Sidley is representing R&F Properties (HK) Company Limited (R&F (HK)) in its conditional agreement with Caesars Korea Holding Company (Caesars) for the formation of a 50-50 joint venture to develop, own and operate an integrated resort in Yeongjong Island, Incheon, South Korea. The Initial Closing of the agreement, subject to certain conditions, is expected to take place in mid-March 2017.
Gide and Bennani & Associés advise respectively Volkswagen AG and Sovac on setting up a joint venture to build an assembly plant in Algeria.
Sovac, Volkswagen’s long-standing distributor in Algeria, and Volkswagen group have finalised the setting up of a joint venture with a view to building an assembly plant in Algeria. It will progressively reach a capacity of 100 vehicles per day for Volkswagen, Seat and Škoda.
Olswang has advised leading online luxury fashion retailer YOOX NET-A-PORTER GROUP (YNAP) on the UK aspects of its joint venture with Symphony Investments, an entity controlled by Mohamed Alabbar.
Norton Rose Fulbright has advised Mitsui & Co., Ltd. (Mitsui) and Mitsui O.S.K. Lines, Ltd. (MOL) on the formation of a joint venture company with AKOFS Offshore AS and the acquisition of the subsea equipment support vessel “Skandi Santos”.
The transaction is Mitsui’s and MOL’s first endeavour into subsea vessel support business.
Gide is advising BNP Paribas on the setting up of its partnership with the Matmut group. On 17 November, BNP Paribas and Matmut signed a framework agreement formalising the alliance between the two groups in the field of damage insurance, with the creation of a joint venture, which will be 66%-owned by BNP Paribas Cardif, the insurance subsidiary of BNP Paribas group, and 34%-owned by Matmut. Such structure, which will launch its activity in 2018, will provide IARD insurance products (in particular insurance relating to motor, home, school, legal protection, and assistance services).
We assisted automated portfolio management services company Evervest Oy in acquiring authorisation from the Finnish Financial Supervisory Authority to act as an investment firm. The license granted to Evervest Oy is proof that fintech companies can act even in the extensively regulated Finnish financial markets.
International law firm Pinsent Masons has advised Capita on its strategic partnership with mobilcom-debitel, with an expected value of EUR 230 million.
Freshfields Bruckhaus Deringer LLP ('Freshfields') has advised Cosan S.A. (‘Cosan’), the Brazilian-listed energy company, on its negotiations with Royal-Dutch Shell (‘Shell’) to revise the terms of its important Brazilian joint venture, Raizen, the world's largest sugar and ethanol producer and one of Brazil’s largest companies.
PARIS (November 23, 2016) – International law firm McDermott Will & Emery advised Acticor Biotech on its research collaboration agreement with Mediolanum Farmaceutici on Acticor’s project ACT-017, a humanized antibody fragment.
Under the terms of the agreement, Mediolanum will co-finance research and development of ACT-017, currently in preclinical development, as a potential next generation antithrombotic treatment for acute ischemic stroke.
PARIS (22 November, 2016) — International law firm McDermott Will & Emery advised French biotechnology startup Poietis, a French leader for 3D bio printing, on its exclusive research partnership with L’Oréal to develop bio printing of hair.