Press releases
Read what we have announced to the press about new deals, new appointments, and legal precedents:
If you have a press query please contact Rob Dwyer on 020 7293 4130 or email rdwyer@dac.co.uk
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| December 20th 2005 - Davies Arnold Cooper pioneers £500 million ground breaking commonhold deal for Crest Nicholson | |
| Specialist property law firm Davies Arnold Cooper has co-ordinated a £500 million signing to develop the first major commonhold project in England and Wales. | |
| See full press release | |
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| December 8th 2005 - UK insurance market in need of reform to remain global leader | |
| The Marine Insurance Act (MIA), enacted in 1906, represents the codification of all insurance law and is based on at least two preceding centuries of archaic legislation that does not lend itself to the 21st century insurance market. | |
| See full press release | |
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| December 7th 2005 - Commonhold; a complete guide to commonhold procedures and structures – By Chris Baker at DAC | |
| In light of the reluctance of UK developers to utilise commonhold deals, Chris Baker, Associate Partner at Davies Arnold, and a firm advocate of the new legislation, has written an ebook on the subject, to help improve awareness within both the legal and property sectors. Published online, and available at www.practicalconveyancing.co.uk, Commonhold; a complete guide to commonhold procedures and structures. | |
| See full press release | |
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| December 2nd 2005 - Davies Arnold Cooper successfully negotiate £160 million financing for Care Homes expansion | |
| Caring Homes Group Limited is set to become the largest private operator of care homes in the United Kingdom, following a £160 million refinancing and facilities package negotiated on their behalf by international law-firm Davies Arnold Cooper (DAC). The package, secured from Halifax Bank of Scotland, will fund an acquisition programme that will see the group expand to approximately 2,000 beds, in 60 care homes nationwide. | |
| See full press release | |
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| November 28th 2005 - DAC librarian scoops legal information Professional of the Year Award | |
| At the recent inaugural BIALLY LexisNexis Butterworths’ Awards for Excellence, which serve to celebrate the work and dedication of the UK’s top law librarians, Gail Sanderson, of international law-firm Davies Arnold Cooper (DAC), was named best ‘Legal Information Professional at a Large Law Firm’. | |
| See full press release | |
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| November 21st 2005 - Thames Gateway? Never heard of it! Says 65% in heart of government’s biggest housing project | |
| On the eve of the second Thames Gateway Forum, specialist property and construction lawyers Davies Arnold Cooper (DAC), release today an independent survey into how many people know what the “Thames Gateway” actually is. | |
| See full press release | |
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| November 2nd 2005 - Davies Arnold Cooper pulls the rug from under designer Kelly Hoppen’s feet! | |
| Rug wholesaler L Kelaty Limited (Kelaty) and Davies Arnold Cooper solicitors, have successfully rebutted an application for injunction, brought by designer Kelly Hoppen. | |
| See full press release | |
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| October 17th 2005 - Davies Arnold Cooper and William Verry go ‘back to school’ with £91 million development | |
| Davies Arnold Cooper (DAC), has acted for William Verry and Costain Ltd in a £91 million build and regeneration scheme in Kent. The Kent Group Private Finance Initiative (PFI) involves the construction of 3 schools and the refurbishment of 3 existing schools situated in locations across the county. | |
| See full press release | |
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| October 6th 2005 - Davies Arnold Cooper ‘bags’ £220 million acquisition of Whitgift Shopping Centre | |
| Davies Arnold Cooper (DAC) is acting for the Dublin head office of Anglo Irish Assurance Company, and a number of private Irish investors, in the acquisition of Whitgift Trust, a Jersey property unit trust that owns the Whitgift Shopping Centre, Croydon, Surrey. The deal is worth more than £220 million. | |
| See full press release | |
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| September 27th 2005 - Davies Arnold Cooper in major London hotel development | |
| Davies Arnold Cooper (through their London office) acted for City Road Investments Limited, a Guernsey based vehicle, in connection with their development of a major new hotel on City Road, London EC1. The hotel will be operated by Travelodge on a 35 year lease. The development has an estimated value of £55 million on completion. | |
| See full press release | |
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| September 21st 2005 - Davies Arnold Cooper in development of new four star hotel in Jersey | |
| Davies Arnold Cooper acted for Jersey Waterfront Hotel Holding Limited in connection with a new 195-bedroom international 4 star hotel and conference centre, the first phase of their proposed development on the St Helier Waterfront in Jersey. The hotel will be operated by Radisson SAS on a 20-year management contract. The development has an estimated value of £45 million on completion. | |
| See full press release | |
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| September 8th 2005 - Commercial insurance fraud costs at least £550 million a year | |
| Davies Arnold Cooper and a syndicate of major insurers, the ABI and insurance industry partners, have commissioned a major MORI Survey into the scale and nature of commercial insurance fraud. This ground breaking study, released today, shows the cost of commercial insurance claims fraud is £550 million each year. To register to receive a summary of the report click here | |
| See full press release | |
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| August 23rd 2005 - Beware junk science: Leading product liability lawyers Davies Arnold Cooper urges caution in pursuing costly group actions | |
| The Legal Services Commission and after the event insurers are right to be cautious when considering whether to support group claims against pharmaceutical companies, says international law firm Davies Arnold Cooper. This follows the decision in a Texas court to award $253.4 million (£140 million) as settlement to the widow of a man who died suddenly after using the painkiller Vioxx, manufactured by Merck. | |
| See full press release | |
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| August 1st 2005 - Be ready when the OFT comes knocking... | |
