In October 2017, advised by King & Wood Mallesons (KWM), the case “Shanghai Story Silk Development Co., Ltd. and Shanghai Ziqi Clothing Co., Ltd. (hereinafter, Shanghai Story Company, Shanghai Ziqi Company, the plaintiffs in the first instance and the appellants in the second instance) v. Shanghai Binli Clothing Co., Ltd. (hereinafter, Shanghai Binli Company, the defendant in the first instance and the respondent in the second instance)” was settled.

In December 2017, Nissan (China) Investment Co., Ltd. (including its parent company Nissan Motor Co., Ltd., collectively as “Nissan”) together with Renault S.A.S. (“Renault”, together with Nissan collectively as “Renault-Nissan Alliance”) and Dongfeng Motor Group Company Limited (“Dongfeng”) establish a new joint venture (i.e.

15 December, China Securities Regulatory Commission (the “CSRC”) approved the non-public issuance of H Shares in Hong Kong by the China Everbright Bank Company Limited (“CEB Bank”, 06818.HK) . In this transaction, CEB Bank issued no more than a total of 5.81 billion H-shares of common stock, with a par value of RMB 1. The issue price is HKD 5.3283 per share, representing a 48% premium to the closing price on the announcement date.

Orrick advised U.S. impact finance company FINCA Impact Finance in the divestiture of its microfinance operations in Russia – the second largest in the country – to Luxembourg-based Mikro Kapital. The transaction involved restructuring third-party financing from the European Bank for Reconstruction and Development, the MEF and the responsAbility Fund.

The City Development Department of Riga City Council in cooperation with one of the leading urban planning companies SIA Grupa93, and assisted by Law Firm Eversheds Sutherland Bitans has developed, and Riga City Council has brought up for public discussion a first version of the Riga city spatial plan for the years 2019-2030. This document will regulate the development and usage of Riga territory for the next 12 years and will determine the opportunities and restrictions of development of different territories of the city of Riga.

International legal practice Osborne Clarke has advised healthtech start-up Heartbeat Medical on a seed investment of €3 million Euro from Holtzbrinck Ventures.

The company has created a software that evaluates the success of medical treatment, by reviewing feedback from patients on their quality of life. Berlin Charité and the private hospital groups Sana and Helios already use the technology.

With the financing, Heartbeat Medical will further improve data analysis and give clients better access to information.

The Leeds and Dublin offices of International legal business DWF has advised mineral explorer Erris Resources plc in respect of its admission to trading on AIM.

The Leeds and Dublin offices of International legal business DWF has advised mineral explorer Erris Resources plc in respect of its admission to trading on AIM.

As part of the admission process, Erris Resources raised £4million through a placing of 16,000,000 new ordinary shares at a placing price of 25 pence each, implying a market cap of £7.8million on Admission.

Transaction solidifies Firm's leading position as international legal advisor for 4G financings.

Clifford Chance advised Goldman Sachs and a group of Colombian lenders on the approximately US$708 million (debt and equity) multisource financing for the construction of the 4G ("Fourth Generation") Antioquia-Bolívar highway in Colombia, also known as Ruta al Mar. This transaction is the seventh 4G project financing handled by the Firm out of eight that have obtained international financing.

The transaction involved:

    the set-up of a joint venture - Red Wind - between the Dutch wind turbine manufacturer Lagerwey and NovaWind to supply 388 wind turbines to Rosatom's subsidiary VetroSGC by 2022
    the conclusion of a Wind turbine technology licensing agreement, under which Lagerwey  provides technology and expertise in 2.5MW and 4.5MW turbines for the joint venture
    the conclusion of a components supply agreement, for the supply by Lagerwey of the first 60 wind turbines

The transaction involved:

    the set-up of a joint venture - Red Wind - between the Dutch wind turbine manufacturer Lagerwey and NovaWind to supply 388 wind turbines to Rosatom's subsidiary VetroSGC by 2022
    the conclusion of a Wind turbine technology licensing agreement, under which Lagerwey  provides technology and expertise in 2.5MW and 4.5MW turbines for the joint venture
    the conclusion of a components supply agreement, for the supply by Lagerwey of the first 60 wind turbines