We are renowned for our strong sectoral regulation practice where we have a successful track record of advising governments and industry clients on restructurings, regulatory initiatives and transactions, including in the following sectors:
- transport - airports; air traffic services; ports; rail and road
- logistics (including postal services)
- water and waste management
- energy - power and renewables; oil and gas
Our work includes advising clients on matters such as legislative changes, price control, procurement and other aspects of regulatory strategy. We also regularly advise on merger control work with regulatory sectoral issues.
Recent examples of transactions that involved significant sectoral regulatory issues:
Centrica on the formation of a joint venture with DONG Energy to co-develop offshore wind farms in the Round 3 Irish Sea Zone. We also advised Centrica on its joint venture with DONG Energy in relation to the Lincs offshore windfarm.
Global Infrastructure Partners (GIP), a leading independent global infrastructure fund manager, on the acquisition from BAA of Edinburgh Airport Limited. We also acted for GIP on its acquisition of Gatwick Airport from BAA. Both transactions entailed close involvement with the CC and other regulators. In addition, we advised Manchester Airport Group on the acquisition of Stansted Airport for £1.5 billion.
Cable and Wireless on its acquisition of a majority stake in The Bahamas Telecommunications Company Limited.
ESB in its acquisition from Viridian of Northern Ireland Electricity, the transmission and distribution networks business.
United Utilities on its disposal of its non-core UK water contracting and European water businesses.
Global Radio on its completed acquisition of GCap Media, a merger which created the largest radio group in the UK.
Department of Energy and Climate Change (DECC) on the Government’s proposals for electricity market reform. We have also advised DECC on nuclear decommissioning, waste management and disposal arrangements for new nuclear build.
Royal Mail on the passing of the Postal Services Act which lays down a platform for reform of the regulatory regime, assumption by the Government of Royal Mail’s pension scheme deficit, and the introduction of private capital to Royal Mail.
Ministry of Justice and other interested departments on the Government’s review of possible private sector involvement in HM Land Registry.
HM Government on the commercialisation of the Royal Mint, including the vesting of the Royal Mint business and assets into a Government owned company.
Lend Lease, a leading international retail and residential property group, on public procurement matters arising from the development of the Olympic Village in London.