Orrick’s Paris litigation team obtained a major victory for Italian energy company ENEL in a long battle involving Albanian judgments against the company.

Kirkland advised Pollen Street Capital (“PSC”), a fund manager focusing on investments in the financial and business services sectors, which closed its third fund, PSC III, on 14 February, 2018. The fund exceeded the initial fundraising target of £350 million, closing with final commitments of £400 million from a number of high quality global institutional investors. The fund will primarily target lower mid-market investments in European financial services businesses with opportunities for growth and has so far made seven investments.

Ashurst advised Kuwait Petroleum International (KPI), a subsidiary of Kuwait Petroleum Corporation, on its joint venture with Oman Oil Company to develop a major new green-field crude oil refinery and a petrochemical complex strategically located within the Special Economic Zone of Duqm in the Sultanate of Oman and valued at US$6 billion. KPI completed its purchase of a 50 per cent interest in Duqm Refinery and Petrochemical Industries Company in February 2018.

The Firm represented Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank, as the initial purchasers in the Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.375% Senior Guaranteed Notes due 2028 by CSC Holdings, LLC (“CSC Holdings”).

The Firm represented Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank, as the initial purchasers in the Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 5.375% Senior Guaranteed Notes due 2028 by CSC Holdings, LLC (“CSC Holdings”).

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.

The Firm recently represented Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Banco BTG Pactual S.A., Evercore Group L.L.C., Santander Investment Securities Inc., BCP Securities LLC and Banco Safra S.A., as initial purchasers, in an offering of US$150 million aggregate principal amount of additional 7% Senior Notes due 2025 by Gol Finance, a subsidiary of Gol Linhas Aéreas Inteligentes S.A. (“Gol”), the Brazilian airline.

Cleary Gottlieb advised the Ministry of Energy and Water of the Republic of Lebanon, and the Lebanese Petroleum Administration, in connection with its First Offshore Licensing Round.

Exploration and Production Agreements were awarded for two blocks in Lebanon’s exclusive economic zone to a consortium comprising Total, Eni, and Novatek.

The Council of Ministers approved the contracts on December 14, 2017, and a signing ceremony was held in Beirut on February 9, 2018.