Herbert Smith Freehills has advised China Merchants Bank on its 680,423,172 H-rights shares issuance which raised approximately US$1 billion in Hong Kong. The bank's latest H-rights offering follows its Shanghai Stock Exchange listing of 2,962,813,544 A-rights shares in September, which raised approximately US$4.5 billion.
Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as joint lead arrangers and joint book managers in connection with a $10 billion 364-day credit facility for Johnson & Johnson.
The Shearman & Sterling team included partner Maura O'Sullivan (New York-Finance) and counsel Susan Hobart (New York-Finance) and Sharon Lippett (New York-Executive Compensation & Employee Benefits).
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that the firm advised the debt financing providers in connection with affiliates of Kohlberg Kravis Roberts & Co. L.P.’s acquisitions of PRA International and ReSearch Pharmaceutical Services, Inc., both leading global contract research organizations that provide outsourced clinical development services to the biotechnology and pharmaceutical industries.
New York, NY – Paul Hastings LLP, a leading global law firm, represented Deutsche Bank, Morgan Stanley and UBS as the lead underwriters in connection with the initial public offering of Mexican low-cost airline Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris”). The offering involved an issuance of Series A shares in Mexico which were listed on the Mexican Stock Exchange and an issuance of Ordinary Participation Certificates in the form of American Depositary Shares in the U.S.
Slaughter and May is advising GE Money Bank ('GEMB'), a leading Swiss consumer finance provider, and GE Capital Swiss Funding AG, the sole shareholder of GEMB and part of the GE group, on the proposed initial public offering of the majority of GEMB's shares.
Application will be made for all of GEMB's shares to be listed in accordance with the main standard on the SIX Swiss Exchange. The proposed IPO is expected to take place in the fourth quarter of 2013, subject to market conditions.
International law firm Freshfields Bruckhaus Deringer has advised a consortium of underwriters of a US$5.47 billion A and H rights issue of China Merchants Bank. This rights issue is also the largest equity and follow-on offering in China and Asia, excluding Japan, this year.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised BNP Paribas, Succursale Italia on a €30,000,000 revolving loan facility – as well as on the related security documents – granted to Atlantica S.p.A. di Navigazione.
WFW Italy partner Furio Samela led the team on the loan facility and was supported by associates Michele Autuori and Emanuele Caretti.
Atlantica S.p.A. di Navigazione forms part of the Grimaldi Group of Naples, a multinational ro-pax, ro-ro and ferry operator.
DLA Piper successfully acted for ING on appeal of a claim instituted by Stichting Misrekening. In its judgment of 1 October 2013, the Amsterdam Court of Appeal ruled that ING did not mislead customers about the interest rate on its 'Toprekening'. Stichting Misrekening had adopted the position that the Postbank (that was incorporated into ING) wrongly informed customers in 2008 and 2009 about the interest on its 'Toprekening'. The Court of Appeal disagrees.
Paul, Weiss obtained a significant victory on behalf of J.P. Morgan Chase & Co., J.P. Morgan Chase Bank, Inc. and J.P. Morgan Futures, Inc. (JPMorgan) in the U.S. Court of Appeals for the Second Circuit. The Second Circuit affirmed the district court's judgment dismissing a putative class action filed on behalf of all traders who purchased and sold NYMEX natural gas futures contracts during a period in 2006.
International law firm Pinsent Masons has advised, Barclays, HSBC, Lloyds and Royal Bank of Scotland, on the £550 million revolving facility for FTSE 250 property investment company Derwent London plc.