Clifford Chance represented Bank Millennium in the process of structuring, negotiating and signing an agreement with Societe Generale regarding the acquisition of Euro Bank by Bank Millennium.
The Federal Association of German Banks (BdB) has paved the way for the inclusion of the former regional bank HSH Nordbank in its deposit protection fund as a condition for the sale and the planned privatisation of the bank. Clifford Chance, supported by the Auditing Association of German Banks (Prüfungsverband deutscher Banken e.V.), advised BdB on the negotiations. This is the first time in German banking history that private investors have been allowed to take over a state-controlled regional bank.
Leading international law firm Clifford Chance has advised 15 lenders - 11 development finance institutions (AfDB, AFC, AFD, CDC, DEG, EAIF, EIB, FMO, IFC, OFID and Proparco) and 4 local commercial banks (BICEC, SCB Cameroon, Société Générale Cameroun and Standard Chartered Bank Cameroon) - on the financing of a 420-MW hydropower project on the Sanaga river near the Nachtigal Falls, located 65 km to the north-east of Yaoundé, Cameroon for a total project cost of 1.2 billion Euros.
BBVA and Red Electrica Corporation have become the first in the world to deliver a syndicated loan using blockchain. Linklaters advised BBVA on the €150m syndicated loan with the whole facility’s negotiation process closed over the blockchain network. Linklaters also advised MUFG of Japan and BNP Paribas as co-lenders.
Global law firm Norton Rose Fulbright has advised the Prüfungsverband deutscher Banken e.V., PV (Auditing Association of German Banks) on its audit related to the admission of HSH Nordbank AG as member of the Auditing Association.
King & Wood Mallesons (KWM) advised Huatai Financial Holdings (Hong Kong) Limited as the sole sponsor, and other underwriters on the global offering and listing of Xinchengyue Holdings Limited (Xinchengyue, HKEX Stock Code: 1755) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
Baker McKenzie has advised Mitsubishi UFJ Trust and Banking Corporation (MUTB) on its agreement to acquire Colonial First State Global Asset Management from Commonwealth Bank of Australia for A$4.1 billion (US$2.9 billion).
Cravath represented the European Investment Bank in connection with its $3 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on October 30, 2018.
London — Mayer Brown represented HSBC in its negotiations on the design and development agreement with IHS Markit to create MyDeal, a digital technology app and underlying platform that enables the bank's employees and clients to access transactional, logistical and other updates relating to investor roadshows during the capital market fundraising process.
Simpson Thacher, acting as sole international counsel, represented BNP Paribas, Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International and Shinhan Investment Corp., as dealers, in connection with the update of the US$6 billion Global Medium Term Note program of Shinhan Bank.