Mayer Brown, a leading global law firm, has garnered a top ranking for legal advisors on asset backed deals in the latest U.S. capital markets review issued by Thomson Reuters.
9 October 2009 – The 2010 edition of IFLR1000, a guide to the world’s leading financial law firms, ranked Mayer Brown in 15 practice categories. Four practices were given top-tier rankings: Hong Kong Restructuring & Insolvency; Thailand Restructuring & Insolvency; United States Capital Markets – Structured Finance & Securitization; and Vietnam Banking & Finance. In addition, 26 partners were ranked as leading lawyers. IFLR1000 rankings are based on extensive independent research, and provides analysis of the best financial law firms operating in more than 100 markets worldwide.
22 September 2009 – Mayer Brown, a leading global law firm, announced today that the 2010 edition of Chambers Latin America ranks the firm in four Latin America-wide practice categories: Banking & Finance, Capital Markets, Corporate/M&A and Projects. Mayer Brown also is ranked in Brazil in the Banking & Finance: Locally Based International Counsel category.
25 August 2009 – Mayer Brown, a leading global law firm, announced today that Los Angeles partner Ricardo Gonzalez has relocated to the firm’s São Paulo office, which opened in December 2007 and is the firm’s first office in Latin America.
JSM acted for Capital Strategic Investment Limited (CSI) in the sale of 36/F (25,835 sq.ft.) of Shun Tak Centre (China Merchants Tower), which they agreed to acquire the week before, at a price of HK$10,700 per sq.ft. The transacted amount is HK$277 million representing a profit of HK$15 million within two days.
12 June 2009 - Mayer Brown LLP, a leading global law firm, announced today that 124 of its attorneys are ranked in the 2009 edition of Chambers USA: America’s Leading Lawyers for Business, including 32 who achieved top-band ranking or higher in 26 national and/or state categories.
June 4, 2009 - Mayer Brown LLP, a leading global law firm, announced today that the 2009 edition of Legal 500 United States ranks the firm’s practices in 24 categories, including top-tier rankings in five categories.
29 May 2009 –Leading international law firm Mayer Brown is advising UK regeneration specialist, St Modwen Properties, in relation to a firm placing and open offer of new shares to raise £107 million. In addition, Mayer Brown advised St Modwen in relation to variations to its banking facilities.
From 1 June 2009, new rules will require disclosure of long contracts for difference and similar derivative products referenced to shares of certain UK issuers.
New rules will require disclosure of long contracts for difference (“CfDs”) and similar derivative products from 1 June 2009 in the UK. They extend the existing disclosure of major shareholdings regime in Chapter 5 of the Disclosure Rules and Transparency Rules (“DTR 5”) published by the Financial Services Authority (“FSA”).
The FSA has recently received a number of queries regarding the disclosure obligations of persons discharging managerial responsibilities (“PDMRs”) as a result of the FSA’s investigation of the entrepreneur David Ross in December. Mr Ross belatedly disclosed that he had pledged shares in four companies of which he was a director as security against his personal loans. In order to clarify the position, the FSA released a statement on Friday 9 January 2009 setting out the disclosure requirements for PDMRs who grant security over their shareholdings.
In the past week the Financial Services Authority (the “FSA”) has fined Wolfson Microelectronics plc and Entertainment Rights plc for failing to announce inside information to the market as soon as possible, resulting in the creation of a false market in their respective securities.
In November 2008, the Rights Issues Review Group (“Review Group”) made various recommendations to the Chancellor in relation to reform of the rights issue process.
One of these recommendations was for the Association of British Insurers (“ABI”) to review its guidance on the ceiling on allotments of shares in light of the Review Group’s recommendation that it be increased from one third to two thirds of an issuer’s share capital.
December 2008 - In January 2008, the Financial Services Authority (the “FSA”) published a discussion paper reviewing the structure of the UK listing regime. The paper considered, in
particular, ways to re-label the primary and secondary listing segments to help market participants understand better the obligations on issuers of the various types of listed securities.
December 2008 - Rights issues have been under the spotlight recently. With debt financing becoming increasingly difficult to obtain, rights issues offer issuers an alternative fundraising method. Throughout the year a number of issuers, most notably in the financial sector, have looked to their shareholders for additional equity capital.
24 September 2008 - On September 22, 2008, the Board of Governors of the Federal Reserve System (Board) released a policy statement (Policy Statement) that liberalizes to some extent the ability of investors to make noncontrolling equity investments in US commercial banks and bank holding companies (BHCs) (collectively “banking organizations”).
30 July 2008 - A Best Practices Guide has been prepared by the US Department of the Treasury (Treasury) in order to encourage the growth of the covered bond market in the United States.
14 July 2008 - On June 25, 2008, the Securities and Exchange Commission proposed revisions to the eligibility requirements for various registration statement forms that are used by domestic and foreign issuers to register the offer and sale of securities under the Securities Act of 1933.
Mayer Brown is a global legal services organization comprising legal
practices that are separate entities (the "Mayer Brown Practices"). The
Mayer Brown Practices are: Mayer Brown LLP, a limited liability
partnership established in the United States; Mayer Brown International
LLP, a limited liability partnership incorporated in England and Wales;
and JSM, a Hong Kong partnership, and its associated entities in Asia. The
Mayer Brown Practices are known as Mayer Brown JSM in Asia. "Mayer Brown"
and the "Mayer Brown" logo are the trademarks of the individual Mayer
Brown Practices in their respective jurisdictions.
