Skadden secured a favorable settlement for China-based iDreamSky Technologies Limited in a putative class action arising from its $116 million initial public offering of American depository shares. The plaintiffs filed several lawsuits in state and federal court, alleging that the defendants misled investors about the anticipated timing of a new mobile game release. Skadden successfully consolidated the lawsuits before Judge J. Paul Oetken of the U.S.
Ashurst is advising Lazard & Co., Limited in relation to the €260 million recommended cash offer for Taliesin Property Fund Limited by Wren Bidco Limited and Canary Bidco Limited (newly formed companies owned by entities advised by affiliates of The Blackstone Group L.P. as part of Blackstone's newly formed pan-European Core+ unit).
International legal pratice Osborne Clarke has advised the Hamburg-based VAT start-up Taxdoo on a seed financing from (High-Tech Gründerfonds) HTGF.
Taxdoo has devised a system that automatically collects data from marketplaces, online shops and ERP systems and processes it in line with international VAT regulations. This information is then submitted to the respective financial authorities through an international network of VAT experts. The data can then be transferred seamlessly into financial accounting systems.
Firm advises on the largest corporate IPO in Thailand in over a decade.
Skadden is advising China Education Group Holdings Limited on its HK$3.2 billion (approximately US$413 million) initial public offering on the Hong Kong Stock Exchange.
Global law firm White & Case LLP has advised Credit Bank of Moscow, as Issuer, on the RUB14.4 billion (approximately US$248 million) public offering of additionally issued ordinary shares on Moscow Exchange.
The White & Case team which advised on the transaction was led by partners Darina Lozovsky (Moscow & London) and Inigo Esteve (London), and local partner Dmitry Lapshin (Moscow), with support from counsel Doron Loewinger (London) and associates Renat Akhmetzyanov, Yulia Akulinina and Anastasia Sheyndlina (all Moscow).
International legal business DWF has advised the London branch of Joh. Berenberg, Gossler & Co. KG in relation to SigmaRoc PLC's placing which raised £13.9m. Berenberg acted as sole broker and bookrunner to the placing.
International legal business DWF has advised the London branch of Joh. Berenberg, Gossler & Co. KG in relation to SigmaRoc PLC's placing which raised £13.9m. Berenberg acted as sole broker and bookrunner to the placing.
On December 6, 2017, China Securities Regulatory Commission (the “CSRC”) approved the transaction in which JPMF Guangdong Co., Ltd. (the “JPMF”, SZ002600) purchases assets by issuing shares (the “Transaction”). In this Transaction, JPMF will purchase 100% equity interest of Ling Yi Technology (Shenzhen) Co., Ltd. (the “LY Tech”) and issue its shares to the current shareholders of LY Tech, with a total consideration of RMB20.73 billion.
Hill Dickinson has recently advised AIM-listed client UK Oil & Gas Investments plc (UKOG) on a £10m convertible loan facility with a consortium of investors arranged by Riverfort Global Capital Ltd.
Freshfields Bruckhaus Deringer (“Freshfields”) has advised China International Capital Corporation Hong Kong Securities Limited, the lead financial advisor and lead placing agent in the strategic placement of US$3.97 billion of H-shares by China Everbright Bank Company Limited (‘China Everbright Bank’) to Overseas Chinese Town Enterprises Company and China Everbright Group Limited.
The deal closed on 22 December 2017. The shares are listed on the Hong Kong Stock Exchange.