Client highlights

Meeting the entrepreneur’s needs: Sir Keith Mills uses Farrers for £350million deal

Author: Bryony Cove

Farrers is helping to meet commercial, private and philanthropic objectives for a number of top-flight entrepreneurs. Our work for Sir Keith Mills, Chief Executive of London’s 2012 Olympic Team and Britain’s America’s Cup Team, demonstrates just how our depth of expertise and appreciation of the full range of the issues faced by entrepreneurs enables us to provide truly joined-up solutions.

Paving the way for £366 million merger

Author: David Smellie

Advising senior executives on new contracts meeting strict deadlines.

Our Employment team is increasingly being asked to advise senior management on corporate activity. The recent acquisition of investment management business, Gartmore Group Ltd, by their rivals Henderson is a case in point.

London Business School chooses Farrers for overseas programmes

Author: Peter Wienand

Farrers has been assisting London Business School by providing legal advice on a number of programme projects relating, for instance, to the licensing and launch of the Dubai-London EMBA and the EMBA-Global Asia programmes.

UBS/Vestra: the employment case of the year

Author: William Dawson

This year saw the high profile and widely reported UBS/Vestra employment case, involving a dispute over a team move of some 75 staff from UBS to Vestra Wealth LLP, a new start-up operation in the traditional wealth management arena.

Innovative approach to sale and leasebacks on acquisition of Tesco Extra for Charities Property Fund

Author: Gavin Acheson

Farrer advised the Charities Property Fund on the structured acquisition from Tesco of its Tesco Extra store in Mansfield for £43million. The innovative sale and leaseback terms allow Tesco considerable flexibility in return for a 20-year lease on a new store with a number of associated benefits for the Fund and Tesco.

Positive resolution from complex disputes: the world’s highest-value divorce

Author: Jeremy Posnansky

Farrers has been advising offshore trustees in what has been described recently as “the world’s most expensive divorce”. One spouse is challenging the validity of transfers into a trust and also questioning whether they should be valued at the date of transfer, or based on the current value.

The British Library goes digital

Author: Peter Wienand

Farrers advised the British Library on its partnership with brightsolid online technology, owned by DC Thomson, for the digitisation of up to 40 million pages of the Library’s newspaper archive. The contract was procured using the new Competitive Dialogue procedure. 

Anon, corner

The Duke of Sutherland’s disposal of Titian’s Diana and Actaeon

Author: Mike Chantler

Farrer & Co acted for the Duke of Sutherland on the UK’s biggest ever sale of art in private hands to the nation. This case, which received extensive national press and TV coverage, involved the disposal of the Duke of Sutherland’s painting Diana and Actaeon by Titian, completed in January 2009.

Successful litigation recompenses client for their loss of £7.65 million

Author: Adrian Parkhouse

Protracted professional negligence case results in welcome conclusion for client.

We successfully brought a claim against a client’s former solicitors for negligence in respect of a settlement made with HMRC in 2003. The client was one of several hundred UK companies who filed suits against HMRC, involving a number of test cases in the House of Lords. The issue of negligence stemmed from whether the original solicitors had received the client’s instructions to settle or protect a specific aspect of the claim – its potential entitlement to compensation based on compound rather than simple interest. The difference between the two was £7.65 million, an amount which then formed the basis of our claim. 

Private money funds raise £74 million

Author: Anthony Turner

Group of private investors and entrepreneurs unite on MBO.

We advised a group of private investors, led by serial entrepreneur Neil Utley, in a deal to back the MBO team that bought the London brokerage and corporate finance house, KBC Peel Hunt. CEO Simon Hayes described the buyout as a rebirth for the company.