Ashurst has advised Lundin Petroleum on a fully committed 7-year senior secured revolving credit facility of US$ 2.5 billion. This senior secured facility is revolving in order to adjust to Lundin Petroleum group financing needs. This facility will provide the necessary financial flexibility to carry out Lundin Petroleum’s development and exploration projects in Norway, including the Edvard Grieg and Brynhild developments. The lender group consists of 25 international banks, combining existing and new lenders to Lundin Petroleum.

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DLA Piper is pleased to announce that Florence Guthfreund-Roland will be joining the Paris office as a partner effective July 2, 2012. Florence Guthfreund-Roland will be responsible for the telecommunications sector and practice in Paris, with a particular focus on African related work and projects.

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DLA Piper has advised Gresham Private Equity and the other shareholders in Olaer Group Limited on the sale of the company and its various subsidiaries to Parker Hannifin Corporation, the global leader in motion and control technologies.

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International law firm Clyde & Co has today announced that it will open offices in Sydney and Perth on 1 October 2012 with the recruitment of a team from Australian law firm Allens.

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