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Representation of Grandtop Reaches From Hong Kong to London
The acquisition of an English Premier League soccer team by a Chinese investor showcased Bingham’s global platform and its ability to handle complex cross-border matters. Matthew Puhar, a corporate, M&A and securities partner in the Hong Kong office, led the Bingham team that represented Grandtop International Holdings Limited, a company backed by investors from Mainland China, as it gained control by way of a public takeover offer of the U.K.-based Birmingham City Plc, the parent company of the Birmingham City Football Club. “This high-profile deal is a good example of Bingham’s international reach and capabilities working effectively for its clients,” noted Puhar, who was joined on the deal by London partners Vance Chapman and Stuart Sinclair..
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Bingham’s August 2009 combination with McKee Nelson added a market-leading structured finance and securitization practice to Bingham’s global platform at the right time and at the right place — at the center of today’s global credit market. Reed Auerbach, former co-managing partner of McKee Nelson and leader of the Structured Transactions Group, discusses how the economy affected the securitization market, what may be in store for 2010, and what services Bingham can offer to clients as they navigate complex regulatory and business issues in a changing world..
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Despite today’s economy and residuals from the recession, distressed-debt investors continue to see select opportunities in 2010, according to the fifth annual North American Distressed Debt Market Outlook Survey sponsored by Bingham, Debtwire, FTI Consulting Inc., and Macquarie Capital (USA) Inc. Michael Reilly and Jeffrey Sabin, co-chairs of Bingham’s global Financial Restructuring Group, discuss the survey findings..
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For the sixth consecutive year, Bingham has been named one of FORTUNE magazine’s “100 Best Companies to Work For,” one of only six law firms nationally to make the list. Bingham ranked No. 12, up 18 spots from last year’s 30th place finish. The firm’s high priority on diversity was among the top reasons for the recognition, according to FORTUNE. “Being recognized by FORTUNE for the sixth year in a row demonstrates the caliber of our people and our deep commitment to fostering a workplace that allows our lawyers and staff to thrive both professionally and personally,” said Bingham Chairman Jay S. Zimmerman. “It is particularly rewarding to receive this honor, especially following our most recent combination this year with McKee Nelson.”.
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Continuing its investment in New York and building upon key strategic practices, Bingham has added Jacob Worenklein, a leader in the energy industry, as a corporate partner in its New York office. “Jay Worenklein is the dean of energy and project finance,” said Bingham Chairman Jay S. Zimmerman. “He is a well-respected leader with an international reputation and will add his major strategic and transactional experience to our award-winning Energy and Project Finance Group. His arrival continues our strategy of building strength on strength and focusing on the national and global needs of our clients.”.
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Partners Jordan Hershman and Jason Frank recently won two key motions for client Freddie Mac in a securities class action pending in federal district court in New York. On Dec. 7, the U.S. District Court for the Southern District of New York denied in its entirety the plaintiffs’ motion to partially lift the discovery stay under the Private Securities Litigation Reform Act. The court also denied the plaintiffs’ motion to declare void non-participation clauses in Freddie Mac’s severance agreements. Hershman (pictured) discusses the significance of the court’s ruling..
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Continuing its strategic investment in global financial services capabilities in London and building on the momentum of its recent combination with McKee Nelson LLP, Bingham has added Sarah Smith, former co-head of Sidley Austin London’s international finance group, as a partner in the London office..
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The 2010 edition of Chambers UK recognized 10 Bingham lawyers and four practices in London, and Legal 500 highlighted six practices and four lawyers in its latest issue. Bingham lawyers and practices were ranked in the restructuring and insolvency; financial services: contentious regulatory; banking litigation; international arbitration; tax; hedge funds; and corporate M&A practice categories..