Herbert Smith LLP is pleased to announce the official opening of its Belfast office. The firm’s new office is located at 3 Cromac Quay, on the site of the former Belfast Gasworks, one of the city’s most famous landmarks.
Tags: Herbert Smith Freehills LLP Monthly Archives: June 2011
Clifford Chance Advises HSBC Bank Middle East Limited on an Innovative and Ground Breaking Sukuk Structure
Clifford Chance recently advised HSBC Bank Middle East Limited (HBME) in connection with updating its US$5 billion sukuk issuance programme and a US$500,000,000 issuance under the Programme. The trust certificates for the issuance, which are due in 2016, yield a profit rate of 3.575% per annum payable on a semi-annual basis.
Tags: Clifford Chance LLP | Dubai Allen & Overy Expands U.S. Presence with New Office in Washington, D.C.
Allen & Overy today announces the opening of a new office in Washington, D.C., with the addition of three new partners to bolster its leading U.S. Regulatory practice, in order to help clients meet the challenges of a radically altered regulatory landscape in the U.S.
Tags: Allen & Overy LLP Davis Polk – Insulet Corporation Convertible Notes Offering and Secondary Common Stock Offering
Davis Polk advised J.P. Morgan Securities LLC as sole underwriter in the SEC-registered offering by Insulet Corporation of $125 million aggregate principal amount of its 3.75% convertible senior notes due 2016, plus an $18.75 million over-allotment option, which has been exercised by the underwriter. Davis Polk also advised J.P. Morgan Securities LLC as representative of the several underwriters in the SEC-registered offering by Insulet’s selling stockholders of 1,153,420 shares of Insulet common stock. The selling stockholders received shares of Insulet in connection with Insulet’s recent acquisition of Neighborhood Diabetes, Inc., a medical equipment distributor specializing in direct to consumer sales of diabetes supplies. The common stock is listed on the Nasdaq Global Market under the symbol “PODD.”
Tags: Davis Polk & Wardwell eBay Prevails in California Breach of Contract Action
In a decisive win for eBay Inc., Weil, Gotshal & Manges obtained dismissal of the final claims in a breach of contract action that had been pending in California state court for three years. The court granted dismissal of the action, Ruins & Genesta v. eBay, Case No. 30-2009 00124542, Superior Court of the State of California for the County of Orange, on June 21, 2011.
Mayer Brown JSM to Open Office in Singapore
Mayer Brown, a leading global law firm, announced today that it will extend its geographic presence in Asia by opening an office of Mayer Brown JSM, its Asian practice, in Singapore. The new office will focus initially on four primary areas of legal practice: asset finance, project finance, energy and international arbitration.
Tags: Mayer Brown LLP | Singapore Goodwin Litigators Help Secure Landmark Supreme Court Victory for Teva and Generic Drug Manufacturers
Last week, Goodwin Procter attorneys helped secure a victory for long-time client Teva Pharmaceuticals and for manufacturers of generic drugs generally, when the U.S. Supreme Court ruled in PLIVA v. Mensing. Goodwin’s team was instrumental in drafting the certiorari and merits briefs before the Court.
Tags: Goodwin Procter, LLP Davis Polk Advises Prada S.p.A. on Its Initial Public Offering
Davis Polk advised Prada S.p.A. in connection with its HK$16.7 billion (US$2.15 billion) initial public offering of ordinary shares. The global offering consisted of a public offering in Hong Kong and an international offering in reliance on Rule 144A and Regulation S. The global offering consisted of both primary and secondary shares, which are listed on the Hong Kong Stock Exchange under the stock code of “1913.”
Tags: Davis Polk & Wardwell | Hong Kong S&C Achieves Significant Appellate Victory in MBIA Case, Reinstating $5 Billion Suit Against the Insurer
On June 28, S&C achieved a major victory in the Court of Appeals of the State of New York, successfully reinstating a fraudulent conveyance action brought by 11 of the world’s leading financial institutions, including Bank of America, Morgan Stanley, UBS and others, against the monoline insurer MBIA Insurance (“MBIA”). The bank policyholders challenge a 2009 restructuring that stripped $5 billion in assets from MBIA, thereby slashing MBIA’s ability to honor its contractual obligations to structured-finance policyholders and leaving MBIA as a “dying” insurer with a “junk” credit rating.
Tags: New York Hogan Lovells Represents S1 Corporation on Combination with Fundtech Ltd.
Hogan Lovells advised S1 Corporation on its combination with Fundtech Ltd. in a stock-for-stock merger deal valued at approximately $700 million.
Tags: Hogan Lovells