LAWorld's 16th Annual Conference – Rio de Janeiro 2012


Brazil is South America's most influential country, an economic giant and it has one of the world's fastest growing economies, so it was the perfect destination for LAWorld’s 16th and largest Annual Conference.

Held in Rio de Janeiro in May 2012 and hosted by LAWorld’s Brazilian member firm, Doria Jacobina Rosado e Gondinho Advogados based in Rio de Janeiro and San Paolo, more than 45 delegates attended the 3 day event.

Chris Dixon (LAWorld’s Chair) welcomed delegates to the 2012 Conference. In particular, he welcomed representatives from seven new member firms present who have joined us during the past year (Brussels, Bogota, Budapest, Helsinki, New York, Prague and Texas).  He thanked our hosts for their considerable and invaluable support in organising our global event in their impressive city.

LAWorld annual conferences combine formal business and legal conference sessions with social and cultural events which encourage business networking and getting to know each other opportunities.

A selection of photographic memories of this and other LAWorld events will shortly be available for viewing on the new Gallery Section of the website which is currently being developed.

Showing the way to the LAWorld Rio Conference 2012

Showing the way to the LAWorld Rio Conference 2012

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rio2012

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Conference Room

Conference Room

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Oliver Gnehm

Andy Lustigman

Andy Lustigman

Roxana Kahale and Francisco Zubillaga

Roxana Kahale and Francisco Zubillaga

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Rio2012

Stefania, Valérie, J. Michel and Guy

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Valérie, Michael, Oliver and J.Michel

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Reception at Sugarloaf

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Oliver, Giorgio and Stefania

Arturo Fermandois

Arturo Fermandois

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Rio2012

James, Victor, Ernesto, Rodrigo, Juan and Isabelle

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Rio2012

Daniela, Victor, Helena and Isabelle

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Rio2012

Guy and Stefania

Stefania Caltabiano and Yoav Salomon

Stefania Caltabiano and Yoav Salomon

LAWorld conference delegates 2012

LAWorld conference delegates 2012

LAWorld conference delegates

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Groupshot

MJ, Erika, Yoav, Neels, Victo and Jacqui

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Laura, Andy, Matti and Matthijs

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groupshot

Laura, Chris, Katie and Colin

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Marina, Victor, Helena and Val

The Amazon Team

The Amazon Team

Up the Amazon

Up the Amazon

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Rio2012

Piranha fishing

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groupshot

LAWorld team in front of statue

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Sunrise on the Rio Negro

Sunrise on the Rio Negro

The Lagoon

The Lagoon

Sugar Loaf Mountain

Sugar Loaf Mountain

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rio2012

LAWorld News

Olshan achieves unprecedented victory in proxy fight

Starboard Value LP, a well-regarded activist hedge fund based in New York and represented by New York law firm Olshan Frome Wolosky LLP,  has won full control of the board of directors of Darden Restaurant Inc., owner of popular restaurant chains such as the Olive Garden, after a failed attempt to reach a settlement. 

When Starboard bought into Darden, it began a standard activist campaign, both privately and publicly calling for changes to business strategy and corporate governance in order to enhance shareholder value. Darden ignored the concerns voiced by a majority of its shareholders and nevertheless went ahead with a sale of its Red Lobster restaurant chain. This blatant disregard for its shareholders paved the way for Starboard to capitalize on this shareholder discontent and propose a new, full slate of director nominees, comprised of savvy restaurant industry veterans, such as the founder of TGI Friday’s Inc. and the former CEO of Burger King. 

During the proxy contest, Starboard’s proposed slate of directors earned even greater credibility when the top proxy advisers Institutional Shareholders Services Inc. and Glass Lewis & Co. LLC resoundingly endorsed not just all of the nominees, but also Starboard’s overhaul plan for transforming the company. Darden vehemently fought back, making a number of last-minute changes that failed to curry favor with shareholders, while Starboard, having secured the support of institutional investors, appealed to Darden’s large retail shareholder base. Finally, at Darden’s Annual Meeting, shareholders voted to replace its entire board with the slate of 12 directors nominated by Starboard. 

The Wall Street Journal, The New York Times DealBook, CNBC, Bloomberg and Reuters all published stories about what Law360 described as a “landmark victory in one of the most contentious proxy fights of the year.” 

Olshan Frome Wolosky LLP partner Steve Wolosky, named by Reuters as a “go-to” lawyer for activist investors, with partner Andrew Freedman and associate Meagan Reda, represented Starboard in this historic win and continue to counsel Starboard in other activist campaigns to increase shareholder value at other companies. 

To learn more about the campaign, please contact LAWorld member and Olshan partner Andrew Lustigman at alustigman@olshanlaw.com, who will be able to put you in touch with the team. 

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Upcoming Events

Europe/Middle East Regional Meeting (Milan) from 5pm on Friday the 18th of September, 2015 to 5pm on Saturday the 19th of September, 2015

2015 LAWorld Annual Conference & AGM (Washington DC, USA) from 5pm on Tuesday the 28th of April, 2015 to 2pm on Friday the 1st of May, 2015

Europe/Middle East Regional Meeting (Istanbul, Turkey) from 5pm on Thursday the 5th of February, 2015 to 4pm on Sunday the 8th of February, 2015

Asia/Pacific Regional Meeting (Kuala Lumpur) from 9am on Wednesday the 19th of November, 2014 to 1pm on Thursday the 20th of November, 2014

North/Latin Americas Regional Meeting (Las Vegas) from 7pm on Thursday the 13th of November, 2014 to 5pm on Saturday the 15th of November, 2014

See All Events
 
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