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Dentons advises on new documentation for the Polish WIBID and WIBOR Reference Rates

20 Jan 2018

Dentons assisted GPW Benchmark in preparing the new documentation for the WIBID (Warsaw Interbank Offer Bid Rate) and WIBOR (Warsaw Interbank Offered Rate) reference rates which will be effective as of February 1, 2018.

The documentation includes the WIBID and WIBOR Reference Rate Rules and the WIBID and WIBOR Fixing Participant Code of Conduct, which governs relations between GPW Benchmark and the banks participating in the reference rates fixing. Full documentation is available at GPW Benchmark.

DLA Piper advises landlord on major lease expansion in famed Minneapolis central business district

20 Jan 2018

DLA Piper represented the landlord in the negotiation of a lease expansion agreement that resulted in over 214,000 rentable square feet being leased to SPS Commerce at 333 South Seventh Street in Minneapolis and the building being renamed SPS Tower.

The 31-story building is a renowned fixture in the Minneapolis skyline and one of the prime buildings in the city's famed central business district. The landlord is a public pension fund with over $200 billion in assets and is advised by the international investment management company CBRE Global Investors.

Jaime Hauad released from prison after serving 21 years

20 Jan 2018

DLA Piper, the Children and Family Justice Center at the Northwestern Pritzker School of Law and Jones Day achieved a major victory today on behalf of their client, Mr. Jaime Hauad, who was released from prison after serving 21 years. Mr. Hauad was convicted for a double murder he was alleged to have committed as a juvenile and was sentenced to life without the possibility of parole.

DLA Piper advises Sytner Group on the acquisition of The Car People

20 Jan 2018

DLA Piper has advised the UK’s largest franchised dealer group, Sytner. on its acquisition of The Car People, nearly doubling the size of their Used Vehicle Supermarket Division. This is Sytner’s second car supermarket takeover in the last 12 months, having acquired CarShop earlier last year, a transaction in which DLA Piper also advised on.

The Car People operates from four locations in Wakefield, Sheffield, Manchester and Warrington, and sells about 18,000 vehicles a year.

DLA Piper advises ERG SpA on the acquisition of Windpark Linda from Vortex Energy

20 Jan 2018

DLA Piper has advised the Italian energy company ERG SpA on its acquisition, from Vortex Energy Group, of Windpark Linda GmbH & Co KG, holder of project rights for a 21.6-MW wind project in the district of Wittenberg, Germany, as well as in connection with the associated project development documentation and the construction contract.

The acquisition was made by ERG’s subsidiary in Germany, ERG Windpark Beteiligungs GmbH. The involved parties have agreed to treat the purchase price confidential.

Osborne Clarke advises EDS owner on takeover by Reifenhäuser Group

20 Jan 2018

International legal practice Osborne Clarke has advised the owner of EDS GmbH, Johannes P. Müller, on its takeover by Reifenhäuser Group. EDS GmbH will operate within the Reifenhäuser Group as a separate independent business unit. With this acquisition, Reifenhäuser will further expand its existing expertise in die production and significantly strengthen the design know-how for die and film tools.

Based in North Rhine-Westphalia, EDS GmbH is a leading supplier of high-end extrusion tools and a flat dies specialist.

Slaughter and May acts for BT Pension Scheme Trustees in pensions litigation

20 Jan 2018

Slaughter and May acted for BT Pension Scheme Trustees Limited (the “Trustee”), the largest private sector pension scheme in the UK, in the case of British Telecommunications Plc v BT Pension Scheme Trustees Limited and Linda Bruce-Watt (Representative Beneficiary), which was heard on an expedited basis in the High Court in December 2017.

TLT seals £28.5m Santander investment in energy storage

20 Jan 2018

TLT has advised Santander on a landmark transaction signalling that the energy storage market is now ripe for debt funding.
The investment sees Santander provide a £28.5m facility to Battery Energy Storage Solutions Limited (BESS), an independent developer, operator and owner of battery storage units in the UK that aims to reach a 100MW portfolio by the end of 2018.