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Corporate

Covington Advises Sensyne Health on IPO and Pioneering Strategic Agreements

20 Aug 2018

LONDON—Covington has advised Sensyne Health on medical device regulatory and data protection matters in connection with its £60 million IPO on London’s AIM market. The firm also represented Sensyne Health in negotiating strategic research and data processing agreements with the Chelsea and Westminster Hospital NHS Foundation Trust, the Oxford University Hospitals NHS Foundation Trust, and the South Warwickshire NHS Foundation Trust.

Bryan Cave Leighton Paisner (Russia) advises Rusklimat Group on a restructuring project

17 Aug 2018

Bryan Cave Leighton Paisner (Russia) is providing comprehensive legal and tax advisory support to Rusklimat Group, the biggest Russian manufacturer and importer of climate control equipment, in relation to its programme for restructuring the Group’s business units and divisions. This programme is designed to optimise the distribution network structure and raise the Group’s attractiveness to investors.

Norton Rose Fulbright advises on the sale of a minority interest in Petrofac’s upstream operations in Mexico

16 Aug 2018

Global law firm Norton Rose Fulbright has advised Petrofac on the sale of 49 per cent of the company’s upstream operations in Mexico, to Perenco, an independent Anglo-French oil and gas company. The transaction is subject to approval by the Federal Competition Commission of Mexico (COFECE), expected in Q4 2018.

Petrofac is a leading international service provider of oilfield services to the oil and gas industry.

Ashurst advises Kansai on acquisition of minority stake in Triton Knoll offshore wind farm

14 Aug 2018

International law firm Ashurst has advised Kansai Electric Power Company on its agreement to acquire a 16 percent stake in the approx. 860 MW Triton Knoll offshore wind farm. The project was one of three offshore wind projects awarded a 15 year contract for difference (CfD) last October and is being developed by Innogy who are retaining a majority stake. Innogy has also agreed to sell 25 percent to another investor.

Mayer Brown advises HSBC on commercialising ‘Know Your Client’ software solution

13 Aug 2018

Mayer Brown advised HSBC on a project to sell and monetise a “Know Your Client” software solution.

The solution combines robotic process automation and machine learning technologies to significantly reduce the time it takes to check the compliance status of clients. The technology was created for and owned by HSBC and is to be developed and marketed to banks and other financial services companies through a joint venture with outsourcing company EXL.

Davis Polk Advises Heineken on its Non-Binding Agreements with China Resources to Join Forces in China

11 Aug 2018

Davis Polk is advising Heineken N.V. in connection with its non-binding agreements with China Resources Enterprise ("CRE") and China Resources Beer (Holdings) Co. Ltd. ("CR Beer") to create a long-term strategic partnership in Mainland China, Hong Kong and Macau. As part of this strategic partnership, Heineken will become CRE's 40% partner in holding company CRH (Beer) Limited ("CBL"), which controls CR Beer, a market leader in the world's largest beer market, China.

CMS advises GasVersorgung Süddeutschland on establishing innovative tendering platform Tender365

11 Aug 2018

Stuttgart – GasVersorgung Süddeutschland GmbH (GVS) and EXXETA AG recently signed the memorandum of association for Tender365 GmbH. The registration phase for the digital electricity and gas tendering platform is due to begin on 20 August. The platform is based on an equal shareholding model. The OTC marketplace for energy projects is scheduled to commence operations on 3 September.

Allen & Overy advises Schaeffler on the acquisition of drive-by-wire technology

10 Aug 2018

Allen & Overy has advised Schaeffler in signing a master agreement for the formation of a joint venture company with Roland Arnold and Paravan GmbH.

The object of the joint venture company is the further development of Paravan’s SPACE DRIVE drive-by-wire technology and the development and sale of mobility systems.

The transaction is pending regulatory approval by Germany’s Federal Cartel Office. The parties have agreed not to disclose the financial details of the deal.

King & Wood Mallesons accompanies Bohai in foreign investment control proceedings and closing of its joint venture with TRIMET

09 Aug 2018

King & Wood Mallesons (KWM) has accompanied Chinese Bohai Automotive Systems CO, LTD. (Bohai) in successfully completing its transaction, namely the participation in German TRIMET Automotive Holding GmbH (TRIMET Automotive) and the establishment of a Joint Venture with TRIMET Aluminum SE. Major shareholders of Bohai are Beijing Hainachuan Automotive Parts (BHAP) as well as Beijing Automotive Group Co. (BAIC).