Ashurst said Friday that it is advising the U.K. government on legislation to nationalize Chinese-owned British Steel Ltd. to safeguard the country's metal-making capacity, a goal that has triggered a warning from Beijing.
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TOP NEWS

Ashurst Guides Steel Nationalization Bill Amid China Warning

By Tom Fish

Ashurst said Friday that it is advising the U.K. government on legislation to nationalize Chinese-owned British Steel Ltd. to safeguard the country's metal-making capacity, a goal that has triggered a warning from Beijing.

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Getty Gets UK OK For $3.7B Shutterstock Deal With News Sale

By Tom Fish

Britain's Competition and Markets Authority said Friday it will allow Getty Images to buy its rival Shutterstock if Shutterstock sells its editorial arm to address ​concerns around news content supply in ​the U.K.

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BlackRock Fund To Let Pension Plans Access Private Markets

By Tom Fish

BlackRock has launched a new fund aimed at giving defined contribution pension savers broader access to private market investments, amid building momentum in the U.K. to channel more retirement savings into so-called productive finance assets.

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DEALS

Paul Weiss, Gibson Dunn Guide Deal For LVMH's Marc Jacobs

By Dawood Fakhir

Luxury goods giant LVMH said it has agreed to sell its Marc Jacobs fashion brand to a 50-50 joint venture between G-III Apparel Group and brand management company WHP Global.

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CAPITAL MARKETS

Oil And Gas Biz Raises £3M For Project Development

By Dawood Fakhir

Predator Oil & Gas said Friday that it has raised £3 million ($4 million) through a share placing to fund development work across its assets in Trinidad, Morocco and offshore Ireland.

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Zanaga Iron Raises £5.7M In Equity For Congo Project

By Dawood Fakhir

Zanaga Iron Ore said Friday that it has raised £5.7 million ($7.6 million) through a share sale after "strong investor demand" to fund the development of one of the world's largest iron ore resources in southwestern Congo.

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LITIGATION

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgari jewelry dynasty. Here, Law360 looks at these and other new claims in the U.K.

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NEWS IN BRIEF

Brief

Law Firm Keystone To Return £1.5M To Shareholders

By Irene Madongo

Keystone Law kicked off a £1.5 million ($2 million) program to repurchase shares from investors on Friday after reporting higher revenue and amid growth in the number of lawyers at the firm.

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Brief

Fieldfisher Advises Life Sciences Biz ValiRx On Fundraising

By Irene Madongo

ValiRx PLC on Friday disclosed the near completion of its fundraising program, in which it seeks to raise up to £1.155 million ($1.5 million).

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Brief

Irish Housebuilder Glenveagh Boosts Buyback To €50M

By Irene Madongo

Glenveagh Properties PLC said on Friday that it will repurchase an additional €25 million ($29 million) of shares, extending the buyback program that the Irish construction company launched in January to €50 million.

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EXPERT ANALYSIS

UK Stock Exchange Changes Ease Path For Foreign Issuers

Following the Financial Times Stock Exchange Russell's recent eligibility change aligning free float requirements for foreign and non-U.K. issuers, advisers to those considering a London listing should also assess index suitability, say lawyers at Debevoise.

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LAW FIRMS IN TODAY'S NEWS

Ashfords LLP

Ashurst LLP

BPE Solicitors

Brabners LLP

Clyde & Co

Cripps LLP

DWF LLP

Debevoise & Plimpton

Edwin Coe

Fieldfisher

Foot Anstey

Gibson Dunn

Harrison Goddard Foote

Hill Dickinson

Hogan Lovells

Joseph Hage

Kennedys Law LLP

Keystone Law

Kingsley Napley

Kirkland & Ellis

Leigh Day

Mishcon de Reya

Paul Weiss

Penningtons Manches

Reynolds Porter

Setfords Solicitors

Shoosmiths LLP

Stephenson Harwood

Walker Morris LLP

COMPANIES IN TODAY'S NEWS

AB Electrolux

AXA SA

BMS Group

BSH Hausgeräte GmbH

BlackRock Inc.

British American Tobacco PLC

British Broadcasting Corp.

Britvic PLC

Bulgari SpA

Debenhams PLC

G-III Apparel Group Ltd.

Getty Images Holdings Inc.

HSBC Holdings PLC

Investments Ltd.

JPMorgan Chase & Co.

LVMH Moet Hennessy

LinkedIn Corp.

London Stock Exchange Group PLC

MSCI Inc.

Marubeni

MasterCard Inc.

Mediterranean Shipping Co. SA

Morgan Stanley

Nasdaq Inc.

Pilgrim's Pride Corp.

ROC Nation LLC

Shutterstock Inc.

The Goodyear Tire & Rubber Co.

Tokio Marine & Nichido Fire Insurance Co. Ltd.

UBS Group AG

Visa Europe

WHP Global

rag & bone Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Competition Appeal Tribunal

Competition and Markets Authority

Department for Business, Energy and Industrial Strategy

Financial Conduct Authority

U.S. Department of Justice

U.S. Patent and Trademark Office

UK High Court

UK Intellectual Property Office (IPO)