Hogan Lovells represented Elastagen Pty Ltd., a clinical stage company developing medical device products based on recombinant tropoelastin, in its acquisition by Allergan, a leading global biopharmaceutical company.

Under the terms of the agreement, Sydney, Australia-based Elastagen will receive an upfront payment of about $95 million plus contingent payments of up to $165 million. Completion of the transition is subject to customary closing conditions, including review by Australia’s Foreign Investment Review Board.

Hill Dickinson has recently advised AIM-listed client Bluejay Mining plc (Bluejay) on a £17 million placing arranged by H&P Advisory Limited and SP Angel Corporate Finance LLP who acted as joint bookrunners and placing agents for Bluejay in connection with the placing.

The proceeds of the fundraising will be used to:

    continue the development of Bluejay’s Dundas Ilmenite project in Greenland
    undertake the 2018 work programme at the Disko nickel, copper, cobalt and platinum project in West Greenland, and

Consultant, Michael Corcoran, from Hill Dickinson’s London corporate team has recently advised long-standing Canadian Securities Exchange listed client, Portage Biotech Inc. (OTCQB: PTGEF, Canadian Stock Exchange: PBT.U) (Portage) on its participation in a new joint venture project with the University of Glasgow to develop more effectively targeted drugs to treat chronic conditions including cancer.

Freshfields Bruckhaus Deringer has advised HSBC, Huatai Securities and Morgan Stanley as the joint global coordinators in the spin-off of A-Living Services Co. Ltd. from Agile Group Holdings Ltd. and the offering and separate listing of H shares of A-Living on the Hong Kong Stock Exchange.

The transaction, which closed today (9 February 2018), involved the offering and listing of approximately 333m H shares. It raised gross proceeds of approximately US$526m (HK$4.1bn).

Freshfields Bruckhaus Deringer has advised HSBC, Huatai Securities and Morgan Stanley as the joint global coordinators in the spin-off of A-Living Services Co. Ltd. from Agile Group Holdings Ltd. and the offering and separate listing of H shares of A-Living on the Hong Kong Stock Exchange.

The transaction, which closed today (9 February 2018), involved the offering and listing of approximately 333m H shares. It raised gross proceeds of approximately US$526m (HK$4.1bn).

The offer, announced on 8 February 2018, values the entire issued and to be issued share capital of Escher, an Irish plc listed on the AIM market on the London Stock Exchange, at approximately £34.80 million and £35.32 million on a fully diluted basis.

Eversheds Sutherland advises OnTheMarket plc on property portal flotation

Eversheds Sutherland has advised OnTheMarket plc on its placing and admission to trading on AIM.

OnTheMarket plc, which starts trading on AIM today (9 February, 2018), is the parent company of longstanding Eversheds Sutherland client Agents’ Mutual, which owns and operates the UK online residential property portal OnTheMarket.com.

DLA Piper has advised leading property developers, Jansons Property (Jansons), on the development and sale of the iconic India Buildings site located in Edinburgh Old Town, which is to be developed for luxury lifestyle hotel brand Virgin Hotels. All parties agreed to keep the transaction value undisclosed.

DLA Piper represented Cabinet Group LLC on tax and Norwegian law matters in its joint venture with Funcom N.V., a Norwegian developer, to establish Heroic Signatures, a new company holding and managing the interactive and video gaming rights based on the works of Robert E. Howard and classic Swedish pen & paper and board games.

The case provides clarity on section 24 appeals under the Health and Safety at Work Act 1974

Global law firm Clyde & Co has successfully defended its client, Chevron, at the Supreme Court.