Noerr has advised the U.S. investor Wellspring Capital on establishing a new packing group. As part of the takeover of the packing specialist Ampac Holdings, LLC, Wellspring has merged this enterprise with the portfolio company Prolamina Corporation.
Osborne Clarke has advised KICKRS.NET, the crowdfunding platform for soccer talents, on its launch in Belgium and Germany.
The crowdfunding platform, started by Swiss Next Sports Rights AG, supports the career of young soccer players, participating in their success. The platform represents individual talents but also whole groups of professional players, which fans and sponsors are then able to invest in them. The return depends on individually defined milestones, e. g. contract renewal or an increase in the player’s market value after being sold to a different club.
Within the framework of the US program in which it participated voluntarily, PKB Privatbank reached a non-prosecution agreement with the US Department of Justice. PKB Privatbank agreed to pay USD 6.3 million and to further cooperate with US authorities. In return, the US Department of Justice will abstain from criminal prosecution. The penalty amounts to approx. 1.9 percent of the total assets held by PKB Privatbank's US clients.
The Laufenburg-based Energiedienst Holding AG and the TRITEC Group are establishing a new enterprise. TRITEC AG, with company headquarters in Aarberg (Canton of Berne), will operate in the future in Switzerland and in Germany as a system provider for decentralized generation systems – inter alia, photovoltaic systems, electrical storage devices and heat pumps.
Norton Rose Fulbright has advised Thales on its £760m contract to deliver the modernisation of the signalling and train control systems on four London Underground lines.
40 per cent of the London Underground network, including the Circle, District, Metropolitan and Hammersmith & City lines, is set to be modernised by 2022 with passenger capacity increased by a third.
The signalling project is one of the largest and most complex in the world, and will upgrade the oldest part of the London Underground network.
DLA Piper has advised the Co-operative Bank on an agreement with leading outsourcing group, Capita, to manage the Bank's mortgage processing operations for its Platform, Britannia and Co-operative Bank mortgage brands.
Ashurst advised Merlin Entertainments in relation to the signed agreement with accesso to roll out their "passport" ticketing system across the estate over the next three years. This system will allow Merlin to standardise and improve its guest purchase journey, delivering a better customer experience before, during and after the attraction visit.
Nuclear energy sector experts from Burges Salmon have advised the Nuclear Decommissioning Authority (NDA) on the disposal of land to NuGen, the nuclear new-build developer for land at the Moorside site near Sellafield.
Following successful site suitability studies the scheme envisages the construction of three new Westinghouse AP1000 reactors and it will be a major infrastructure project in the UK.
It is anticipated that Moorside will eventually deliver seven per cent of the UK’s future electricity.
Slaughter and May is advising LMS Capital plc (the Company) in relation to its proposal to change its investment policy from its current realisation strategy to enable it to instead make investments in the global energy sector.
It is proposed that an investment team comprising Robert Rayne, Tom Daniel, Bernard Duroc-Danner and Tony Hayward will oversee this new strategy and that Julian Metherell will act as a senior adviser to the investment team.
BEITEN BURKHARDT advises the Chinese e-mobility company NextEV on its market entry in Germany. An international team of engineers and designers will develop a new electric vehicle for the growing global e-mobility market in the new development centre in Munich.
NextEV is a Chinese start-up company planning on developing and marketing electric vehicles around the world. With its team NextEV TRC, the company founded by successful Chinese IT entrepreneurs is also competing in the racing series "Formula E".