Daimler Mobility Services, a division of Germany’s automotive company Daimler, has made an investment in Turo Inc., the US market leader in the area of peer-to-peer (“P2P”) carsharing, in the context of a financing round. An Eversheds Sutherland team led by Sven Schweneke advised the US carsharing provider on the strategic partnership.
The University of Copenhagen has entered into a new collaboration agreement with Microsoft Corporation on the development of a quantum computer. Plesner assisted the University of Copenhagen with the conclusion of the agreement.
Eversheds Sutherland has advised Otsuka on a licensing agreement with Russian pharmaceutical company R-Pharm to commercialize Deltyba™ (delamanid) for the treatment of adults with pulmonary multidrug-resistant tuberculosis (MDR-TB) in the Russian Federation and the Commonwealth of Independent States (CIS).
CHSH Cerha Hempel Spiegelfeld Hlawati has acted as legal advisor to the Austrian venture capital fund Speedinvest, beginning with the foundation of the joint venture right up to the acquisition by ÖBB-Holding AG of all shares in the joint venture iMobility GmbH ("iMobility").
Ashurst is advising AVEVA Group plc ("AVEVA") on its combination with Schneider Electric SE's ("Schneider Electric") industrial software business ("Schneider Software"), to create a global leader in engineering and industrial software, and return of cash to shareholders.
Allen & Overy has advised industrial development company Dussur, on a SAR1 billion riyal (USD267 million) joint venture agreement with General Electric (GE) to manufacture gas turbines in the eastern city of Dammam in the Kingdom of Saudi Arabia, which closed in June 2017.
The announcement on conclusion of the joint venture agreement followed the Summit held in May 2017 between His Royal Highness King Salman bin Abdulaziz Al Saud, and U.S. President Donald Trump. It is also part of the same announcement made by GE on 20 May 2017.
Eversheds Sutherland has advised Otsuka on a licensing agreement with global pharmaceutical company Mylan to commercialize Deltyba™ (delamanid) for the treatment of adults with pulmonary multidrug-resistant tuberculosis (MDR-TB) in low- and middle-income countries.
Legal experts at the international law firm, Gowling WLG, have played a key role in assisting AstraZeneca in formulating a collaborative agreement with Takeda Pharmaceutical Company Limited to jointly develop and commercialise MEDI1341, an alpha-synuclein antibody currently in development as a potential treatment for Parkinson's disease (PD).
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Volkswagen AG (‘VW’) on the complex re-negotiation of its three-way joint venture and distribution operations for some of its leading brands of passenger vehicles in Saudi Arabia, including Audi, Porsche and VW.
Norton Rose Fulbright has advised Paris Kassidokostas-Latsis on the formation of a dry bulk joint venture with two first class global companies, to create Ivy Shipping LLC. The primary focus of Ivy Shipping LLC is to invest in supramax and panamax dry bulk carriers.
The firm also advised Ivy Shipping LLC on the acquisition of four Japanese-built supramaxes from Mitsubishi Corporation affiliates, with two ships already delivered and the remaining two ships expected to be in full service by the end of summer 2017.