Watson Farley & Williams (“WFW“) has advised Bremen-based ZEABORN Group (“ZEABORN”) on its new project and heavy-lift cargo joint venture with Houston-based Intermarine Group (“Intermarine”), ZEAMARINE.
Orrick has advised Borealis AG and NOVA Chemicals with respect to a petrochemicals joint venture with Total S.A. on the U.S. Gulf Coast.
The joint venture, named Bayport Polymers LLC (“Bay-Pol”), is 50% owned by Total and 50% owned by Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals. The transaction closed on May 23, 2018.
Mishcon de Reya has advised Rwanda Development Board (RDC) on a three-year sponsorship and partnership agreement with Arsenal FC.
The deal will be RDB's first sleeve sponsorship, and will see the "Visit Rwanda" logo on Arsenal's first team, Under 23s, and Women's shirts from the beginning of next season. It has been reported that this is the biggest sleeve sponsorship deal of its kind in the Premier League.
Clare Akamanzi, CEO of RDB said "We're thrilled to be partnering with Arsenal and showcasing the vibrancy and beauty of our country."
Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised MACH Energy Australia Pty Ltd in relation to its recently announced agreement with JCD Australia Pty Ltd (JCDA) to establish the Mount Pleasant Joint Venture.
Under the agreement, JCDA will acquire a 5% interest in the Mount Pleasant coal project and MACH and JCDA will establish the Mount Pleasant Joint Venture to develop and operate the Mount Pleasant coal mine.
Herbert Smith Freehills has advised longstanding clients the Virgin Group and Virgin Atlantic on the landmark expanded transatlantic joint venture between Virgin Atlantic Airways, Air France-KLM and Delta Air Lines and sale of 31% of Virgin Atlantic to Air France-KLM by the Virgin Group for £220 million, which proceeded to signing of definitive transaction documents yesterday.
Clifford Chance has advised Cromwell Property Group, a real estate investor and manager, on its on its strategic partnership with Linkcity, a member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.
Baker McKenzie successfully acted for volt bank in being granted the first ever restricted banking licence under the Federal Government innovation agenda. The Australian Prudential Regulation Authority (APRA) granted the restricted authorised deposit-taking institution (RADI) licence to create greater competition in the domestic banking sector.
Baker McKenzie head of Financial Services and Funds in Australia, Bill Fuggle stated: "We were delighted to act for our client, volt bank, in what is clearly a game changer for both our client and the industry more broadly."
Transocean Ltd. (NYSE:RIG) announced today that, through a joint venture with funds managed and/or advised by Hayfin Capital Management LLP (“Hayfin”), it has purchased a 33.3% interest in the West Rigel, a newbuild harsh environment semisubmersible. The total purchase price for the rig, built by Sembcorp Marine Ltd.’s (“Sembcorp”) Jurong Shipyard Pte Ltd, is $500 million.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Starbucks Corporation in connection with the formation of a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brands in consumer packaged goods (CPG) and foodservice.
Simpson Thacher is representing Ant Financial Services Group (“Ant Financial”) in connection with its strategic partnership with bKash Limited in Bangladesh. As part of Ant Financial’s global strategy, the partnership involves Ant Financial investing into and sharing technological know-how with bKash in order to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.