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Conyers Dill & Pearman was honoured for its involvement in the high-profile US$55 billion TNK-BP transaction, which was named M&A Deal of the Year at the International Financial Law Review (IFLR) Europe Awards 2014. Conyers’ Robert Briant and Anton Goldstein accepted the award on behalf of the Firm at a ceremony held in London on 3 April 2014.
“We are delighted to be recognised for our role in the historic Rosneft/TNK-BP deal,” said Robert Briant, Head of Conyers’ British Virgin Islands office. “Not only is the TNK-BP sale believed to be the largest acquisition that has ever taken place in the BVI, but it also involved a number of unique elements, including a twin track sales process, making it a fascinating transaction to be involved in.”
Conyers, led by the BVI office’s Robert Briant, Anton Goldstein and Patrick Ormond, advised longstanding client the AAR Consortium on the sale of its 50 per cent interest in the TNK-BP Group to Rosneft, the Russian state oil company. The sale, which was completed in March 2013, was immediately preceded by the sale by BP of the other 50% interest in the TNK-BP Group, resulting in Rosneft becoming one of the world’s largest publicly traded oil producers by output.
“This award underscores Conyers’ ability to advise on large, complex, cross-border merger and acquisition transactions that call for innovative thinking and depth of expertise,” added Anton Goldstein, Partner, Conyers Dill & Pearman.
Conyers worked alongside Skadden, Arps, Slate, Meagher & Flom and Weil, Gotshal & Manges on the transaction. Cleary Gottlieb Steen & Hamilton, Linklaters and White & Case also advised on the matter.
The IFLR Europe Awards recognise innovation, quality and commitment to the development of legal services, with emphasis placed on complexity and market impact.
This M&A Deal of the Year Award comes just weeks after Conyers’ BVI Corporate group received a Band 1 ranking in Chambers Global, one of the world’s foremost guides to the legal profession, which also praised the Firm for its involvement in the TNK-BP deal. The BVI office also recently advised on the Lenta initial public offering, which created the most valuable publicly-listed BVI company with a market capitalisation of approximately US$4.3 billion.