Lenz & Staehelin is representing Bank Julius Bär & Co. AG in proceedings initiated by the German government authority Bundesanstalt für vereinigungsbedingte Sonderaufgaben ("BvS"). In these proceedings, BvS has claimed an amount of CHF 97 million plus interest accrued since 1994 (around CHF 107 million to date).
Clifford Chance banking & finance team has advised a consortium of banks on a 5-year unsecured US$500 million loan for Soyuzneftegaz Vostok Limited (Cyprus), a subsidiary of PJSC “LUKOIL". The consortium included ING Bank N.V. (The Netherlands), Intesa Sanpaolo Bank Luxembourg S.A. (Luxembourg), Mizuho Bank, Ltd. (Japan), Natixis (France), AO Raiffeisenbank (Russia), Raiffeisen Bank International AG (Austria), UniCredit S.p.A. (Italy) and VTB Bank (Deutschland) AG (Germany).
Milbank, Tweed, Hadley & McCloy LLP advised Sixt Leasing SE, one of the largest bank- and manufacturer-independent full-service leasing companies in Germany, on its successful EUR 250 million bond issuance. This is the first issuance of bonds on the capital markets for Sixt Leasing, whose shares are listed on the Frankfurt Stock Exchange since May 2015.
The bond has a term of four years and an interest coupon of 1.125% p.a. Berenberg, Commerzbank and UniCredit acted as joint lead managers for the bond issuance.
A joint team of Bär & Karrer and Hengeler Mueller lawyers advised Credit Suisse on the international aspects of the establishment of Credit Suisse (Schweiz) AG. Effective 20 November 2016, Credit Suisse (Schweiz) AG started operating in Switzerland as a fully owned banking subsidiary of Credit Suisse AG with its own banking license.
Effective 20 November 2016, Credit Suisse (Schweiz) AG started operating in Switzerland as a fully owned banking subsidiary of Credit Suisse AG with its own banking license.
Global law firm White & Case LLP has advised Banca Monte dei Paschi di Siena S.p.A., as originator, arranger and sole underwriter, on a revolving securitisation of a portfolio of loans granted to Italian small and medium-sized enterprises for a total value of around €1.7 billion.
The Senior Notes and the Mezzanine Notes issued in relation to the transaction have been listed on the Luxembourg Stock Exchange.
NEW YORK/SINGAPORE, December 23, 2016 - Milbank, Tweed, Hadley & McCloy LLP represented a group of lenders including Goldman Sachs Australia Pty Ltd, UBS Securities LLC, HSBC Bank Australia Limited (as first lien lenders) and Partners Group Limited and its affiliates (as second lien lenders) in the take-private of ASX-listed SAI Global, a Baring Private Equity Asia portfolio company. The transaction, valued at AUS $1 billion, closed on December 23, 2016.
We acted as Finnvera Plc’s legal advisor when the company sold 80 per cent of its holding in Seed Fund Vera Ltd to Innovestor Kasvurahasto I Ky. After the transaction, Finnvera will remain an owner of Seed Fund Vera Ltd, with a holding of about 20 per cent.
The deal is one step in the process where Finnvera gradually gives up its venture capital investments. The arrangement ensures the continuity of the Fund’s investment activities and provides better opportunities to obtain further financing for the portfolio companies.
SINGAPORE, December 22, 2016 – Milbank, Tweed, Hadley & McCloy LLP acted as counsel to the Shanghai-based Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Financial Leasing”), one of the leading China-based aircraft lessors, on a US$300 million dual-tranched offering of fixed-rate installment notes backed by eight Airbus aircraft.
Stallergenes Group, a global healthcare group specializing in the diagnosis and treatment of respiratory allergies, has successfully raised a revolving credit facility amounting to EUR 50 million. The facility takes the form of a revolving credit line composed of one single tranche and is provided by UBS Switzerland AG. The new revolving credit facility, which is subject to customary closing conditions, is for general corporate and working capital purposes and the refinancing of an existing facility of Stallergenes Group.