Hogan Lovells, Paul Hastings, Latham: Business of LawElizabeth Amon
Hogan Lovells LLP is opening a Luxembourg office with two partners and four associates from NautaDutilh NV.
Pierre Reuter, an investment funds lawyer, and Jean-Michel Schmit, a corporate lawyer, are the partners who will start the office on Aug. 1.
“Luxembourg is an increasingly important jurisdiction for investment funds,” David Harris, global co-chief executive officer of Hogan Lovells, said in a statement. “Our new office will allow us to offer a much fuller funds capability to our clients.”
The office will be Hogan Lovell’s 45th. The firm opened an office in Brazil earlier this month.
Luxembourg has been a strategic location for structuring funds and will remain so, Reuter said. European finance ministers in 2010 approved a law, known as the Alternative Investment Fund Managers Directive, which gave the European Securities and Markets Authority power to set rules for hedge funds and private-equity firms. Member states have until this month to implement the directive.
With the EU directive, “it will be even more attractive for alternative investment fund managers to expand or set up their products in Luxembourg and to thrive here,” Reuter said in a statement.
Hogan Lovells has more than 2,500 lawyers worldwide.
Paul Hastings Hires Securities Litigator Lari in New York
Paul Hastings LLP hired securities and commercial litigator Shahzeb Lari as a partner in the litigation practice in New York. He was previously at Fried, Frank, Harris, Shriver & Jacobson LLP.
Lari primarily focuses his practice on the litigation of corporate and commercial disputes, with an emphasis on securities, shareholder and antitrust class actions, corporate governance and other complex business disputes. He also has represented clients in real estate litigation, the firm said.
“Adding Shahzeb to our securities litigation team represents a further strengthening of our team in this practice area,” William Sullivan, global chairman of the litigation practice, said in a statement.
Paul Hastings has lawyers at 20 offices in Asia, Europe and the U.S.
Brussels Antitrust Partner Joins Latham & Watkins
Lars Kjolbye will join Latham & Watkins LLP’s Brussels office as a partner in the litigation department. He was previously with Covington & Burling LLP.
Kjolbye focuses on complex cases in competition law, including abuse of dominance, restrictive practices, merger control, state aid and energy regulation. Before private practice, he spent 10 years at the European Commission’s Competition Directorate General, where his positions included head of the energy and environment unit.
In that role, he led investigations and inquiries into gas and electricity markets, the firm said in a statement. He also worked as deputy head of the coordination and scrutiny unit, where he reviewed enforcement cases and other matters.
“Lars will bring a broad range of expertise and deep industry knowledge to the practice,” Jean Paul Poitras, managing partner of Latham’s Brussels office, said in a statement. “He has advised on a number of landmark matters in recent years and his experience offers significant synergies with our practice,”
Latham & Watkins has more than 2,000 lawyers in 31 offices in the U.S., Europe, Middle East and Asia.
Herschel Hamner Joins Sidley Austin’s Global Finance Practice
Sidley Austin LLP said Herschel T. Hamner III will join the firm’s Houston office as a partner in the global finance practice. He was previously a partner at Baker Botts LLP.
Hamner has experience on finance transactions, including syndicated bank financings, high-yield debt offerings and the private placement of securities.
“Herschel has emerged as one of the top finance lawyers in Houston,” Larry Barden, vice chairman of Sidley’s management committee, said in a statement. He “ will be a great asset to our clients and provide added depth to our global finance capabilities, both in Houston and worldwide.”
Sidley has 1,750 lawyers in 18 offices worldwide.
IP Lawyer John Griem Joins Carter Ledyard in New York
Carter Ledyard & Milburn LLP said John M. Griem Jr. joined the firm as a partner in its intellectual property department in New York. He previously was in the New York office of Loeb & Loeb LLP, where he was a partner in the patent litigation and counseling department.
Griem’s practice concentrates on intellectual-property litigation, particularly patent litigation, as well as license and technology agreements, strategic portfolio development and IP issues arising in corporate and finance transactions. He also advises clients on trademark matters.
Griem “will add depth to our already strong team,” said Tom Davis, chairman of the intellectual property department and a member of the firm’s executive committee.
Carter Ledyard has about 100 attorneys at two New York offices.
Sedgwick Adds Real Estate and Finance Partner Laurie Gustafson
Sedgwick LLP said Laurie Gustafson joined its real estate and finance practice as a partner in San Francisco. She was most recently with Stein & Lubin LLP.
Gustafson’s practice focuses on commercial real estate, including property acquisitions and dispositions, leasing, financing, construction, development and management.
“Laurie’s extensive transactional real estate experience will complement our existing real estate and finance, real estate litigation, land use and natural resources, construction, and other practices,” Anna Shimko, chairman of Sedgwick’s real estate practice, said in a statement.
Sedgwick has more than 370 lawyers in 16 U.S. offices.
Guynn Says Banking, Commodities Connection Not New
Randall Guynn, head of the financial institutions group at the law firm Davis Polk & Wardwell LLP, said the connection between banking and commodities is “not a new development” and has “very ancient roots.”
Guynn testified before a Senate Banking subcommittee in Washington yesterday. For more, click here.
For Skilling, ‘Enron Was His Life,’ Lawyer Petrocelli Says
Daniel Petrocelli, chairman of the business trial and litigation practice at O’Melveny & Myers LLP, talks with Bloomberg Law’s Spencer Mazyck about his representation of former Enron Corp. Chief Executive Officer Jeffrey Skilling.
On June 21, U.S. District Judge Sim Lake III approved a deal made between prosecutors and Skilling that reduced his prison term to 14 years from 24, freeing the former CEO as early as 2017.
Petrocelli, in this “Rainmakers” episode, also explains why Skilling wouldn’t have faced civil or criminal proceedings if Enron’s demise occurred during or after the 2008 credit crisis.
This is a Bloomberg podcast. To download, watch or listen to this report now, click here.
U.K. Prosecutor Who Led Organized Crime Division Gets Top Post
Alison Saunders, who led the organized-crime division at the U.K. prosecutors’ office, was named the head of the agency.
Saunders, who has worked for the Crown Prosecution Service since 1986, will start as Director of Public Prosecutions after the current head, Keir Starmer, steps down at the end of October, the agency said in a statement on its website. Saunders has been London’s Chief Crown Prosecutor since 2010.
Saunders made the decision to charge suspects in the investigation into the hacking of mobile phone voicemails at News Corp. newspapers. She has also prosecuted cases involving bribery, human trafficking, immigration, counterfeiting, money laundering, sexual assault and murder, the CPS said.
“Saunders is a first-class lawyer with great experience and a thorough understanding of the way the CPS works,” Stephen Parkinson, head of criminal law at Kingsley Napley LLP in London, said in an e-mail.
Saunders said she would continue with “reforms, both within the CPS and more widely in the criminal justice system,” that Starmer began.