Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

The Firm represented Zhenro Properties Group Limited (“Zhenro Properties”) in connection with its initial public offering in Hong Kong and Regulation S offering of 1,000,000,000 shares (prior to the exercise of the overallotment option), which raised HK$3.99 billion (US$510.2 million) in gross proceeds. The ordinary shares of Zhenro Properties are listed on the Hong Kong Stock Exchange. CCB International acted as sole sponsor. CCB International and Guotai Junan International acted as joint coordinators.

Mayer Brown JSM represented Principal Financial Group (NASDAQ:PFG), one of Southeast Asia’s largest asset managers, in its proposed acquisition of controlling stakes in CIMB-Principal Asset Management Group and CIMB-Principal Islamic Asset Management from its joint venture partner CIMB Group Holdings Berhad (KLSE:1023), pending regulatory approval.

Mayer Brown JSM represented both Standard Chartered APR and Standard Chartered Bank (Hong Kong) on the divestment of all 154 million of their shares in Asia Commercial Bank (ACB), one of Vietnam’s largest private sector banks. These shares represent 15% of ACB’s capital.

Standard Chartered APR sold 8.75% of ACB’s capital (approximately 90 million shares) to Estes Investment Ltd and Sather Gate Investment, while Standard Chartered Bank (Hong Kong) sold its 6.25% stake (or 64 million shares) to Boardwalk South, Whistler Investment and Estes Investment.

Mayer Brown JSM announced today that Brian McKenna has joined the firm in Hong Kong as a partner in its Corporate & Securities practice.

The Milan office of global law firm K&L Gates LLP welcomes Luca Sommariva as a partner in its construction and infrastructure practice. He joins the firm from Gattai, Minoli, Agostinelli & Partners.

King & Spalding today announced that Bradley T. Giordano has joined as a partner in the Chicago office. Giordano will bolster the firm’s Financial Restructuring practice and will serve a key role in expanding the firm’s recently opened Chicago office.

Arrival of Jon Holland and Andrea Monks will further enhance the firm’s litigation and contentious regulatory practices in the City.

Latham & Watkins is pleased to announce that Jon Holland and Andrea Monks will join the London office as partners in the Litigation & Trial Department. Holland and Monks are experienced and respected litigators, with notable track records advising retail and investment banks, asset managers, and other financial institutions in a number of landmark disputes and contentious regulatory matters.

Hunton & Williams LLP continues the expansion of its global corporate practice with the addition of Angus Duncan as a partner in the firm’s London office. He brings more than 25 years of experience handling complex structured finance and specialty finance transactions.

Arnold & Porter Kaye Scholer LLP announced today that Steve Benz, former Head of Litigation at Eli Lilly and Company (Lilly), has joined the firm as a partner in the Life Sciences and Healthcare Regulatory practice, resident in the Washington, DC office.