16 Mar 2022 | 09:21 am |
Multinational law firm Pinsent Masons has advised Eni on its agreement with bp to form a new 50/50 independent company, Azule Energy in Angola.
Azule Energy is expected to be Angola’s largest producer, holding stakes in 16 licences, as well as participating in the Angola LNG joint venture. Azule Energy will also take over Eni’s stake in Solenova, a solar company jointly held with Sonangol.
Pinsent Masons has advised Eni on all aspects of this complex deal including M&A, tax, employment, and energy regulatory advice.
Commenting on the deal, lead partner Akshai Fofaria said: “This joint venture will transform Angola’s energy landscape. The multidisciplinary nature of our team enabled us to navigate the complexities of this transaction to reach agreement on an innovative new venture that will have one of the largest portfolios in Sub-Saharan Africa.”
Multinational law firm Pinsent Masons is advising the City of Munich in appeal proceedings brought by the organisers of a planned Oktoberfest event in Dubai. The organisers provided cease-and-desist undertakings, thereby in effect accepting a preliminary injunction issued in this landmark case by the District Court in favour of the City of Munich.
Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.
Multinational law firm Pinsent Masons has appointed financial services partner Kanyi Lui as Head of China following the implementation of a refreshed leadership structure for the firm’s Asia Pacific network.
Multinational law firm Pinsent Masons has hired two legal directors in Amsterdam, appointing Joel Erwteman and Stephanie Dekker as it continues to grow its technology, science and industry (TSI) capabilities in The Netherlands.
Multinational law firm Pinsent Masons has been named International Law Firm of the Year and Real Estate & Construction Team of the Year at the Oath Middle East Legal Awards 2020-21.
Multinational law firm Pinsent Masons has launched a new working-from home audit tool to help financial services organisations understand the hidden litigation and regulatory risks associated with staff increasingly working from home on a more permanent basis.
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