CMS Cameron McKenna has won a trophy role on BP's $7bn (£4.7bn) asset sale, joining Sullivan & Cromwell and a host of international law firms, writes The American Lawyer. The sale to Houston-based Apache - which involved oil and gas assets in Canada, Egypt and the US - is part of a bid by BP to shore up its balance sheet and cope with mounting costs stemming from the controversial oil leak in the Gulf of Mexico. Sullivan & Cromwell served as global coordinating counsel to BP on the deal. James Morphy, the former head of the firm's M&A practice, advised BP along with M&A partner and IP co-head John Evangelakos and finance partner Christine Spillane.
July 22, 2010 at 05:40 AM
1 minute read
The original version of this story was published on Legalweek
CMS Cameron McKenna has won a trophy role on BP’s $7bn (£4.7bn) asset sale, joining Sullivan & Cromwell and a host of international law firms, writes The American Lawyer.
The sale to Houston-based Apache – which involved oil and gas assets in Canada, Egypt and the US – is part of a bid by BP to shore up its balance sheet and cope with mounting costs stemming from the controversial oil leak in the Gulf of Mexico.
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