Charles Russell and Trowers Land Administrator Roles for Bahrain Banks

Legal WeekLondon law firms Charles Russell and Trowers & Hamlins have won roles to act as administrators to two Bahraini banks. The two were appointed earlier this month by the Central Bank of Bahrain, serving as local banking regulator, with Charles Russell acting as administrator of Awal Bank and Trowers acting for The International Banking Corporation.Post a CommentgetNumberHub('1202433289974')Dubai / Global Lawyer / United KingdomHerbert Smith Transfers Disputes Partner to Dubai OutpostLegal WeekHerbert Smith has bolstered its Dubai arm with the relocation of London dispute resolution partner Stuart Paterson to the region. Paterson, who specializes in commercial and finance disputes as well as corporate fraud and asset tracing, was involved in the epic $485 million Talco dispute -- one of the most expensive cases in British legal history -- advising the Republic of Tajikistan in its dispute with a group of aluminum traders that settled at the end of last year. Paterson will move in September.Post a CommentgetNumberHub('1202433254417')Germany / QatarClifford Chance, Freshfields Help VW and Porsche Tie the KnotThe American LawyerClifford Chance and Freshfields Bruckhaus Deringer advised Volkswagen and Porsche as the two European car icons took the first step in creating a combined company that could challenge Toyota's dominance in global auto sales. The two firms have been guiding the car companies through a dance that started in 2005, when Porsche (advised by its longtime counsel at Freshfields) began acquiring shares of Volkswagen in an attempt to take over VW.Post a CommentgetNumberHub('1202433066415')International Arbitration / Iraq / United StatesCleary's Work for Iraq Pays OffThe National Law JournalLast year, Cleary Gottlieb raked in $4.3 million for helping Iraq balance its books. And though its paycheck this year stands to be significantly less, the past five years have been good ones for the small band of lawyers handling much of the country's $120 billion in debt. Partner Lee Buchheit and four other attorneys have brought in about $20 million in fees and disbursements since they took on the task of dealing with a range of claims against Iraq for debt Saddam Hussein amassed during his reign