WFW advises Beacon Energy on reverse takeover of Rhein Petroleum and related equity fundraising15 May 2023
The acquisition constituted a reverse takeover under the AIM Rules.
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WFW advises lenders on financing of Afentra’s entry into Angola11 May 2023
Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
Commercial Disputes Weekly – Issue 15414 March 2023
In this issue of Commercial Disputes Weekly, we look at whether disclosure is limited to ‘contemporaneous’ documents, two cases on the importance of following notice procedures to the letter and the extent to which a party can insist on its chosen counsel team.
Commercial Disputes Weekly – Issue 1537 March 2023
This week’s Commercial Disputes Weekly considers a Supreme Court decision on rent repayment orders, two maritime decisions as to calculation of the liability sum and determination of time limitation issues in relation to oil pollution.
WFW advises Po Valley on gas sale agreement with energy major22 February 2023
The deal has been announced by Po Valley on the Australian Securities Exchange.
Developments in the London listing markets: Takeover Code, audit committees and running effective AGMs22 February 2023
In this article, we report on certain amendments to the Takeover Code, the draft minimum standard for audit committees consulted on by the Financial Reporting Council (“FRC”) in November 2022 and the FRC guidance published in July 2022 on running effective AGMs.
Developments in the London listing markets: Market abuse and recommendations in relation to secondary fundraisings15 February 2023
In this article, we report on some recent decisions of the Financial Conduct Authority relating to market abuse and the key recommendations made by the UK Secondary Capital Raising Review to improve secondary fundraising processes for UK listed companies.
WFW advises HSBC on US$300m Push Facility with SACE for nogaholding9 February 2023
The 10-year financing structured as a sustainability-linked loan is part of SACE’s Push Strategy programme and aims to increase business opportunities for Italian exporters.
Developments in the London listing markets: Updated pre-emption right guidance and revised AQSE admission rules8 February 2023
In this article, we report on the updated Pre-Emption Group guidance relating to disapplication of pre-emption rights published in November 2022 and the changes made to the admission rules for the Access and Apex listing segments of the AQSE Growth Market of the Aquis Stock Exchange which came into effect in October 2022.
Developments in the London listing markets: Financial Services and Markets Bill and UK prospectus regime changes1 February 2023
In this article, we report on the key aspects of the Financial Services and Markets Bill and the recently published illustrative draft statutory instrument relating to reform of the UK prospectus regime.
WFW advises Navigazione Montanari and NAI on sale of Vallermosa and Valtamed tankers22 December 2022
Watson Farley & Williams has advised Navigazione Montanari S.p.A. and Nai Int Ltd on the sale of the Vallermosa and Valtamed tankers.
Italy unlocks drilling in new Italian “Aiuti Quater” Decree22 December 2022
The Italian government has announced new measures on the procedure for drilling to secure the long-term supply of domestically produced natural gas initiated in its new Aiuti quater Decree.