Linklaters has advised Edinburgh Worldwide Investment Trust (EWIT) on the rejection of board change proposals by U.S. activist investor Saba Capital Management (Saba Capital).
At the requisitioned general meeting held this week, EWIT shareholders voted down all nine resolutions proposed by Saba Capital to remove the current board and appoint its own nominees.
The Linklaters team advising EWIT was led by corporate partner Iain Fenn, with support from Tom Bishop, corporate partner, and Marc Harvey, litigation, arbitration and investigations partner.
Linklaters is at the forefront of advising boards and investment companies globally on shareholder engagement and the full spectrum of activist and defence situations.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