| Investigation into bid rigging by 22 construction companies may be just the beginning of more investigations into anti-competitive behaviour. | |
| See full press release | |
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| July 21st 2005 - Further expansion for Davies Arnold Cooper's property team | |
| Davies Arnold Cooper (DAC), has further strengthened its property department following a year of strong growth, with the promotion of four new associate partners: Chris Baker, Ashley Dewar, Richard Green and Tim Johnson. | |
| See full press release | |
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| July 19th 2005 - UK insurance market could benefit from EC inquiry, says competition & insurance lawyers Davies Arnold Cooper | |
| Leading competition and insurance lawyers Davies Arnold Cooper (DAC) claim the UK insurance market will have nothing to hide from the impending EC inquiry into breaches of anti-competition rules. The solicitors say the industry could benefit from it if the EC issues guidelines clarifying grey areas and extending block exemptions. Last month the EC announced it will be investigating the insurance market for possible breaches of Article 81 or Article 82 of the Treaty of Rome - the EC is concerned that business insurance market is not working as well as it could. | |
| See full press release | |
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| July 6th 2005 - Davies Arnold Cooper successfully close out £146m deal for 33 Grosvenor Place | |
| Andrew Boulton, commercial property partner, and Paul McCartney, finance partner at international law firm Davies Arnold Cooper, have completed the purchase of 33 Grosvenor Place London SW1 from DB Real Estate for £146m, on behalf of an investment vehicle sponsored by Arab Investments Limited. | |
| See full press release | |
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| July 6th 2005 - Court of appeal overturns "bomb shell" decision in limitation case | |
| The Court of Appeal has overturned a Limitation decision in the case of Henry Boot v Alstom this week (4 July). Had the original decision been upheld it would have been a “bombshell”, according to international law firm Davies Arnold Cooper (DAC), and changed the way that the vast majority of building and engineering contracts are implemented | |
| See full press release | |
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| June 1st 2005 - Premiership rules on players contracts are anticompetitive says leading competition lawyers Davies Arnold Cooper | |
| Why should the Premiership have special exceptions when it comes to the war for talent? Davies Arnold Cooper discusses why the Premiership rules, in the light of the Ashley Cole tapping-up affair by Chelsea FC, are anti-competitive and unfair. | |
| See full press release | |
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| May 26th 2005 - Professional funders of legal cases are to incur a capped burden of costs if claim is unsuccessful | |
| Davies Arnold Cooper (DAC) has successfully argued in the Court of Appeal that professional funders, that fund cases in order to take a slice of their financial success, should also share the burden of costs if they fail subject to a cap related to the amount of their financial assistance. The case clarifies the previously unclear area of law. | |
| See full press release | |
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| April 26th 2005 - Swimmers emerge victorious | |
| Davies Arnold Cooper are delighted by the judgment issued today by Mr Justice Stanley Burnton on the successful application for judicial review brought by the Hampstead Heath Winter Swimming Club against a decision made by the Corporation of London not to allow self regulated swimming (without lifeguards) in the Mixed Pond on Hampstead Heath. | |
| See full press release | |
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| April 12th 2005 - Davies Arnold Cooper 'builds' Property team with trio of new hires | |
| Specialist property law firm Davies Arnold Cooper (DAC) are pleased to announce the appointments of Chris Baker, Nicola Sutton and Euan Lloyd to its property department. The three new hires will specialise in property development and investment work. | |
| See full press release | |
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| March 10th 2005 - Davies Arnold Cooper represents Natwest and RBS in snow deal acquisition | |
| Specialist property law firm Davies Arnold Cooper (DAC) has acted for National Westminster Bank plc and Royal Bank of Scotland, which has provided the acquisition finance necessary to enable Ardmore Language Schools Limited purchase Alpine Tours Limited, a company specializing in organizing children’s skiing trips. | |
| See full press release | |
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| March 8th 2005 - Davies Arnold Cooper strengthens its Insurance Department | |
| Following its re-structuring around the core areas of Dispute Resolution and Property, Davies Arnold Cooper are pleased to announce the appointment of two equity partner lateral hires. | |
| See full press release | |
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| March 3rd 2005 - Davies Arnold Cooper's sports team 'pots' another triumph | |
| The specialist sports division of international law firm Davies Arnold Cooper (DAC), based in Manchester represented Bethell Utlilities plc, enabling them to fend off a £250,000 damages claim from ‘would-be’ snooker star Stephen Delaney, in Manchester’s County Court today (3, March 2005). | |
| See full press release | |
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| January 19th 2005 - DAC acts in US$1.5 billion on line travel sector acquisition | |
| Leading law firm Davies Arnold Cooper (DAC) has advised US real estate and travel firm Cendant Corporation in relation to the property aspects of two of its recent acquisitions in the on line travel sector - ebookers.com and Gullivers Travel Associates/Octopus.com. | |
| See full press release | |
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| January 11th 2005 - Property deal round up | |
| Specialist property law firm, Davies Arnold Cooper (DAC), has handled a raft of property deals for its clients over the Christmas period, including assisting in a property swap between Land Securities and Slough Estates. The deal has a combined value of £700 million and involved the exchange of industrial and retail property. | |
| See full press release | |
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| January 10th 2005 - DAC announces new insurance seminar programme | |
| A new series of professional seminars designed with members of Chambers and Professor Robert Merkin providing their views on current issues in the insurance industry. For more information or to book a place, email: insuranceseminars@dac.co.uk. | |
| See full press release | |
