shares to investors.

10 August 2005


LG's insurance and reinsurance practice grows with new partner hire

David joins Lawrence Graham from Baker & McKenzie, bringing with him a strong background in marine and non-marine insurance and reinsurance disputes, trade credit insurance and the insurance of financial and professional liability risks. He has extensive experience advising both London market and international insurers and reinsurers. Clients he has recently acted for include Allianz Marine and Aviation and Gen Re.

11 July 2005


EU proposes major changes in disputes over State Aid

The European Commission has proposed changes to the system of State aid which would change the present system and raise complex legal issues, EU/competition lawyers at LG believe.

8 June 2005


LG warns agents of EU protection failings

London-based law firm LG says ship agents need to be aware that EU legislation intended to protect agents where their principal sacks them and sets up his own office on the back of business generated by the agent will not find protection under English law.

7 June 2005


LG highlights effects of recent reinsurance cases

Held at Lloyd's of London and attended by approximately 150 delegates, a seminar hosted by LG on May 12 looked at the practical implications of some of the most important recent cases affecting the reinsurance industry.

13 May 2005


LG advises on launch of access fund

LG has advised Access Fund on its launch together with its two feeder funds - Access Feeder Unit Trust, established in Jersey, and Access Exempt Unit Trust, an English exempt unauthorised unit trust. The Access Fund is jointly sponsored by Knight Frank Corporate Finance and Antler Group.

6 May 2005


LG helps Satyam enter Europe with Citisoft acquisition

LG is advising international global IT solutions provider Satyam Computer Services Limited on its acquisition of Citisoft plc, a UK business and systems consulting firm focused on the investment management industry. Consideration for Citisoft comprises a guaranteed payment of $23.2m payable over a 3-year period and an additional performance based payment of up to $15.5m, to be paid over a 3-year period.

27 April 2005


LG chosen by Oxford City for retail centre redevelopment

LG has been selected to advise Oxford City Council on the proposed extension and redevelopment of the Westgate Centre. It is envisaged that the redevelopment of the Westgate Centre will provide a large proportion of the additional 36,500 sq metres of retail space that was identified in a recent study commissioned by the Council as being required to improve the quality and range of existing retail offer in the City. A new department store, a multi-storey car park and new residential accommodations are also proposed.

13 April 2005


LG chosen to advise Centros Miller on £100m retail-led mixed-use scheme in Lancaster

LG continues to build on city redevelopment instructions LG has been instructed by Centros Miller in relation to the proposed redevelopment of the Canal Corridor North – a £100m mixed-use scheme comprising 10 acres in Lancaster city centre."

13 April 2005


Landore Resources follows growing industry trend with Aim float

Canadian minerals company turns to LG for UK listing LG has advised Landore Resources Limited, a company involved in mineral exploration and development in Eastern Canada and the US, on its AIM flotation and simultaneous placing.

8 April 2005


LG advises Redevco on £325m securitisation

LG has advised Redevco UK on the £325 million securitisation of the majority of its UK real estate portfolio. As a result of this transaction, Redevco Original Commercial Securitisation PLC, a ring fenced special purpose company, has issued £325 million of bonds.

7 April 2005


LG floats Australian mining company on Aim

LG has advised Australian company Gladstone Pacific Nickel Limited on its AIM listing raising £11 million, giving the Company a market capitalisation of £36 million. Admission is today, 17 March 2005.

17 March 2005


Wembley sells greyhound racing business to Risk Capital Partners for £50m

Law firms LG and Memery Crystal have advised Wembley plc, the London-listed leisure group, on its agreed sale of GRA Limited to Risk Capital Partners for £50m.

17 March 2005


LG calls for ports directive action

Leading London Law firm LG has called on the shipping industry to makes its views on the EU’s proposed directive on market access to port services heard in Brussels.

1 March 2005


Development Securities acquires site for regeneration

LG LLP has advised Development Securities PLC in relation to its acquisition of the freehold of a 3.20 acre site in Huyton in Merseyside for £5m.

16 February 2005


New guide on directors' pay and benefits issues warning on share options and bonus schemes

LG collaborates with Ernst & Young, Institute of Directors and Lane Clark & Peacock on practical guide to executive remuneration.

16 February 2005


Debenhams Retail plc acquires new stores from Allders' administrators

LG advised Debenhams Retail plc on its acquisition of eight Allders stores from Kroll, Allders’ administrators.

14 February 2005


New research on Aim confirms 61.3 per cent market growth in 2004

As AIM celebrates its 1000th company and prepares to celebrate its 10th anniversary, Lawrence Graham's AIM team launches new research into the active market's performance, while itself celebrating yet another successful year as leading AIM advisers.

25 January 2005


LG advises on global air cargo merger

London-based law firm LG has advised new client Cargolux Airlines International S.A. in connection with its joint venture with SITA INC to create the world's market leading company in air cargo IT automation.

20 January 2005


LG and Herbert Smith advise Multiplex and Hammerson on Joint Venture Arrangements

LG and Herbert Smith have acted for their respective clients, Multiplex Limited and Hammerson UK Properties plc, on the joint venture arrangements surrounding the £18.6 million sale by Pillar to Multiplex of their 50% interest in Cricklewood Regeneration Limited.

17 January 2005


News and Events
Search

Need more information

Contact Partner

Contact Press office