London is one of the world’s key financial, business and commercial property centres. From London, nearly 700 Bryan Cave Leighton Paisner lawyers act on complex projects for over 30 FTSE 100 companies and more than 50 Global Fortune 500 companies, providing quality, full-service legal advice in the City, throughout the UK and worldwide.
Those cross-border projects, touching 130 countries, are delivered in close co-ordination with Bryan Cave Leighton Paisner’s own international offices, and via a network of over 100 market-leading law firms in jurisdictions throughout the world.
Our legal work for clients in many areas has seen Bryan Cave Leighton Paisner become a top twenty law firm by London revenues. Areas such as:
BLP advised Oil Spill Response Limited on their acquisition of four preventative subsea oil capping stacks with a capital value of approximately £250m. The transaction was a joint project with the nine largest oil independents – BG, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total, to provide a global response capability in the event of a large subsea oil spill. The project is part of an ongoing industry initiative following the Macondo incident in the Gulf of Mexico and is very important both for Oil Spill Response and the global oil industry. The capping stacks are to be sited in Norway, Singapore, Brazil and South Africa. We also advised the client on worldwide operational aspects including provision of toolkits and contracts for provision of dispersant spraying.
On a deal awarded Export Credit Deal of the Year (West), 2010 by Marine Money, we advised Pacific Drilling on the US$1.8 billion financing of their $3.2 billion project to take delivery of, and operate, four new ultra-deepwater drillships and on-going representation in connection with the financing. The project involved activities in UK, USA, Nigeria, Brazil, Liberia and Luxembourg.
Our team advised Clal Insurance, the leading Israeli insurer and part of the listed IDB Group, on the sale of its Lloyd’s Syndicate 1301 and its corporate members, Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited, to Torus Insurance Holdings. We put in place a number of innovative time-apportioned risk-sharing mechanisms together with detailed provisions dealing with provision of capital, order of draw-down of Funds at Lloyd’s, reinsurance to close, allocation of expenses, reinsurance premiums and recoveries and interaction with the third party managing agency agreement.
BLP is advising Thames Water on the Thames and Lee Tunnel projects. The Lee Tunnel is a six-kilometre tunnel to intercept storm overflows from all over North London, currently discharging at Abbey Mills immediately south of the Olympic Park, and transport them to the existing Beckton Works for treatment.
We helped National Grid, one of the largest investor-owned energy companies in the world, to complete one of the largest IT outsourcing projects of the last few years. The global project, which encompassed arrangements to a total value of approximately £1bn, transformed the client’s information systems approach in the UK and US. We provided legal advice that overcame commercial and operational challenges to help outsource data centre services, software development and maintenance, managed print, collaboration and email plus an innovative “service management integrator” service.
BLP advised Seymour Pierce on the main Market IPO of PXP Vietnam Fund. On IPO, PXPVF had a market capitalisation of $60m.
We were successful in forcing two US insurance companies to abandon their US$200m claim against Randall & Quilter and its Chairman. We succeeded in establishing in both the New York and English courts that New York proceedings were commenced in breach of an English exclusive jurisdiction clause and our clients were awarded substantial damages for legal costs.
BLP advised the Homes and Communities Agency on the site remediation and infrastructure procurement contracts for the politically sensitive, mixed-use regeneration of Greenwich peninsula in London, the site of the Dome. We also advised on the further development of the site, including the construction and development of the O2 Arena.
BLP are advising ITV Plc in a multi-million pound dispute in relation to whether National Insurance Contributions are payable in respect of actors who are engaged to perform in television productions. The case is the first of its kind and affects all actors appearing in television productions in the UK. It will have wide implications in the industry as a whole as it will determine the employment status of actors under current legislation.
Over a period of three years, a cross-practice BLP team advised on all legal aspects relating to the design, procurement, planning, financing and operation of the FA’s new National Football Centre at St George’s Park. St George’s Park is seen as integral to the future of the FA, elite performance of football in England and Wales, and the heartbeat of Club England for years to come. We also advised the St George’s Park board on the procurement and financing strategy for this strategic development, comprising leisure, medical and hotel facilities.